Federal retirement plan should consider climate change: GAO
The board overseeing the Thrift Savings Plan, which has 6 million active and retired participants, says that it subscribes to a strict indexing discipline.
US
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How aligning people planet and profit might just save the world
Embracing the innovations and clean tech solutions being developed today in transportation, energy and beyond is essential for the maintenance of Earth’s life support system.
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Top ESG client interests include decarbonizing the economy and improving DEI
The ESG Vector Score marries two ESG standards to create a measure of how well firms are meeting sustainability criteria, said Julie Moret, head of sustainability for Northern Trust Asset Management.
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Stay ahead of ESG regulatory changes
After climate rule changes, expect similar disclosure requirements on other ESG issues like biodiversity, workforce diversity and political spending.
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ESG assets in Europe hit record $1.4 trillion in 2020
Sustainable products made up more than 50% of all European fund assets last year.
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ESG getting nods from institutions. Why does it lag in 403(b)s?
Much like 401(k)s, 403(b) plans have very little explicit consideration for environmental, social and governance criteria. An estimated 1% of plan assets are in ESG funds.
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Climate change fight is adding to global inflation scare
Industries from glass to steel to autos are being left with little choice but to change how they make products and ultimately what they sell. The technical hurdles and investment involved mean it’s going to cost much more.
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First state to require divestment of fossil fuels
New law will require Maine treasury and giant pension fund to dump coal, oil and gas holdings by 2026.
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Studying up on ESG
Retirement plan advisers who are using ESG in plans should not only educate themselves, but their clients and plan participants as well, says Michael Young of US SIF. He notes that there are now designations available on this topic.
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Growing quality jobs that don’t damage the planet’s health
UN SDG #8 seeks to promote sustainable economic growth and World Tree is a business and impact investment that provides farmers of the Empress Tree a sustainable living, while also providing giant carbon sinks for the world.
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House approves legislation requiring ESG disclosures
The Democratic majority barely prevailed, while SEC Commissioner Allison Herren Lee said the agency could propose a climate-risk rule by year-end. The vote came a day after a Securities and Exchange Commission deadline for public comment.
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Decentralizing proxy power
Twenty-two percent of the shares of a typical S&P 500 company sit in the portfolios of the Big Three index fund companies: BlackRock, State Street and Vanguard. This is a massive voting bloc, especially when you factor in that many shareholders don’t take the time to vote.