Lloyds Banking Group’s corporate social responsibility efforts offer a template for how banks can leverage their core competencies to help build a better society.
The global financial giant Citigroup announced earlier this week that it would close the gender pay gap in three countries where it conducts business. But the divide in pay across the financial industry is still far too wide, say critics.
BlackRock and its founder and CEO, Laurence D. Fink, made waves earlier this week when he said in an open letter that it was finally the time for companies to do more than focus on the bottom line. But to some critics, those words have not been matched by action.
This week, Amazon Watch and CREDO announced they had delivered over 120,000 signatures on petitions urging BlackRock, Inc. and JPMorgan Chase to stop the financing of what activists say are destructive oil exploration activities in the Western Amazon region of Peru and Ecuador.
Climate-related disasters, including the hurricanes and wildfires that dominated headlines during late 2017, exceeded $300 billion in total costs last year – a new annual U.S. record.
Groups in Romania and Costa Rica are creating a new kind mortgage that upends the industry, making it a given to choose a green home.
The impact of yearly hurricane seasons can no longer be measured solely in how much private insurers have to pay out of pocket to rebuild homes. Harvey, Irma and Maria are teaching us valuable lessons about what’s really at stake when the climate deals a blow.
Visa announced the launch of its new foundation this week and with it, a contribution of $20 million to World Women’s Banking. Its aim is to develop new products and services for women entrepreneurs in underserved communities. But not everyone feels microloans with large repayment percentages by for-profit companies are helping struggling business owners. Can Visa break that cycle?
Zurich-based ResponsAbility generates wealth for investors while boosting sustainable development opportunities worldwide. This fund invests about $1.2 billion a year in ventures across the globe – and helping launch social enterprises and clean energy projects in places usually off most investors’ radar, from Egypt to Bhutan.
The team that launched bitcoin-technology based SolarCoin kicked off Greeneum. This blockchain project seeks to leverage digital currency in order to boost the generation and consumption of renewables, while also allowing for decentralized energy trading.
A recent survey led by the CFA Institute noticed a Mars-Venus divide between how men and women in the investment management profession view the value of CSR.
Lemonade, the online home and renters’ insurance company, has announced a change to its coverage plans. At a time when more brands are taking stands, the New York-based company’s decision appears to be far from popular with its announcement that it would cap reimbursement for the damage or theft of any firearms to $2,500.
The pint-size bronze statute of the Fearless Girl defiantly staring down Wall Street’s iconic bull is a bit more tarnished this week. So is the reputation of the company that paid for its installation. The US Labor Department just slapped State Street Corp with a $5 million gender and racial discrimination settlement.