Watch breaking news videos and read news updates about ESG on pionline.com
Steps to deal with emerging risks of stranded assets
trueChanges in environmental regulations and technologies could quickly erode the value of assets in various sectors including energy and real estate. Ben Caldecott, a professor at Oxford University, offers steps to deal with emerging risks of so-called "stranded assets."
France's FRR hires 2 for ESG, adds 3 to transition manager roster
trueFonds de Reserve pour les Retraites hired BNP Paribas Asset Management and Kleinwort Benson Investors to manage €150 million ($203 million) each in environmental, social and governance investments.
Callan: One-fifth of institutional investors incorporate ESG into investing
trueOnly about one-fifth (22%) of U.S. institutional investors incorporate environmental, social and governance strategies into their investment decision-making, with only an additional 7% considering it, according to a new survey conducted by Callan Associates.
Calvert Investments hires director of institutional sales
trueMichael L. Davis was named director of institutional sales at Calvert Investments.
Norway mulls handing over divestment decisions on $577 billion fund to central bank
trueNorway's Government Pension Fund Global, Oslo, should delegate decisions on divestment to Norges Bank Investment Management, which manages the 3.3 trillion Norwegian kroner ($577.4 billion) fund, according to a set of recommendations in a report released Monday.
Oracle shareholders reject executive pay, again
trueOracle Corp. shareholders rejected the pay packages of CEO Larry Ellison and other executives, hewing to the calls by institutional investors and a proxy adviser that said their compensation is out of sync with the company's performance.
Rhode Island votes to divest from gun distributor owned via private equity funds
trueRhode Island State Investment Commission voted unanimously to begin the process of divesting from gun distributor United Sporting Cos., confirmed Joy Fox, spokeswoman for state Treasurer Gina Raimondo, who oversees the commission.
Brown University decides against divesting from coal
trueCorporation of Brown University, Providence, R.I., opted against divesting from coal-related companies at its Oct. 26 meeting.
Group of institutional investors urges top oil, power companies to tap clean energy
trueA group of 71 institutional investors worldwide launched a coordinated effort targeting 45 of the world's top fossil fuel and power companies, calling on them to shift to greener energy sources or return capital to shareholders.
Florida to use MSCI's ESG analytics
trueFlorida State Board of Administration contracted with MSCI to incorporate its ESG analytics into the system's corporate governance analysis.
Wiltshire Pension Fund wants ESG proxy voting adviser
trueWiltshire Pension Fund, Trowbridge, England, is searching for a firm to provide advice on environmental, social and governance issues for proxy voting purposes.
AP4 seeds Northern Trust environmentally focused emerging markets fund
trueAP4 will seed an emerging markets equity fund that excludes companies with high greenhouse gas emissions and companies with extensive reserves of fossil fuels.
Standard Life appoints new head of SRI, adds staff
trueAmanda Young was named head of sustainable and responsible investment at Standard Life Investments.
Merck, Qualcomm, UPS tie at No. 1 in corporate disclosure, accountability rankings
trueMerck, Qualcomm and United Parcel Service topped the rankings in the CPA-Zicklin Index of Corporate Political Accountability and Disclosure, released Wednesday.
SRI trades gaining prominence in global custody
trueGlobal custodians are seeing a surge of interest, particularly among public pension plans, looking for trade-monitoring services for socially responsible investments, spurred in large part by concern over international events like the Syrian civil war.