June 30, 2021 Read More →

ESG-focused investors get huge boost to force change in ESG-laggards

ValueWalk: 

Engine No. 1 received $100 million from “prestigious investors” to start its ESG-focused exchange-traded fund (ETF) and partnered with digital investment adviser Betterment.

The activist stated that investment strategies should start to look at ways to effect change at ESG-laggards and not just divest. “There shouldn’t be a trade-off between positive impact and financial performance,” said Yasmin Dahya Bilger, Head of ETFs at Engine No. 1. The ETF’s suggested ticker, VOTE, “will be a unique solution to this long-time concern, enabling index investors the ability to generate long-term value while bringing action to the most critical environmental, social, and governance issues facing these companies,” she added.

More: Engine No. 1 receives $100M to start its ESG-focused ETF 

Posted in: IEEFA In the News

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