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ESG Newsletter

      Carlyle Targeting $1.6bn for Second Renewables Fund

      2022-11-18

      Private Equity Wire: The report cutes sources familiar with the matter as saying that Carlye began raising capital for Carlyle Renewable & Sustainable Energy Fund II earlier this year, which it  achieves its target size, will be twice the size of its $800 million predecessor fund.

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      Impact of the 'S' In ESG Found Lacking In the Real World

      2022-11-17

      Financial Post: Environmental concerns have dominated the conversation when it comes to ESG risks, but the growing focus on the “social” component is prompting a search for ways to better assess corporate performance on issues ranging from diversity to employee mental health to human rights.

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      ESG Reporting Is 'Biggest Challenge' for Investment Managers

      2022-11-17

      Funds Europe: Russell Investments' latest ESG survey indicated that data limitations and non-standardised reporting frameworks constitute the biggest challenges for investment managers.

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      ESG Risk in Capital Markets Triggers Calls for New Rules: Survey

      2022-11-17

      BNN Bloomberg: A Bloomberg News survey of ESG-related issues found that 53% of 550 Terminal users want more rules to help them tackle environmental issues. The picture varies across regions, with Europeans more in favor of extra regulations than Americans, while both regions gave green issues priority over social or governance matters. In Asia, where efforts to regulate ESG are trailing those in Europe and the US, a majority of survey respondents wanted more rules across the board.

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      Cash Investors Trigger $29 Billion Spike in ESG-Lite Funds

      2022-11-16

      Yahoo Finance: The about-face came as UK pension managers reallocated funds in response to the economic shock triggered by the proposed reforms under then prime minister, Liz Truss. Much of that cash made its way into money-market funds that carry the EU’s weakest ESG designation, known as Article 8.

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      Canada Pension Will Sell Firms That Don’t Take ESG Seriously

      2022-11-16

      BNN Bloomberg: The head of Canada’s $400 billion pension fund said he’s willing to cut ties with firms that aren’t committed to their net-zero targets.

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      Dimensional Expands Sustainable ETF Suite

      2022-11-16

      Yahoo Finance: Dimensional Fund Advisors, the Austin, Texas-based firm with nearly $600 billion in assets under management, added a new exchange-traded fund to its new lineup of sustainable products. The launch comes after the firm introduced its first set of green ETFs earlier this month.

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      Do Human Rights Get Enough Attention from ESG Investors?

      2022-11-15

      The Globe and Mail: As environmental, social and governance (ESG) issues factor into more investment decisions, critics say one element is often overlooked: the human rights records of businesses.

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      Aviva Investors’ CEO Calls for New Bretton Woods to Reform Finance

      2022-11-15

      ESG Clarity: The global financial system is not fit for purpose and will need a “bold change” in order to combat the climate crisis, the CEO of Aviva Investors, Mark Versey has said.

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      BlackRock Reclassifies $26 Billion of ESG ETFs on EU Rules

      2022-11-11

      BNN Bloomberg: BlackRock Inc. is removing Europe’s top ESG designation from a string of exchange-traded funds, after the EU provided updated guidelines to the asset management industry.

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      Invesco Downgrades Article 9 Paris-aligned ETFs

      2022-11-11

      ETF Stream: Invesco is the latest heavyweight European issuer to downgrade its entire Article 9 Paris-aligned benchmark (PAB) ETF range after ETF Stream revealed BlackRock and UBS Asset Management are lining up a raft of downgrades for their strategies.

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      ESG Funds Seen Underperforming Broader Market in 2023: Survey

      2022-11-10

      BNN Bloomberg: The debate over whether investing with ESG principles in mind makes money is one that’s grown in recent years as the global market for sustainable funds has ballooned to more than $2.2 trillion.

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      New Data Shows How Private Equity Stacks Up On ESG

      2022-11-09

      Private Equity Wire: How are private companies performing on meaningful environmental, social and governance (ESG) metrics? How is the ESG performance of these companies changing over time? And how does their progress on ESG link to their financial results?

