We are now publishing our ESG links on a monthly basis. You can check out the previous set of links including a look at some of the contradictions of ESG investing.
Quote of the Day
“Stakeholder capitalism is not about politics...It is not ‘woke.’ It is capitalism.”
(Larry Fink)
Diversity
- How AllianceBernstein ($AB) is working to develop and retain female and ethnically diverse VPs. (institutionalinvestor.com)
- State Street Global Advisors is going to require companies have at least one woman on their boards to gain the firm’s support during the upcoming proxy season. (thinkadvisor.com)
- A Q&A with Amy Domini of Domini Impact Investments and author of "Thoughts on People, Planet and Profit." (morningstar.com)
- Diversity data is going to get more granular. (institutionalinvestor.com)
Funds
- The bigger the ETF world gets, the more attention their proxy voting record will get scrutinized. (etf.com)
- A Q&A with Rachel Robasciotti about how data drives the management of the Adasina Social Justice All-Cap Global ETF ($JSTC). (thinkadvisor.com)
- Vanguard is launching the Vanguard Baillie Gifford Global Positive Impact Stock fund. (citywireusa.com)
Carbon
- How to evaluate a company's carbon risk. (hbr.org)
- ExxonMobil ($XOM) has committed to net zero greenhouse gas emissions from its operations by 2050. (washingtonpost.com)
- Value investors don't need to ignore carbon. (klementoninvesting.substack.com)
Research
- ESG ratings tell us more about risk than return. (advisorperspectives.com)
- ESG portfolios are no less diversified than traditional portfolios. (klementoninvesting.substack.com)
- Credit ratings agencies are beefing up their climate modeling skills. (axios.com)
Skepticism
- James Mackintosh, "Sadly, selling off assets or shares by itself does nothing to save the planet, because someone else bought them." (wsj.com)
- There's only so much investors and companies can do on climate without the help of government. (institutionalinvestor.com)
- Why criticism of ESG 1.0 is somewhat premature. (morningstar.com)
ESG
- Brent Leadbetter, "Because ESG is a preference, not a strategy, investors can incorporate their ESG principles within a wide range of investment strategies, including non-cap-weighted indices." (researchaffiliates.com)
- Administration policy toward ESG investing has gone from critical to supportive. (investmentnews.com)
- ESG fund managers are recognizing that activism is part of their play book. (institutionalinvestor.com)
- A portion of investors believe sustainability is very important but have not yet moved into ESG. (morningstar.com)
- How to talk about the benefits of ESG investing. (behaviouralinvestment.com)
- Can cryptocurrencies ever be ESG? (evidenceinvestor.com)
