FridayDec 06, 2024 10:00 am

European ESG Conference Highlights Efforts to Drive Improvements

During this year’s Responsible Investment Forum: Europe, it became clear that the conversation on ESG had shifted from how ESG data could be gathered to how best the data could be utilized. With this is mind, several general partners have focused on harnessing the competitive spirit among portfolio firms to drive improvements in ESG by demonstrating how firms perform in comparison to their peers. The ESG Data Convergence Initiative has led efforts to advance ESG benchmarking in private equity. The initiative is currently in its third year of analyzing and aggregating ESG data. Many influential managers and investors in the…

Continue Reading

ThursdayDec 05, 2024 10:00 am

State Street, BlackRock Sued by Texas Over Allegations of Market Disruption

ESG has become very popular in the recent years, particularly when it comes to the investment practices of institutions. During the 2023 Finance Magnates London Summit, experts from various parts of the globe met to discuss this subject. Salvus Fund’s Risk and Compliance Director Evdokia Pitsillidou explained that ESG’s primary objective was to transition to a more environmentally friendly and sustainable financial system. Despite this being the goal, the state of Texas as well as 10 other GOP-led states have filed a lawsuit in federal court accusing Vanguard, BlackRock and State Street of using ESG investment strategies to disrupt coal…

Continue Reading

TuesdayDec 03, 2024 10:00 am

SEC Includes ESG in Its Risk Warning to Fund Managers

Last month, the United States Securities and Exchange Commission broadcasted a risk alert that warned fund managers of problems flagged during audits. The alert, which centered on a number of areas, also highlighted that ESG was an area of focus for the commission and reflects the shift in sustainability reporting. Environmental, Social, and Governance (ESG) is an investing framework that considers other factors other than the financial. It became popular in 2020/2021, following a worldwide push by activists and fund managers. With ESG being regulated more, funds and firms based in the United States are focusing more on climate, with…

Continue Reading

MondayDec 02, 2024 10:00 am

Professionals Weigh Whether Trump Admin Will Reform or Retrench ESG

Donald Trump won the recently concluded presidential elections in the U.S. and is set to be sworn in as the 47th president come January. While ESG was not a primary focus in the president-elect’s campaign, he did pledge to remove America from the 2015 Paris agreement and increase domestic production of oil and gas. This is in addition to vowing to fire Chairman Gary Gensler of the Securities and Exchange Commission (SEC). This shan’t happen though, as earlier this week, Gensler announced that he’d resign from the agency on January 20th, 2025. The chairman’s impending departure has raised questions over…

Continue Reading

Contact us: (512) 354-7000