Action Center on Race & the Economy

For Climate-friendly Passive Asset Management Regulatory Reform

  • Amount
    $250,000
  • Program
  • Date Awarded
    11/14/2020
  • Term
    12 Months
  • Type of Support
    Project
Strategies
Overview
The Action Center on Race & the Economy, in partnership with Americans for Financial Reform Education Fund, the Public Accountability Institute, and Bargaining for the Common Good, seeks to direct heightened attention to the issues with fiduciary duties, and the changes that should be made to modernize them and better align them with other advanced economies, especially with regard to integration of climate-focused ESG factors. The center will educate investors about climate-friendly ESG funds, push regulators to require fiduciaries responsible for overseeing retirement accounts and other investments to integrate climate-related risks and opportunities into their investment decisions, produce a robust report on the investment of major asset managers in high carbon emitting corporations, and make genuinely climate-friendly ESG funds more readily available to customers. (Substrategy: Climate Finance)
About the Grantee
Address
1901 West Carroll Avenue
Chicago, IL 60612
Grants to this Grantee
for climate-friendly passive asset management regulatory reform  
The Action Center on Race & the Economy, in partnership with Americans for Financial Reform Education Fund, the Public Accountability Institute, and Bargaining for the Common Good, seeks to direct heightened attention to the issues with fiduciary duties, and the changes that should be made to modernize them and better align them with other advanced economies, especially with regard to integration of climate-focused ESG factors. The center will educate investors about climate-friendly ESG funds, push regulators to require fiduciaries responsible for overseeing retirement accounts and other investments to integrate climate-related risks and opportunities into their investment decisions, produce a robust report on the investment of major asset managers in high carbon emitting corporations, and make genuinely climate-friendly ESG funds more readily available to customers. (Substrategy: Climate Finance)

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