Industry News: ESG5

Canada Has a Lot of Catching Up to Do on Sustainable Growth, Says Panel


Yahoo! News: The federal government's Expert Panel on Sustainable Finance says Canada has a long way to go to achieve sustainable growth — and its final report says financial markets will play a fundamental role in unlocking that economic potential.


JPMorgan Pays Record Settlement Over Paternity Leave


Financial Times: Wall Street dads have secured a historic $5m settlement with JPMorgan Chase over the bank’s failure to uphold policies giving men and women equal access to parental leave.

Canada's Venture Capitalists: A Gender Gap


All About Alpha: Female Funders, a program within the venture capital company Highline BETA, with offices in both Canada and the United States, has produced a new Women in Venture report, which works with data gathered from more than 300 VC firms and corporate venture arms in both countries “to try to paint a clearer picture of the state of gender in venture capital.”


Blackstone Hires Goldman Alum for New Social Good Initiative


Bloomberg: Blackstone Group LP hired Tanya Barnes, a former managing director at Goldman Sachs Group Inc., to lead a new impact investing strategy, as pension plans and other institutions seek to put money into more businesses with social and environmental benefits.


KKR Partners With Harlem Capital to Enhance Diversity


The Wall Street Journal: One of the private-equity industry’s biggest buyout firms has partnered with a fledgling venture firm to help it access a more diverse talent pool, in terms of both race and gender.

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CalSTRS Tackles Opioid Crisis


Chief Investment Officer: The California State Teachers’ Retirement System (CalSTRS) is taking a role in engaging corporate boards and management of opioid manufacturers, distributors, and pharmacy retail chains it owns in its $115.5 billion global equity portfolio, shows a new pension system report.


New York State Pension CIO Opposes Fossil Fuels Divestment Bill


Institutional Investor: New York State Common Retirement Fund’s interim chief investment officer is against the state’s proposed bill that would require it to divest from fossil fuels.


Responsible Investing Faces Some Challenges Says Desjardins


Wealth Professional: An increased focus on ESG issues is clear and Canadian investors are showing greater interest in responsible investing; but there are challenges according to Desjardins.

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NY State Common’s Climate Plan


Top 1000 Funds: What would be the implications of a large number of global asset owners attempting to become 100% sustainable by 2030?

This is an important question and opportunity emerging out of the work we did over the past year as members of the New York State Common Decarbonization Advisory Panel whose recommendations were just released this week in a 38-page report.


Viewpoint: Boston Must Divest from Prisons, Reinvest in its Values


Boston Business Journal: Despite struggling with deep-seated racial tensions locally, in 1984 Boston passed legislation prohibiting the city’s investment in companies doing business with South Africa’s apartheid state. More than three decades later, social-justice advocates are once again hoping to use divestment to address racial injustice, this time occurring right here in the U.S.

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