International Adviser: Over a third (36%) of wealth management and advice firms say they want more support in accessing the right sustainable finance and ESG investment data, research has found.
Financial Post: A United Nations-convened climate alliance for insurers suffered at least three more departures including the group’s chair, as insurance companies take fright in the face of opposition from U.S. Republican politicians.
BNN Bloomberg: A lot has changed in the five years since Verizon Communications Inc. started selling green bonds. Today investors pore through the fine print, says Scott Krohn, treasurer of the US’s largest mobile carrier.
SCMP: Hong Kong can leverage its vibrant ecosystem for global family offices and asset owners and become a hub for the trillion dollar impact investing industry as investors embrace the fast-growing strategy.
Advisor's Edge: New research from ISS Corporate Solutions (ICS) suggests shareholder support for environmental and social issues is on the decline, as are demands for scrutiny of executive pay.
ESG Clarity: The Net Zero Investment Framework Component for the Private Equity Industry has been designed by the Institutional Investors Group on Climate Change (IIGCC), sustainability non-profit Ceres and consultancy Anthesis.
BNN Bloomberg: The world’s biggest asset managers are consistently voting against proposals intended to protect biodiversity, as one of the fastest-growing corners of ESG falls flat at shareholder meetings, according to a report by environmental nonprofit Planet Tracker.
Funds Europe: European investors are more likely to invest in sustainable ETFs than US investors due to an increased awareness of sustainability issues, according to Track Insight.
US News: As environmental, social and governance, or ESG, factors have become more prominent in investing, there has been a growing need to evaluate companies and investments based on their ESG compliance.
US News: U.S.-based bankers and money managers whose job titles include "ESG" or "sustainability" earn on average around 20% higher base salaries than colleagues of the same seniority without those labels, according to analysis of salary data shared with Reuters.
Forbes: The integration of sustainability and environmental, social and governance (ESG) factors has become crucial for modern businesses across various industries.
ESG Clarity: Legal and General Capital has appointed former MP Julia Goldsworthy as head of social impact investment.
BNN Bloomberg: The investment arm of Goldman Sachs Group Inc. dramatically reduced its exposure to the Adani Group in its ESG portfolios in the weeks following allegations of fraud against the conglomerate by short-seller Hindenburg Research.
Nasdaq: A group of Republican-led U.S. states has asked a federal judge in Texas to strike down a Biden administration rule allowing socially conscious investing by retirement plans, saying it will imperil Americans' retirement savings.
BNN Bloomberg: Investors in a controversial corner of the ESG debt market are facing a new layer of uncertainty thanks to a gray area of carbon accounting.
Funds Europe: The European social bonds market has hit €464 billion in size as investors demonstrate an increased appetite for the ‘S’ in ESG, according to Goldman Sachs Asset Management (GSAM).
Fortune: In March, President Joe Biden pulled out his pen to sign the first veto of his presidency, blocking a Republican proposal that sought to overturn federal rules that made it easier for fund managers to examine environmental, social, and corporate governance (ESG) for investments.
Funds Europe: Clarity AI has reported 80% of Article 8 funds would fail to comply with the European Securities and Markets Authority‘s (Esma) proposed fund labelling regulation.
ESG Clarity: The Financial Conduct Authority (FCA) should not expect all financial services firms to embed sustainability-related considerations in their business objectives and strategies, industry respondents to the UK regulator’s latest sustainability discussion paper have said.
Forbes: Ignoring environmental, social and governance (ESG) compliance can come with real consequences such as environmental damage, significant losses in revenue, reputational damage and regulatory penalties, among others.
GreenBiz: Many companies are pretty proud of their ESG reports. Each year from April to June, the LinkedIn feeds of sustainability professionals fill with posts from friends, colleagues and connections sharing these delights of disclosure, announcing that their company’s report is ready for the world.
Financial Post: The compensation of high-ranking corporate executives is being increasingly tied to environmental targets, but a lack of standardized data and disclosure is making the effectiveness of such goals difficult to track and may even be opening the way for some to game the system, governance experts warn.
