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Brendan McDermid - 1 Lori Heinel - 1 let's - 1 Ross Kerber - 1 Stephen Coates - 1
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Global Advisors - 1 New York Stock Exchange - 1 REUTERS - 1 Rights BOSTON - 1 Street - 1 Street Global Advisors - 1 Services - 1 ISS - 1

Search resuls for: "Lori Heinel"


4 mentions found


☆ State Street adds option to fully back corporate boards
  + stars: | 2023-11-29 | by ( Ross Kerber | Thomson Reuters | Ross Kerber Is U.S. Sustainable Business Correspondent For Reuters News | ) www.reuters.com   time to read: +2 min
A State Street Global Advisors banner is hung outside the New York Stock Exchange (NYSE) in New York, U.S., March 8, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsBOSTON, Nov 29 (Reuters) - State Street's (STT.N) asset-management arm will give retail investors an option to fully back corporate boards as it brings online features to allow fund shareholders to control their proxy voting rights, executives said. The option comes as State Street and rivals move to devolve proxy voting powers to shareholders on matters like director elections or environmental, social and governance (ESG) issues. But even that policy directed some proxy votes to be cast against boards' recommendations on governance questions like executive pay or share structure, said Lori Heinel, global chief investment officer at State Street Global Advisors. State Street Global Advisors manages $3.7 trillion in all.
Persons: Brendan McDermid, Lori Heinel, let's, Ross Kerber, Stephen Coates Organizations: Global Advisors, New York Stock Exchange, REUTERS, Rights BOSTON, Street, Street Global Advisors, Services, ISS, Republican, Thomson Locations: New York, U.S
☆ Analysis: Vanguard's climate group exit shows retail investors trail on ESG
  + stars: | 2023-01-12 | by ( Ross Kerber Tommy Wilkes | Ross Kerber | Tommy Wilkes | ) www.reuters.com   time to read: +5 min
It said 80% of its close to $8 trillion in assets are in its index funds, which primarily attract retail investors. Vanguard's biggest competitors, BlackRock Inc (BLK.N) and State Street Corp's (STT.N) asset-management arm, rely more on institutional investors including pension funds and foundations. Many retail investors are also interested in matters like climate change, but prioritize them less in building retirement portfolios, said Rosenbluth and other industry analysts. A FINRA Investor Education Foundation study of retail investors last March found only 9% of respondents held ESG investments. A big factor behind this gap is retail investors' lack of familiarity or knowledge about ESG products, the study found.
☆ Financial executives and Texas Republicans spar over climate actions
  + stars: | 2022-12-15 | by ( Ross Kerber | ) www.reuters.com   time to read: +2 min
Dec 15 (Reuters) - Financial executives and Texas state senators clashed over company concerns for climate change at a hearing on Thursday, a rare in-person confrontation as Republicans ramp up attacks on the use of environmental, social and governance (ESG) factors in investing. Texas Republicans at the hearing, which was webcast, questioned whether the participation of BlackRock Inc (BLK.N) and State Street Corp (STT.N) in industry efforts to cut emissions put too much pressure on portfolio companies. Even as they take heat from energy-producing U.S. states, asset managers have faced pressure from climate activists and Democrats to take more environmental action. With some $8 trillion under management, BlackRock has been singled out by Texas for alleged over-pressuring of its important energy sector. A number of State Street funds were also designated.
☆ BlackRock executive and Texas Republicans spar over climate actions
  + stars: | 2022-12-15 | by ( Ross Kerber | ) www.reuters.com   time to read: +1 min
Dec 15 (Reuters) - A BlackRock Inc (BLK.N) executive and Texas state senators sparred over the firm's membership in an investment group aiming to limit climate change at a hearing on Thursday. Republicans at the hearing, which was webcast, questioned if BlackRock's membership in the Climate Action 100+ committed it to putting too much pressure on portfolio companies to take steps to reduce emissions. BlackRock Senior Managing Director Dalia Blass said the firm had maintained its independence within the group. “We have one bias, and that's to get the best risk-adjusted returns for our clients," Blass said. Reporting by Ross Kerber Editing by Frances KerryOur Standards: The Thomson Reuters Trust Principles.
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