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BNN Bloomberg: In the world’s biggest ESG fund class, portfolio managers are getting more comfortable with holding military assets against a backdrop of mounting political pressure and industry profits.
MSN: Sustainability funds should be able to hold traditional energy shares because excluding them is denying investors one of the best ways to bet on a shift to renewable energy, a senior ESG executive at Deutsche Bank's Private Bank said.
Yahoo Finance: Sustainability reporting pressures on Canadian companies are becoming even more demanding and complex, with the new Corporate Sustainability Reporting Directive (CSRD) mandate for companies both inside and outside the European Union (EU), to report on sustainability and environmental, social and governance (ESG) issues.
Funds Europe: Invesco, a global asset management firm, has appointed Molly Betournay as the director of ESG research. Betournay previously served as the director of social research & advocacy at Clean Yield Asset Management.
ESG Clarity: Engagement progress is stalling in many parts of the industry with 30% of companies unable to evidence that ESG is driving specific changes, while hiring for engagement and stewardship roles has come to a standstill.
BNN Bloomberg: The green finance targets of European banks are falling well short of what is needed, according to a fresh study by ShareAction. An analysis by the UK-based nonprofit that examined the green finance claims of the 20 biggest lenders spread across the European Union, the UK, Switzerland and Norway found that “targets and disclosures aren’t fit for purpose and could lead to misleading claims.”
PR Newswire: ESG Book, a global leader in sustainability data and technology, released new research showing that companies in the United States and Canada are three times more likely to risk violating United Nations environmental standards compared to other regions worldwide.
ESG Clarity: Schroders Reit has published a circular outlining changes in its strategy to improve sustainability and implement decarbonization measures. The £466m trust, which owns 40 properties, said it is proposing amendments to the investment objective and the investment management agreement.
ETF Stream: MSCI awards higher ESG ratings to top-performing stocks in a bid to make its index offerings appear more attractive, according to new academic research.
ESG Clarity: Sustainable and ESG fund holdings and stewardship activities in the UK are not meeting the Financial Conduct Authority’s (FCA) sustainability guiding principles, the regulator has said ahead of the publication of its Sustainability Disclosure Requirements (SDR).
GlobeNewswire: Canadian SMBs are grappling to keep up with the jargon and technical expertise of sustainability reporting and standards, according to Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs).
Wealth Professional: The Capital femmes analysis by Réseau Capital reveals that 65% of the surveyed investment firms include at least one woman partner and women partners make up 25% of all the partners in investment firms. The data is cumulative between 2010 and 2022.
Funds Europe: Bloomberg Intelligence's inaugural ESG Market Navigator survey, in collaboration with Bloomberg New Economy, reveals a strong commitment to ESG principles among investors and C-suite executives, despite current geopolitical and macroeconomic challenges.
Forbes: With the rise in popularity of ChatGPT, the business world has been examining new possibilities of generative AI (GenAI). One area that shows a lot of potential for GenAI is in the audit landscape, particularly in streamlining the intricacies of environmental, social and governance (ESG) audits.
BNN Bloomberg: The European Central Bank wants finance executives to know they’ll be held to account for the industry’s continued failure to adequately manage climate and environmental risks.
MSN: Start-up firms in some parts of the green technology industry such as sustainable farming are missing out on capital and need a new funding model, a senior JP Morgan banker said.
BNN Bloomberg: Banks, asset managers and other financial firms have won a reprieve from Europe’s most consequential ESG regulation to date, as a wave of intense industry lobbying pays off.
ESG Clarity: Robeco has launched an equities strategy with the intent to invest in, and engage with, companies across the fashion value chain.
ESG Clarity: The European Environment Agency (EEA) has called for more private investment to help underpin a smoother sustainability transition.
BNN Bloomberg: According to James Penny, the chief investment officer of TAM Asset Management and a veteran of ESG investing, the dramatic selloff that’s torn through green stocks may soon morph into a “slow burn” that could last several more years.
GreenBiz: In his keynote presentation at VERGE 23, Shayle Kann, a partner at Energy Impact Partners, described climate tech investing as a wave: Either you are building a wave or you are riding one.
BNN Bloomberg: Companies based outside Europe are reviewing securities they’ve listed in the bloc, as the implications of an overlooked clause in new ESG reporting rules sink in.
ESG Clarity: Nuveen has appointed Nick Moss as head of nature-based solutions within its natural capital (NNC) arm. Based in London, Moss will be responsible for driving NNC’s nature-based solutions investment strategy across farmland, forestry and ecological restoration.
Institutional Investor: Shock rippled across the asset management world in March when it was reported that Vanguard was pulling out of China. Reports from Chinese news site Caixin, later picked up by Bloomberg and the Financial Times, said Vanguard had planned to scrap its joint venture with Ant Group, a partnership envied by competitors when it was announced in 2019.
BNN Bloomberg: As Republican legislators in the US try to wipe ESG off the map, most global investors and executives are acting as though those efforts will ultimately fail.
ESG Clarity: The number of companies setting net-zero targets has risen by more than 40% but the quality of target-setting must urgently improve, Net Zero Tracker has found.
Funds Europe: Legal & General Investment Management (LGIM) has announced the debut of the L&G Future World ESG Emerging Markets Government Bond Local Currency Index Fund.
Funds Europe: Rockefeller Asset Management has expanded the range of ESG-focused investment solutions available to non-US investors by launching an equity Ucits fund.
Wealth Professional: The onset of the Israel Hamas war has reminded many investors of the business of warfare. Shares of defence companies have shot up.
Funds Europe: Asset manager Schroders has launched two global equity funds aiming to "help navigate sustainability challenges facing the planet" as a part of its Global Transformation Range of funds.
BNN Bloomberg: Jamie Dimon said Texas risks undermining its business-friendly reputation with laws designed to punish Wall Street banks for policies that limit work with the gun and fossil fuel industries.
Yahoo Finance: With ESG concerns rising to the top of corporate agendas, organizations are increasingly aware of the potential cost of reputational damage.
ESG Clarity: Man Group has bought a 51% stake in Geneva-based impact asset manager Asteria Investment Managers. The other 49% is held by Fideuram-Intesa Sanpaolo Private Banking, in a new partnership.
Yahoo Finance: Hong Kong's securities regulator is backing the development of a code of conduct for environmental, social and governance (ESG) ratings and data products providers, which is likely to lift the city's credentials as a green finance hub.
Mint: Financial institutions are underestimating the most significant climate-related risks –with a potential financial impact of $1 trillion. Out of the 26 biggest banks in the world, none have disclosed the total share of finance directed towards climate solutions in their most recent year of reporting, according to a study of Transition Pathway Initiative Global Climate Transition Centre (TPI Centre).
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