The firm's president says sustainable investing is a long-term approach: 'We try to invest in the next economy rather than the last economy.'
Some view it as a political issue, but demand is strong, and asset managers appear undeterred.
Products that have high sustainability scores but aren't necessarily labeled as ESG are cheaper, according to a YCharts report.
Federated Hermes has indicated that it will end membership of the State Financial Officers Foundation.
The ESG product would seek to expand disaster coverage and provide pricing transparency.
The unit, Transition Capital, is part of BlackRock Alternatives and will be led by Dickon Pinner, former head of McKinsey Sustainability.
The asset management firm is doing better on disclosure but has a long way to go, activist group says.
The final rule is coming out at a time when sustainable investing has become a political flashpoint.
The world’s biggest asset manager keeps rolling out sustainability themed products.
'Attestation' will lead to more reliable data for investors, but there are hurdles to overcome first.
