Archive

News Round Up: Neuberger Berman, SIX, State Street, Solactive, and more

State Street enhances its ESG Solutions

'Legislate against' deforestation financed by Vanguard, BlackRock

Sanctions should be introduced for financial institutions like Vanguard, State Street and BlackRock, which collectively provide $2.7 trillion in financing to companies driving tropical deforestation and have no policy to curb the practice, according to a report by Global Canopy.

Planet Tracker identifies deforestation risk behind ETFs

Exchange traded funds (ETFs) from asset managers including BlackRock (iShares), Vanguard and State Street hide entrenched deforestation risk from investors, according to sustainability think tank Planet Tracker.

EU 'brown' taxonomy proposals split financial sector

BlackRock, Vanguard climate and social voting records continue to disappoint

Asset managers' proxy voting record on shareholder resolutions for climate and social issues continued to disappoint in 2020, according to a report by ShareAction, with US giants BlackRock, Vanguard and Capital Group among the worst performers.

News Round Up: State Street, Bank of America, CFA Institute, and more

ESG in Fixed Income Europe 2020 conference round up

Environmental Finance's ESG in Fixed Income Europe 2020 virtual conference ended after two days of panels, speed networking sessions, and discussion groups.

State Street: Covid-19 demonstrates social criteria are financially material

ESG in Fixed Income Europe 2020 conference: Pandemic has made it evident that ESG criteria are absolutely financially material for companies

$6bn charity criticises 'appalling' climate voting records of major investors, advisors

The Children's Investment Fund Foundation (CIFF) has sent a letter to a dozen major global investors, pension consultants and proxy voting advisors criticising their "appalling" records for using shareholders' votes to deliver the transition to a net-zero economy.