Investor advocates, religious groups and proponents of ESG investing argue the changes are a gift to business lobbyists that will muzzle corporate critics.

A State Street fund avoiding crude holdings has beaten the S&P 500 by 3.6 percentage points since its inception, generating an annual return of 12.9%.

The fund giants voted for 99% of U.S. directors proposed by the energy, utility, banking and automotive companies reviewed by nonprofit research group Majority Action.

The industry’s largest money manager experienced record inflows to sustainable products in the first six months of the year.

The pandemic has underscored the need for more socially and environmentally responsible financing.

Funds that buy debt backing sustainability matters grew 12% from the end of 2019 globally, reaching a record $209.5 billion of assets, data show.

The department’s new proposal would restrict when fiduciaries can vote in retirement plans.

Fidelity's letter to the Labor Department says the proposal isn't “well grounded or supported by much of the emerging data.”

“Given the moment that we’re at in history with all of the threats to racial, gender and climate justice, it really felt like it was time to expand what we were doing.” Rachel Robasciotti says.

A range of factors have been cited for the clean-tech rally, including maturing wind and solar industries after a collapse in oil prices earlier this year.

More than 95% of comment letters submitted were opposed to the Labor Department’s proposed rule, according to a new analysis.

“How many minority-owned ETFs do you know?” an advisor asks.

The framework provides asset managers with a set of recommended actions, metrics and methodologies to help them meet the “net-zero emissions” goal by 2050.

Trading under the ticker EFIV, the fund will exclude companies involved with tobacco-related products and weapons.

An iShares ETF investing in companies it says has “positive environmental, social and governance characteristics” has more than tripled gains of the S&P 500.

At the height of pandemic-related job losses, 18.9% of Americans with disabilities were unemployed, data show.

A typical investment for Nuveen's $5.8 billion impact investing unit these days ranges from $20 million to $60 million, says its co-head.

The current proposal “would lead to worse outcomes for plan participants as plan sponsors shied away from assessing ESG risks in selecting investments,” the research firm says.

Secretary of Labor Eugene Scalia said retirement plans aren’t for “furthering social goals or policy objectives that are not in the financial interest of the plan.”

The industry’s lack of Black people and other minorities may explain why the world of social investing has fallen short on pushing corporations on race.