We are now publishing our ESG links on a monthly basis. You can check out the previous set of links including a look at the use of ESG as a portfolio risk management tool.
Quote of the Day
"I believe that in coming years more of the large pension funds are only going to be investing in sustainable, customized indexes...I think you are going to see huge movement away from the standard indexes."
(Larry Fink)
Podcasts
- Meb Faber talks resources and climate change as an investment strategy with Lucas White, a portfolio manager at GMO. (mebfaber.com)
- Roben Farzad talks with venture capitalist Josh Felser about sustainable investing. (podcasts.apple.com)
- Jason Mitchell talks with Prof. Campbell Harvey about sorting out competing ESG claims. (man.com)
Factors
- You can't talk about ESG fund performance without taking into account differential factor loadings. (tandfonline.com)
- Many ESG portfolio factor bets are unintentional. (abwinsights.com)
- Properly measured, ESG funds don't generate much in the way of alpha. (advisorperspectives.com)
Portfolio management
- Seven questions to answer when building an ESG strategy. (blogs.cfainstitute.org)
- It's harder than it looks - why ESG funds fail to scale. (institutionalinvestor.com)
- How can, and should, an asset manager integrate ESG data into their research process? (blogs.cfainstitute.org)
Funds
- 2020 was a good year for sustainable mutual fund (relative) performance. (morningstar.com)
- ESG ETF assets tripled in 2020. (ft.com)
Credit
- 2021 is setting up to be a big year for green bond issuance. (ft.com)
- Climate risk is already being priced into bank loans. (klementoninvesting.substack.com)
- A primer on Community Development Financial Institution loans. (morningstar.com)
- Lower cost funding is available to commodity producers who are able to lower carbon output. (wsj.com)
Finance
- Wall Street has embraced the profit opportunity in mitigating climate change. (ft.com)
- Capital pouring into 'green stocks' will accelerate the shift to clean energy. (wsj.com)
Gender
- Why aren't there more female CFOs? (ft.com)
- Female academics were disproportionately affected by the pandemic. (papers.ssrn.com)
- Roz Brewer will be the only black female leader of a Fortune 500 as CEO of Walgreens Boots Alliance ($WBA). (fortune.com)
Companies
- Walmart ($WMT) is popping up, in a good way, on more ESG screens. (barrons.com)
- Antibiotic resistance has become an issue for shareholders of Big Food. (ft.com)
- A list of America's most responsible companies has HP at the top. (visualcapitalist.com)
ESG
- Christopher Hohn of TCI Fund Management is bankrolling a campaign to get companies to commit to reducing carbon emissions. (wsj.com)
- Nuveen is buying Glennmont Partners, a European firm that specializes in clean energy investments. (institutionalinvestor.com)
- Big corporations are spending hand over fist on renewable energy contracts. (axios.com)
- A profile of Nicolai Tangen who now heads Norway's sovereign wealth fund. (ft.com)
- Investing in China? Focus on ESG. (barrons.com)
- A review of "Investing to Save the Planet. How Your Money Can Make a Difference" by Alice Ross. (ft.com)
