3BL-Media

Increasingly, employees with pensions think about how environmental, social and governance (ESG) factors affect their investments. BNY Mellon’s Marvin Vervaart, Asset Owner Segment Head for Europe, Middle East, Africa, and pension fund manager Gert-Jan Sikking, Senior Advisor Responsible Investment for PGGM, a Dutch cooperative pension fund manager, discuss the trend and how it benefits society, […]

“Someone said to me a little while ago that once you start immersing yourself and engaging yourself with climate change issues, it’s almost impossible to go back to anything else. You would have to wake up every morning and think: I’m using all my skills and abilities to help support a ‘six degree world’. So, […]

Since its launch in June 2017, the We Are Still In coalition has doubled in size and grown in clout, becoming a national movement of nearly 2,800 leaders strong, including 1,800 companies and investors, working together to uphold America’s promise to meet the U.S. goals of the Paris Agreement. The signatories, which also include governors, mayors, tribes, […]

May 23, 2018  /3BL Media/ – A new coalition backed by the National Association of Manufacturers aims to ‘undermine critical shareholder rights that investors have long supported and relied on to help them effectively and efficiently protect the long-term value of their investments,’ Ceres CEO and President Mindy said in a statement. Lubber added: Climate change, water […]

NEW YORK, April 30, 2018 /3BL Media/—In a groundbreaking study released by CECP: The CEO Force for Good, the way companies calculate and report on their various programs and initiatives to improve society will fundamentally shift. In its report “What Counts: The ‘S’ in ESG, New Conclusions,” CECP, with support from Cisco, introduces an aggregated calculation […]

In the past 18 months, BNY Mellon has issued bold calls for gender inclusion, offering research to inspire financial markets to boost economic participation by women worldwide. Now a new wealth management initiative called the PWER Portfolio is putting some of those ideas into action. PWER—an acronym for “promotion of women’s engagement and representation”—is built on […]

Commitment includes clean-tech and renewable energy financing, sustainable bonds and other low-carbon solutions NEW YORK, April 24, 2018 /3BL Media/ – Morgan Stanley (NYSE: MS) today announced a new commitment to provide $250Bn in low-carbon financing by 2030. Contributing to this commitment are the Firm’s activities in clean-tech and renewable energy financing, sustainable bonds and other […]

Investors and governments are increasingly pushing for more transparency regarding the non-financial impacts of business. GRI welcomes these developments, and seeks to support companies in understanding and applying policies that enable sustainable finance performance. In this new series, GRI will share updates on the latest developments from capital markets in Europe and the world, and how it […]

The third CEO Investor Forum, held on February 26 in New York City, has received a lot of attention in the media as the effort to end short-termism on Wall Street gains increasing traction. Responsible Investor and the Financial Times wrote pre-event sneak peeks and Business Insider wrote five articles coming out of the CEO […]

This year’s 8th annual Sustainable Investing Challenge has attracted the most geographically dispersed slate of finalists yet, with an equally diverse offering of investment proposals. Graduate students from schools in India, China, Singapore and across the U.S. and Europe made up more than 100 teams from 20 countries submitting proposals to this year’s 8th annual Kellogg-Morgan […]

It’s proxy season again, when shareholders in public companies can file resolutions on issues they would like considered at annual company meetings. A new report offers a look at 2017’s proxy efforts, and a preview of those to come in 2018. Proxy Preview 2018 gives an overview of the more than 400 shareholder resolutions that were […]

Climate change, the low-carbon transition and sustainable development pose some of the greatest challenges of the 21st century. The global transition is well underway and has urgent and wide-ranging implications for companies, policymakers and investors. This requires integrated thinking across the board from corporates – but do workplace pensions schemes and business strategies sufficiently reflect […]

Sustainalytics has released “10 for 2018,” a report that evaluates risks and opportunities in the coming year. On the upside, Sustainalytics finds that ESG-driven investing will continue to increase in 2018. Global responsible investing now totals $23 trillion, a rise of 25 percent since 2014, according to the Global Sustainable Investment Alliance. The rapid growth […]

The Carbon Tracker Initiative, an independent financial think tank, announced today that its in-depth analysis of the impact of climate change on a company’s exposure to carbon transition risk is available through 2˚C Scenario Analysis Tool on the Bloomberg App Portal at {APPS TRACK <GO>}.Bloomberg Terminal subscribers can now access the Carbon Tracker Initiative’s research […]

NEWPORT BEACH, Calif., February 9, 2018 /3BL Media/ – The United Nations Global Compact, in partnership with PIMCO and ENEL, convened a two-day symposium to mobilize private finance and investment around the Sustainable Development Goals (SDGs). Hosted at PIMCO headquarters in Newport Beach, U.S.A., the event convened approximately 100 leaders representing public policy, pension funds, […]

by Gillian Tett, US Managing Editor of the Financial Times American markets are spinning on a carousel. As fourth-quarter corporate earnings tumble out this week, analysts are digesting every digit, leaving share prices swinging. But if Bill McNabb, chairman of Vanguard, has his way, this carousel may soon spin differently. This month, a group of […]