CNBC: Wall Street has eagerly rallied around companies making notable strides in artificial intelligence. However, several investors warn that the increasingly widespread deployment of AI has opened a Pandora’s box of concerns about environmental, social and corporate governance, or ESG.
Funds Europe: The Institute for European Environmental Policy (IEEP), a "green think tank", has raised concerns over the EU’s classification system for sustainable finance, saying policymakers were trying to "sneak in" biodiversity offsetting.
Finadium: Bloomberg’s Singapore office recently hosted an event that focused on content and workflow considerations for enterprise data solutions. Speakers discussed Bloomberg’s enterprise data feed offerings, how ESG (environmental, social, and governance) data needs are evolving and what the future of data in the cloud looks like.
BNN Bloomberg: As investor interest in ETFs that promote higher environmental, social and governance standards fades, more issuers are shutting down these funds.
Yahoo Finance: The flow of new money into European funds marketed as very sustainable slowed to a record low in the first three months of 2023, as regulatory confusion prompted asset managers to be more cautious about their claims, Morningstar said.
XM: Investors including Pictet and Amundi managing $10 trillion in assets, signed a statement urging consumer goods and grocery companies to do more to cut their use of plastic packaging amid rising costs and risks.
ORF Online: ESG (Environmental, Social, and Governance) has emerged as a powerful formalised force in shaping the business landscape, not only in terms of governance but also in driving the business of business itself.
BNN Bloomberg: The world’s pile of socially conscious debt ballooned to a record $5.1 trillion in the first quarter — a sum the Institute of International Finance expects will keep on rising.
SCMP: A “bidding war” is breaking out among companies in Hong Kong over senior and mid-level managers who have environmental, social and governance (ESG) expertise, as firms strive to reach their climate goals and meet tightening sustainability standards, according to headhunters.
The Guardian: Investment funds branded as green or socially responsible are being used by some of the world’s largest asset managers to invest hundreds of millions of pounds in fossil fuel companies, according to a report.
US News: Florida governor Ron DeSantis signed into law on Tuesday a bill barring state officials from investing public money to promote environmental, social and governance goals, and prohibiting ESG bond sales.
ESG Clarity: Reforms to the EU Emissions Trading System (ETS) have been welcomed by industry commentators as signalling a step towards “the type of carbon economy that we need in order to address the systemic issues of climate change”.
CIO: One big political debate these days is about whether ESG investing is a winner or not. Several red states have banned the strategy from their pension funds, arguing that non-financial considerations should have no bearing on investment decisions.
Private Equity Wire: The value of global mergers and acquisitions in the renewable energy sector reached a record £118.7 billion in 2022 - a rise of 57% on the previous year, according to new research by business advisory firm Dow Schofield Watts.
Yahoo News: Leaders from venture capital firms are launching an alliance to support climate-friendly startups and encourage net-zero emissions in businesses across many industries.
BNN Bloomberg: Money market funds targeting European clients have quietly been reclassifying their legal status to market themselves as promoters of ESG, with close to $1 trillion of highly liquid client assets now registered as such.
Yahoo Finance: A new Cogent Syndicated report from Escalent shows institutional investors are acting with appropriate caution following recent environmental, social, governance (ESG) legislative or coalition measures, yet are continuing to evaluate ESG investment strategies as counterparts to existing portfolio holdings.
US News: Top U.S. bank investors gave only slim support on Tuesday to shareholder resolutions calling for the lenders to wind down new fossil fuel financing, setbacks for climate activists who had hoped for new constraints on the oil and gas industries.
FinTech Global: The BDC offers financing, advisory services and capital to small and medium-sized businesses in Canada. The Bank said that the new fund comes as Canadian sustainability-focused startups tend to be underfunded relative to their international peers.
Funds Europe: European cities have continued to dominate the lead in an index of the world’s greenest financial centres, according to new research from think tank Z/Yen Group.
BNN Bloomberg: The UK should pursue a national ESG strategy to simplify rules and reduce the risk of greenwashing, according to a group of lawmakers.