Social News

11/18/23: ESG Advocates Push for Better Definition and Quantification of the 'S' (Social) Factor

10/29/23: How to Continue Investing in Diverse Entrepreneurs

10/18/23: Fifth Circuit Court of Appeals Upholds Nasdaq's Board Diversity Rule

10/12/23: Department of Labor Issues Advisory Opinion Supporting Citigroup's Efforts to Diversify 401K Program Managers

10/10/23: California Governor Newsom Signs Groundbreaking Law Promoting Diversity in Venture Capital

10/4/23: Reuters' Timeline Chronicles Policies Disadvantaging Black Americans Since 1862

10/3/23: Eleventh Circuit Court of Appeals Grants Preliminary Injunction in Fearless Fund Case

9/26/23: Federal Judge in Atlanta Rejects Preliminary Injunction Request to Halt Venture Capital Fund's Consideration of Grants for Black Women-Led Businesses

8/31/23: New York State Bar Association Publishes Report from Task Force on Advancing Diversity

8/24/23: World Bank Approves $650 Million for Two New Projects in Argentina

8/10/23: Agricultural sciences company FMC Corporation has pledged $30.5 million to the UN-backed Zero Hunger Private Sector Pledge

8/2/23: The American Alliance for Equal Rights has filed a lawsuit against the Atlanta-based venture capital fund Fearless Fund, alleging racial discrimination

6/15/23: The National Football League (NFL) is securing a $78 million loan from a syndicate of Black- and minority-owned banks and community development financial institutions to increase lending in underrepresented communities

5/2/23: Global investment firm Energy Impact Partners completed fundraising at $112 million for its new Elevate Future Fund I LP

4/13/23: Apollo Global Management aiming to double the amount its portfolio companies are spending on diverse suppliers and vendors

2/21/23: Morningstar announces nine equity indexes incorporating UN Sustainable Development Goals (SDGs)

2/1/23: Wells Fargo announces $50 million grant to support the NAACP

1/26/23: One third of Gen Z UK workers rejected jobs because of ESG values

1/17/23: Fidelity commits $250 million to helping underserved minority college students

1/10/23: TPG launches TPG NEXT to invest in underrepresented alternative asset managers

11/29/22: Euronext launches two gender equality indices

11/22/22: EU adopts rule requiring 40% of non-executive directors or 33% of all directors be members of the under-represented sex

10/13/22: SEC staff FAQs about use of DEI by investment advisers

5/16/22: California court holds state law mandating California companies to include women on boards unconstitutional

3/25/22: The war in Ukraine raises questions regarding whether defense industry stocks should be part of an ESG portfolio

2/24/22: Citigroup’s elimination of overdraft fees to help the under-banked

2/1/22: Solidifying the S in ESG

8/30/21: A recap of recent corporate racial equity investments

6/22/21: How one capital allocator aligned its racial equity values with its investment strategy

6/16/21: How finance was able to move the needle against online sexual abuse

5/28/21: Companies are more receptive to diversity proposals by shareholders

10/23/20: Yale’s endowment measures money managers on staff diversity

10/20/20: Detailed report by the Business Roundtable on promoting racial and economic justice

9/23/20: Citigroup study calculates that racism has cost the U.S. economy $16 trillion

7/1/18: Evidence that diversity can improve returns