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Fortune: ESG has come under fire in recent months, with questions swirling about whether ESG efforts are truly making an impact or simply lining investors’ pockets.
Wealth Professional: The important role of alternative assets in ESG investing is highlighted in a new global report. Preqin’s ESG in Alternatives 2023 shows that annual capital raised between 2020 and 2022 tripled from US$29 billion to $92 billion, with European funds in the lead by a huge margin (79% of global aggregate capital).
Yahoo Finance: Nvidia Corp.’s stratospheric ascent has lured at least 100 more ESG funds in recent weeks, transforming the company into one of the most popular stocks among asset managers who integrate environmental, social and governance metrics into their investment strategies.
BNN Bloomberg: The Church of England Pensions Board will offload its stake in Shell Plc as part of a total exit from oil and gas, as the influential investor turns its back on companies it says are failing to address climate risks.
Yahoo News: Brazil is considering selling its first-ever sustainable bond as soon as September, according to a person familiar with the matter.
CNBC: House Republicans are continuing their attempt to pump the brakes on so-called “woke” investing with new legislation that could place limits on financial advisors and retirement funds.
GreenBiz: By the end of May, shareholders had filed 626 ESG-related resolutions at public U.S. companies. That’s just one less for all of 2022, so a new high-water mark is a given for 2023.
Forbes: Environmental, social and corporate governance (ESG) has become a transformative force in the corporate landscape. Embracing ESG principles allows companies to drive sustainable growth while making a positive impact on society.
ESG Clarity: The term ‘engagement’ seems to be an inescapable part of fund managers’ dialogue these days. But what does it actually mean when they say they actively engage with companies on ESG and why is this important?
Morningstar: Appetite for sustainable investing has never been higher. But how do investors actually align their unique sustainability preferences with material financial decisions? Well, it’s all down to approach.
ESG Clarity: Asset managers are wary about putting pressure on the companies they invest in to meet new rules to report on Scope 3 emissions, even as research suggests most firms are unprepared for the rules and could risk fines, amid limited support among asset managers for the changes.
ETF Stream: Vanguard’s level of support for key ESG resolutions is less than half of its two closest rivals BlackRock and State Street Global Advisors (SSGA), Morningstar research has found.
Yahoo News: A proposed European Union shake-up of the environmental, social and governance (ESG) ratings industry will bring much-needed transparency but fall short of the standardisation some in the market say is needed to stop the scores confusing investors and companies.
Legal & General: Legal & General Investment Management (LGIM), one of the world’s largest asset managers, has announced the results of its seventh Climate Impact Pledge – its annual engagement programme to encourage companies to tackle climate change and the transition to net-zero carbon emissions.
BNN Bloomberg: Bank of America Corp. returned to the green bond market, ending a seven-month issuance drought for bonds tied to ESG financing from Wall Street’s biggest lenders.
Quartz: When Morningstar observed a slowdown in new ESG fund launches last quarter, it seemed like big news. Could the public interest in sustainable investing be waning?
Yahoo News: Treasury Secretary Janet Yellen said the US is concerned about the potential “negative, unintended consequences” of European Union efforts to force corporations to screen their supply chains for environmental and social risks.
Sustainability Magazine: Chief Financial Officers (CFO) are increasingly required to create systems to tackle ESG issues, to abide by impending federal climate-disclosure regulations and mounting pressure from shareholders.
Advisor's Edge: Amid an ideological backlash against ESG investing in the U.S., “anti-woke” investing took off in the third quarter of 2022, according to a new report from Morningstar — but its momentum quickly fizzled.
Funds Europe: Continued evidence of the disparity between attitudes towards ESG by European fund managers and US fund managers has been published - although US managers expect demand for ESG data to increase.
ETF.com: Smoke from Canadian wildfires draped the world’s financial center in a dangerous haze, and may have sparked a significant move into the largest environmentally focused exchange-traded fund.
BNN Bloomberg: Operating with a meager budget from a suburban home outside Washington, Will Hild is gearing up for his next battle against Wall Street and the forces behind ESG investing.
Good Money Guide: ESG equity funds, which prioritize companies adhering to environmental, social, or governance criteria, experienced a significant outflow of funds in May with net flows of minus £304 million.
BNN Bloomberg: Most of the money invested in passively managed mutual funds that track ESG indexes fail to help fight climate change, according to a new study.
IFA Magazine: The research, developed by Pensions for Purpose and commissioned by Gresham House, highlights the opportunity for asset owners and managers to enable more resilient portfolios and bolster biodiversity by integrating nature preservation and restoration into their investment strategies.
ESG Clarity: Just a quarter of the world’s 77 largest asset managers have made commitments on tackling deforestation, according to a report by campaigning group ShareAction.
Yahoo Finance: Two senior Republican lawmakers who want to keep European Union ESG measures from gaining traction in the US are asking the Biden administration for details on coordination efforts.
Zawya: European Union sustainability disclosure rules are set to give companies more room to decide what should be reported, though safeguards should ensure this makes little difference in practice, a senior EU agency official has said.
Forbes: As environmental, social and governance (ESG) investing grows—rising 84% to $34 trillion by 2026, PwC estimates—so are questions, especially among consumers and politicos, about the true value of ESG strategies.
Financial Post: The ESG fund with the biggest exposure to Nvidia Corp. has trounced much of the market, as bets on artificial intelligence transform the fortunes of portfolios promoting environmental, social and governance principles.
Axios: The $10 trillion worth of investments tied to special environmental, social and governance criteria — ESG — sits at the center of a new culture war, and AI may be the only thing that can save it.
CIO: ESG has become controversial as an investing thesis, with critics—mainly politicians in red states—arguing that only standard financial data, meaning earnings and revenue, should be employed when making investment decisions.
Investment News: Big investors appear to be showing less support for environmentally focused shareholder resolutions this year, with a handful of votes at oil companies being rejected by wide margins.
GreenBiz: The coronation of Charles III inevitably brought renewed claims that monarchies are unwelcome relics of a bygone age. In at least one respect, though, the U.K.’s new king deserves to be recognized as ahead of the curve.
ESG Clarity: The private equity market in the US largely believes Security Exchange Commission rules on ESG are positive for the sector, according to a PwC survey.
BNN Bloomberg: Financial firms in Quebec, including its largest bank, have set a goal of raising as much as C$1 billion ($735 million) for a new ESG fund.
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