BNP Paribas Asset Management (BNPP AM) has launched the BNP Paribas Global Net Zero Transition Equity fund, a Luxembourg-domiciled equity fund that features “a strong focus on decarbonization and an overweight in sustainable investment,” officials say. The fund offers investors “exposure to a well-diversified strategy across sectors, regions, and market cap,” according to BNPP AM…. 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 >>
CFA & Others Collaborate to Define ESG Terms
Like other big and complex industries, the world of Wall Street has always had an inclination for acronyms, which are meant to simplify the sometimes complex terminology of “responsible investment.” In theory, one of the most recently adopted acronyms — ESG, which stands for environmental, social, and governance — should be the easiest to understand and… Read More >>
ESG Spurs Wolters Kluwer to Combine Four Divisions
Wolters Kluwer will combine four global enterprise software businesses into a new division, dubbed Corporate Performance & ESG, because environmental, social, and governance solutions are driving growth for the provider of professional information, software solutions, and services, officials say. In March, these four software businesses will be combined: CCH Tagetik (including U.S. Corporate Tax): Corporate… Read More >>
GSAM Settles ESG Policy Woes Case for $4M
The Securities and Exchange Commission (SEC) has charged Goldman Sachs Asset Management, L.P. for its “policies and procedures failures involving two mutual funds and one separately managed account strategy marketed as Environmental, Social, and Governance (ESG) investments.” GSAM officials neither admit nor deny the SEC charges. However, to settle the case, it will “consent to… 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 >>
