Morningstar and Plan Administrators Inc. are planning to launch the pooled employer plan early next year, pending a final rule on environmental, social and governance factors from the Department of Labor.
ESG factors can be financially material, the DOL noted. And when they are not, they can be used in a tie-breaker between similar investments.
The proposal seeks to clarify that ESG factors can be financially material. It also specifies that such investments can be used as part of the default investment options in 401(k)s.
The fund manager announced that starting next year, some of its institutional clients will be able to play a bigger role in shareholder votes.
The bank signed a pledge to align its lending and investment portfolios with net-zero emissions by 2050, joining a group of more than 40 rival financial firms.
Support from corporate executives and slick marketing is no match for rules and regulation when it comes to managing sustainable portfolios.
Christopher and Michelle Mackin are leveraging their love for the outdoors into a focused advisory practice.
Steve Lydenberg co-founded KLD Research & Analytics, the first firm to conduct an environmental, social and governance analysis of S&P 500 companies. But he says ESG has fallen short in addressing systemic issues such as inequality and climate change.
More than a dozen investment firms overseeing more than $4 trillion in assets are banding together to standardize data on the environmental, social and governance performance of their portfolio companies.
Schroders report shows that American investors in particular now view performance as the best attribute of ESG strategies.
European investment managers beginning to drop "ESG integrated" from company filings company filings amid concern that regulators will no longer tolerate vague descriptions.
Parametric ESG expert Gwen Le Berre explains how advisers can protect clients from companies that exaggerate — or even lie about — their environmental, social and governance efforts.
The greenwashing trend is raising eyebrows among advisers who wonder whether firms are just jumping on the ESG bandwagon.
The panelist referenced the popular musical 'Hamilton' by Lin-Manuel Miranda, saying that diversity needs to be in 'the room where it happens.'
Vanguard has just one employee to monitor climate issues for every 300 of its portfolio companies and it lacks a policy to divest some funds from coal producers, according to a report from Universal Owner.
James Katz tailors his RIA, Humankind Investments, to serve clients who place the greater good at the top of mind.
GOP senators assert that the SEC's effort to expand ESG reporting pushes a social policy agenda, while the SEC chair says agency is reacting to investors' demands for more information.
Municipal bond exchange-traded funds have attracted a record amount of cash this year as investors try to shield income from potentially higher levies under the Biden administration.
A report shows that the ESG investment category 'got lucky' by benefiting from high-profile climate disasters.
Asset managers need to embrace diversity, equity and inclusion efforts as a core ingredient of a sustainable business model, experts say.
