Public funds taking the lead in spectacular boom of ESG

Another possible factor in the Business Roundtable’s new commitment to stakeholders — greenwashing. Double- and even triple-digit growth in the amount of U.S. institutional assets in ESG investments shows no sign of slowing down, and public pension funds are leading the way. Sustainable, responsible and impact investing assets reached $12 trillion in early 2018, according…

Investors discuss future of ESG engagement at Sustainable Finance Forum | IR Magazine

A large UK pension manager gave a frank and detailed description of engagement with oil and gas companies, relating to enhanced disclosure and increased action on climate initiatives, particularly the 2C degree scenario. He emphasized the need for more ‘credible’ institutional leaders to ‘step up’ regarding climate issues, and suggested that the media could be…

Employees Leave When Employers Are Unfair

Diversity and inclusion are not nice to have. They are not irrelevant to or a drag on financial returns. They are essential for risk management and avoiding unnecessary costs. Companies like to say in their annual reports that their people are their most important asset. Diversity and inclusion — along with pay, training, and turnover…

UK: FRC Statement on Green Investing

From the UK: The Government has announced its Green Finance Strategy which recognises the role of the financial sector in delivering global and domestic climate and environmental objectives. In response, the FRC has issued a joint statement with other financial regulators, including the PRA, FCA and the TPR which can be viewed here, while the…

Will America lead or fall behind on responsible investing? | TheHill

Fiona Reynolds writes in The Hill: The United States is a global leader by so many measures. The U.S. Women’s National Soccer Team did just win the World Cup, after all. Yet, when it comes to responsible investing, a critical tool for embedding social and climate awareness in the way we do business, the U.S….

Corporate climate ignorance poses threat to pensions | Minerva-Manifest

Nearly half of major companies in the highest polluting sectors worldwide are failing to weigh up how climate change will affect their businesses. The findings come from the State of the Transition report compiled by the Transition Pathway Initiative, an organisation backed by asset owners and fund managers, representing some US $14 trillion in assets.It…

 Framework on Climate Change | International Forum of Sovereign Wealth Funds

President Emmanuel Macron of France and Prime Minister Erna Solberg of Norway convened a roundtable discussion with the One Planet Sovereign Wealth Fund Working Group (“One Planet SWF Group”) at the Elysée Palace followed by a press conference, to mark the publication of the One Planet Sovereign Wealth Fund Framework (“the Framework”).The objective of the…

Climate activists find warmer reception at shareholder meetings – Reuters

Climate activists found companies more receptive to steps like cutting emissions or buying clean power this year, a new tally of shareholder resolutions shows, a trend proponents said undercuts the case for proxy rule changes sought by business groups. Of the 145 climate-related proposals filed for this year’s springtime annual meeting season, 39 percent led…