by Julie Gorte, Ph.D., Senior Vice President, Impax Aseet Management and Pax World Funds
When I began working to make boards more gender diverse in 2001, the percentage of women on the boards of large companies in the United States was around 12 percent. By 2011, women had gained a few more seats at the table, and by 2016 women held 21 percent of board seats at Fortune 500 companies. At this rate of progress — less than one percent increase per year — it will be three more decades before big companies’ boards achieve gender parity. And that, sadly, is the good news.
by Gabe Rissman Co-Founder and President, YourStake.org
I rose to the podium, looked Exxon then-CEO Rex Tillerson in the eye, and spoke. “Why does Exxon fund climate-denying organizations, when you publicly support a carbon tax?” Tillerson deflected the question at the time: “we would never impinge on ALEC’s free speech.” D’oh. Two years later, in July 2018, Exxon ceased funding ALEC, the climate change denying organization I highlighted.
The Unstoppable Growth of Sustainable, Responsible and Impact Investing
by Lisa Woll, CEO, US SIF: The Forum for Sustainable and Responsible Investment
While offering the standard disclaimer that past performance is no guarantee of the future, I nevertheless offer some predictions for, and reflections about, the future of sustainable and impact investing.
The inside story on the award-winning publication from its founder
by Cliff Feigenbaum, founder and managing editor, GreenMoney Journal and GreenMoney.com
Twenty-five years. Is that possible? Have I been publishing the GreenMoney Journal for 25 years? When I realized that 2017 was upon us, and that 25 years had passed, I knew it was time to take a look “back” to the future that GreenMoney has been striving to help create since 1992.
NEW YORK, January 27, 2016 /3BL Media/ - Voya Financial, Inc. (NYSE: VOYA), announced today that it has been recognized in the 2017 Bloomberg Financial Services Gender-Equality Index (BFGEI) for its strong commitment to gender parity. Voya was recognized as a leader among its peers in the 2017 index, which includes only 52 firms across Europe, the Middle East and Africa (EMEA), Asia Pacific (APAC) and the Americas.
A task force led by Michael Bloomberg and backed by Mark Carney has urged companies to disclose to investors the impact of climate change on their businesses.
The governor of the Bank of England and the billionaire media owner are behind a new set of recommendations designed to give investors, lenders and insurers a better idea about how climate change will affect individual businesses.
Reprinted from Institutional Investor. Michael Molitor is a Senior Fellow with the Ray C. Anderson Foundation
Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, with $860 billion under management, has missed out on $1.9 billion in additional profits as a result of its decision to divest all of its tobacco holdings in 2010. The story that reported this fact, which ran in the Financial Times , goes on to suggest that fund managers should reconsider their investments in tobacco companies, as the sector is generating impressive returns, well above many key performance benchmarks.