ESG
The regulatory body proposed amendments to rules and reporting forms for investors to categorize certain types of ESG strategies broadly and require funds and advisers to provide more specific disclosures based on the ESG strategies they pursue.
Massachusetts Treasurer Deborah Goldberg is calling on the state’s legislature to divest its $101.5 billion Massachusetts Pension Reserves Investment Management Board from guns and ammunition for civilian use.
The new partner and global head of ESG will oversee and develop the firm’s established ESG strategy.
The university has added two commitments as part of its initiative to invest 5% of its portfolio in impact investments, while reducing the carbon footprint of its portfolio over the last two years.
The strategy will focus on investing in growth-stage businesses with proven technology and mission-driven management teams in the areas of planetary health, people health and financial inclusion.
An investment advisor has agreed to a cease-and-desist order, censure and a $1.5 million penalty to settle charges with the Securities and Exchange Commission, which found the firm made misstatements and omissions about ESG considerations in its mutual funds.
As institutional investors increasingly embrace ESG investing and net-zero carbon emissions goals, suitable investment options have not kept pace, according to a recent report.
A university based on the West Coast is considering a clean energy allocation and fossil fuel divestment.
Upcoming bill discourages private colleges and universities with endowments of over $1 billion from investing in entities that have been deemed an unacceptable national security risk.
Firm’s inaugural environmental sustainability fund closes with more than $200 million in committed capital.
