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Private Equity Wire: The fund aims to invest in software, hardware, renewable energy, energy storage, smart buildings, and carbon sequestration technologies to decarbonise the $10.5 trillion real estate industry.
BNN Bloomberg: An ESG fund run by Alken Asset Management Ltd. has outperformed 98% of its peers over the past year after betting on European defense stocks while they were still cheap.
BNN Bloomberg: A deluge of do-good ETFs once flooded US exchanges and drew in billions. But as investors contend with fears of a recession, the trend is reversing and more of these funds are closing up.
Institutional Investor: Shareholder activism and divestment have been the favorite strategies of investors interested in achieving environmental, social, and governance goals. But taking short positions on companies that don’t follow ESG rules might help, too.
BNN Bloomberg: A text sent by BlackRock Inc. to financial advisers has opened up a conversation about the relative scarcity of value-based investing among managers of ESG funds.
Business Wire: The Janus Henderson Foundation, the charitable giving arm of Janus Henderson Investors, this week announced a three-year, US$450,000 grant to the Greenwood Project.
Institutional Investor: The enthusiasm for sustainable investing is higher than ever. But in terms of shareholder proposals that were actually passed in the proxy season, the picture looks less rosy.
Funds Europe: abrdn has converted its flagship €1.9 billion Asia Pacific Equity fund and two other strategies to Article 8 under the Sustainable Finance Disclosure Regulation (SFDR).
Institutional Investor: Female fund managers tend to play it safe during periods of negative market sentiment, while male investors take on more risk. But in the end, their risk-adjusted performance is the same, according to new research.
Yahoo Finance: The top-performing ESG fund for emerging markets surpassed its peers in the first half of 2022 by adopting a low-risk strategy that rejected tech companies Tencent Holdings Ltd., Alibaba Group Holding Ltd. and Taiwan Semiconductor Manufacturing Co. Ltd.
Wealth Management: Until recently, much of the impact investing focus has centered on the role that equity investors can play in bringing about positive environmental, social and governance changes.
BNN Bloomberg: A law firm bringing a $7 billion suit against BHP Group Ltd. over its role in the deadly collapse of a Brazilian mining dam has secured £100 million in extra funding to fight more such ESG cases.
EY: Environmental, social and governance (ESG) investing and reporting is facing existential questions associated with a lack of standardization, regulation and common purpose, according to The emerging sustainability information ecosystem, a new report published today by the EY organization and Oxford Analytica. Rising inflation and the war in Ukraine are compounding these challenges.
BNN Bloomberg: By November, around the time US midterm elections are held, investors will likely learn the fate of the Securities and Exchange Commission’s plan for more comprehensive corporate climate disclosures.
Amundi: Prior to joining Amundi, Céline Boyer-Chammard Alice was Managing Director and Partner at the Boston Consulting Group. As a member of BCG’s Financial Institutions, Responsible Finance and Technology Advantage practices, she supported numerous large international clients (banks, asset managers, insurance companies) throughout major transformations.
Kellogg Insight: Jeff Ubben co-founded the hedge fund ValueAct Capital in 2000. Twenty years later, he left to form a new fund, Inclusive Capital Partners (“In-Cap”), focused on impact investing. Throughout his career, he has favored an active approach to investing.
ESG Today: Investment giant BlackRock has made a series of appointments to its BlackRock Sustainable Investing (BSI) team, according to an internal memo seen by ESG Today, including the hiring of Lombard Odier’s Head of Sustainable Investment Research & Strategy as Deputy Head of BSI.
Money Marketing: Lobby group Net Zero Watch has warned that environmental, societal, and governance (ESG) is unlikely to survive in its current form. They told Money Marketing that ESG has become an investment risk as a result of the energy crisis.
BNN Bloomberg: The European Central Bank’s first major climate stress test shows banks facing a hit of 70 billion euros ($71 billion) if the transition to a lower-carbon economy is disorderly.
FT Adviser: The term 'ESG' first appeared in a 2004 UN report calling for investment decisions to be made with environmental, social, and governance factors higher in mind.
CNBC: More companies are disclosing their internal data on racial pay equity. The bad news: even more companies aren’t ready to share, and that suggests progress at reaching parity in pay between white and non-white employees remains slow across the corporate landscape.
BNN Bloomberg: The HSBC Holdings Plc executive at the center of a row over climate change risks has resigned from the bank as he issued a broadside against corporate “cancel culture.”
Money Management: The common belief that environmental, social and governance (ESG) investing’s popularity is being driven by younger generations including millennials and generation Z is a misconception, according to Pengana.
U.S. News: Private equity firm KKR & Co Inc is preparing to launch its first two credit funds dedicated to investing based on environmental, social and corporate governance (ESG) principles later this year, according to an internal memo seen by Reuters.
ESG Clarity: The Financial Conduct Authority (FCA) has delayed its consultation into Sustainability Disclosure Requirements (SDR) until the autumn, as it awaits further clarification on what potential international ESG initiatives will look like.
Business Wire: Blackstone announced today that funds managed by Blackstone Energy Partners (“Blackstone”) have committed $400 million to lead a strategic investment in Xpansiv Limited (“Xpansiv”), the premier market-infrastructure platform for global carbon and environmental commodities.
ABC News: European Union lawmakers voted to include natural gas and nuclear in the bloc's list of sustainable activities, backing a proposal from the EU's executive arm that has been drawing fierce criticism from environment groups and now looks set to trigger legal challenges.
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.
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