The Center for Active Stewardship Adds Sierra Club’s Hidden Risk Data to Scorecards Platform NEW YORK, NY — The Center for Active Stewardship (CAS) announced today the addition of the Sierra Club’s Hidden Risk scorecard to its public proxy voting Scorecards platform, which tracks how leading asset managers and their funds … [continued]
Search should ensure pension mandates are awarded only to firms with credible climate-risk management and responsible stewardship. NEW YORK, NY — New York City Comptroller Mark Levine and trustees of the City’s five public pension systems today announced a search for asset managers to provide passive indexing services, opening a review of major … [continued]
Solar power is still coming in hot in Texas, despite a lawsuit aimed at throttling back investment in renewable energy, brought against three leading investment firms by Texas State Attorney General Ken Paxton.
NEW YORK — The Net Zero Asset Managers initiative (NZAM) announced today that it has relaunched the initiative, in a move that comes almost exactly one year after NZAM suspended activities in the wake of the departure of one of its biggest members, BlackRock. NZAM said its relaunch includes the support of more … [continued]
Elon Musk surprised attendees with an appearance in Davos at the World Economic Forum. His remarks were delivered as part of a conversation with BlackRock CEO Larry Fink and filled with ideas that ranged from the future of AI and human longevity to driverless transportation. “We are in the most … [continued]
PARIS — Pension funds and other asset owners are exposing clients and beneficiaries to growing climate-related financial risks by failing to stop asset managers supporting fossil fuel expansion, according to new analysis published today by Reclaim Finance and endorsed by AnsvarligFremtid, Fossielvrij NL, Sierra Club, SOS UK, and Urgewald. Read … [continued]
NEW YORK — The Sierra Club applauds today’s announcement from New York City Comptroller Brad Lander recommending that three of the city’s pension systems — which are all implementing net-zero by 2040 plans — re-evaluate their mandate for BlackRock to manage more than $42 billion, due to the asset manager’s inadequate … [continued]
The attorneys general of eleven Republican States, led by Ken Paxton of Texas, have filed suit in the US District Court for the Eastern District of Texas, alleging that some of the largest money managers in the world have conspired among themselves to stick a knife in the back of … [continued]
Image (cropped): Idaho is attracting more investor dollars for renewable energy and energy storage projects, despite public officials who rail against ESG investing (courtesy of Aypa Power).
Idaho is attracting more investor dollars for renewable energy and energy storage projects, despite public officials who rail against ESG investing.
Renewable energy makes strange bedfellows, as illustrated by the hookup between Texas, the proposed new TXSE exchange, and BlackRock. Image courtesy of Pattern Energy.
Renewable energy makes strange bedfellows, as illustrated by the hookup between Texas, the proposed new TXSE exchange, and the ESG-friendly financial powerhouse BlackRock.
