Bloomberg Briefs l Sustainable Finance
- This week's Bloomberg Brief highlights how sovereign wealth funds created by big oil riches are readying new bets on renewable power; Wind investment is up in the first half of the year but solar slowed; and companies and investors are finding more common ground on shareholder proposals.
New Jersey Making Big Push on ESG Investing l Chief Investment Officer
In March, New Jersey withdrew its holdings in all automatic and semi-automatic firearms companies, following a nationwide divestment pattern in pension plans after a mass of shootings. In recent months, it also pressured two private equity firms against foreclosing on Puerto Ricans affected by Hurricane Maria and told Target not to work with trucking companies that see their drivers as contractors rather than employees. This is just one step in an ESG policy the Garden State is working on for its pension investments; it also aims to tackle corporate governance reforms.
Catholic Super CEO Heads Up Sustainable Investment Talks With Global Leaders in Rome l Catholic Outlook
- Global leaders in the Catholic and business community converged in Vatican City last week for the 3rd Rome Roundtable, cementing actions to make the world’s economy fairer and more sustainable. Catholic Super CEO Frank Pegan, who represented the investment community at the meeting in his capacity as Chair of the Investor Group on Climate Change (IGCC), said the premier global meeting sought to strengthen the notion of ‘co-operative globalization’ to achieve more sustainable prosperity around the world.
Sustainable Heros - Green Leaders in Focus l Greentech Capital Advisors
- This magazine highlights leaders in the sustainability field, with this issue highlighting a corporate leader, an Arctic explorer, a highly admired policy builder, an innovative investor and an entrepreneurial foundation president - all of whom share the goal of creating a sustainable world that is more resilient as well as financially stable.
AI Is Helping Open ESG Investments to Quant Funds: Cerulli l Think Advisor
- According to the July edition of the Cerulli Edge, AI is enabling investors to access huge amounts of information from objective sources, bringing greater frequency, granularity, and real-time analysis to ESG investments. “The use of big data and AI is radically transforming data gathering,” Justina Deveikyte, associate director of European institutional research at Cerulli, said in a statement.
New Terrain: In Search of Social Justice Impact Investing l Inside Philanthropy
Impact investing is still a fledgling practice in mainstream philanthropy, but its popularity is growing in a big way. This article explores how, for many institutions, especially those with social justice missions, there are big questions about how exactly to execute a hugely varying set of tactics that get lumped under the same rubric of impact investing. One of those institutions is the Jessie Smith Noyes Foundation, a small and progressive family foundation with a strong mission for social change—and a $55 million endowment it’s trying to put to best use.
Catholic Relief Services Launches Water Project at Vatican Meeting on Impact Investing l National Catholic Reporter
- Regular access to clean water is a challenge for some 2.1 billion people around the world, and Catholic Relief Services, the U.S. bishops' overseas relief and development agency, has launched an impact investment project designed to help local communities improve their water and sanitation service.
The Remarkable Rise Of ESG l Forbes
- This article discusses how ESG investing has matured to the point where it can greatly accelerate market transformation for the better. As corporations and investors experience growing influence and power, their actions and decisions increasingly shape the future. Provided that political framework conditions based on openness and global rules do not deteriorate further, market-led changes will act as a force for good on a truly massive scale.
Europe’s Banks Move to Greener Finance in Response to Climate Change Risks l Insurance Journal
- This article highlights how some of Europe’s largest banks are unveiling plans to lend and manage money in greener ways as pressure mounts to account for risks associated with climate change.