| From across the nation and around the world, INSIGHTS-edge brings you news, commentary and research in key areas of interest regarding ESG, Sovereign Wealth Funds and US Public Sector Pension Funds. We watch the watchers...who are watching you. ESG / Sustainability China among worst emerging markets for ESG compliance
(Source: CityWire) Figures published by responsible investment research group EIRIS reveal China, Egypt and Vietnam are the worst emerging market performers in terms of adhering to environmental, social and governance (ESG) factors. Private equity ‘barbarians at the gate’ of ESG: conference report
(Source: Responsible Investor) Some of the world’s largest private equity companies, battling an image problem and a shift in market dynamics, had very warm words about incorporating environmental, social and governance (ESG) factors into their operations at a conference in London last week. Wal-Mart, others join in push against carbon
(Source: VINDY.com) Vindicator! You never heard of the world’s greatest — and most unlikely — environmentalist, Mike Duke. See? Told you. While senators Lieberman and Kerry ponder what to do about carbon in our atmosphere, Duke has done more to take more carbon out of more lives than any person on the planet. And in the next five years, he will do even more. Greening the Supply Chain
(Source: Industry Week) More News »Introducing environmental considerations to a firm's supply chain often can be a source of innovation and competitive advantage. It also can be a huge challenge, since tasks within a supply chain are interlinked. One sustainability initiative may have ripple effects not only within the firm, but also across firm boundaries and geography. The Historical Perspective on BP: ESG Analytics Research on Firm's Labor and Environmental Practices
(Source: RiskMetrics Group) As part of their coverage of the ongoing Gulf crisis, Forbes and BusinessWeek have each reported on how socially responsible investors (SRI) view BP. Both articles cite sources who mention BP’s positive steps in alternative energy development, among other environmental, social and governance (ESG) initiatives. Sovereign Wealth Funds El-Erian Says Sovereign Wealth Funds to Gain From ‘New Normal’
(Source: Bloomberg/BusinessWeek) Mohamed A. El-Erian, whose firm runs the world’s biggest mutual fund, says sovereign wealth funds are poised to profit from a reshaping of the global economy known as the “new normal.” Sovereign Wealth Funds Returning to Health
(Source: The Epoch Times) Sovereign wealth funds (SWFs), or government-owned investment funds, have risen in prominence in recent years among oil and cash-rich nations as a way to invest in foreign businesses. Qatar to be largest overseas property investor in 2010- report
(Source: Reuters) Qatar is expected to be the largest source of global real estate capital during 2010, real estate consultancy Jones Lang LaSalle said in a report published on Sunday. The country, which has emerged as "a new global powerhouse," is expected to rank as the number one global overseas investor in 2010, according to the firm. |
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US Public Sector Pension Funds California pension fund considers rate increase
(Source: Mercury News) SACRAMENTO, Calif.—Board members of California's largest public pension fund said Tuesday they are likely to take more money from the state general fund to pay employee pension benefits, a proposal that has led to criticism at a time when the state faces a $19 billion deficit. Ex-Hevesi aide led $35 million fraud scheme: Cuomo
(Source: Reuters) New York Attorney General Andrew Cuomo accused an indicted top aide to former state comptroller Alan Hevesi of running a $35 million fraud over the placement of billions of dollars of investments by the state's biggest pension fund. State Plan Makes Fund Both Borrower and Lender
(Source: NY Times) ALBANY — Gov. David A. Paterson and legislative leaders have tentatively agreed to allow the state and municipalities to borrow nearly $6 billion to help them make their required annual payments to the state pension fund. And, in classic budgetary sleight-of-hand, they will borrow the money to make the payments to the pension fund — from the same pension fund. Pension Plans Go Broke as Public Payrolls Expand: Joe Mysak
(Source: Bloomberg/BusinessWeek) Seven states will run out of money to pay public pensions by 2020. That hasn’t stopped them from hiring new employees. The seven are Illinois, Connecticut, Indiana, New Jersey, Hawaii, Louisiana and Oklahoma, according to Joshua D. Rauh of the Kellogg School of Management at Northwestern University. Combined, they added 9,700 workers to both state and local government payrolls between December 2007 and April of this year, says the U.S. Bureau of Labor Statistics. Watching the Watchers  The Corporate Library
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The Corporate Library staff are pioneers in the modern corporate governance movement. Some of the leaders came together in the former “Lens Fund,” headed by Robert A. G. Monks, and established TCL as a research and evaluation organization monitoring (most closely) board performance, especially in executive compensation areas.
Statement from the Corporate Library: “Now in its tenth year, The Corporate Library provides independent corporate governance research and analysis to enable its clients to enhance value."
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