Several endowments reported that their total returns actually increased after incorporating sustainable investing strategies into their approach, according to a new report from the Intentional Endowments Network.
A recent MIT Sloan research paper looks at the degree to which various environmental, social, and governance (ESG) ratings diverge and why. The paper is the work of Florian Berg and Roberto Rigobon, both of MIT Sloan, and Julian F. Kolbel, who is affiliated with the University of Zurich’s departmentRead More
Brunel Pension Partnership sets 2022 deadline for investment firms to reduce exposureA £30bn British pension fund has threatened to sack investment managers that do not take action on the climate crisis, criticising the sector as “not fit for purpose”.Brunel Pension Partnership, which manages pension money for nine councils in south-west England as well as for the Environment Agency, said it…
A report details CalSTRS policy of engaging fossil fuel companies rather than dumping their stock, which it sees as a last resort and potentially harmful to the portfolio. The post CalSTRS Rejects Fossil Fuel Divestment appeared first on Chief Investment Officer.
African governments should strengthen strategies and policies aimed at encouraging the transition to a new climate economy and increasing investment in clean energy. By phasing out fossil fuels, Africa can lead by example in the global effort to combat climate change.
It’s good news the world’s largest asset manager aims to change how it invests but actions will speak louder than wordsBlackRock’s conversion to sustainable investing comes late in the day and may have been motivated, in part, by founder and chief executive Larry Fink’s fear that the “greenwasher” label would stick. Activists were banging on BlackRock’s door. Fink’s treaties on the importance…
The rise of environmental, social and governance, or ESG, factors as crucial markers on the investment landscape of the world's capital markets has been nothing short of spectacular over the past five years.
From the low- to mid-single digits at the beginning of the decade, in late 2018 39% of all professionally managed assets were invested according to ESG inputs, valued at $31…
Change is afoot at BP. Incoming Chief Executive Bernard Looney plans to expand the company's climate targets and is considering overhauling the structure of the oil and gas major in one of the biggest shake-ups in its 111-year history.
As laudable as they are, the European Commission's proposals for addressing climate change rely overwhelmingly on forms of financing that violate EU rules. Because the Commission is barred from assuming debt, the European Investment Bank will do so on its behalf, and the European Central Bank will ultimately be left holding the bag.
The World Economic Forum used its influential annual meeting in Davos this year to issue a call to arms on climate change. Corporate and finance leaders must recognize that as members of the global elite, they have a duty to lead the charge toward a clean, low-carbon economy.
As political leaders and corporate titans gather in Davos, Switzerland, for the World Economic Forum's annual meeting, they would do well to consider how the abstract ideal of "stakeholder capitalism" can be translated into reality. The key to changing the behavior of economic and political elites alike is to change what is measured.
Alfred Nobel could not possibly have imagined the scope or scale of today’s global challenges when he introduced his eponymous prize nearly 125 years ago. Yet, by establishing a platform for identifying those who are doing the most for humanity, he may have created a powerful means of confronting them.
Corporate governance is undergoing a sea change, as the longstanding principle of "shareholder primacy" gives way to broader concerns. But recognition of social, environmental, governance, and data stewardship issues is not enough; company boards must also figure out how to integrate shareholder value with corporate responsibility.
Bill Gates, the founder of Microsoft and one of the world’s wealthiest humans, attracted a good deal of attention last fall by saying, “Divestment, to date, probably has reduced about zero tons of emissions.” He thereby put his finger on a key fault line amongst those who regard ESG investmentRead More
The Sustainability Accounting Standards Board (SASB), a non-profit organization has developed industry-specific standards across environmental, social, and governance topics, working toward a consensus on the sorts of disclosures that the issuers of securities should and will make to their investors. In November 2018, SASB released complete standards for 77 industries.Read More