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Industry News: ESG5

Spotlight on Investors: The J.W. McConnell Family Foundation

John Wilson McConnell, a Canadian businessman and philanthropist, founded the McConnell Foundation in 1937. The Montreal-based organization seeks to address social, cultural and environmental challenges through the use of impact investing and philanthropic grants. As of December 31st 2017, the Foundation had CA $650 million of assets under management. 

The Foundation focuses on the following areas: Sustainable Food, Health, Arts and Culture, Entrepreneurship, Environment, Affordable Housing, Civic Assets, Energy, Water and Indigenous Communities. By 2020, the McConnell Foundation seeks to invest 10% of its assets in impact investments. The organization invests for impact in two ways: Mission-Related Investments (investments aligned with the Foundation's mission and expected to have market or above-market returns) and Program-Related Investments (investments that further specific program objectives and that have a tolerance for below-market returns).

Impact Investing: Due Diligence Guide Part 1

Global Sustainable Investments Rise 34 Percent to $30.7 Trillion

2019-04-01

Bloomberg: Global socially responsible investments grew by 34 percent to $30.7 trillion over the past two years, lifted by Japanese pension funds, retail investors everywhere and broad, growing concern about climate change.

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Impact Investment Universe Grows to $502bn

2019-03-31

Financial Times: The global impact investment market is worth more than half a trillion dollars, according to the most comprehensive study to date of one of the fastest-growing areas of asset management.

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Global Impact Investing Network Publishes Standards Guide

2019-04-03

Opalesque: The Core Characteristics, which have been developed with input from leaders across the impact investing industry, will help investors understand the essential elements of impact investing, define the credibility of their practices, and consider the quality of the practices of potential investment partners.

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Navigating the Complexities of Social Impact Bonds for the SDGs

2019-04-04

UNDP: The potential of social impact bonds (SIBs) to contribute to an estimated US$2.5 – 3 trillionin annual investment for the UN’s Sustainable Development Goals (SDGs) has attracted increased attention over recent years.

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ESG: The Missing Dimension in Risk Management

2019-04

IPE: ESG is on everybody’s lips these days but there are still no generally accepted standards as to what it really entails – or even what it means. Moreover, today’s investment management norms in a benchmark-focused world still materially constrain ESG actions.

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Companies Face Mini-wave of Plastic Pollution Proposals

2019-04-05

IR Magazine: Petrochemical companies are facing pressure to disclose incidents where they have spilled plastic into the ocean, which leads to what is said to be a major source of pollution.

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Norway SWF Gets Green Light for up to €18bn in Renewables

2019-04-05

IPE: The Norwegian government is allowing the country’s NOK9trn (€932bn) sovereign wealth fund (SWF) to invest up to 2% of the fund’s value in unlisted renewable energy infrastructure.

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Investment Association Reveals UK Gender Pay Gap Challenges

2019-04-02

IR MagazineWith the government’s gender pay gap reporting deadline of April 4 only two days away, UK asset management trade body the Investment Association (IA) has today launched a new report that looks into the make-up of the gender pay gap in the asset management sector.

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Bank Boards Told to show More Discretion on Executive Pay

2019-03-28

The Sydney Morning Herald: Amid disagreement between investors over how best to structure executive pay packets, company directors say the regulator may need to help boards withstand short-term pressure from investors by encouraging a more "holistic" view of pay and performance.

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