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‘Expert’ investors value ESG more than novices
A Schroders study, which surveyed more than 23,000 individuals globally, found people seek sustainable investments for multiple reasons.
Former Northern Trust exec Shundrawn Thomas launches private equity firm
Thomas is partnering with former Bank of America credit specialist Anthony Hoye to provide financing to minority and women-led businesses.
The wrinkles with the SEC’s third-party assurance for emissions
'Attestation' will lead to more reliable data for investors, but there are hurdles to overcome first.
Sustainable bond sales fall far behind 2022 projections
But for sustainability-linked bonds, sales are up 18% year-to-date compared with this time in 2021, according to S&P.
Pension funds fixate on climate change
A survey of pension fund managers responsible for nearly $2 trillion worth of assets shows asset allocation decisions are being driven by a focus on climate change and a search for yield.
Insurers talk big, spend small with diverse asset management firms
The largest American insurance companies have uneven track records with diversity when it comes to selecting asset managers.
New ETF centers on carbon trading futures
The Carbon Strategy ETF, which is listed on NYSE Arca, will hold futures contracts on carbon allowances in emissions trading systems in Europe and North America.
US SIF CEO Lisa Woll to step down
Woll has been the face of one of the most prominent organizations supporting sustainable investing for 16 years.
Democratic state treasurers blast anti-ESG counterparts
A group of 13 signed an open letter that calls out moves against ESG criteria being used in investing public money as politically motivated.
Gensler stands ground on climate disclosure despite lawmaker concerns
The top Republican on the Senate Banking Committee pressed the SEC chair to scrap an agency proposal to require climate reporting by public companies.
J.P. Morgan adds three active ETFs with ESG themes
The firm's other active sustainable exchange-traded fund, Climate Change Solutions, launched in 2021.
Fintech Bytes: Cetera using Broadridge’s new tech, Orion reorganizes
A roundup of the week's fintech news includes Cetera's adoption of Broadridge's new digital communications tool, Orion's reorganization and Morningstar's attempt to make sustainable investing more engaging.
Sustainable funds market to grow 150% by 2025
The industry is looking at younger clients with a focus on millennials and Gen Xers for ESG growth and future investment.
Putnam hires ESG leader from BofA
Jackie VanderBrug has been appointed Putnam’s head of sustainability strategy, reporting to CEO Robert Reynolds.
BlackRock tells GOP states it ‘does not boycott’ energy
A group of 19 state attorneys general had demanded answers from the asset manager about ESG.
BlackRock and its ESG woes
The firm, which ramped up its presence in the ESG world over the past few years, can’t seem to please everyone, despite its efforts.
Seasonal sadness linked with ESG preferences
Lower moods are linked with risk aversion, and that might drive people to sustainable funds.
Pensions ahead of ESG funds on proxy votes
Compared with general shareholder votes, defined-benefit programs were much more likely to support resolutions around ESG governance and worker protection.
Calamos plans ESG fund named after NBA star
The fund, bearing the name of Milwaukee Bucks power forward Giannis Antetokounmpo, would exclude fossil fuels, mining and other activities.
ESG industry begins to defend against woke investment critics
Amid a growing anti-ESG movement, sustainable investors want to correct misinformation.
