Industry News: ESG5

S&P Dow Jones Indices to Launch Sustainable-Investment Index


The Wall Street JournalS&P Dow Jones Indices, a unit of S&P Global Inc., is launching an environmental, social and governance version of its S&P 500 index to meet increasing investor demand for sustainable-investment vehicles based on U.S. equities, the company said.


Fitting ESG into Portfolios


Advisor's Edge: Investing in lumber relates to multiple SDGs, including climate action, infrastructure, and sustainable consumption and production, she said in a Feb. 21 interview.


Neuberger Berman Announces Firm-Wide Climate-Related Corporate Strategy and Risk Analysis Capability


Morning Star: Neuberger Berman, a private, independent, employee-owned investment manager, announced that it had completed the implementation of the main recommendations of the Financial Stability Board's Task Force on Climate-related Financial Disclosure (TCFD).

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Goldman Sachs to Add Hundreds of Women to the Trading Floor


Financial News: Goldman Sachs is offering hundreds of new female recruits a one-year trial on its trading floors in an attempt to shake up its male-dominated workforce.


Why Diversity is Important at CalSTRS


Top 1000 Funds: The $214 billion fund for California teachers has been a leader on D&I in the investment industry, demonstrated through gender parity in its investment team and the publishing of an annual report on diversity for the past 10 years.


Global Inflows into ESG ETFs Steady in January


Advisor's Edge: Global inflows into environmental, social and governance (ESG) ETFs are steady month over month, with US$730 million making their way into these investments in January, according to London-based research firm ETFGI.

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American Sustainable Funds Outperform the Market


Economist: Sustainable investing, once a niche area of interest, has moved into the mainstream. Earlier this month a survey showed that 75% of American asset managers say their firms offer sustainable-investing strategies, which focus on environmental, social and governance (ESG) issues. Almost 90% of fund managers think it is no longer just a fad. Young investors are driving the surge in interest: more than three-quarters of high-net-worth millennial and Generation Z investors have their assets reviewed for ESG impact.


Companies Must Focus on Fair Pay, Decent Work Throughout Workforce: Report


Benefits Canada: While shareholders are focusing on executive compensation, they aren’t promoting fair pay and decent work throughout their companies, according to a new report by the Shareholder Association for Research and Education.


TMX Joins UN Sustainable Stock Exchanges Initiative


TMX: TMX Group announced that Canada's premier equities exchanges Toronto Stock Exchange and TSX Venture Exchange have joined the United Nations Sustainable Stock Exchanges (SSE) initiative to promote sustainability performance and transparency in capital markets.

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Diversifying Investments: A Study of Ownership Diversity and Performance in the Asset Management Industry


Knight Foundation: Research across a multitude of fields and industries has identified the potential economic and social benefits of diversity. Yet the asset management industry continues to struggle with a lack of diversity. Research studies and articles have consistently documented the low level of representation by women and racial/ethnic minorities among asset managers. Analyzing and exploring diversity in the asset management industry is vital given its sheer enormity and the wealth it generates ($69.1 trillion in assets under management and $99 billion in profits in 2016).


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