- Generation Investment Management announced a newly closed $1 billion Sustainable Solutions Fund for growth investments. The fund will focus on investments in growth-stage businesses in three areas: 1) planetary health; 2) people health; and 3) financial inclusion.
- Nasdaq launched a new voluntary global environmental, social and governance reporting guide for public and private companies, which includes the latest third-party reporting methodologies widely adopted by the industry and aims to help companies navigate the evolving standards on ESG data disclosure.
- Robert Eccles, a visiting professor at the University of Oxford, recently appeared on the Harvard Business Review's IdeaCast podcast to discuss why it's time to finally worry about ESG.
- Catalyst, a double-bottom-line private equity firm co-founded by Jim Sorenson, announced the launch of their inaugural real estate Opportunity Zone fund, which aims to raise $150 million to invest in high-potential but historically overlooked small and mid-market U.S. Opportunity Zone communities.
- Vanguard launched its first actively managed ESG fund, the Global ESG Select Stock Fund, which will begin trading in early June.
- The S&P Dow Jones Indices recently launched the S&P 500 ESG Index, which takes the benchmark 500 index and excludes companies that fail to meet certain ESG criteria.
Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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