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.
Top 1000 Funds: A new HBR paper, “Private Equity Should Take the Lead in Sustainability” by Robert Eccles, Vinay Shandal, David Young and Benedicte Montgomery argues how – and why – the private equity must lead on integrating sustainability.
Private Equity Wire: Preqin, a specialist in alternative assets data, tools, and insights, has published its annual Environmental, Social, and Governance (ESG) report – ESG in Alternatives 2022: The Transparency Tipping Point – which reveals that 42% of AUM across private capital currently, is managed in funds that employ an active ESG policy.
Institutional Investor: A quarter of limited partners surveyed by Preqin said they have turned down an investment opportunity due to concerns over ESG standards, according to the research firm’s latest report on environmental, social, and governance investing, expected to be released. Another 39 percent of limited partners said they are prepared to do the same if necessary.
Private Equity Wire: Sustainable finance rules for fund managers are evolving quickly, but there is a risk of global divergence as regulators in Europe, US and UK move ahead with new plans. In a survey of the industry by Private Equity Wire, around eight out of 10 respondents expected ESG to be an area of greater regulatory focus, within a list of other priorities.
BNN Bloomberg: One of this year’s top-performing managers of so-called sustainable funds has relied on assets that aren’t normally associated with environmental, social and governance investing, in a strategy that’s ended up trouncing his peers.
Moody's Analytics: Companies that develop more responsible Environmental, Social, and Governance (ESG) practices and strive to mitigate ESG risks experience fewer ESG-related controversies and generate better shareholder returns. These are the key findings of two new research studies released by Moody’s Analytics showing that ESG risk management policies and actions, and the ESG scores that measure them, contain financially relevant information for investors.
Globe Newswire: Brookfield announced that it has reached the final institutional close for the Brookfield Global Transition Fund (“BGTF” or “the Fund”) with total capital raised of $15 billion, making it the world’s largest private fund dedicated to facilitating the global transition to a net-zero carbon economy. The $15 billion includes investments from institutional investors in and alongside the Fund, as well as amounts reserved for the private wealth channel.
BNN Bloomberg: BlackRock Inc. is pushing back on key parts of the US Securities and Exchange Commission’s bid to get publicly traded companies to track and disclose their greenhouse gas emissions.
U.S. News: The U.S. Securities and Exchange Commission is looking into Goldman Sachs Group Inc's asset-management division over its funds that look to invest based on environmental, social and governance (ESG) standards, the Wall Street Journal reported.
ESG Clarity: Andrew Nathaniel Skeene and Junie Conrad Omari Bowers have been found guilty of conspiracy to defraud and misconduct in the course of winding up a company at Southwark Crown Court, International Adviser reports.
Business Wire: Private equity fund managers are prioritizing impact funds and ESG above new deals, directing money to ESG commitments. According to BDO’s Spring 2022 Private Capital Pulse Survey, 50% say they will direct the most capital toward setting up impact funds or investing in targets with ESG-focused themes.
BNN Bloomberg: The majority of US and Canadian-based venture capital investors are planning to back funds with exposure to female founders, a sign that male-dominated capital allocation might start to shift.
The Guardian: After 10 years of stalemate over the proposals, EU lawmakers hailed a “landmark” deal for gender equality. As well as the legally binding target, companies could also be fined for failing to recruit enough women to their non-executive boards and see board appointments cancelled for non-compliance with the law.
BNN Bloomberg: Japan’s financial regulator is looking at new measures to curb greenwashing to ensure that financial products labeled ESG are sustainable, according to people familiar with the matter.
Yahoo News: With ESG being increasingly maligned these days from both the inside and the outside, some of the industry’s early devotees say it’s time for a course correction. Jerome Dodson, the retired founder of one of the world’s largest ESG-focused investing firms, said a dedicated watchdog is needed to help police marketing claims.
BNN Bloomberg: BlackRock Inc., facing political scrutiny over its stance on environmental, social and governance investing and its outsize influence in business, is on a mission to re-introduce itself to Washington.
African Business: Discussion on attracting much-needed investment into Africa has generally focused on non-African sources: foreign firms, multilateral financial institutions and non-African institutional investors. Yet far greater attention is now being paid to investment funds based within the continent itself.
BNN Bloomberg: The poor quality of sustainability-related data is making it harder for market experts in Canada to establish the real effect of investments labeled as green, according to a survey by the Institute for Sustainable Finance.
BNN Bloomberg: After more than three years of inflows, investors are now pulling cash out of US equity exchange-traded funds with higher environmental, social and governance standards. May saw $2 billion of outflows from ESG equity funds, according to data from Bloomberg Intelligence -- the biggest monthly cash pullback ever.
Financial Post: Regulators in Canada and the United States are pushing ESG funds to disclose more information to weed out “greenwashing” and other misleading practices, but a lack of standardized terms and metrics mean those buying the funds must still be wary, investor advocates say.
CNN Business: The chief executive of top German asset manager DWS will step down next week, he said on Wednesday, a day after raids by prosecutors over allegations that the company misled investors about "green" investments.
BNN Bloomberg: A new set of voluntary guidelines for Chinese companies to report environmental, social and governance metrics take effect Wednesday, offering a glimpse of what mandatory disclosures might eventually look like in the country.
Private Equity Wire: Churchill Asset Management, an investment-specialist of Nuveen which provides customised financing solutions to private equity firms and their portfolio companies, has appointed Mickey Weatherston as principal, head of sustainability and ESG Integration.
BNN Bloomberg: Investment clients are demanding more evidence that ESG asset managers can deliver on their promises, amid a steady stream of criticism that the industry is on the wrong track.
BNN Bloomberg: The head of Singapore’s central bank called on global peers to show urgency in greening financial markets and pursuing policies that help the world achieve net-zero carbon emissions by 2050.