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Morningstar: Worsening macroeconomic conditions and an ongoing political backlash to the sustainability agenda in the US continued to weigh on environmental, social and governance (ESG) strategies in the second quarter of 2023, Morningstar analysts report today.
BNN Bloomberg: Wex Inc., a major provider of vehicle fleet management for businesses and governments, is launching a new venture arm dedicated to speeding the adoption of electric cars and trucks.
BNN Bloomberg: India has authorized the country’s asset managers to launch multiple plans tied to ESG, potentially giving a boost to a globally-hot theme of investing that is still in its infancy in Asia’s third-largest economy.
Edie: New research from Carbon Tracker warns that widespread reliance on “flawed research” means that investment decisions today are ignoring the economic and physical effects of a changing climate. As a result, pension funds are risking the retirement savings of millions of people.
ASIC: ASIC has lodged civil penalty proceedings in the Federal Court against Vanguard Investments Australia, alleging misleading conduct in relation to claims about certain environmental, social, and governance (ESG) exclusionary screens applied to investments in a Vanguard fund.
Private Equity Wire: ESG executives’ scope of responsibilities is expanding exponentially as regulatory and investor demands continue to rise. Critical to their success is leadership buy-in and building a keen understanding of which ESG metrics are relevant to their particular strategy.
Wealth Management: While environmental, social, and governance investing continues to increase in popularity, important questions remain about its practical significance.
Benefits and Pensions Monitor: CDP has issued a warning regarding potential regulatory fragmentation in ESG (Environmental, Social, and Governance) ratings globally. In recent years, various policy initiatives have emerged with the aim of regulating ESG ratings.
Business Times: More than 70 per cent of asset managers said that sustainable bond structures are their first means of raising capital to help meet their net-zero targets, according to a survey by banking group NatWest.
ESG Clarity: Assets under management sitting in ESG Ucits funds is on track to exceed €7.9trn by 2025, predicted PwC, despite fewer funds coming to the market.
BNN Bloomberg: Funds tracking the UK’s main stock index are exposed to considerably more environmental and social harm than those following other major benchmarks in Western Europe.
Business Insider: BlackRock has drawn the ire of conservatives ever since the world's largest asset manager came out in favor of investing with environmental, social, and governance (ESG) factors in mind — a style dismissed by its right-wing critics as "woke."
Funds Europe: A group of 36 financial institutions managing over €3.3 trillion in assets has released a joint statement calling on governments to refrain from deep-sea mining until its potential risks are understood.
BNN Bloomberg: A former HSBC Holdings Plc banker says one of the most criticized sustainable bond structures on Wall Street has the potential to dominate the roughly $6 trillion ethical debt market.
Greenbiz: Part of the ongoing congressional debate over ESG centers on whether these factors should be considered as part of pension and retirement funds. Those of you expecting a resolution should prepare to exercise some patience.
Pitchbook: As ESG and impact investing attract more private capital across the globe, North American and European investors face separate challenges to sustainable investing.
BNN Bloomberg: Firms that fail to take ESG seriously face a bleak future in the European Union, as the bloc pushes ahead with the world’s most ambitious set of environmental, social and governance regulations.
ESG Clarity: The proportion of private equity managers assessing and measuring climate-related risks has risen by 12 percentage points to 55% over the last year, according to LGT Capital Partners.
Investment Week: The coalition, which includes Fidelity, Candriam and five ESG foundations such as the European Sustainable Investment Forum (Eurosif), have asked for the latest changes to the first set of the European Sustainability Reporting Standards (ESRS) to be altered.
BNN Bloomberg: The woman in charge of getting Europe’s toughest piece of ESG legislation through the bloc’s parliament says she’s confident the US will embrace the global accountability the bill introduces, once politicians stop being distracted by lobbyists.
GreenBiz: While earlier in her career Naomi English watched many of her peers rush for nonprofit jobs, she found herself drawn to the private sector and the role it could play in driving sustainable development.
Funds Europe: A new report from PwC Luxembourg shows that the number of ESG funds continued to grow in 2022, even as the global economy faced uncertainty from the Covid-19 pandemic and the war in Ukraine.
