by Amy Domini, Founder and Chair of Domini Impact Investments (Amy is widely recognized as the leading voice for socially responsible investing.)
Globally, socially responsible investing is flourishing. Almost as importantly, it means the same thing around the world. I begin with some recent quotes, which I noted over the past few weeks:
• Datuk Muhamad Umar Swift, CEO of Bursa Malaysia, “As a frontline regulator and market operator, we want to provide an environment that encourages sustainable practices among our market participants.”
MONTREAL, August 20, 2020/3BL Media/ – Gildan Activewear Inc. (GIL: TSX and NYSE) announces the release of its 16th Environmental, Social, and Governance (ESG) report, available on the Company’s dedicated genuineresponsibility.com website.
August 11, 2020 /3BL Media/ - Bloomberg today announced the launch of propriety ESG scores. This initial offering includes Environmental and Social (ES) scores for 252 companies in the Oil & Gas sector, and Board Composition scores for more than 4,300 companies across multiple industries.
What started as a cost-efficiency endeavor has now become a primary method of enhancing governance required by regulators.
There’s no escaping ESG in investing today, whether you’re the asset owner, the asset manager, or an intermediary. Governance (the G) may be the most pervasive of the three in the day-to-day business of investing, particularly when it comes to transparency. Regulators have made it mandatory to some degree, and asset owners press asset managers for ever greater amounts of it beyond that demanded by law. Intriguingly, the most profound effects of governance could be those on outsourced trading.
Opportunities to join governance of the leading sustainability standards setter
March 31, 2020 /3BL Media/ - A global search is underway to strengthen GRI’s representation of different organizations and interests, across sectors and geographic boundaries, through an open call for new members to join its governance bodies.
GRI is the world’s leading sustainability reporting framework – and the only with multi-stakeholder working at the core of its governance and standard setting. Four of GRI’s decision making and advisory bodies are seeking applications from individuals of high integrity with relevant experience.
by Benjamin Bailey, CFA, Praxis Mutual Funds & Everence Financial
Praxis Mutual Fund shareholders expect us to invest with their values in mind. The Praxis Impact Bond Fund turned 25 this year and through the first half of the fund’s tenure we diligently focused on screening out holdings contrary to those shared values. In 2006, our eyes were opened by a public bond offering that showed us what positive impact bonds (those bonds that make a positive impact on the climate and/or communities) could do.
by Leslie Samuelrich, President of Green Century Funds
The climate crisis is precipitating a sustainable investment revolution, and I think that revolution will endure in 2020.
When the environmentally-responsible mutual fund company that I lead was founded in 1991, the average investor was not concerned about sustainability. Times have changed. Nearly 80 percent of respondents to a recent study said that they “love the idea of investing in companies that care about the same issues” as them. This isn’t just lip service.