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ESG Newsletter

      'Strengthen — Not Weaken': Big Business Calls for Policies That Drive Action on Nature

      2024-07-19

      GreenBiz: Some of the world's largest businesses and financial firms have urged governments to embrace more ambitious policies to halt and reverse nature loss this decade, as diplomats step up preparations for the next U.N. Biodiversity Summit in Colombia this autumn.

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      Backlash Against ESG Seen in Sharp Decline of Fund Launches

      2024-07-18

      Yahoo Finance: At some of the world’s biggest asset managers, ESG fund launches are quietly stalling. BlackRock Inc., Deutsche Bank AG’s DWS Group, Invesco Ltd. and the asset management arm of UBS Group AG are among firms that have cut the number of new funds with environmental, social and governance mandates, according to data provided by Morningstar Direct.

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      US Appeals Court Orders Judge to Reconsider Biden ESG Investing Rule

      2024-07-18

      U.S. News: A U.S. appeals court ordered a Texas judge to reconsider his decision upholding a Biden administration rule that allows socially conscious investing by employee retirement plans, in light of a major recent Supreme Court ruling.

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      Blackstone Invests $200 Million in Australian Energy Transition Platform Symphony Infrastructure Partners

      2024-07-18

      ESG Today: Australian energy transition platform Symphony Infrastructure Partners announced that it has raised A$488 million (USD$329 million) in a Series A financing round including A$300 million (USD$202 million) from lead investor Blackstone, with proceeds aimed at accelerating the company’s growth and completing a series of five pending acquisitions.

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      Wall Street Starts Calling Time on ESG Labels After Backlash

      2024-07-17

      Yahoo Finance: At Institutional Investor, keeper of Wall Street’s version of the Oscars for financial analysts, the winner in one category this year is — nobody. The red carpet is being formally rolled up for the three letters, ESG. The 57-year-old II has dropped the label, short for environmental, social and governance, from its annual analyst rankings.

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      HSBC Launches New Infrastructure Finance Unit to Pursue Low Carbon Transition Opportunities

      2024-07-17

      ESG Today: Global financial services group HSBC is launching HSBC Infrastructure Finance (HIF), a new business unit aimed at pursuing infrastructure financing and project finance advisory opportunities associated with the transition to a low carbon economy, according to an internal memo by Greg Guyett, HSBC’s CEO of Global Banking and Markets, seen by ESG Today.

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      BlackRock Hires Government Liaison as Texas Pushes Against ESG

      2024-07-15

      BNN Bloomberg: BlackRock Inc. is bolstering its government-relations staff with a new hire in Austin as the money manager fends off criticism from Texas Republicans.

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      60% of Asia Pacific Investors Ready to Pay Premium for High ESG Maturity Targets: KPMG

      2024-07-15

      ESG News: ESG due diligence is becoming a critical priority for Australian dealmakers, mirroring global trends. According to KPMG’s ESG due diligence study, 71% of investors have increased the importance of ESG in their transactions over the last 12 to 18 months.

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      China Property Crash Is Hurting Niche Pocket of ESG Finance

      2024-07-15

      BNN Bloomberg: Chinese developers are issuing far fewer securities tied to climate or social objectives, resulting in only $2.8 billion being raised in Asia Pacific in the first half, data compiled by Bloomberg Intelligence show. 

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      EU Markets Watchdog Signals a Hard Line on New ESG Disclosures

      2024-07-05

      BNN Bloomberg: Europe’s financial markets watchdog said companies shouldn’t anticipate that the complexity of new ESG reporting requirements will excuse sloppy disclosures.

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