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EU picks BlackRock to advise on ESG integration for banking (1 min read, Financial Advisor) The advisory role of the firm might create a backlash, given that it is considered as one of the worst asset managers at climate engagement.
Investors Know Little About ESG Investing, and FAs Aren’t Helping (1 min read, Financial Advisor) Among investors who don’t engage in sustainable investing, 47% say a major factor is that they don’t know enough about it. But when presented with an explanation of sustainable investing, 52% of U.S. investors became interested.
ESG Ratings Could Predict Outperformers (Morning Star, 4 min read) S&P 500 plunged 26.9% between February 19 and March 26, companies with a high Fidelity ESG rating (those rated A or B) outperformed. while those measured C to E endured more significant falls relative to the S&P.