With the winter holidays and a busy quarter, we took a couple months off from publishing this newsletter. Today, we’re back with the articles we’ve been reading (including a few catchups from January). – Ryan Miller
On ESG and Impact:
Despite rapid inflows, the ESG fund market remains highly fragmented (Institutional Investor)
Sustainable debt issuance, led by social and sustainability bonds, set a record for volume in 2020 at $732b (Bloomberg)
Apple, McDonald’s, tie compensation to ESG metrics (CNBC-Apple, Bloomberg-McDonald’s)
CFOs are leveraging ESG metrics to lower borrowing costs (Wall Street Journal)
Odjfell, AB InBev, Carlyle among organizations that have recently secured ESG-linked loans (Odjfell, Bloomberg- AB InBev, New York Times-Carlyle)
A history of ESG data (Nossa)
ABP, the €458bn Dutch pension fund, has created 10 principles on tax responsibility for its portfolio (Responsible Investor, ABP Principles)
On Private Markets:
Pete Stavros, KKR Executive and employee ownership-enthusiast, continues to push for ESOPs in private equity transactions (Wall Street Journal)
Bloomberg’s latest on private equity investments in healthcare looks at False Claims Act violations (Bloomberg)
On Business:
The data privacy and security risks raised by Joe Biden’s Peloton (New York Times)
UK announces that ‘buy now, pay later’ companies will fall under the supervision of the Financial Conduct Authority (CNBC)
‘Inside the greenwashing of big oil’ (Vanity Fair)