Institutional Investor: Asset manager Schroders has set its sights on a new source of alpha: how companies manage their people.
CNBC: House lawmakers clashed over federally mandated environmental, social and governance disclosure requirements for companies rolled out amid concerns over growing climate disasters.
BNN Bloomberg: The backlash against investing strategies that factor in environmental, social and governance issues is rising in the US and is impacting the way managers are thinking about integrating such considerations into their funds, according to a survey by HSBC Holdings Plc.
Australian Securities & Investments Commission: Greenwashing erodes investor confidence in the market for sustainability-related financial products and corporate strategies.
ESG Clarity: Franklin Templeton has launched two sustainable thematic ETFs, the Franklin Future of Food UCITS ETF and Franklin Future of Health and Wellness UCITS ETF.
Yahoo Finance: House Judiciary Chairman Jim Jordan and two other House Republicans fired off letters to financial industry giants including BlackRock Inc., Vanguard Group Inc., and State Street, contending that their efforts to combat climate change could violate US antitrust law.
Private Equity Wire: Drawing on insights from leading M&A practitioners and BRG experts, the report examines how the M&A disputes landscape has evolved this year, and explores in depth the sectors and trends that emerged as priorities in last year's report.
BNN Bloomberg: Asset managers have launched a coordinated appeal to get the European Union to rework planned ESG reporting rules, as investors worry the current proposal doesn’t give them the data they need to make informed decisions and avoid greenwashing.
Yahoo Finance: Toyota Motor Corp. sold socially conscious debt denominated in dollars for the first time in two years as the Japanese carmaker looks to boost its production of electric vehicles to compete with Tesla Inc.
Private Equity Wire: The firm's annual ESG Report shows that the proportion of managers addressing climate-related risks rose 12 percentage points to 55%, while managers have also made strong improvements in diversity, equity and inclusion (DEI) issues.
GreenBiz: Highly charged political arguments over whether environmental, social and governance issues have a legitimate place in business decisions have put many chief executives, chief sustainability officers and other C-suite champions on the defensive.
MSN: Companies in Britain that compile the environmental, social and governance (ESG) ratings of different firms will face a new voluntary code of conduct ahead of potential regulations for a sector that channels trillions of dollars in investments.
BNN Bloomberg: A recession is coming, and ESG investors may be among those who stand to lose the most. That’s according to James Penny, the chief investment officer of TAM Asset Management and a veteran of ESG investing who correctly predicted the upheaval last year that hit funds dedicated to environmental, social and governance strategies.
BNN Bloomberg: Carlyle Group Inc. is buying a majority stake in sustainability consultancy Anthesis as the buyout firm seeks to take advantage of rising demand for specialist advice on environmental issues.
ESG Clarity: ESG investing remains on course to reach almost half of portfolios in two to three years’ time, and to reach 63% in 10 years, according to a survey by The Index Industry Association (IIA).
Yahoo Finance: Fund managers have grown weary of the growing political scorn aimed at the environmental, social and governance label. So many have decided to call their funds something else.
Forbes: In today's world, start-ups need to think about ESG (Environmental, Social, and Governance) from day one. This is not just about ticking boxes or making a good impression.
GreenBiz: The recent INC2 negotiations on a global plastic treaty have focused attention on the entire life cycle of plastics — from plastics’ fossil fuel origins and toxic additives to plastic waste’s persistence in the environment.
Yahoo Finance: An overwhelming majority of fund managers in the US sees ESG as an important part of their work even as political attacks against the investing form grow increasingly targeted, according to a fresh survey.
Sustainability Magazine: Under a new set of G20-backed global rules, businesses will now experience increased pressure to disclose their environmental impact.
US News: BlackRock boss Larry Fink, at the forefront of the business world's adoption of environmental, social and corporate governance (ESG) standards, has stopped using the term, saying it has become too politicized.
BNN Bloomberg: All of the Republican-led backlash against ESG investing has presented the industry with an opportunity to reinvent itself. At least that’s the view of several ESG supporters at a marquee sustainable-investing conference in Boston.
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