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Crucial for active managers to engage on ESG


Terrence Murphy, chief executive of ClearBridge, said: “ In a year like no other, the global pandemic starkly highlighted the social and economic inequalities in our society. At the same time, it reinforced the value of our decades-long efforts to prioritise ESG factors in our investment approach”.  
In the infrastructure space, Shane Hurst, portfolio manager of global infrastructure strategies, said ESG was “vital” for the asset class and there had been a tilt towards managing stakeholder interests. 
“ESG has always been vital for infrastructure as an asset class. The need to lower carbon emissions is not going away, nor is the importance of upgrading and building new infrastructure to achieve lower emissions targets. And part of the world’s response to the pandemic, the urgency of balancing stakeholder’s interests in business operations is a positive for the infrastructure sector,” he said.  ....

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The Pandemic Has Illuminated That We Can Change—And for the Sake of the Planet, We Must


The Pandemic Has Illuminated That We Can Change And for the Sake of the Planet, We Must
Kara Jillian Brown
© Photo: Getty Images / d3sign / W+G Creative
sustainable lifestyle shifts during the pandemic
Behavior changes that would benefit the environment have long been framed in the negative and often waved off as impossible: we
can teat as much meat. But, amid the pandemic, people canceled vacations, worked from home, and visited their doctors virtually, proving that habits are changeable, which stands to be meaningful in the fight against climate change and now there s data to support its efficacy: Global carbon dioxide emissions dropped an average of 7 percent in 2020, according to researchers, and NASA found that nitrogen dioxide concentrations dropped by nearly 20 percent. ....

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Two-front war: Justice Clarence and Virginia Thomas hit Big Tech in court, online


Two-front war: Justice Clarence and Virginia Thomas hit Big Tech in court, online
Dylan Byers
© Provided by NBC News
Last week, Virginia Thomas, a conservative activist, sent an email blast to friends and associates asking them to join an influence network to raise awareness for a new website fighting corporate tyranny” and social media’s growing power over political speech.
Five days later, in a concurring opinion for a Supreme Court ruling pertaining to Twitter and former President Donald Trump, her husband, Justice Clarence Thomas, issued a similar warning about America s social media giants. The unprecedented control of so much speech in the hands of a few private parties would soon force the court to address how the law handled the major platforms, he wrote. The threat to free speech was a glaring concern. ....

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