The Covid-19 pandemic precipitated a sudden disruption in the workplace as stay at home mandates took hold in March of this year. Remote working was broadly implemented across many industries, and only recently have restrictions been eased in many areas hit hard by the virus to allow offices to re-open, if only on a limited basis.
IMN is producing a virtual conference on Biotech ABS in late November. The sector has seen over $60Bn of issuance already in 2020 driven primarily by healthcare investing since Covid-19 outbreak. The event will include panel sessions focusing on the US and European markets, as well as panels covering the asset class globally.
IMN is asking FIIN members actively investing in the sector to join the conference as panel moderators and discussants. Programming is currently underway and if interesting please contact Lauren Kerr on firstname.lastname@example.org.
FIIN’s ESG Task Force members were recruited as moderators and panelists for several webcasts at IMN’s Solar, Pace and ESG Virtual Conference held from September 2nd to 4th. Task Force member Nate Gabig of KPMG kicked off the event as the moderator of the first session focused on Solar in the ABS Market. Discussants included Danny Abajian of Sunrun, Alex Kaplan of Mosaic, Stepen Viscovich of CS, and Gary Blitz of Aon. Themes covered include recent solar transactions, the state of various segments of the solar marketplace, the ITC tax credit, technological advancements and other issues.
On June 30th the US Department of Labor released a proposed rule on Financial Factors in Selecting Plan Investments which would amend the “Investment Duties” regulation (12 CFR 2550.404a- 1). The DOL explained in a press release that the rule was designed to “… provide clear regulatory guideposts for plan fiduciaries in light of recent trends involving environmental, social and governance (ESG) investing.” The proposed rule affects employee retirement accounts that fall under the ERISA Act of 1974. At its core, the rule dictates that investment decisions must put “pecuniary factors” ahead of ESG factors when making investment decisions. The rule in its entirety can be found here: https://bit.ly/30wqQqc