Family office facts: There are currently over 10,000 family offices globally, compared to the 1,000 global family offices in 2008. Read more about how family office are driving sustainable investing forward: https://t.co/kHtO0jnS0A
Family offices are well positioned to positively impact the societal issues of our future. Read our latest white paper: https://t.co/fE4MJVUZVN
#ESG#FamilyOffices
Family office facts: There are currently over 10,000 family offices globally, compared to the 1,000 global family offices in 2008. Read our latest article: https://t.co/Bs0Ah2xbxQ
#FamilyOffices#ESG
New #Deloitte survey finds senior executives are proactively taking action to ensure they are presenting reliable ESG data with almost 9 in 10 noting that their organization will enhance its #ESG controls. Read the report here: https://t.co/HW7hEVi3tg
Proxy season is around the corner. Last year, 40% of shares held by institutions voted in favor of #ESG proposals, up from 35% in 2020 and 29% in 2017. (Source: ProxyPulse Report)
Women hit a record share of S&P 500 Board Seats in 2021. Energy, industrial and IT sectors led female directors' gains. Women gained 113 more seats on all #S&P 500 boards in 2021.(Source: Bloomberg)
SEC Chair, Gary Gensler, has #ESG on his agenda. Climate change: enhanced disclosures on climate-related risks & opps. Board diversity: disclosure on diversity of board members & nominees. Human capital management: additional disclosure on how companies manage their workforce.
"The Fed did not opt to raise interest rates Wednesday because policymakers have messaged that they want to end the central bank’s pandemic-era policy of asset purchases first. The first pandemic-era rate hike could be coming in six weeks." (Source: Yahoo Finance)
Dow Jones launches new ESG scores. The new data include #ESG scores for over 6K companies rated across 26 sustainability categories. The model is aligned with SASB standards, and uses a news-driven method, combining company-disclosed data with news from thousands of sources.
"Stakeholder capitalism is not about politics. It is not a social or ideological agenda...Sustainable investments have reached $4 trillion. The tectonic shift towards sustainable investing is still accelerating." Larry Fink, CEO of @BlackRock in his annual letter to CEOs.
By 2030, AI will lead to an estimated $15.7 trillion, or 26% increase, in global GDP, based on PwC’s Global Artificial Intelligence Study. Increased productivity will contribute to approximately 40% of this increase while consumption will drive 60% of #GDP growth.
A strengthening labor market and higher #inflation led to a Fed who doubled the monthly taper pace - $20B TSY/$10B MBS. The Fed reiterated its guidance that there will be no rate hikes until the taper has been completed and penciled in three hikes in 2022.
"A recent survey by the GARP Risk Institute found that just 6% of firms think that climate risk is fully priced in, though “quite a lot of them do think that it's partially priced,” Jo Paisley, president of GARP Risk Institute, told Yahoo Finance."
"UK-based #ESG equity funds saw a record 1.5B pounds in inflows in November as #COP26 climate talks spurred investor interest in sustainability, according to funds network Calastone." (Source: Rueters)
As ESG gains traction, firm's are bringing in ESG experts to provide guidance on environmental, social and governance issues.kk #KKR, recently formed a Sustainability Expert Advisory Council headed by the co-chair of the Sustainability Standards Board, #RobertEccles.
At #COP26, "China pledged to begin addressing its methane emissions, but the agreement had little in the way of details. Under the new China-US “working group” the bilateral climate conversation is set to continue despite the wider strategic tensions." (Source: Financial Times)
"As of Nov. 5, there was an estimated 11.2M US job openings, according to Indeed, exceeding 7.4M unemployed workers in the US labor force last month." (Source: WSJ)
#GreatResignation#Economy