House panel approves ESG, diversity bills without GOP support
Rep. Patrick McHenry, R-N.C., accuses Democrats of trying to ‘cater to the far left.’ Democrats say ESG, diversity data is crucial.
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ESG podcast Impact Adventures launched April 23
Hosts Liz Skinner and Stephen Lamb preview their brand-new series Impact Adventures. Meant for investors of all types and financial advisers, Impact Adventures will educate through amazing stories of entrepreneurs and businesses working to change the world.
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What clients want to know about ESG
Clients often ask about the definitions of ESG terms, the performance of ESG investments and how they can have an impact on issues they care about, said Jenifer Cannon of Impax Asset Management.
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Citi expects $1 trillion boom in ESG ETFs
The bank’s analysts credit the global pandemic with stirring investor demand for companies doing good, and also cite the frenzy for tech-focused thematic funds, many of which fall within the environmental, social and governance category.
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Climate-risk disclosure bill faces tough legislative path
The measure, written by Democratic lawmakers, will have a hard time finding Republican votes. But it does send a signal of support to the SEC for tougher ESG oversight.
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What sparked today’s love of ESG?
Even for the earliest proponents of sustainable investing, its sudden spike in popularity is surprising, but satisfying.
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ESG is one of 3 top ways to attract millennials: J.D. Power
The past year has exposed a stark divergence in the investment behavior of millennial investors compared with their older counterparts. A huge generational transfer of wealth, at roughly $68 trillion, is poised to fall into the hands of the millennials.
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Regulators take a closer look at ESG
The SEC has made six announcements on ESG in just the past month, George Moriarty notes. Financial advisers should pay particular attention to the agency’s plan to examine disclosures around sustainable investment products.
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BlackRock and Temasek team create VC fund to cut carbon
In a similar effort, Bill Gates has raised $2 billion in a VC fund for sustainable energies.
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Standardization will be key to spreading corporate sustainability
Professor Paolo Taticchi answers ESG Clarity reader questions on how business attitudes need to change so corporations can become more sustainable.
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PE fund targets diversity, governance at small companies
Mill Road Capital is applying a ‘progressive private equity’ strategy in its latest fund.
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SEC will not assess merit of ESG investments: Peirce
The agency’s role is not to determine whether any particular strategy is a good one, but to ensure investors know what they are getting, according to Securities and Exchange Commission member Hester Peirce.