Despite backlashes against ESG-based efforts, is it time to start thinking about net-zero investing? Officials at the CFA Institute Research and Policy Center think so and recently released a guide to help investors (and investment firms) “advance the theory and practice of net-zero investing.” The guide is a serialized volume, “Investment Innovations Toward Achieving Net… Read More >>
Bloomberg Unifies Diverse Datasets Within Snowflake
Bloomberg officials say Bloomberg’s PORT Enterprise solution clients are now able to unify a variety of datasets in a single location, along with portfolio analytics, to streamline their workflows. This new interoperability across Bloomberg solutions helps end-users access their portfolio analytics data stored in the cloud via the provider Snowflake by using the integration already… Read More >>
IFS Cloud Module Targets ESG Disclosure Rules
IFS, a provider of enterprise cloud and industrial artificial intelligence (A.I.) offerings, reports that it has launched a “sustainability management module” for the 24R2 version of IFS Cloud that is intended to support environmental, social, and governance (ESG) disclosure requirements, officials say. Officials say the new module was the result of a collaboration with PwC… Read More >>
Will a ‘Tech Sprint’ Spur ESG Data Innovations?
Fixes for ESG data management challenges may arise during a “Tech Sprint,” launched by PIMFA WealthTech, a market network and technology platform created via a trade association and principal partner Morningstar. On March 5, they officially kicked off a “Tech Sprint” for innovations in environmental, social, and governance (ESG) factors, particularly for ESG data management…. Read More >>
Regulators & Policies Decide ESG Plans for Pension Funds
Regulators and policymakers will have greater impacts on the environmental, social, and governance (ESG) investment strategies of pension plans than the pushback against ESG investments, according to two recent reports. The findings about regulators and policymakers are based on the Amundi/CREATE-Research annual global survey of pension investors and their investing concerns. For the… Read More >>
ESG Data Will Be Normalized for Investing: Q&A
(Paul Fahey, head of investment data science, asset servicing, Americas, Northern Trust, took questions from FTF News about the concerns that operations staff have about the environmental, social, and governance [ESG] data and factors that they are likely to encounter as part of their support for the investment process. In his post at Northern Trust,… Read More >>
Northern Trust & EDS Target ESG Workflows & Other News
Northern Trust & Equity Data Science Create ESG Tool Northern Trust and Equity Data Science have launched what they describe as a workflow solution for environmental, social, and governance (ESG) data intended to “allow investors to more quickly access and share ESG information,” officials say. The solution is described as an “ESG digitized data aggregation… Read More >>
FCA Targets False ESG Labels
Picture it, teatime at London’s Financial Adventurers Club. “I say, chaps,” says one disreputable fellow, “did you see what the Yanks have come up with? ‘Green investing’! ‘Sustainable’! Must be some way to pocket a few shillings peddling that to the punters.” That’s greenwashing, and you can add it to your list of financial scams…. 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 >>
24 States Forbid ESG Investing via Public Pension Funds
A major Republican backlash is underway in at least 24 U.S. states against public pension fund managers making investment decisions based upon environmental, social, and governance (ESG) concerns and principles. Those leading the backlash say that when the ESG filter is applied to investment decisions, it leads to portfolio losses, which harm pensioners. Non-ESG investments… Read More >>
