Will This Retired Lawyer Open the Floodgates of Divestment From Fossil Fuels? l Inside Climate News
by David Sassoon, June 8th, 2016
The money managers of university and non-profit endowments owe a debt of gratitude to a lawyer named Bevis Longstreth. He's hardly a household name, but an obscure book he published 30 years ago provoked a modernization of the legal definition of prudent investing that changed their lives for the better.
Department of Labor Bulletin Hampers Social Impact Investing l Insurance News Net
By: Juliette Fairley, April 7, 2016
- Advocates believe the Department of Labor (DOL) Shareholder Rights Bulletin will hamper the process of incentivizing and expanding social impact investing to include 401k plans. The bulletin implies that the act of voting or otherwise addressing long-term environmental, social and governance (ESG) risks are unrelated to the provision of benefits.
Trustees Now Under the Gun Over Environment, Social and Governance Issues in New Zealand l National Business Review
By: Fiona Rotherham, March 17th, 2016
- A leading responsible investment advocate believes Maori and community trusts in New Zealand should lead the way in matching a trust's social purpose with its investments.
By: Dennis Pavlich and Jocelyn Stacey, March 15, 2016
- Last month, the University of British Columbia Board of Governors rejected a student and faculty proposal that would have required UBC to forgo future investments in fossil fuel companies and divest from existing fossil fuel holdings within five years. Instead, the board approved the creation of a new Sustainable Future Fund that will stand alongside the university’s existing endowment funds. The authors discuss the understanding of the university’s legal obligations with respect to its endowment funds that underlaid the decision.
U.S. Regulatory Developments: What to Expect in 2016 l Morrison & Foerster LLP
December 14, 2015
- This articles reviews key regulatory developments from 2015 and how they may effect investors going forward in 2016.
Hampshire College Amends Investment Policy to Exclude Prison Industry l Hampshire College
November 24, 2015
- Hampshire College amended the language of its institutional investment policy this month to include a list of specific examples of industries not favored for investing. These include businesses that operate private prisons, private security, and surveillance companies; weapons manufacturers; and fossil fuels.
DOL Issues New Guidance on Economically Targeted Investments l The National Law Review
November 6, 2015
- The guidance clarifies that environmental, social, and governance factors may be relevant to a plan fiduciary’s evaluation of an investment’s economic merits.
Introduction to Institutional Investor Fiduciary Duties l Reinhart Boerner Van Deuren
By Keith L. Johnson, April 2, 2015
- Authored by Keith Johnson, a member of the IEN Steering Committee, this report is an introduction on fiduciary duty for institutional investors.