How the Transfer of Weaith is Transforming Wall Street
by Lynne Ford, Executive Vice President, Calvert Investments
Three important trends are already changing the asset management industry, and are poised to become even more important in the coming years. First, based on their spending and earning power, women now represent a growth market bigger than those of China and India combined. This reality was identified by Kate Sayre and Michael Silverstein of the Boston Consulting Group in their article “The Female Economy.”
Letter stresses clean energy solutions as the most cost-effective way to drive business investment and generate jobs in transition to a low-carbon economy
Boston, MA, July 31, 2015 /3BL Media/ - Today, 24 businesses and investors with a significant presence in Ohio issued a letter to Governor John Kasich offering strong support for the Environmental Protection Agency’s Clean Power Plan for existing power plants, and encouraging the state’s “timely finalization” of its implementation plan. The letter was coordinated by the nonprofit sustainability advocacy organization Ceres.
Activity in the financial sector defined as responsible investing or socially responsible investing, has gotten a new term to fit a fast-growing, related practice: impact investing. Impact investing describes efforts that provide a return on investment while focusing on social and environmental issues. Criteria for the projected profitable outcomes of targeting such issues are an integrated component of the investment process. RI or SRI also includes negative criteria as part of its decision making.
Wall Street has bought into the concept of green bonds in a big way. But now, investors are asking, what are they, exactly? Last year, a consortium of firms produced voluntary guidelines, called “The Green Bond Principles.” These principles defined green bonds as investments that pay for renewable energy, clean transportation, and energy efficiency projects. Those broad terms are, of course, subject to interpretation. Now, investment institutions such as BlackRock and Pacific Investment Management have asked for more detailed guidelines.
BOSTON, MA, March 26, 2014 /3BL Media/ - Sustainability advocacy group Ceres, in collaboration with BlackRock and other major institutional investors, today announced an initiative to engage global stock exchanges via the World Federation of Exchanges (WFE) on a possible uniform reporting standard for sustainability reporting by all exchange members.