RBC Global Asset Management (RBC GAM), Northern California Grantmakers, Southern California Grantmakers, and San Diego Grantmakers, have launched the Philanthropy California Investment Collaborative, an impact investing initiative that will support homeownership, job creation, small business growth, and increased access to affordable rental housing, healthcare and education.
ESG & Responsible Investing
One year after 235 investors called for action from companies to halt deforestation in the Amazon, just 33 of them have introduced zero-deforestation policies of their own.
Investor demand for new actively-managed environmental, social and governance (ESG) funds is growing, and a report from Broadridge Financial Solutions documents that interest is shifting towards funds that employ best-in-class positive screening, thematic, and outcome-oriented funds.
Citi has begun a collaboration with Truvalue Labs, a provider of AI-driven environmental, social, and governance (ESG) data, to accelerate its ESG research initiatives and to analyse company ESG behaviour at scale.
Institutional asset manager KBI Global Investors (‘KBIGI’) is one of the companies taking part in the newly launched ‘50 Sustainability & Climate Leaders’ campaign.
Over the next 10 years, MetLife has committed to reduce its location-based greenhouse gas (GHG) emissions by 30 per cent from 2019 levels, originate USD20 billion in new MetLife Investment Management (MIM)–managed green investments, and allocate USD5 million to develop products and partnerships that drive climate solutions.
European ESG stocks continue to see a “tidal wave” of inflows, but the levels of capital flooding in to certain stocks has far surpassed the fundamental outlook for the stocks, leaving investors’ at risk of losses, according to RWC Partner’s Graham Clapp.
Social and Sustainable Capital acquires Leapfrog Bridge Finance to expand community energy investment activity
Social and Sustainable Capital (SASC) and low carbon investor Pure Leapfrog have sold Leapfrog Bridge Finance (LBF), Pure Leapfrog's finance arm.
New report unmasks financial institutions failing to deliver on ‘corporate stakeholder purpose’ declarations
Companies that have promised publicly to run their business for the benefit of all stakeholders have handled the Covid-19 crisis and social and racial inequality worse than companies with no such commitment, a new report from The Test of Corporate Purpose finds.
Netherlands-based asset manager Robeco has taken an important step in its sustainable investing approach with the decision to exclude investments in thermal coal, oil sands, and Arctic drilling from all its mutual funds by the end of the year.