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BNN Bloomberg: Despite the recent anti-ESG pushback in the US, many companies — roughly 90% in a survey by KPMG — plan to dedicate more financial resources to ESG over the next three years.
Forbes: Environmental, social and governance (ESG) has evolved into a crucial new corporate strategy and management discipline. It combines corporate social responsibility, supply chain strategy, production, vendor and supplier management, logistics, and employee behavior.
Yahoo Finance: Interest in sustainable investing has taken a back seat in the past year after the the environmental, social and governance strategy found itself enmeshed in a viscous political storm.
Investing.com: In a notable shift in the climate advocacy landscape, JPMorgan Chase and State Street have exited the Climate Action 100+ (CA100+), a prominent global investor coalition focused on climate change.
ESG Today: Goldman Sachs Asset Management announced the launch of the Goldman Sachs Global Green Bond UCITS ETF, a new Article 9 fund tracking a bespoke index developed with Solactive, tracking the performance of investment-grade bonds denominated in G10 currencies.
GreenBiz: As the U.S. Securities and Exchange Commission finalizes its rule to standardize climate-related disclosure, how should companies and investors prepare?
ESG Clarity: Investor engagement with oil and gas companies has achieved “derisory” results and must be radically improved, including by voting down directors, according to an open letter NGO Reclaim Finance sent to 50 large investment firms.
Forbes: In 2023, the EU had a number of requirements come into effect that have a direct impact on U.S. businesses. These are directives focused on environmental, social and governance, commonly referred to as ESG, which all public companies are required to disclose.
BNN Bloomberg: Despite a barrage of Republican attacks, lackluster returns and diminishing client interest in the US, BlackRock Inc. has been quietly expanding its dominance in ESG investing.
ESG Clarity: The Belgian Presidency has decided to postpone the Corporate Sustainability Due Diligence Directive (CSDDD) vote in the Council of the EU, following Germany’s announcement of abstention and the need for further discussions among EU Member States.
Yahoo Finance: The best defense against Republican attacks on ESG is to persuade naysayers that the investing strategy can actually help financial performance, according to the chief investment officer for responsible investment at Man Group.
ESG Today: HSBC and Google Cloud announced today the launch of a new partnership aimed at financing and supporting companies providing climate mitigation and resilience solutions.
ESG Clarity: Schroders Greencoat, the renewables and energy transition infrastructure manager of Schroders Capital, has launched a long-term asset fund (LTAF) dedicated to renewable energy and energy transition infrastructure.
BNN Bloomberg: The European Union has agreed to delay additional ESG disclosure requirements by two years, as it responds to pressure from businesses leaders who warn they’re buckling under the weight of regulations.
GreenBiz: As companies seek to align their business practices with sustainability goals, chief financial officers are uniquely positioned to facilitate that transformation.
ESG Clarity: The European Commission’s proposal for almost full decarbonisation by 2040 “is revolutionary and reinforces the EU position as a global leader on climate change”, according to a leading policy director at the International Emissions Trading Association (IETA).
Yahoo Finance: US sustainability funds just faced their worst year on record in 2023, according to a new Morningstar report, but the outlook isn't entirely bleak.
ESG Today: Brookfield Asset Management announced today that it has raised $10 billion at the first close of its second global private equity fund focused on investments accelerating the transition to a net-zero economy, the Brookfield Global Transition Fund (BGTF II).
ESG Clarity: The Morningstar ESG Commitment Level helps investors assess an asset manager’s alignment to their own sustainability preferences by providing insights into the firm’s sustainable-investing philosophies, ESG integration processes, resources and active ownership activities.
ESG Today: Sustainability-focused investment manager Mirova announced that it has reached $282 million in commitments for the Mirova Gigaton Fund, its blended finance debt fund aimed at accelerating the clean energy transition in emerging markets, reaching more than half of the fund’s $500 million target a year after launching.
BNN Bloomberg: The EU was on track to move forward with the Corporate Sustainability Due Diligence Directive after December, when lawmakers and representatives of member states ended months of negotiations with a provisional agreement.
BNN Bloomberg: Investors pulled a total of 660 billion yen ($4.5 billion) from funds last year, according to the research firm Morningstar. That’s more than four times the outflows of 150 billion yen in 2022.
ESG Today: Companies globally are increasing the use of ESG factors in their executive compensation programs, with more than 80% of incentive plans now incorporating at least one ESG metric, and the integration of environmental metrics rising particularly rapidly, according to a new study released by professional services and solutions provider WTW.
Forbes: ESG and sustainability strategies are no longer nice to have—they are becoming central to successful business strategies as external stakeholders put increased pressure on organizations to demonstrate how they are making a positive impact in the communities they serve.
ESG Clarity: Merger and acquisition (M&A) activity could be hampered this year by the regulatory environment around ESG and antitrust rules, according to a report.
Yahoo Finance: After the worst quarter in its roughly two-decade history, ESG’s future is once again a subject of intense debate. Against a backdrop of attacks by the Republican Party and lackluster returns, ESG funds in the US bled more than a net $5 billion in the final three months of 2023.
ETF Stream: ETFs provided the bright spots for ESG asset gathering in the last quarter of 2023 as active strategies suffered considerable outflows, according to new research by Morningstar.
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