ESG News

June 2020

Proposed New ERISA Rule and Sustainable Investing

Forbes contributor Bhakti Mirchandani details the US Department of Labor's proposed rule clarifying the application of the fiduciary duties of prudence and exclusive purpose under ERISA to pension plan sustainable investments in the article titled How To Read The Proposed New ERISA Rule And What It Gets Wrong On Sustainable Investing.  She notes "the Secretary of Labor and more broadly the Department of Labor’s failure to acknowledge the causal link between long-term social and environmental issues and the retirement security of American workers is surprising. It’s even more surprising in the midst of a pandemic and on the eve of a climate crisis."

CERES publishes report with a call to action on climate change for U.S. financial regulators

This Ceres report outlines how and why U.S. financial regulators, who are responsible for protecting the stability and competitiveness of the U.S. economy, need to recognize and act on climate change as a systemic risk. It provides more than 50 recommendations for key financial regulators to adopt, including the Federal Reserve Bank (the Fed), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CTFC), state and federal insurance regulators, the Federal Housing Finance Agency (FHFA), and the Financial Stability Oversight Council (FSOC).

Link to report here.

February 2020

Generate Capital raises >$1B for sustainable infrastructure

Inherent Group's portfolio company Generate Capital announced on February 4 that it has secured over $1 billion in funding. Participating investors included AustralianSuper, QIC, Railways Pension, and AP2 of Sweden. The funds will accelerate the company's deployment of sustainable infrastructure in asset classes including battery storage, solar, energy efficiency, and electric vehicles.

Vital Farms’ industry-first traceability effort
Fast Company

Inherent Group's portfolio company Vital Farms, in a pioneering initiative in food traceability, enables consumers to see (pre-recorded) 360-degree video of the pastures where the eggs from a given carton are laid. The effort comes amidst increasing consumer interest in understanding where their food comes from, which is particularly relevant in a vertical where claims like "free-range" are frequently misleading.

January 2020

Ceres: BlackRock CEO letter on sustainable investing is a game changer
Ceres

"BlackRock’s renewed promise to actively engage, and when necessary, vote against companies that are not making sufficient progress on sustainability and climate risk will help to build a more transparent capital market system."

-Mindy Lubber, CEO & President, Ceres

1 2 3 4 5 24