Thomas P. DiNapoli, the comptroller for the state of New York, is challenging the portfolio companies of the New York State Common Retirement Fund on several diversity, equity, and inclusion (DEI) fronts via a series of shareholder proposals and related initiatives. The New York State Common Retirement Fund (the Fund) was valued at $242.3 billion… Read More >>
Public Pension Funds Should Consider Fighting Climate Change: Q&A
(Investing according to environmental, social, and governance (ESG) concerns is facing a major political backlash. A least 24 U.S. state governments are moving to stop public pension fund managers from making investment decisions based upon ESG principles. Those leading the backlash say that when fund managers apply the ESG filter to investment decisions, it leads… Read More >>
State Pensions Face Anti-ESG Backlash
Now that Earth Day has come and gone again, it might be an appropriate time to consider the right-wing conservative backlash against public pension funds and their ESG investing. “ESG,” as FTF News readers know, stands for “Environmental, Social, and Governance.” ESG is meant to ensure that boardrooms and shareholders consider factors beyond simple fluctuations… Read More >>
E.U. Leads U.S. in ESG Regulatory Guidance: Report
A new report just might provide a reality check for the recent commentary about climate change, the financial services industry, and regulators in America and around the world. But there’s a catch. According to the report, the United States “has a number of significant financial regulators and a far more complex regulatory landscape than the… Read More >>
BlackRock Embraces ESG & Climate Change Reforms
Larry Fink, chairman and CEO of the world’s largest asset manager BlackRock, is making the case to his shareholders and fellow corporate executives that major steps forward need to be taken to advance environmental, social, and corporate governance (ESG) goals in financial services and beyond, and, particularly, to combat the impacts of global warming. The… Read More >>
One Cheese Pie, Hold the Climate Change?
Soon, FTF News readers and other hungry gourmets will be able to order their pizza with less climate change. That’s because New York’s own pension fund, the New York State Common Retirement Fund, has reached agreements with five portfolio companies, including Domino’s Pizza Inc., to “set targets to reduce their greenhouse gas emissions (GHG), adopt… Read More >>
CalSTRS Advances Its ESG Agenda
The push for integrating environmental, social and governance (ESG) analysis into investment decision-making got a quiet boost last month amid other louder news events. Regarded as the second-largest pension fund in the U.S., the California State Teachers’ Retirement System (CalSTRS) has announced that it selected three sustainability-focused global equity investment managers to collectively manage $750… Read More >>
Traiana Aims Post-Trade Service at Equity Swaps
Traiana Targets Ops Efficiency & Settlement Risk A service to automate key post-trade stages of equity swaps processing has been launched by Traiana, an infrastructure solutions provider for trading and risk management. The vendor wants to automate “manual, labor intensive and inefficient” post-trade affirmation, officials say. The new Equity Swaps Lifecycle Management offering “normalizes data… Read More >>
