
Tag: Diversity


New York Common Leads All US Public Pension Funds in Commitments to Diverse Firms
An NAIC report also found corporate pensions and union funds ‘lag significantly’ behind public pensions in hiring diverse managers.

Voting Support for NYC Pension Proxy Proposals Continues to Wane
Only 21% of proposals that went to a vote were supported by shareholders, down from 35% in 2022.

New York State Comptroller Seeks LGBTQ+ Information From 17 Firms
Cites U.S. Chamber of Commerce report finding that firms with inclusive policies financially outperform their sector peers.

Ontario Teachers’ Seeks Greater Accountability, Transparency in 2024 Proxy Season
The $184 billion pension giant is asking its portfolio companies to improve their climate-change risk management.

NYC Pensions Increase Allocation to Emerging Managers Following Outperformance
Minority- and women-owned managers have beaten the city’s pension funds’ benchmarks in all asset classes since 2015.

CalPERS Pledges to Boost Low-Carbon Assets to $100B
The $462 billion pension giant will more than double those assets as it aims to halve the carbon-emissions intensity of its investments by 2030.

Greenwashing Among Banks, Financial Services Firms Jumps 70%
A RepRisk report finds nearly 1,900 companies linked to a risk incident involving misleading communications.

Wisconsin Economic Development Corp. Hires Senior Investment Director
Greg Williamson will oversee the WEDC’s new Wisconsin Investment Fund.

Legislation Requiring Diversity Disclosures Introduced in House
The Improving Corporate Governance Through Diversity Act would require issuers to disclose information on diversity at the director and executive levels.

NYC Pension Funds File Board Diversity Proposals at 4 Firms
The city’s comptroller calls for disclosure of board members’ race and gender at Capital One, Las Vegas Sands, NextEra Energy and Caesars.

CDPQ Reports It Is on Target to Reach Net Zero by 2050

Cambridge Associates Reaches Minority Investment Target, Sets New Goal
After hitting its goal of making 10% of investments with diverse managers, the investment firm aims for 15% by 2025.

Gender-Diverse Asset Managers Get Better Results, Study Says
Equity returns are almost half a percentage point higher with more women in investment firms, per WTW.

New York State Comptroller Files Diversity Proposals
Thomas DiNapoli is calling for more accountability from portfolio firms regarding corporate diversity, equity and inclusion.