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Sustainable investing strategy AUM soars 61% in 2 years — report
trueAssets under management incorporating sustainability investment strategies reached $21.1 trillion globally as of the beginning of 2014, up 61% from the onset of 2012, said the “Global Sustainable Investment Review,” released Tuesday by the Global Sustainable Investment Alliance.
Passive strategies fail to get highest ESG ratings in Mercer evaluation system
trueMercer unveiled Monday a ratings system of passive investment management strategies to identify managers’ active stewardship practices to integrate environmental, social and governance risks.
BlackRock appoints new global head of impact investing
trueDeborah Winshel was named managing director and global head of impact investing at BlackRock.
trueThe market for green bonds — proceeds of which are used for projects with perceived positive environmental benefits — tripled in 2014.
5 companies to disclose political spending following New York State Common proposals
trueFive companies in the portfolio of the New York State Common Retirement Fund have agreed to disclose their political spending.
Conference speakers call on more long-term focus for sustainable investing
trueAn increased focus on the long term, less restrictive regulation and better education are needed before investment in sustainable development becomes a reality, said representatives from the money management and sustainable development industries at a conference Tuesday.
United Methodist manager launches passive ESG equity fund with BlackRock
trueWespath Investment Management launched a new passively managed ESG U.S. equity index fund, managed by BlackRock and benchmarked to the Russell 3000 index, the investments division of the Glenview, Ill.-based $21 billion General Board of Pension and Health Benefits of The United Methodist Church ...
Strathclyde Pension Fund engages firm for responsible investment overlay
trueStrathclyde Pension Fund hired Global Engagement Services to provide a responsible investment overlay service.
Shell endorses shareholder proposal on climate risk disclosure
trueRoyal Dutch Shell PLC on Thursday endorsed a shareholder proposal at the company filed by a group of global pension funds and other institutional investors calling for more disclosure by the company on climate risk.
Investor group calls on oil, gas companies to cut spending on finding fossil fuels
trueA group representing institutional investors called for oil and gas companies to cut back on capital spent to search for more fossil fuels over concerns about climate change risk, return capital to shareholders and pursue more clean energy projects.
Climate change a risk, not an uncertainty
trueInvestors should no longer categorize the climate change issue as uncertainty, that is, an issue whose impacts can't be quantified. Rather it should be categorized as a risk, in which impacts, particularly of government intervention, can be estimated.
University of Maine System divesting from coal companies
trueUniversity of Maine System is divesting all direct holdings of coal companies in its various investment pools.
Group of 16 U.K. pension funds publish responsible investment guide
trueA group of 16 U.K. pension funds, representing more than £200 billion ($300.9 billion) of assets, has thrown its weight behind a new guide to responsible investment.
ESG strategies largely absent from ETF landscape
trueAs the integration of passive strategies into institutional portfolios accelerates, another unequivocal trend — the consideration of environmental, social and governance factors in investment decisions — remains primarily a pivot point for more socially aware, active investment decisions.
United Methodist board issues investment guidelines on climate change, human rights violations
trueGeneral Board of Pension and Health Benefits of the United Methodist Church and the Wespath Investment Management division of the $21 billion pension fund announced on Thursday two new investment guidelines regarding climate change and countries involved with human rights violations.