Each month, we put together the articles our (fast-growing) team has been reading. We hope you enjoy. – Ryan Miller
Malk Climate Change Articles:
In honor of Earth Day, the Malk team is publishing on our website small features on climate change intersecting with ESG management. First up: How the Biden administration’s climate change announcements fit into the world of ESG regulation.
On ESG and Impact:
Blackrock study finds divesting from fossil fuels boosted performance (Responsible Investor, New Yorker)
The Nature Conservancy launched a review of the validity of its own carbon offset projects (Bloomberg)
The UN Principles of Responsible Investment unveil a new three-year strategy (PRI)
After years of data collection, Federated Hermès found a consistent correlation between ESG scores and credit default swap (CDS) spreads (Federated Hermès)
On Private Markets:
Systemic market risks associated with alternatives may transcend ESG management (Institutional Investor)
How private markets impact capital could be used to accelerate employee ownership (Fifty by Fifty)
An empirical examination of private equity’s impact on health outcomes in hospitals, outpatient care, staffing, and emergency room services (Center of Economic Policy Research) – related: Wyoming leaders fight back against a services cut at their local, PE-owned hospital (Wall Street Journal)
The “likability” issue with private equity teams (eFinancial Careers)
On Business:
Remote work led to more gender and racial harassment in tech ‘workplaces’ (NPR)
MIT study shows the negative impact on employment and wages from adding robots to the workforce (MIT Sloan)
The large companies that avoid any tax liability (New York Times)
Inside the chilling, but legal, tactics Amazon used to push back on the Bessemer union vote (Slate)