Money still pouring into ESG funds
Sustainable equity funds recently passed $1 trillion in assets under management globally, having grown almost 75% just in 2020, says Sara Mahaffy, ESG strategist at RBC Capital Markets.
US
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Companies are increasing ESG reporting: US Chamber of Commerce
A recent survey showed most public companies are revealing information on climate change, but want mandatory ESG disclosures to be flexible.
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Residential solar firm looks to introduce green bond
Sunnova Energy prepares to take advantage of boost in U.S. homeowners seeking greener power.
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SEC set to approve Nasdaq diversity board proposal
By Aug. 8, Securities and Exchange Commission is expected to review the Nasdaq plan, aimed at trying to boost the number of minorities and women on the boards of companies trading on the exchange.
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How firms can effectively communicate an ESG value proposition
It’s critical for wealth management firms to create authentic and compelling narratives around their sustainable investing offerings.
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Democrats press Labor Department for update on ESG rules
In a letter to Labor Secretary Marty Walsh, Democrats asked for an update on the DOL’s rule proposals on ESG criteria. Last year, the Trump-administration DOL finalized two rules that tamped down on use of so-called nonpecuniary factors in investment selection.
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Finalists for Women in Asset Management Awards announced
More than 100 individuals were named on the short list for awards in 16 categories; the winners will be announced on Sept. 9.
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A tale of investing in sustainable cities
SDG #11: Sustainable Cities. Efforts to make cities inclusive, safe, resilient and sustainable face significant challenges that have been exacerbated by the pandemic.
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The ‘secret sauce’ of impact investing
Conscious leaders — those who think about both their company’s customers and its employees — are the ‘secret sauce’ of impact investing, says Eva Yazhari of Beyond Capital Ventures, a women-led emerging markets impact venture fund.
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Pension funds talk green but hold billions in polluter stocks
The 10 largest public pension funds devote about 9% of their combined equity holdings to 20 high-carbon emitting companies, according to Bloomberg Intelligence.
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Gensler says SEC will propose climate risk rules by year-end
The SEC chairman signals that the disclosures about the risks corporations face from climate change may appear in the mandatory filings public companies make to the agency.
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European ESG benchmarks make greenwashing harder
While only about $1.2 billion is now tied to gauges that meet the European Commission requirements, inflows have more than doubled since January, according to the European Securities and Markets Authority.