- Major institutional investors are moving to change the indexes. The world’s largest pension fund, the Government Pension Investment Fund of Japan, has moved $40 billion in its equities portfolio from a traditional passive index based on market capitalization to one weighted for environmental, social and governance themes and, in particular, de-carbonization.
- If it takes hold, the change could trigger a massive shift in assets and, over time, reward companies that make faster transitions to the low-carbon economy and punish those that move slower.
- With many global leaders effectively no-shows at Monday’s Climate Action Summit at the U.N., it falls to finance to declare an end to the fossil-fuel era and power up the zero-carbon future.
- “We firmly believe that data offers unparalleled potential to make the world better,” said Splunk’s Ammar Maraqa.
The Lexington, Kentucky-based company’s non-toxic, refillable direct-to-consumer cleaning products cut down on packaging and transport.
- Another everyday staple is under scrutiny.
- Blackrock and Vanguard voted against shareholder resolutions pressing climate change concerns in the past year at Exxon, Duke Energy, Dominion Energy, GM and Ford, among others.
- As legacy private equity firms move into impact investing, the impact of the rest of their portfolios are getting a closer look as well.