Yahoo Finance/Reuters: Support for shareholder resolutions pressing U.S. companies for environmental and social reforms fell to 16% on average for the 12 months ended June 30, half the rate of three years ago, data from Morningstar shows.
ESG Dive: HSBC departs NZBA in a year where it has appointed a new chief sustainability officer and delayed its net-zero target date by two decades, from 2030 to 2050.
Funds Europe: ESG investing appears to have hit a major roadblock. Donald Trump’s return to the White House has set off a fierce backlash against the use of environmental, social and governance (ESG) principles in investment.
ESG News: The UK has announced a £12 million funding package aimed at bolstering disaster risk finance for climate-vulnerable countries—part of a broader strategy to position the UK as a global hub for sustainable finance and green economic growth.
Funds Tech: 21X, a Frankfurt-based fintech, has partnered with SwissFinTechLadies (SFTL), a network of women in finance, tech and blockchain, to promote diversity across Europe’s financial sector.
ESG News: Tikehau Capital has announced a €1 billion capital raise to fuel the continued global expansion of Egis, its portfolio company and a leader in sustainable infrastructure, engineering, and mobility services.
ESG Today: EU markets regulator the European Securities and Markets Authority (ESMA) announced the release of a new thematic note aimed at guiding market participants including issuers and fund managers on its expectations for sustainability-related claims, and avoiding greenwashing risks in investor communications.
Funds Europe: According to the latest Fund Flow Index from funds network Calastone, equity funds saw outflows of £98m during the month (inflow of £525m in May), while bond funds saw inflows fall to £195m (£328m in May) and safe-haven money markets saw inflows rise to £218m (£85m in May).
ESG Today: Singapore-based real estate investment manager CapitaLand Investment (CLI) announced the launch of its new “Return on Sustainability (RoS) framework,” aimed at quantifying the financial value of green capital expenditure.
ESG News: The Green Climate Fund (GCF) Board has approved a historic $1.225 billion in funding at its 42nd meeting, marking the largest amount ever allocated during a single session.
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