30 05, 2019

New disclosure rules adding to pressures on U.K. plan trustees

2019-05-30T14:21:35-07:00May 30th, 2019|Categories: ESG|Tags: , |

Outsourcing could see an uptick in the U.K. as pension trustees grapple with even more scrutiny as a result of new and upcoming regulations. The job of a U.K. trustee has become much more complex in recent years because of an increase in governance risk and time spent on decision-making processes as well as a growing need for technical knowledge, which trustees, who are elected from the workforce, typically don't have. But that burden is set to increase again, [...]

4 12, 2018

Companies must address ESG issues to be deemed trustworthy by investors

2018-12-04T16:32:16-07:00December 4th, 2018|Categories: ESG|

Most institutional investors demand public companies address environmental, social and governance issues to be regarded as trustworthy, said a survey released by Edelman. Results of the second annual Edelman Trust Barometer Special Report: Institutional Investors show that 89% of investors have changed their voting and/or engagement policy to be more attentive to ESG practices, with 63% reporting that this change has taken place in the past year. "It's plain as day that ESG is a major criteria for investors," [...]

6 09, 2018

ESG Investing: A Blue Ocean For Corporate Employer-Sponsored Retirement Plans

2018-09-06T15:44:19-07:00September 6th, 2018|Categories: ESG|Tags: |

The Retirement Market: An Ocean Of Opportunity The executive order on retirement savings, which President Trump signed on Friday, shines a spotlight on corporate-sponsored retirement plans.  The $28.0 trillion U.S. retirement market offers opportunities for growth in environmental, social and governance (ESG) assets under management (AUM), particularly among corporate-sponsored retirement plans. 60% of corporate plan sponsors that participated in a recent NEPC survey indicated that they were not interested in incorporating ESG investing, which means considering ESG factors in both investment decisions and ownership policies and practices. Of plan [...]

4 09, 2018

More institutional investors putting money on ESG

2018-09-04T16:44:09-07:00September 4th, 2018|Categories: ESG|

ESG investing is growing in the U.S. among institutional investors, with issues such as climate change, gender diversity and weapons distribution garnering significant attention. Institutional assets invested under environmental, social and governance principles in the U.S. totaled $4.73 trillion at the start of 2016, a 16.9% increase from 2014, according to the U.S. SIF Foundation, Washington, which surveys investors every two years. While results from the foundation's 2018 survey won't be available until November, a more recent Callan LLC survey found [...]

20 04, 2017

‘Hipsters of Portland’ inspire new investment fund

2017-04-20T00:11:41-07:00April 20th, 2017|Categories: ESG|Tags: |

A New York City wealth management firm has launched a new investment product inspired by the “socially conscious hipsters of Portland,” according to a news release. Ritholtz Wealth Management’s “Portland Portfolio” will focus on investments that tread lightly on the environment and meet strong social and corporate governance standards, a strategy often referred to as ESG (environmental, social, governance). […]

20 01, 2017

Labor Department Restates Fiduciary Voting, ESG Considerations

2017-01-20T19:04:12-07:00January 20th, 2017|Categories: ESG|Tags: |

Apparently concerned that its previous guidance on the matter of social investing hadn’t been sufficient to overcome fiduciary resistance, the Labor Department has issued new guidance on the matter. The guidance was broader than that, of course – the DOL’s “Interpretive Bulletin Relating to the Exercise of Shareholder Rights and Written Statements of Investment Policy, including Proxy Voting Policies or Guidelines” was intended to clarify the agency’s “longstanding position is that the fiduciary act of managing plan assets which [...]

20 01, 2017

New Guidance Restores 1994 ERISA Proxy Voting Interpretation

2017-01-20T18:54:39-07:00January 20th, 2017|Categories: ERISA, ESG|Tags: , |

The DOL bulletin also clarifies the ability to consider ESG factors in proxy voting and shareholder engagement. On December 29, 2016, the Department of Labor (DOL) issued Interpretive Bulletin 2016-1 (IB 2016-1), addressing how the Employee Retirement Income Security Act’s (ERISA’s) fiduciary responsibility rules apply to proxy voting, maintenance and compliance with investment policy statements, and active engagement with corporate management by plan fiduciaries, as well as other legal rights of shareholders. […]

20 01, 2017

ESG Investing Momentum Grew in 2016

2017-01-20T18:49:23-07:00January 20th, 2017|Categories: ESG|Tags: |

Following regulatory changes enacted late last year, 2016 saw an increased interest in investments chosen with environmental, social and governance (ESG) considerations. ESG investing assets climbed to $8.72 trillion in the United States, according to a recent report by U.S. SIF, the research and advocacy organization supporting ESG and sustainable and responsible investing (SRI). This hike marked a 33% increase from 2014. Today, ESG components extend far beyond a company’s environmental footprint to include its record on labor standards, human [...]

18 08, 2016

CalPERS adopts first-ever ESG policy plan

2016-08-18T21:46:24-07:00August 18th, 2016|Categories: ESG|Tags: |

California Public Employees’ Retirement System’s board of administration adopted a new environmental, social and governance five-year strategic plan, according to the pension fund. The new plan names six strategic initiatives to support the American public pension fund’s efforts in sustainable investing. One initiative is specifically centered on private equity, focusing on private equity fee and profit-sharing transparency through the industry adoption of the Institutional Limited Partners Association’s fee-reporting template released at the beginning of the year. […]

1 12, 2015

ESG Investing

2015-12-23T22:51:21-07:00December 1st, 2015|Categories: ESG|

ROUND TABLE ESG (Environmental, Social and Governance) is attracting growing investor interest and assets. Three leading practitioners – Sandra Carlisle, Head of Responsible Investment at Newton Capital Management in London; Mary Jane McQuillen, Managing Director, Portfolio Manager and Head of the ESG Investment Program at ClearBridge Investments in New York; and Dawn Wolfe, Director, Responsible Investing at BMO Global Asset Management headquartered in Chicago — explain their firms' philosophies, processes and methods of engagement. They share their view that social good and financial good are converging. P&I: There [...]

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