socially conscious investors News

American Airlines’ ESG-Based Investing for 401(k) Plan Is Illegal, US Judge Rules

A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its employee retirement plan on environmental, social and other non-financial factors. The ruling by U.S. District Judge Reed O’Connor appeared to be …

Insurer Pulls Plug on Socially-Conscious Investment Platform Targeting Millennials

In 2017, Pacific Life Insurance Co. introduced a socially conscious, online investing platform tailored to thirtysomethings eager to use their assets to make the world a better place. Those investors proved more expensive and rare than the company thought, and …

Green Bonds Boom Stirs Calls for Clearer Standards

Issuance of green bonds for companies working on battling climate change are booming, but investors say the label needs safeguards against bogus proposals that could sour retail buyers and wealth advisers just starting to tune into the securities. Right now, …