Kunal Kapoor, who has led Morningstar as CEO since 2017, said he sees much potential for ESG in winning and retaining client assets in the generational wealth transfer. Younger people are in many cases finding their way to investing through an interest in sustainability, he said. Kapoor recently spoke with ESG Clarity about the opportunities … Read more
Florida is pulling about $2bn from BlackRock in the largest anti-ESG withdrawal announced by a US state, as Republicans ramp up their fight against the world’s largest money manager. BlackRock wasn’t aware of the decision until reading about it Thursday in a statement from Florida Chief Financial Officer Jimmy Patronis. In a video posted the … Read more
Introducing ESG investing to clients shouldn’t be viewed as an all-or-nothing proposition, according to Jennifer Coombs, director of client success at ACA ESG Data & Analytics. Speaking Thursday during the virtual InvestmentNews ESG Summit, Coombs cited the example of a pyramid to explain how and where financial advisers and clients can find a comfortable entry point into environmental, … Read more
A high proportion of ethic minorities in the financial services industry are still experiencing discrimination and, even more concerningly, many businesses are failing to deal with the matter effectively. In its second annual report on discrimination – Race to Equality in UK Financial Services – campaigning group Reboot revealed that 68% of ethnic minorities experienced … Read more
In one sense, Climate Week 2022 in New York (September 19-24) was a return to a pre-pandemic normal. The feeling of agreement among private sector actors on the urgency to act on climate change equally to protect our business interests and to protect the viability of humanity was palpable. In contrast, this year’s COP27 was … Read more
The cost-of-living crisis has caused a shift in consumers’ green behaviour, but not all are a positive for the environment. Research by numerous bodies has found consumers are adopting greener habits in terms of recycling and mending old products, objects or garments instead of replacing them, but when it comes to making new purchases, they … Read more
Less than three years since the Covid-19 pandemic started we are facing another social emergency – spiralling living costs are affecting populations across the globe and are pushing millions into poverty in the UK. Consumer Price Index inflation in the UK in October was 11.1%, Retail Price Index inflation was 14.2% and the Office for … Read more
Gold may not be an obvious choice for sustainable investment portfolios but there are compelling environmental and social reasons to back gold, said John Mulligan, climate change lead and director of market relations at the World Gold Council. In this video interview, he shares how gold can assist in the decarbonization of frontier and emerging … Read more
After talks at COP27 barely kept the 1.5 warming limit alive and ended with reiterated calls to accelerate climate action, we take stock of the ever-expanding options available to investors looking to reduce climate-related risks in their portfolios and/or take advantage of opportunities arising from the transition. Morningstar data shows the number of mutual funds … Read more
Investors with $8trn under management and advice have called on the world’s biggest chemical producers to phase out persistent and hazardous chemicals that pose a risk to public health and the environment. Aviva Investors and Storebrand Asset Management have coordinated a letter from the coalition to chemical company CEOs, asking them to phase out and … Read more