Driving positive change on coal financing
Marion O’Donnell, Director, Sustainable Investing
The power of active engagement: As the most heavily polluting fossil fuel, coal should have no future in the global energy mix. Through active engagement, which is the cornerstone of our sustainable investment strategy and a crucial component to our role as stewards of client capital, we are continuing to play our part in making this a reality.
As long-term investors, we recognise that tangible action is needed to tackle the urgent climate crisis we face. Phasing out financing for coal-fired power plants (CFPPs) is a crucial step towards a more sustainable global economy and for this reason we initiated a thematic engagement with banks on their financing of such plants in Asia. Initially, we focused on Singaporean banks, but we have since expanded our engagement to banks in Japan and China.
Northern Trust Corporation: Northern Trust Asset Management Hires Julie Moret to Lead Sustainable Investing and Stewardship
Julie Moret as
global head of sustainable investing and stewardship to build on its legacy of creating long-term investment value for its clients through management of environmental, social and governance risks, effective engagement and proxy voting. In this newly created role, Moret will oversee the firm s sustainable investing and global engagement policies, foster research and product development agendas, advance portfolio integration across asset classes and contribute NTAM s perspectives to external industry associations.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210505006208/en/
Exclusive: Blackstone asks its companies to regularly report on sustainability
Reuters | May 03, 2021 04:26 PM EDT
The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) (Photo : REUTERS/Brendan McDermid)
Blackstone Group Inc has for the first time asked executives in companies controlled by its private equity arm to regularly report on environmental, social and governance (ESG) matters to their boards, according to a letter seen by Reuters.
The world s largest manager of alternative assets such as private equity and real estate has been seeking to bolster its sustainability credentials as investors increasingly question companies on their impact on the environment and workers.
Blackstone asks companies under its PE arm to regularly report on sustainability
Photo: Bloomberg
May 4, 2021
Blackstone Group Inc has for the first time asked executives in companies controlled by its private equity arm to regularly report on environmental, social and governance (ESG) matters to their boards, according to a letter seen by Reuters.
The world’s largest manager of alternative assets such as private equity and real estate has been seeking to bolster its sustainability credentials as investors increasingly question companies on their impact on the environment and workers.
Blackstone said in the letter to the portfolio company CEOs that they should report to their boards on climate risks, environmental certifications such green building ratings, diversity among employees and commitments to human rights.
Exclusive: Blackstone asks its companies to regularly report on sustainability netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.