On October 23, 2018 the Financial Times published an article stating that Larry Fink, CEO of the world’s largest asset manager, BlackRock, had announced that “sustainable investing will be a core component for how everyone invests in the future.” He further explained that sustainable investing did not lead to lower returns and that in his own opinion such a strategy will lead to higher returns.
More than half the commitment will support transitioning to a low-carbon economy with rest to sustainable agriculture, recycling, conservation and other sustainable businesses; Company also commits to transparency and robust reporting
April 19, 2018 /3BL Media/ - Wells Fargo & Company (NYSE:WFC) today announced it will provide $200 billion in financing to sustainable businesses and projects by 2030, with more than 50 percent focused on clean technology and renewable energy transactions that directly support the transition to a low-carbon economy. The company also detailed its commitment to transparency in its methodology for accounting, project inclusion, and the carbon intensity of its credit portfolio
A significant new player is now entering the mix of the growing number of organizations providing institutional investors with ESG rankings and data. At G&A Institute, we've been tracking the growth of these organizations (such as MSCI, Sustainalytics, RobecoSAM, Bloomberg, Thomson Reuters, and others) and work with our clients to help managements understand, optimize and utilize these important intelligence points coming from the rapidly-growing number of investors considering ESG.
Insights from the President of Parnassus Investments
By Benjamin E. Allen, President, Parnassus Investments and a portfolio manager for the Parnassus Core Equity Fund
As President of Parnassus Investments, I often think about what responsible investing might look like over the coming decades. The future is anchored in the past, so I believe the best way to begin an answer to this question is with a look back at the early years of responsible investing.