Posts in Fiduciary Future
Investors should be alarmed by the retreat of the Big Three asset managers from corporate stewardship

Not long ago, Larry Fink was writing annual letters to CEOs declaring that “climate risk is investment risk.” BlackRock, Vanguard, and State Street, the Big Three asset managers collectively controlling roughly $25 trillion, were telling corporate America that workforce diversity drives financial performance, that executive pay had to be tethered to long-term value, and that companies ignoring environmental risk were companies ignoring shareholder risk.

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Dear Shareholders: Your votes and your voice are needed more than ever

Shareholder advocacy is facing a defining moment.

Over the past year, actions by the Securities and Exchange Commission have introduced new barriers to participation in the proxy process—limiting who can file resolutions, restricting the use of exempt solicitations on EDGAR, and signaling a broader retreat from corporate disclosure requirements. Many shareholders are feeling a chill.

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Profit and punishment: The portfolio risks lurking inside private prisons

To investors scanning quarterly earnings, the story appeared straightforward: durable federal counterparties, multi-year contracts, and predictable per-diem payments. But beneath that apparent stability lies a business model exposed to litigation, regulatory volatility, reputational damage, and profound governance risk—much of it tied to alleged abuses inside detention facilities. 

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Social Justice Funds, a new tool for values-aligned investing

In 2015, we started Invest Your Values with a simple but radical idea: investors deserve to know what companies are hidden inside their mutual funds and ETFs. Every month, our platform analyzes more than 6,000 funds, making the invisible visible. Investors—from retirees checking their 401(k)s to endowments managing billions—use the data to uncover risks and align their investments with their values.

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Investors who refuse to take a loyalty oath to ExxonMobil should decline to join its ‘retail voting program’

By soliciting standing proxies that lock retail shareholders into management’s recommendations on every ballot item into the future, the program invites owners to abdicate their oversight power and replace judgment with blind faith in self-interested executives. That isn’t shareholder democracy – it’s a loyalty oath.

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The ugly details of the Big Beautiful Bill’s damage to US clean energy competitiveness

There is nothing beautiful about the One Big Beautiful Bill Act’s obstruction of US clean energy progress and American economic competitiveness.

Investors in public companies are concerned that the proposed bill, now before the Senate after it was passed by House Republicans by a one-vote margin, prioritizes culture war skirmishes over innovation and long-term economic stability and growth.

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