‘major turning point’ for responsible ESG investing, says JPMorgan

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The coronavirus pandemic and the destruction left in its wake could lead to a greater adoption of socially responsible investing, according to JPMorgan.

In a report released Wednesday, the firm said that Covid-19 could prove to be a “major turning point for ESG,” which is when investors consider a company’s environmental, social and governance factors alongside traditional metrics like balance sheet strength and earnings growth potential. 

“The COVID-19 crisis has not only brought on the greatest recession since World War II, but investors are also calling it the 21st century’s first “sustainability” crisis and one that has renewed the

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Jeff Ubben tells the FT he is leaving ValueAct for social investing: ‘Finance is, like, done’

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Jeffrey Ubben

Source: BusinessWire

ValueAct Capital’s Jeffrey Ubben has reportedly left the firm he founded in 2000 to focus on socially responsible investing full-time, a new report from the Financial Times said.

Ubben will launch a new fund called Inclusive Capital Partners, according to the Financial Times, where he’ll be joined by two former ValueAct colleagues as well as Coalition for Inclusive Capitalism CEO Forester de Rothschild.

The move is not completely out of left field since Ubben has managed the firm’s socially responsible fund, known as the ValueAct Spring Fund, since its launch in 2018. He will continue

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Sustainable investing is set to surge in the wake of the coronavirus pandemic

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The coronavirus pandemic altered society in immeasurable ways, including, of course, investing. Stocks that benefited from people staying home, such as Netflix and Zoom Video, outperformed expectations in the past few months, while retailers and airline companies, among others, saw their stocks fall off a cliff. And now some of those worst-performing stocks of March and April are now staging a comeback, as economies begin to reopen.

But there could be a more long-lasting effect on Wall Street: Covid-19 may well prove to be a major turning point for ESG investing as the pandemic alters society’s values.

This investing approach,

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Investing in Spanish Nissan factory cheaper than closing it: Spanish official

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(Reuters) – Nissan Motor (7201.T) would find it cheaper to invest in its Barcelona factory than to close it, a senior Spanish industry ministry official said on Monday, pegging the estimated cost of a shutdown at more than 1 billion euros ($1.1 billion).

FILE PHOTO: A Nissan logo is pictured at Brussels Motor Show, Belgium, January 9, 2020. REUTERS/Francois Lenoir/File Photo

Europe has long been a difficult market for automakers due to overcapacity, stiff competition and tight regulations, and economic shutdowns to stem the spread of the coronavirus have piled on more pressure.

People with knowledge of the

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