ShareAction issues ‘ambitious’ definition of responsible investment
The campaigning group says it has widespread public support for the move
Institutions
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JP Morgan firm buys $500m in land, partly for carbon capture
The purchase includes 250,000 acres in the Southeast
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UN PRI drops complaint against Nuveen and TIAA
Environmental groups and academic clients of the companies alleged greenwashing
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State Street the latest to expand client proxy voting
The measure follows similar moves from Vanguard and BlackRock
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Managers stop calling some assets ESG ahead of SEC rules
Anti-greenwashing proposals are already having an effect, results of a US SIF survey suggest
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Institutions want ESG data that investment firms lack
Morgan Stanley survey finds big gaps in what is wanted and what is available
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BlackRock blindsided by Florida’s decision to pull $2 billion in anti-ESG move
The asset manager wasn’t aware of the decision until reading about it in a statement
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Investors wary of portfolio companies’ ESG reports
Most institutional investors say companies cherry pick data, raising greenwashing worries
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Oregon’s pension is getting the net-zero treatment
Measure comes as conservative states have all but banned ESG in public pensions
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SEC’s proxy-reporting rule could illuminate fund voting
Funds will have to disclose voting in a standardized format
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BNY Mellon hires head of responsible investing from Neuberger
Global role for Manisha Ali
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Dems urge JP Morgan, Wells Fargo to cease funding of anti-ESG group
Federated Hermes has indicated that it will end its membership in the State Financial Officers Foundation