ABERDEEN GROUP ADR Aktie

 

Aberdeen chair says some asset managers may have put themselves at legal risk by exaggerating ESG roleBusiness live – latest updatesPension funds and institutional investors made a “huge mistake” and exaggerated their role in environmental, social and government (ESG) issues to promote their products, the outgoing chair of Aberdeen Group, Douglas Flint, has said.Flint, who has chaired the recently rebranded fund manager since 2019, said “ridiculously extravagant claims” had been made by some companies, which were driven by a mindset that their job was “not really about investing money: we're just jolly good people and we're saving the world”. Continue reading......

Asset manager Aberdeen's surprise cut to funding research into inequality has left those that used its grants for good works reelingThe axe fell with shocking suddenness. On Thursday Aberdeen Group plc terminated its Financial Fairness Trust without notice and sacked the CEO, Mubin Haq, the chair and all the trustees, leaving eight staff dangling. The company tells me it plans to move in a different direction. That dreaded phrase marks the end of 16 remarkable years, during which the trust sponsored some of the most influential research into inequality and its financial causes.Aberdeen is a wealth management and investment company. I admired its willingness to fund research not in its own immediate interest, but for the sake of social improvement, as a sign that decent capitalism was possible. Now that's over. The mood has changed. Wildfires started by President Trump are engulfing global companies as his administration attempts to bar asset and retirement plan managers from considering environmental, s...