Tag Archives: Hedge Funds and Private Equity

News Release: Department of Labor to Allow Retirement Plans to Consider Sustainability, Jobs, Equity, and Worker Rights

WASHINGTON, D.C. — The U.S. Department of Labor’s final rule takes an important step to safeguard the savings of millions of workers who participate in private-sector employee benefit plans by allowing workers’ private retirement plans and pensions to consider sustainability factors like climate change, workers’ rights, racial, economic and environmental justice, and corporate governance when investing and voting proxies.

News Release: New Scorecard Shows Private Equity’s Race to the Bottom on Climate

The Carlyle Group, Warburg Pincus, and KKR are the top three offenders on climate among private equity firms, continuing to invest in polluting industries and exposing investors to significant climate-related risk, according to a new scorecard developed by the Private Equity Stakeholder Project (PESP) and Americans for Financial Reform Education Fund (AFREF). 

Blog: Private Equity and The Care Economy

Having a rapacious business like private equity watching over particularly vulnerable people has never been a good idea. Still the evidence is mounting that Wall Street has pushed the envelope in recent years. Nursing homes, youth facilities, and homes for disabled adults have all fallen under the ownership of an industry with a track record of prioritizing wealth extraction over running companies well, to say nothing of caring for people in need.