Fund industry opposes DOL’s proposed ESG rule
Asset managers including Fidelity, BlackRock and State Street submitted comment letters criticizing the proposed rule.
Author: Bloomberg News
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Morgan Stanley ESG fund raised near record amount in Japan
$3.6 billion fund the biggest Japanese offering in two decades.
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Citigroup CEO said banks should push clients to cut emissions
Michael Corbat said lenders should be willing to drop corporate customers that don’t lower climate impact.
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More companies responding to investors and reporting their impact
SASB reports 279 companies reporting on sustainability compared to 118 for all of 2019.
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European money managers will have to disclose climate impact of holdings
Large US investment firms probably will need to abide by Europe’s demands, which could become a benchmark for all.
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Workers are focus of new impact investing group
Two Sigma looks to support firms that value human potential at mid-sized companies in North America.
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Long-term investors having greater impact during COVID-19
Increase in ESG investing interest helping crowd out short-term shareholders.
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Boston Common’s Aiyer to pressure global companies on racial inequality
Money manager to confront banks and real estate investors over looming eviction crisis.
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Google sustainable finance deal expected to spark similar tech moves
Others technology firms expected to copy Alphabet Inc., which raised a lot of money cheap.
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Using mortgages to encourage greener homes
It’s not as easy as it would seem developing mortgages that support less energy use.
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Social debt surges to record as borrowers tackle COVID-19
Nearly $42 billion of debt for projects aimed at helping society sold around the globe in the first half of 2020.
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Bank of America to unveil climate change impact of loans
Investment firm to report the carbon emissions from its lending and investments.