Pimco, Fidelity shun net-zero alliance
The Glasgow Financial Alliance for Net Zero is finding it can’t attract some of the top names in asset management
Author: Bloomberg News
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SEC should look at oil CEOs with pay tied to ESG metrics: Warren
The senator said companies seem to be using ‘easily manipulated metrics’ to get executives higher payouts
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Brookfield sees ‘massive’ opportunities in energy shift
The transition from old to new energy forms means investors have a chance to bet on which technologies will prevail
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Rich clients get more ‘S’ options at $8bn firm
Seattle-based Laird Norton Wealth Management is working with Calvert and Parametric on equity strategies that emphasize social issues
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Invesco offers sustainability version of its S&P 500 ETF
The Invesco ESG S&P 500 Equal Weight ETF will invest in companies considered leaders in ESG metrics; Apple, Facebook parent Meta and Tesla are among the companies that will be excluded from the fund initially.
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COP26 seals climate deal after major compromises
Negotiators from almost 200 countries clinched a deal that seeks to keep the most ambitious goal of the Paris Agreement alive, but punted the hardest decisions into the future.
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Net-zero asset managers fall short of targets set by scientists
Firms that have recently disclosed interim portfolio decarbonization targets are on track to cut their CO2 footprint by just 20% this decade, according to nonprofit Universal Owner.
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Yellen to urge finance CEOs to put more funds into climate fight
Private capital would prove more critical to reaching the Paris Agreement aim of net-zero carbon emissions by 2050.
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SEC paves way for more proxy votes on climate change
The change is the latest attempt by the agency to make it easier for shareholders to take action on hot-button issues like race and climate change.
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Goldman offering companies higher interest in accounts if they meet ESG goals
Firm hopes the ESG component will help attract more depositors as it tries to build out its banking segment.
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Fidelity International to halve CO2 in portfolio by 2030
The London-based firm, which manages more than $785 billion, plans to give portfolio companies time to adopt to its tougher CO2 requirements.
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Regulators warn climate change poses threat to financial stability
Treasury Secretary Janet Yellen led the panel of top federal regulators that issued the report on climate change, including tentative recommendations for how agencies should begin preparing to contain the risk.