Hints and tips:
Related Special Reports
...“This is concerning given the complex operational and financial landscape these companies navigate, involving the management of critical national infrastructure and environmental responsibilities,” the CIIA...
...Oklahoma’s state pension board voted nine to one against a proposal from treasurer Todd Russ to fire BlackRock and State Street, and state pensioners have sued to prevent Russ from overriding them, alleging...
...Apparently, Apollo Global Management has other priorities....
...A spokesperson for Vanguard pointed to its 2023 voting report, which said the firm backed a vast majority of pay proposals supported by corporate management....
...And public pension funds in several states, including Oklahoma and Kentucky, declined to pull money out of BlackRock funds despite official policies calling for a boycott....
...US asset managers have faced a backlash against environmental, social and governance investing policies from Republican politicians, prompting some prominent investors to scale back action on climate issues...
...The funding commitment is a substantial one for Gramercy, which has $6bn in assets under management and is best known for its emerging markets bets on Russia and Argentina....
...Environmental, social and governance funds outperformed non-ESG funds during the market turmoil caused by the Covid-19 crisis, according to new analysis by Europe’s markets watchdog....
...Some more liberal jurisdictions have in turn taken opposing steps to encourage greater consideration of environmental or social factors in investments....
...This gives it unmatched authority to compel corporate decarbonisation through investment decisions and shareholder activism....
...She has preliminary data from more than 30 sites across California “showing average increases in soil carbon of 20 per cent, over a three-year period of implementing regenerative management”....
...Businesses should lobby the authorities to increase recycling capacity. Their chemists can also seek ways to reduce the amount of virgin plastic needed in new bottles....
...*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignites.com....
...The Financial Conduct Authority said its regime laid out on Tuesday, two days before the start of the global COP28 climate summit in Dubai, was intended to make sure products marketed as helping either people...
...Financial regulators, including the Financial Conduct Authority in the UK and the Securities & Exchange Commission in the US, have also targeted alleged misstatements by funds....
...India’s highways ministry fined Ola Electric Rs1.5mn in 2022 after one of its scooters caught fire, leading the road authorities to administer tests on its batteries that Ola argued were unfair....
..., cyber security, environmental impact and cannabis....
...Part of the problem lies in the nature of asset management companies and their reporting structures....
...The managers include Fullgoal Fund Management, Yinhua Fund Management, Dacheng Fund Management, Hwabao WP Fund Management, Ping An Fund Management and JPMorgan Asset Management (China)....
...In September, Discover agreed to improve its consumer compliance management system under a consent order from the FDIC....
...It built a large shareholding in 2017 by buying blocks of shares from Abu Dhabi Investment Authority and the California Public Employees’ Retirement System, sources have previously told the Financial Times...
...While the sustainability disclosure regime will affect all financial firms regulated by the UK’s Financial Conduct Authority, the largest initial impact will be for asset managers selling products to consumers...
...Cruise’s response has been straight out of the crisis-management textbook, from the external investigations it has launched into its technology and handling of the accident to the voluntary recall of its...
...The fund management industry was happy to oblige, flooding the market with funds labelled “green”, “sustainable” or “ESG” (referring to environmental, social, and governance standards)....
...The corporate shape-shifting comes as it and competitors Blackstone and Apollo Global Management have also reoriented their operations in recent years to appeal to the tastes of stockholders....
International Edition