UK businesses are being taken for a ride by ineffective and expensive green advisors that may actually harm their reputation, a leading ethics advisory group has warned.
One in four companies quietly shelving progress on net-zero pledges
A quarter of companies that set targets to meet their net-zero commitments are quietly shelving reports about their progress in a process known as ‘green-hushing’, according to a study.
Rio’s CTO Brian Flynn speaks to The Center for Data Innovation
The Center for Data Innovation spoke with Brian Flynn, Chief Technology Officer for Rio ESG. Rio ESG is a sustainability-focused software platform that combines software, consultancy, education tools, and other features to improve their clients’ sustainability performance. Rio helps various industries including investment managers, corporates, financial services and public sector organisations track sustainability data, report on ESG, manage policies, and…
The latest ESG regulations to be brought into effect globally
How well a company is performing on ESG aspects is becoming more important for investors, consumers, employees and business partners and, therefore, management. In a recent poll, we found that a majority of people found the multiple ESG frameworks and evolving ESG regulations among the biggest challenges when it comes to producing ESG reports.
Your guide to biodiversity and Nature-based Solutions
A Guide to Biodiversity & Nature-based Solutions for Financial Professionals
Investments that Address Systemic Racism and the Wealth Gap
Sustainability Matters “Life’s most persistent and urgent question is: What are you doing for others?” — The Rev. Dr. Martin Luther King Jr. That’s not a question often asked of investors, but as we celebrate Martin Luther King Jr. Day, it’s one worth considering. A lot of work is needed to achieve racial justice in this country. What has been built up for…
3 Steps to Integrating ESG Into 401(k) Plans
Sustainability Matters Adding sustainable funds will take some time, but could improve retirement readiness for many participants. The U.S. Department of Labor has just made it easier for American workers to invest in sustainable funds in their 401(k) plans. The new rule, finalized in November, makes clear that those who run 401(k) plans can consider environmental, social, and corporate governance…
Florida axes BlackRock, but what about their other external managers?
End of Week Notes They are UN-PRI signatories, too More absurdity coming out of Florida this week, as the state’s Chief Financial Officer Jimmy Patronis announced the state treasury will pull about $1.43 billion in long-term fixed-income securities and $600 million in overnight cash investments managed by BlackRock because of the firm’s commitment to sustainable investing. It’s all part of Republican…
ESG in Retirement Plans: 4 takeaways on the final rule
Sustainability Matters Considering ESG factors is consistent with fiduciary duty The U.S. Department of Labor (DOL) finalized a rule last week that will remove barriers, real and perceived, to ESG investing in retirement plans governed under the Employee Retirement Income Security Act of 1974 (ERISA). Called “Prudence and Loyalty In Selecting Plan Investments and Exercising Shareholder Rights,” the new rule replaces…
What the Red Trickle means for ESG
End of Week Notes Why the anti-ESG campaign won’t work The massive Red Wave that threatened to swamp Democrats in the midterm elections turned out to be a trickle made possible by gerrymandering. If I may put my political science cap on for a moment, it never stood to reason that this would be a typical midterm because we are not living…