We are now publishing our ESG links on a monthly basis. You can check out the previous set of links including a look at just how good emissions data is on a company-by-company basis.
Quote of the Day
"In the end, the uncertainties around our forecasts are so much bigger than any constraints that modern ESG investing may put on our portfolios."
(Joachim Klement)
Chart of the Day
Which fund managers have been the most supportive of climate-related shareholder resolutions.
Podcasts
- Nate Geraci goes in-depth with MSCI’s Guillermo Cano and iShares’ Sarah Kjellberg on ESG investing. (etfstore.com)
- Dan Otter and Scott Dauenhauer talk about the nuances of ESG investing with Joey Fishman. (teachandretirerich.libsyn.com)
- Michael and Ben talk with Brie Williams of State Street Global Advisors about the momentum behind ESG investing. (animalspiritspod.libsyn.com)
Ratings
- A good ESG rating does not a company has clean environmental record. (ft.com)
- A big leap forward for ESG investing would be integrated accounting and sustainability standards and reporting. (hbr.org)
Gender equity
- 2020 was not a good development or gender equity in VC funding. (news.crunchbase.com)
- The gender pay gap virtually disappears at female-friendly firms. (nber.org)
Blackrock
- Blackrock ($BLK) now says they will back more shareholder resolutions on climate. (ft.com)
- A profile of Larry Fink and Blackrock's ($BLK) efforts to-date on climate. (newyorker.com)
Energy
- A third of climate funds sold in the UK are invested in oil and gas companies. (ft.com)
- BP ($BP) bought a controlling stake in the largest U.S. producer of carbon offsets, Finite Carbon. (wsj.com)
Portfolio management
- On the use of ESG as a risk management tool. (allaboutalpha.com)
- How to think about the tracking error of an ESG-focused portfolio. (parametricportfolio.com)
ETFs
- ESG ETFs have seen record inflows in 2020. (wsj.com)
- The JPMorgan Carbon Transition ($JCTR) ETF has begun trading. (bloomberg.com)
Employees
- Half of the biggest 100 companies in the U.S. have agreed to release 'EEO-1 data' on the racial, ethnic and gender makeup of their workforce. (barrons.com)
- It's not just outsiders that are driving change at companies - employees are finding their voices as well. (ft.com)
Investors
- Norway's big sovereign wealth fund is going to publicly communicate how it will vote on shareholder resolutions. (ft.com)
- Earth Equity Advisors is launching an ESG-focused robo-advisor. (riaintel.com)
- Second generation wealthy are particularly focused on ESG. (ft.com)
Criticism
- Liam Denning, "One way to think about the ESG thing is in religious terms: Proselytizers target heathens, not the saved." (msn.com)
- ESG trends are going to take a long time to play out. (klementoninvesting.substack.com)
ESG
- High demand for green bonds makes more projects financially feasible. (wsj.com)
- Big Pharma would do well not be seen profiting off Covid vaccines. (ft.com)
- Concerns over Amazonian deforestation is an old one in Brazil. (ft.com)
- Investment consulting firms are overwhelmingly white. (institutionalinvestor.com)