TORONTO, February 5, 2018 /3BL Media/ – Scotiabank today proudly announced its support of the Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD). “As Canada’s international bank, Scotiabank has witnessed first-hand the devastating effects of natural disasters such as wildfires, floods, earthquakes and hurricanes in communities in which the bank operates around the globe,” said Brian Porter, President […]

  Ray Dalio wants to see more “social impact investing.” Yes, that Ray Dalio, author of Principles: Life & Work, a best-selling business book that proselytizes for “radical transparency” as guidelines for his hard-charging, high-octane hedge fund firm. As the founder, chairman, and CIO of the $160 billion Bridgewater, the world’s largest hedge fund, Dalio’s […]

An interview with Flavia Micilotta, Eurosif’s Executive Director Sustainable and responsible investment is helping mobilize and direct finance towards building a more inclusive, stable and greener European economy. We talked to Flavia Micilotta, Executive Director at Eurosif, to discover how. ​Eurosif is the pan-European sustainable and responsible investment (SRI) membership organization whose mission is to […]

This year has been challenging for sustainability in many respects, but there have also been exciting developments in the sustainability reporting landscape. In this short series, we look back at GRI’s efforts, and at what 2018 has in store. ​A recent report revealed that the world needs to pick up the pace if we are […]

Regular readers of Justmeans will recall several articles about how socially responsible investing is moving from its marginal niche into the wider universe of the investment sector. Increasingly, institutional investors, asset managers, and analysts are incorporating ESG factors into their decision-making. The US Forum for Sustainable and Responsible Investment estimates that now more than a […]

Institutional investors are pioneering another pathway in the still evolving field of socially responsible investing. “The recent launch of indices and funds offering smart beta incorporating environmental, social and governance (ESG) considerations indicates there is investor appetite out there. . .These allow investors to integrate a responsible investment approach alongside smart beta factors that hunt […]

The headline to this article is a sobering assessment, but it’s accurate. In a nutshell, companies tend to publish voluminous annual sustainability reports, chock full of contextual information, while investors tend to want this data boiled down to a short list of points that are easy to process, analyze and compare. With an estimated $90 […]

Impact measurement has become a must for today’s CSR professionals. But how are organizations using the data collected to communicate the impact they’re having on their communities and society? November 9, 2017 /3BL Media/ – The forthcoming ACCP Measurement Summit in Washington D.C. on 5th December 2017, kindly hosted by KPMG, will bring together CSR, […]

GRI’s Chief Executive Tim Mohin and PRI’s Managing Director Fiona Reynolds signed a collaboration agreement on September 19 in New York.​ The collaboration agreement signed by the two organizations reinforces the joint efforts between the leading global sustainability reporting framework and the world’s principal initiative for responsible investment, to align corporate sustainability reporting with investor […]

  The WSJ has published a downbeat assessment of CSR. The article cited a study showing that CEOs exiting Fortune 500 companies were 84% more likely to be fired if they invested strongly in good corporate citizenry yet recorded below par financial results than CEOs at poor performing companies that spent less on “do-good” initiatives. […]

Communicating Sustainability paper identifies a communications gap and provides best practices for meeting investor ESG needs NEW YORK, October 12, 2017 /3BL Media/ – Today the Morgan Stanley Institute for Sustainable Investing released a new report analyzing the communications disconnect between the environmental, social and governance (ESG) information investors seek and what companies provide. The […]

October 12, 2017 /3BL Media/ – Bloomberg today announced at the Bloomberg Sustainable Business Summit that it has become the first U.S.-domiciled corporate retirement plan sponsor (ERISA plan sponsor) to join the Principles for Responsible Investment (PRI). By joining, Bloomberg will incorporate the six, voluntary Principles for Responsible Investment into its investment practices. The principles align […]

Two pioneers in sustainable investing have just made a big move together in response to the rapid growth in the SRI field. Pax World Management, a New Hampshire-based investment advisor to Pax World Funds, has agreed to be acquired by Impax Asset Management Group, a UK-based firm. The transaction will create a combined global investment […]

Climate Change Mitigation Opportunities Index Offers a Tool to Help Investors Explore Technologies That Can Help Mitigate Climate Change and Provide Market Returns September 14, 2017 /3BL Media/ – Today the Morgan Stanley Institute for Sustainable Investing released the Climate Change Mitigation Opportunities Index, a report and interactive tool investors can use to examine the […]

Traditionally social investing was limited to creating products and deals for asset owners who have control over very large buckets of assets, sometimes in the billions and to build scale by replicating those deals for similar investors. I believe we’re overlooking the value of democratizing social investing – building scale by going small which could […]

Green Bond Will Help Build Low Carbon Green Projects Across North America September 12, 2017 /3BL Media/ – TD Bank Group (TD) (TSX: TD) announced today that it closed on the issuance of a US$1 billion green bond, its first in US dollars and one of the largest green bonds ever issued by a bank. Initially targeting an […]

(3BL Media/Justmeans) – A year ago, the European Commission announced it would establish a High Level Expert Group (HLEG) to advise it on developing a comprehensive EU strategy on sustainable finance. The group was established in December 2016 and comprises 20 members of the public, the finance sector and academia. This advisory body to the […]