Wealth Inequality and The Fallacies of Impact Investing l BALLE
- In this article, Rodney Foxworth, the Executive Director of The Business Alliance for Local Living Economies (BALLE), discusses how if we’re truly motivated to deconstruct the wealth inequalities that have ravaged and extracted wealth from rural, indigenous, and majority people of color communities, then we must rid ourselves of the power dynamics, biases, and culture that got us here in the first place.
City Officials Want Chicago to Become a Responsible Investor l The Wall Street Journal
- Officials in the nation’s third-largest city want to make a company’s record on issues such as water usage, labor rights and diversity as important as creditworthiness when deciding how to invest its $8 billion operating budget. Chicago Treasurer Kurt Summers is seeking permission from the city council to use ESG factors to inform investment decisions. Legislation proposed Wednesday would amend the city’s current investment policy to allow for the ESG changes.
Bipartisan Bill Gives US Development Finance a Boost l Devex
- A bill creating a new, expanded United States development finance agency was introduced this week in the U.S. Congress. The Better Utilization of Investment Leading to Development, or BUILD Act, will create a new agency that will combine the several private sector oriented parts of the U.S. Agency for International Development, as well as expand U.S. development finance capabilities. The new agency will have the ability to make equity investments, have a higher spending cap, and have a grantmaking facility for project development and technical assistance.
Bloomberg Brief l Sustainable Finance
- This week's Bloomberg Brief highlights how Florida teachers reacted viscerally last week to news that their pension fund invests in gun companies; What to watch in the 2018 proxy season; and the CEO-to-worker pay ratio finally sees daylight, bringing changes for shareholders, employees and even consumers, says Sarah Anderson of the Institute for Policy Studies.
Could Sustainable Investing be the Best Way to Tackle Climate Change? l World Economic Forum
- This article outlines how as individuals, our ability to steer our pensions and savings is a powerful way of solving the climate change puzzle, and describes the reasons the author suspects it is left out of the conversation: because for most people it’s still intangible and not well understood, and because calculations needed to measure the impact of this solution are not easy to come by.
Emerging Sustainability Accounting and Investment Methodologies Dig Deep l Environmental Leader
- Investors frequently assess companies based on their sustainability data, but corporations currently lack a standardized and widely accepted framework to share that information. As major fund providers like Vanguard, State Street, and BlackRock push for better ESG disclosures, this article explores how new methodologies are emerging.
The Future of Water l March 2018 Green Money Journal
- Water is a systemic risk to investors, as in many parts of the United States and other areas of the world this precious resource is in danger. Investors and stock market players should be deepening their research and investment process to tackle water risks, often hidden in holdings across all asset classes. This edition of Green Money Journal explores this topic.
Navigating the ESG Maze: How Can Companies and Investors Improve Environmental Disclosure? l Business Green
- This article explores how even though interest in ESG, climate risk, and TCFD guidelines is growing, many businesses and investors remain unsure over precisely how to coordinate on disclosing crucial environmental data.
Institutional Investors Focusing on Alternative Investments, ESG and Risk Management, Says Natixis Survey l Institutional Asset Manager
- Volatility finally roared back to abnormally tame markets, but most institutional investors were already bracing for impact; their efforts to diversify and build durable portfolios should now pay off, according to new survey findings released by Natixis Investment Managers.
Social Returns Just As Important for Millennials l Investopedia
- The Millennial generation includes 75 million Americans and they are projected to have a collective inheritance of $41 million from their Baby Boomer parents. A study by the Spectrum Group measuring the scope and influence of impact investing on various generations found that nearly half (49%) of Millennials with a net worth exceeding $1 million identified social responsibility as a major factor in choosing an investment. That compares to 43% for Generation X, 34% for Baby Boomers, and just 27% for seniors.