Press release content from Business Wire. The AP news staff was not involved in its creation.
Reply and Banca Generali Bring you the First Reply Sustainable Investment Challenge: make your trades impactful
March 15, 2021 GMT
TURIN, Italy (BUSINESS WIRE) Mar 15, 2021
Following a growing interest in sustainability among the younger generation and the success of last year’s edition, Reply is launching a brand new online Investment Challenge. The international competition, aimed at students and young professionals, is focused on helping participants learn not just how to invest, but how to invest sustainably.
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For the second consecutive year, the Investment Challenge will be launched in partnership with Banca Generali. Italy’s top private bank has a strong background in sustainable investments and will accompany students through the different levels of the competition.
Biden Labor Department Will Not Enforce Trump-Era ESG Rule for 401(k)s
10 Mar 2021
President Joe Biden’s Labor Department announced Wednesday that it would not enforce a Trump-era rule that barred 401(k) plans from using political considerations when investing employee funds.
The agency said it would hold off on enforcing the rule while it undertakes a review.
The rule would have barred employer-provided 401(k) managers from investing employee money in funds pursuing nonfinancial goals as default investments. It also said fund managers who place employee money in funds built around environmental, social, and corporate governance goals known as ESG funds would have to show the returns of those funds would be just as strong as funds focused solely on financial returns.
Environmental factors
The pandemic may have moved environmental awareness down the global agenda as they focused on more pressing issues. However, climate breakdown has continued relentlessly and will likely regain pace as output recovers.
With hopes of a vaccine being distributed soon, we expect more attention to return to environmental factors, notably in carbon emissions and biodiversity.
Social factors
Social factors have generally not received the same attention as environmental and governance ones. The comprehensive and pervasive effects of the pandemic across industries and countries seem to have made social factors more universal and a priority for investors.
How companies managed their relationships – with employees, suppliers, customers and in its communities – became immediately evident and comparable. We expect, as the economy attempts to recover, attention to grow next year in two areas in particular: employee safety and labour management.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Creating Real Value: BRI Distributes Record IDR 347 Trillion of ESG Linked Loans
March 10, 2021 GMT
Bank Rakyat Indonesia, Jakarta, Indonesia
JAKARTA, Indonesia, March 10, 2021 /PRNewswire/ Bank BRI (IDX: BBRI), Indonesia’s largest MSME bank, announces it has issued a record IDR 562 trillion in sustainable finance business under its commitment to supporting environmental, social and governance (ESG) practices in accordance with the Financial Services Authority’s POJK No 51 /POJK.03/2017 regulations.
The figure is equivalent to 63.9% of BRI’s total portfolio in 2020 and represents the sustainable business activity of 14.1 percent, a record high for the industry.
FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information and analytical applications, and Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", HKEX: 2318; SSE: 601318) today announced a joint offering for investors considering environmental, social and corporate governance (ESG) metrics for companies incorporated in China.