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Climate change cited as leading ESG criteria for both money managers and institutional asset owners
HIGHLIGHTS
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Both money managers and institutional asset owners cited climate change/carbon emissions as the top issue they addressed in ESG incorporation, with each group saying it applied to more than $3 trillion of the assets under their purview.
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Additionally, money managers reported applying fossil fuel divestment policies across $1.2 trillion in their assets under management, putting it in fourth place among all the ESG criteria they address. Avoidance of military/weapons related investments and tobacco-related investments ranked second and third for money managers, affecting $1.8 trillion and $1.7 trillion in assets, respectively.
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For institutional asset owners, the second most important ESG issue factored into investment decision-making was avoidance of companies doing business in countries of high conflict risk, affecting $3.3 trillion in assets. Board issues and sustainable natural resources/agriculture were the third and fourth most important ESG issues for institutional investors in asset-weighted terms, affecting $2.9 trillion and $2.8 trillion, respectively.
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From 2020 through the first half of 2022, 154 institutional investors and 70 investment managers controlling $3 trillion in AUM led or co-led shareholder resolutions on ESG issues.
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The leading ESG issue raised in shareholder proposals was on ensuring fair workplace practices, and particularly on ending de facto discrimination based on ethnicity and sex. Close behind in the numbers of proposals filed were concerns about corporate political activity and climate change.
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Community investing experienced rapid growth, with assets under management increasing 72 percent to $458 billion over the past two years and increasing more than 600 percent in the last decade.
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Marks the second consecutive year Churchill has received this prestigious distinction
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The nation’s affordable housing crisis, which has only grown worse amid the COVID-19 pandemic, is facing another critical threat that will persist even after vaccines are distributed and the economy fully reopens: Over the next several years, affordability restrictions on hundreds of thousands of federally assisted homes are set to expire, potentially reducing the affordable housing supply and exacerbating today’s critical affordable housing shortage. To combat this coming wave of expirations, I
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Media call scheduled for 10:30am EST today
Highlights
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The Trends report counts two main strategies as sustainable investing: ESG incorporation—applying various environmental, social and governance (ESG) criteria in investment analysis and portfolio selection—and filing shareholder resolutions on ESG issues.
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The total US-domiciled assets under management using sustainable investing strategies grew from $12.0 trillion at the start of 2018 to $17.1 trillion at the start of 2020, an increase of 42 percent.
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This is 33 percent – or 1 in 3 dollars – of the total US assets under professional management.
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The top three specific issues for money managers and their institutional investor clients are climate change/carbon emissions, sustainable natural resources/agriculture and board issues.
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From 2018 through the first half of 2020, 149 institutional investors and 56 investment managers controlling $1.98 trillion in AUM led or co-led shareholder resolutions on ESG issues.
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TIAA was named #9 on the 2020 DiversityInc Top 50 Companies for Diversity list, climbing six places from its #15 rank in 2019. TIAA also entered the top 10 companies for the first time after appearing on the list for the eighth consecutive year. This honor recognizes TIAA’s commitment to building a workplace that reflects the diversity of the clients it serves. “Diversity and inclusion are an essential part of who we are. Our inclusive culture and diverse workforce helps us better understand and
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Nuveen’s 2020 Proxy Season Preview predicts that a broader range of stakeholders will demand corporate action on climate change, gender parity and workforce diversity
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On December 5, Bloomberg kicked off New York’s first-ever Sustainable Finance Week, with the goal of helping investors realize returns while investing in sustainable practices.
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Launched in conjunction with Sustainable Finance Week, Bloomberg's Good Business Hub sponsored by Nuveen provides the latest reporting on sustainable investment practices, climate risk and policy, global demographics and the changing labor market.
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Bloomberg will convene the first ever Sustainable Finance Week in New York City December 3-7 to accelerate the adoption of sustainable finance practices. Anchoring Sustainable Finance Week is the Bloomberg Global Responsible Investing Forum powered by Nuveen, an organization with over five decades of responsible investing leadership.
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Bloomberg will convene the first ever Sustainable Finance Week in New York City in early December to accelerate the adoption of sustainable finance practices. Anchoring Sustainable Finance Week is the Bloomberg Global Responsible Investing Forum powered by Nuveen, an organization with over five decades of responsible investing leadership.