The 'S' in ESG needs to look beyond reining in executive compensation, NYU's Stern report says.
As funds focused on environmental, social and governance issues evolve, a new report says investors need to pay more attention to the “S” in ESG, especially how investing decisions impact low-wage workers.
“There are changes in worker responses and organizing that may shift the calculus for traditional investors,” she said. Ride-hailing drivers for Uber Technologies Inc. UBER, -2.07% have fluctuating wages, little to no benefits and lack employee protections like unemployment insurance. Uber, whose business model relies on low labor costs, has consistently fought to avoid treating drivers as employees despite legal and legislative challenges around the world. Yet, the report notes that shares of Uber are among the holdings of the most popular ESG exchange-traded fund, BlackRock’s iShares ESG Aware USA ETF ESGU, -0.
Also: Raising Walmart’s starting pay by $5 wouldn’t just mean livable wages — it could help workers live longer, new report says
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Sustainable investing is Wall Street myth, ESG funds don't stop climate changeInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Les mer »
Sustainable investing is no different from ‘value’ investing, says asset managerESG factors can help investors to find companies with the potential to do well in the long term, said Yimei Li, CEO of China Asset Management.
Les mer »
Buying a home is a goal for many Americans. How this bank is helping members of low- and moderate-income communities achieve thatBank of America has established a $15 billion initiative to help Americans buy homes. So far, the company says it has helped 29,000 people reach that goal.
Les mer »
US unemployment claims fall to new pandemic low of 290,000WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week to a new low point since the pandemic erupted, evidence that layoffs are declining as companies hold onto workers.
Les mer »
Jobless Claims Fall to Pandemic Low Behind Tight Labor MarketWorker filings for initial unemployment benefits decreased to 290,000 last week from a revised 296,000 a week earlier, the Labor Department said Thursday.
Les mer »