U.S. News: Before Moscow sent troops into Ukraine on Feb. 24, Sberbank, a Kremlin-backed bank already the target of international sanctions, enjoyed higher ratings for environmental, social and governance (ESG) risks than some western lenders.
ESG Clarity: The regulation of ESG data and ratings appears to be a step closer to enforcement after UK regulator the Financial Conduct Authority (FCA) stated there is a “clear rationale” for the regulation of ESG ratings, following feedback from the market.
Institutional Investor: Thirty-four of the wealthiest colleges and universities in the U.S. declined to participate in a Knight Foundation study looking at the diversity of the asset management firms managing their endowments.
Funds Tech: The report, conducted in partnership with Caceis and entitled Governance and the Climate Risk Dilemma, found that 72% of respondents believe there is a potential shortage of climate risk specialists.
BNN Bloomberg: A lot has been written lately about how ESG is in crisis. At best, critics see the embattled investment strategy at a critical crossroads; at worst, they judge the inexorable primacy of Wall Street greed over species survival as having doomed it from the start.
Private Equity Wire: Intertrust Group’s most recent report, The future private capital CFO: Unleashing potential in the ESG era, found that more than 40% of private capital investors are looking for live updates on portfolio performance, while around 55% will be looking for either live or daily updates on ESG performance – 10% higher than anticipated by CFOs.
ETF Trends: Growth stock weakness is hampering many environmental, social, and governance (ESG) strategies, including exchange traded funds, but in a positive sign for this investing style, some professional market participants remain constructive on the long-term prospects.
Funds Europe: The Riverside Company has appointed Dörte Höppner as its first chief sustainability officer. In the newly created role, Höppner will be tasked with overseeing the private investment firm’s global ESG initiatives.
Funds Europe: European-domiciled ESG assets are poised to reach a value of between €7.4 trillion and €9 trillion by 2025, according to research by PwC Luxembourg.
Financial Standard: This is a key finding of new research from Australian Ethical and Investment Trends and shows a significant increase from 2016 when just one in five advisers operated in the space.