As a follow-up to Earth Day, the Investment Committee recommends two recent reports from our Legacy Fund investment manager. Banking on a Low-Carbon Future presents research on how well 59 of the world’s banks have implemented and acted upon their banks’ climate policies. The results are mixed. Active Investor Social Update is the First Quarter, 2018 report to clients. This one focuses on corporate governance and gender diversity in Japan, plus businesses’ Water Steward responsibilities as climate change threatens water security.