Most agree that banks should keep our money safe and avoid unnecessary risk. But is the sector capable of much more than avoiding leading us into another financial crash?
Activist points to “hypocrisy” in BNP Paribas’s involvement in south Texas export terminal, given bank’s claimed commitment to the environment.
The Left felt the political door slam shut [with Donald Trump’s election], and many are seeking new channels to drive change. While it’s too soon for formal studies, we are hearing reports from across the industry of record interest in socially responsible investing (SRI) and related strategies.
In a new paper that will appear in the April 2017 issue of the Journal of Banking and Finance, a top scholarly journal, the authors study over 2,000 funds. They argue that prior studies on SRI or CSR funds are flawed because those studies simply categorised funds as being either socially-responsible or conventional.
Two new exchange traded funds offer a conservative evangelical—what is called “biblically responsible”—say in their regulatory filing that they will avoid buying shares in companies that have “any degree of participation in activities that do not align with biblical values,” including what they call the lesbian, gay, bisexual and transgender “lifestyle.”
Deborah Winshel, BlackRock’s global head of impact investing, discusses why this investment space is expanding so quickly.
Lending stocks to other investors for short periods is more nuanced than bad press about the activity has portrayed and can be reconciled with being a responsible investor. The practice can generate income and create or transform liquidity , argued Roelof van der Struik, a portfolio manager at major Dutch pensions investor PGGM.
Sweden’s biggest pension provider Alecta has created a new role – head of sustainability – reflecting the expansion of its work on sustainability issues beyond investment.
Asia will need to pool about US$26 trillion for infrastructure investment between 2016 and 2030, or $1.7 trillion per year, as climate change alters infrastructure needs in the region. This is more than twice the initial forecast of $750 billion in 2009.
Natixis Global Asset Management announced today the launch of the Mirova Global Green Bond Fund , a high-conviction fixed-income mutual fund managed by Natixis Asset Management US, LLC utilizing the investment and research expertise of Mirova.