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Alliant shareholders reject firearms safety proposal filed by 2 pension funds
trueAlliant Technologies Inc. shareholders Wednesday rejected by a 92.3% vote a shareholder proposal on firearms safety filed jointly by the New York State Common Retirement Fund and the Connecticut Retirement Plans & Trust Funds, a company SEC filing shows.
Morningstar exec urges fossil fuel write-down
truenvestors should write down the value of fossil fuel assets because of the environmental risks associated with hydrocarbon energy, even though there is no current viable replacement, Jason Stevens, director, energy equity and credit research at Morningstar, said at a CFA Institute financial analysts ...
truePolicies vary when it comes to ESG, but some institutions are leading the way.
ESG factors gaining global exposure
trueInstitutional investors across the globe are becoming more aware of the environmental, social and governance effects both of, and on, their investment choices.
Croydon Pension Fund divests tobacco stocks
trueLondon Borough of Croydon Pension Fund, Croydon, England, is divesting its stock in tobacco companies following a decision to move to an ethical investment fund.
Investors' paths diverge on fossil fuels
truePublic pension funds are lagging behind endowments and foundations in divesting investments in fossil-fuel companies choosing instead to engage energy companies through discussions and shareholder resolutions.
Carlson finds creating SRI version relatively painless
trueVeteran hedge fund manager Clint Carlson is no softie. But he does have an affinity for socially responsible investing — as long as it makes money.
MSCI buying GMI Ratings to integrate ESG and accounting research
trueMSCI Inc. will acquire GMI Ratings for $15 million in cash under a definitive agreement between the two companies, they announced Friday.
Northern Trust Asset Management appoints global head of ESG investing
trueMamadou-Abou Sarr was named global head of ESG investing at Northern Trust Asset Management.
ERAFP wants SRI equity, bond managers
trueERAFP is searching for eight money managers to run a total of at least €2.9 billion ($3.85 billion).
University of Dayton to divest from fossil-fuel companies
trueThe University of Dayton board of trustees approved a new divestment policy that will start with the divestment of coal and other fossil-fuel companies from the institution's $670 million investment pool
Calvert Investments CEO to step down at end of year
trueBarbara J. Krumsiek will step down as president and CEO of Calvert Investments, effective Dec. 31, spokeswoman Annie Cull said.
NYC Retirement Systems reaches disclosure agreement with IBM, 4 other companies
trueNew York City Retirement Systems withdrew proxy proposals at International Business Machines Corp. and four other companies after reaching agreements on supply chain sustainability disclosures.
Wespath adds managing director to lead ESG oversight team
trueKirsty Jenkinson was named managing director of corporate relations and sustainable investment strategist at the Wespath Investment Management division of the General Board of Pension and Health Benefits of The United Methodist Church.
Stanford endowment plans to divest from coal companies
trueStanford University Board of Trustees decided the school will not directly invest endowment funds in about 100 publicly traded companies that extract coal for energy generation, said Brad Hayward, spokesman for the Palo Alto, Calif.-based university.