ESG

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SEC names new leader for unit that reviews SPACS, climate rules
INVESTING PRACTICE MANAGEMENT JUN 14, 2021
SEC names new leader for unit that reviews SPACS, climate rules

Law professor Renee Jones will run the agency's division of corporation finance, making her the first Black woman to lead one of the SEC's four major divisions.

Mandatory ESG disclosures are a political inevitability
INVESTING ESG JUN 09, 2021
Mandatory ESG disclosures are a political inevitability

The SEC's flurry of activity has drawn concern not only from Capitol Hill Republicans but also the agency’s Republican commissioners, Elad Roisman and Hester Peirce.

House Republicans warn SEC against climate disclosure requirements
INVESTING ESG JUN 03, 2021
House Republicans warn SEC against climate disclosure requirements

GOP members of House Financial Services Committee question whether climate risk meets the materiality standard.

ESG investing can be volatile — but doesn't have to be
INVESTING EQUITIES JUN 03, 2021
ESG investing can be volatile — but doesn't have to be

Investors in concentrated ESG strategies have experienced crashing lows from the highs of last year, while broadly diversified strategies have offered a smoother ride and still beat the S&P 500.

Fund managers in world's greenest market struggle with ESG rules
INVESTING ESG JUN 02, 2021
Fund managers in world's greenest market struggle with ESG rules

Europe’s new Sustainable Finance Disclosure Regulation requires the industry to label how green an investment product is so that end investors know what they’re buying. But the requirements have yet to be finalized, leaving plenty of room for questions.

ETF tracking LGBTQ index is launched
INVESTING PRACTICE MANAGEMENT JUN 02, 2021
ETF tracking LGBTQ index is launched

The exchange-traded fund tracks an index of U.S. large-cap companies that have a commitment to LGBTQ diversity and inclusion.

'Womenomics' researcher to bring ESG to Japanese startups
INVESTING ESG JUN 01, 2021
'Womenomics' researcher to bring ESG to Japanese startups

Kathy Matsui, formerly of Goldman Sachs, starts female-run venture fund to support health care, fintech and other young firms.

Companies more receptive to diversity-related investor proposals
INVESTING PRACTICE MANAGEMENT MAY 28, 2021
Companies more receptive to diversity-related investor proposals

IBM, First Solar, and DuPont among the companies pressured by shareholders this year to pledge diversity changes.

Texas legislature passes anti-ESG bill
INVESTING RETIREMENT PLANNING MAY 28, 2021
Texas legislature passes anti-ESG bill

If the governor signs the bill, the state's six public pension funds would be prohibited from investing in financial products that boycott energy companies.

Shareholder victory over Exxon emboldens ESG supporters
INVESTING ESG MAY 28, 2021
Shareholder victory over Exxon emboldens ESG supporters

Engine No. 1 win over oil giant's management team suggests climate change and sustainable investing are now mainstream.

Learning to talk ESG with clients
INVESTING PRACTICE MANAGEMENT MAY 27, 2021
Learning to talk ESG with clients

Global ESG Summit takes a deep dive into how advisers and clients can get on the same page when it comes to sustainable investing.

Legislation would require ESG factors in investment decisions
INVESTING RETIREMENT PLANNING MAY 27, 2021
Legislation would require ESG factors in investment decisions

The bills amend the Investment Advisers Act and federal retirement law to promote sustainable investing. The document must describe the factors advisers use in making investment decisions and they must 'align with an ESG framework'

Democratic-led SEC lets investors determine ESG materiality
INVESTING ESG MAY 27, 2021
Democratic-led SEC lets investors determine ESG materiality

The agency likely will propose disclosure rules and has already outlined compliance shortfalls, according to experts at the InvestmentNews Global ESG Summit.

Exxon activist wins historic board seats
INVESTING ESG MAY 26, 2021
Exxon activist wins historic board seats

Engine No. 1 seeks diversification in oil giant's business and a better plan to fight climate change.

Putnam launches its first ETFs
INVESTING ESG MAY 26, 2021
Putnam launches its first ETFs

The four actively managed funds are based on strategies employed in the asset manager's mutual funds, including ESG offerings.

Biden orders climate risk strategy for financial assets
INVESTING ESG MAY 21, 2021
Biden orders climate risk strategy for financial assets

The executive order mandates an assessment of how to reduce climate risks to financial stability; the assessment would also detail plans financial regulators have for bolstering disclosures.

Legislators move to boost ESG in 401(k)s
INVESTING RETIREMENT PLANNING MAY 20, 2021
Legislators move to boost ESG in 401(k)s

The legislation introduced Thursday would amend the Employee Retirement Income Security Act to specifically allow plans to consider ESG factors 'when they are expected to have an impact on investment outcomes, provided plans consider them in a prudent manner consistent with their fiduciary obligations.'

Goldman joins banks exploring green equity as new ESG asset
INVESTING EQUITIES MAY 20, 2021
Goldman joins banks exploring green equity as new ESG asset

Thirteen years after the first green bond, some financial firms are now working on creating a market for green stocks that meet measurable climate metrics.

Hot sector of ESG investing is cooling fast
INVESTING ESG MAY 14, 2021
Hot sector of ESG investing is cooling fast

The record-breaking boom in clean energy funds is rapidly giving way to a bust; since the beginning of May, about $154 million has been pulled from clean energy ETFs.

Rep. Casten pushes climate disclosure bill to strengthen SEC’s hand
INVESTING ESG MAY 13, 2021
Rep. Casten pushes climate disclosure bill to strengthen SEC’s hand

The legislation advances to the House floor as the SEC is taking public comments on increasing ESG reporting requirements.