Six Wall Street banks are being pressed by a group of shareholders to move faster on reducing their financing of fossil fuels to meet global climate goals.
The US Securities and Exchange Commission is taking its biggest step yet to stop money managers from misleading investors when they claim their funds are focused on environmental, social or governance issues.
The same morning Russia invaded Ukraine, the people running the Church of England’s $5 billion pension fund decided they’d seen enough, and quickly went to work to clear their portfolio of Russian investments.
For all the kudos that pension plans and other asset owners get for joining groups that pledge to reduce their carbon footprints, most aren’t directly voting on climate resolutions at annual shareholder meetings.
There’s a veteran of ESG investing who can’t wait for tougher regulations to stamp out the false claims by fund managers in the $35 trillion industry he helped champion.
An Amazon.com Inc. institutional investor is pushing the world’s largest online retailer to conduct an audit on racism and diversity. Three other shareholders want Amazon to name a worker to its board.
George Serafeim wants to revolutionize the way businesses calculate their success.
The 62-year-old has been taking the world of business and finance to task for its role in systemic racism for longer than most. Now she and her team have hatched a new game plan.
While such investors are generally small in terms of assets under management, they raise issues that are often backed by larger investment firms.
The CEO of one of the oldest responsible-investing firms says ending racism in America is a responsibility of corporations and that his company will press them to disclose information about their racial diversity.
Some pension funds will hold it against asset managers that tapped emergency U.S. government money designed for struggling small businesses.
The market for funds that focus on environmental, social and governance investment principles has ballooned in recent years with more than 1,000 opening since 2015.