Shame-based investment strategies yoked to simplistic environmental, social and governance (ESG) scoring systems have come under fire in a new report from UK data analytics firm, Util.
If negative screening worked, stocks in the sin bin should have lower firm valuations, higher future stock returns, and delist more often. They don’t.
Recent market moves won’t be the end of ESG, but it’s as good a time as any to remind investors that there’s more to it than exclusion.
The investment arm of State Street has forecast a bonanza ahead for environmental, social and governance (ESG) investment service providers as the sector explodes into the mainstream.
While the best financial interests’ duty (BFID) has seen some super funds think twice about ESG,
reconciling ESG and responsible investment with best financial interests’ duty isn’t the hurdle some think.
Specialist UK-based impact investment firm, WHEB, has upped its fund turnover amid recent market volatility, according to associate portfolio manager, Victoria MacLean.
BlackRock has flagged an ESG-lite agenda ahead of the 2022 corporate proxy-voting season.
The recent surge in demand for fossil fuels doesn’t mean the green energy revolution is dead. But investors need to proceed with caution lest they lose their mandate to manage the transition. There are two schools of thought on what Russia’s invasion of Ukraine means for fossil fuel production and consumption. Either it will hasten…
Regulators won’t be able to scrub out environmental, social and governance (ESG) ‘greenwashing’ in the investment industry, according to influential US finance academic, Aswath Damodaran. In a blistering attack on the ESG investing sector last month, Damodaran says greenwashing – or falsely marketing funds as sustainable (or the like) – is an indelible feature of…
The cult of the benchmark is alive and well in global financial markets – and it’s probably doing more harm than good when it comes to ESG investing. ESG has leapt from the fringes of the financial services to widespread acceptance in just a handful of years. But markets tend to act as myopic, short-term…
Larry Fink wants to make capitalism a force for good. A new proxy advice initiative could be one step in the right direction. Stakeholder capitalism is not about politics,” writes BlackRock CEO Larry Fink in his 2022 letter to CEOs. in his It is not a social or ideological agenda. It is not “woke.” It is…
Acacia Money, a fintech start-up which has embraced major consumer and market trends in financial services, this week takes its next big step through the launch of a ‘super solutions’ component of its offering. Armed with data from Chant West and aggregator Yodlee, the savings and wealth management platform launched in August will now incorporate…