A credit union in southwest Ontario is going all in on responsible investing (RI), a growing movement that argues companies with robust environmental, social and governance (ESG) practices in place outperform the broader market over the long term.
Come May, Libro Credit Union says its members looking to open a new mutual fund will only be able to choose from options offered by its partner, NEI Investments, a firm that has been tilling this field for three decades now.
“Like the broad market, we’ve seen in the last five years not just demand for this type of investment, but really an expectation from investors that the companies they invest in, the companies they choose to do business with, they can t just be for the shareholder anymore,” said Paul McQueen, Libro’s vice-president for wealth.
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BeeBank & Brokerage Wins 2021 Kellogg-Morgan Stanley Sustainable Investing Challenge
April 12, 2021 GMT
NEW YORK (BUSINESS WIRE) Apr 12, 2021
Morgan Stanley’s Institute for Sustainable Investing and Kellogg School of Management at Northwestern University today announced that the BeeBank & Brokerage team was named the winner of the 2021 Kellogg-Morgan Stanley Sustainable Investing Challenge. The team was one of 16 finalist teams competing in the virtual Challenge on Friday, April 9. The 16 finalists were selected from a field of 123 teams, composed of 414 students from 50 different countries. They represent 87 graduate schools, and their projects targeted impact in 33 countries.
CPP Investments Launches Sustainable Energy Group
(Credit: Pixabay)
Canada Pension Plan Investment Board (CPP Investments) is creating the Sustainable Energy Group (SEG), a new investment group that combines the organization’s experience in renewables, conventional energy, and new technology and service solutions.
Through the combination of the Energy & Resources (E&R) and Power & Renewables (P&R) groups, SEG will have approximately $18 billion in assets, making it highly competitive and flexible in the large and dynamic global energy sector.
According to the “Bloomberg New Energy Outlook 2020” report, around $15.1 trillion is expected to be invested in new power capacity alone by 2050.
Bruce Hogg will lead the SEG as Managing Director, Head of Sustainable Energy Group. Avik Dey, Managing Director, Head of Energy & Resources, will act as Senior Advisor to CPP Investments, supporting SEG and the Office of the CEO over the next six months.
3 ESG Essentials for Firms Looking to Go Public 3blmedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 3blmedia.com Daily Mail and Mail on Sunday newspapers.
Spelman College Announces $250M Comprehensive Campaign Supporting Scholarships, Endowed Professorships and Innovative Programs
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ATLANTA, March 13, 2021 /PRNewswire/ Today, Spelman College announced the public phase of the largest comprehensive campaign in the history of the institution. With a goal of $250 million, Spelman Ascends is focused on the strategic initiatives of increasing financial aid, endowing faculty professorships, funding a technology infrastructure transformation and building a Center for Innovation & the Arts that houses programs in the arts, innovation and entrepreneurship.
In just over three and a half years, hundreds of generous donors have made gifts to Spelman, resulting in more than $240 million – 96% of the goal – that will support the College s strategic priorities: