New York Times (August 17)
“The political fight over environmental, social and governance investing continues in corporate America,” though opponents appear to be “making little headway in the boardroom.” During the first six months of 2023, Morningstar “tracked 43 anti-E.S.G. shareholder proposals,” finding that “on average they received only 7 percent support, compared with more than 30 percent across all proposals.”
Tags: 2023, Anti-E.S.G., Boardroom, Environmental, Governance, Headway, Investing, Morningstar, Political fight, Shareholder proposals, Social, U.S.
Investment Week (April 13)
“2021 was a stand-out year for environmental finance, as COP26, a new US administration, and rapid growth in industry collaboration drove climate action and commitments across businesses and the asset management industry.” Morningstar found that “the number of mutual funds and exchange-traded funds (ETFs) with a climate-focused mandate grew to 860 at the end of last year… and assets in the space doubled to $408bn.”
Tags: 2021, Asset management, Assets, Businesses, Climate action, Collaboration, Commitments, COP26, Environmental finance, ETFs, Mandate, Morningstar, Mutual funds, Rapid growth, Stand-out, U.S.
Institutional Investor (August 25)
“ESG investments have proven effective at reducing risk and delivering returns comparable to those of non-ESG oriented funds. During the stock market collapse in the first quarter of 2020, Morningstar found that all but two out of 26 ESG indexes suffered fewer losses than their conventional counterparts. Studies from Morgan Stanley and MSCI have found no financial trade-off in the returns delivered by ESG funds relative to traditional funds.”
Tags: Collapse, Effective, ESG, Funds, Investments, Losses, Morningstar, MSCI, Reducing risk, Returns, Stock market, Trade-off
