Treasurer Summers to Host 13th Quarterly Earnings Call on May 22nd

 City portfolio to begin integration of Environmental, Social, Governance investing in 2018

CHICAGO – Chicago City Treasurer Kurt Summers will host the 13th Quarterly Earnings Call on Tuesday, May 22, 2018 at 12:00 PM CT to report on the City of Chicago’s investment portfolio performance in Q1 2018. Treasurer Summers will be joined by Jon Hale, the director of sustainability research at Morningstar, to discuss the Treasurer’s commitment to fully integrate environmental, social, and governance (ESG) considerations into the City’s entire $8 billion portfolio.

Dr. Hale has been a research leader at Chicago-based Morningstar for nearly 20 years, where he helped develop a sustainability rating system for investors that evaluates how well companies in a fund’s portfolio are managing ESG factors relevant to their industries.

Register for the call and webinar here.

“Sustainable portfolios are not just high-minded social pursuits. By taking into account ESG issues that are often overlooked in conventional investments, sustainable portfolios deliver competitive returns and have shown the ability to better weather market volatility, as they did in the first quarter of 2018,” said Hale. “The City Treasurer’s Office has recognized that by pursuing ESG as a guiding principle for its investment portfolio, the city can effectively reduce risk and generate better long-term returns for Chicago’s residents.”

Treasurer Summers added, “By focusing our portfolio on ESG, the city will establish a path to more fiscally prudent and socially responsible investments for the people of Chicago and create a model for responsible investing that will serve as a guide for other large institutional investors interested in pursuing this innovative and important direction.”

All are welcome to join the Quarterly Earnings Call by registering here. After registering, participants will be able to dial-in to the call or watch the presentation with audio online. If members of the press or other attendees would like to submit questions ahead of time to be answered on the call, then please email City.Treasurer@cityofchicago.org.

 

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