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      DWS Adds to ESG Lineup with 3 New Funds

      2022-11-09

      Yahoo Finance: German asset manager DWS Group launched a trio of exchange-traded funds that tap into growing demand for environmental, social and governance investing.

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      Alternative Credit Managers Launch ESG Integrated Disclosure Tool

      2022-11-09

      Private Equity Wire: A group of leading alternative asset managers and industry bodies in the private and broadly syndicated credit markets have launched the ESG Integrated Disclosure Project (ESG IDP) template.

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      How Blockchain Can Help Measure and Prove ESG Milestones

      2022-11-08

      Forbes: Environmental, social and corporate governance (ESG) has become one of the most discussed, debated and buzz-worthy topics of the past several years. Organizations face significant and growing demand to raise their standards and accountability across an array of issues that are widely viewed as ethical imperatives.

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      Apollo, Oak Hill Back New ESG Template to Shake Up Opaque Loans

      2022-11-08

      BNN Bloomberg: Heavyweight creditors including Apollo Global Management Inc. and Oak Hill Advisors are making a high-level push to encourage borrowers in the loan market to increase disclosures on everything from carbon emissions to board diversity. 

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      APAC Investors Look to China Long Term for ESG

      2022-11-07

      ESG Clarity: Asia Pacific investors are looking at China, rather than the US or Europe, as their most favoured destination for ESG investments over the long term, according to a survey from JP Morgan Asset Management (JPMAM).

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      ESG Fund Downgrades Spread as New Analysis Finds ‘Violations’

      2022-11-03

      BNN Bloomberg: Known as Article 9, the designation may be stripped from hundreds of funds in the coming months, industry estimates show. There are now signs that investment clients are starting to retreat, as fresh data points to a marked slowdown in flows. And on Thursday, a report indicated that some Article 9 funds hold assets that may violate UN and OECD standards on everything from bribery to environmental damage.

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      GPs Are Translating ESG Into Fundraising and Exits

      2022-11-03

      Private Equity Wire: Investec’s 12th annual GP Trends Survey, which took place between June and August 2022, showed that the vast majority (90%) of more than 150 GPs believe that their ESG credentials will influence the likelihood of LPs committing capital to their funds, with 40% of the 90% expecting it to matter to a ‘great extent'.

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      Canada Eyes New ESG Bonds to Finance Heavy Polluters Going Green

      2022-11-03

      BNN Bloomberg: Canada is considering furthering its reach in ethical securities, after making its debut in the green bond market earlier this year.

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      Ares Management Selects Novata to Support ESG Data Collection

      2022-11-02

      Private Equity Wire: Novata, an ESG data management platform built for the private markets, is to provide ESG measurement and analysis support services for some of Ares Management's (Ares) direct lending strategies.

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      ESG Investing Is ‘Totally Unstoppable’ UBS Chair Kelleher Says

      2022-11-02

      Yahoo Finance: The current challenges to ESG investing won’t stop investors’ focus on environmental, social and governance considerations, UBS Group AG chairman Colm Kelleher said at the Hong Kong Global Financial Leaders’ Investment Summit.

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      There Are Two Americas When it Comes to ESG

      2022-11-02

      BNN Bloomberg: The Windy City's retirement fund said it plans to sell all $350 million of its fossil-fuel holdings by the end of 2027, or invest enough in clean energy to fully offset its stakes in oil, gas and coal.

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      Billions Chasing Contested ESG Funds Leave Insiders ‘Mystified’

      2022-11-02

      Yahoo Finance: As an ESG fund class facing mass downgrades attracts vast client flows, industry insiders confess they don’t understand why investors aren’t being more cautious.

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      More Companies are Linking Executive Pay to ESG Performance, But Few See It as Critical to Sustainability Goals

      2022-10-31

      Cision: Large US companies are increasingly linking executive compensation to some form of ESG performance, with the share growing from 66 percent in 2020 to 73 percent in 2021. At the same time, just a minority of polled corporate executives say including ESG (environmental, social, and governance) performance goals in executive pay is very important in achieving their ESG goals.

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