Funds Europe: Franklin Templeton has launched the Franklin MSCI World Catholic Principles Ucits ETF, offering exposure to large and mid-cap stocks of companies considered environmentally and socially responsible in developed market countries.
ESG Today: BlackRock and Temasek’s decarbonization-focused fund Decarbonization Partners announced that it has raised $1.4 billion at the final close of its inaugural fund, Decarbonization Partners Fund I, well ahead of the firm’s $1 billion fundraising target.
BNN Bloomberg: What was once the world’s biggest climate alliance for insurers is now being discontinued, after a wave of attacks by the Republican-led anti-ESG movement.
US News: European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said, with a record $8.8 billion in net withdrawals from the products in the U.S.
ESG Today: The Stock Exchange of Hong Kong announced that all listed companies will be required to begin providing mandatory climate-related disclosures based on the IFRS Foundation’s International Sustainability Standards Board (ISSB) new reporting standards, with Scope 1 and 2 emissions disclosure beginning as of the 2025 reporting year.
Business Wire: Udemy, a leading online skills marketplace and learning platform, today released its Q1 2024 Global Workplace Learning Index, a quarterly report highlighting in-demand skills that help companies remain competitive in a fast-changing global economy.
ESG Today: Lawmakers in the European Parliament voted 374 to 235 to adopt the Corporate Sustainability Due Diligence Directive (CSDDD), a key piece of legislation setting mandatory obligations for companies to address their negative impacts on human rights and the environment.
BNN Bloomberg: Firms operating in the UK are being advised to go through any products and services around which some sort of sustainability claim has been made, to ensure they’re not in the crosshairs of a regulatory crackdown that’s due to take effect at the end of next month.
ESG Clarity: 160 global financial institutions and two industry stakeholders have signed a statement calling on governments to negotiate an “ambitious treaty” to end plastic pollution ahead of negotiations taking place at the fourth meeting of the Intergovernmental Negotiating Committee on Plastic Pollution (INC-4).
Forbes: Sustainability continues to gain momentum as the United States moves to standardize related reporting efforts. Most notably, the Securities and Exchange Commission recently announced its official guidance, requiring publicly traded organizations to report climate-related disclosures.
BNN Bloomberg: Global ESG investors with $9.5 trillion under management say it’s time to demand more accountability from private markets, amid evidence they’re increasingly absorbing fossil-fuel assets.
Yahoo News: Republican lawmakers in South Carolina are now targeting the financial-service industry’s agriculture lending practices, marking the latest pressure point in the party’s campaign against ESG.
Funds Europe: Investors face hurdles in obtaining reliable and comparable climate-related data, crucial for assessing investment risks and opportunities tied to climate change, a report by the CFA Institute has shown.
GreenBiz: ESG analysis helps investors consider how environmental, social and governance factors could affect long-term corporate value.
ESG Clarity: The Multi-Asset Income fund is now the Sustainable Income Allocation fund; the Multi-Asset Sustainable fund is now the Sustainable Diversified Allocation fund; and the Multi-Asset Growth fund is now the Sustainable Dynamic Allocation fund.
ESG Today: The majority of U.S. CEOs expect to see significant returns from their company’s sustainability investments within three to five years, and the corporate leaders continue to rank ESG as their top operational priority.
BNN Bloomberg: Texas borrowers gathered at an industry conference bemoaned two Republican-backed laws in the state that issuers say have restricted which Wall Street banks they can do business with.
Funds Europe: 95% of UK pension funds and insurers in a survey said they expect to increase allocations to renewable energy assets over the next five years.
XM: In the United States, conservative politicians have been successful in tamping down environmental, social and corporate governance (ESG) product marketing, in diluting regulations that promote ESG disclosures, and in discouraging financial firms from co-ordinating on curbing greenhouse gas emissions.
ESG Today: Lawmakers in the European Parliament voted to adopt a new law aimed at establishing a certification system to quantify, monitor and verify carbon removals, and to counter greenwashing.
ESG Clarity: More listed companies are setting science-based targets, and emissions disclosures are growing, but companies’ decarbonisation trajectories still place them on a path to warm the planet by 3 degrees celsius, the latest MSCI Net-Zero Tracker report has revealed.
BNN Bloomberg: Investment funds focused on environmental, social and governance factors will be able to withstand a victory by Donald Trump in the US Presidential election this November, according to Ian Simm, the founder and CEO of Impax Asset management.
ESG Today: Alternative investment data and insights provider Preqin announced the launch of new ESG performance benchmarks aimed at enabling users to assess performance of private markets ESG funds, as well as SFDR, impact and climate funds.
Yahoo Finance: West Virginia has added Citi, HSBC and two other financial firms to a list of institutions that may be barred from some state business due to their energy finance policies, prompting three of them to assert their commitment to that industry.
ESG Today: The Sustainability Standards Board of Japan (SSBJ) announced the release of new exposure drafts for proposed standards for companies to report sustainability and climate-related information, based on the recently released sustainability disclosure standards by the IFRS Foundation’s International Sustainability Standards Board (ISSB).
Yahoo Finance: BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labeled an energy “boycotter” in West Virginia.
Forbes: Despite warnings of a backlash against sustainability over the last couple of years, the environmental, social and governance issues that underpin the buzzword are clearly hardening into business imperatives.
ESG Today: The U.S. Securities and Exchange Commission announced that it has paused the implementation of its recently released climate disclosure rules requiring companies to report on climate-related risks and greenhouse gas (GHG) emissions.
Yahoo Finance: Two decades ago, she served as one of 12 asset managers who helped former United Nations official Paul Clements-Hunt coin the term for what’s now a $3 trillion fund sector that aims to not only reap financial returns, but also deliver positive impacts on environmental, societal and governance issues.
ESG Today: Professional services firm EY announced today the launch of a new Sustainable Finance Innovation Hub, aimed at supporting financial institutions globally in meeting their ESG regulatory and reporting requirements.
ETF Stream: BlackRock’s Larry Fink will face a vote on his dual role as chairman and CEO after UK activist investor called for more oversight over the asset manager’s approach to sustainable investing.
BNN Bloomberg: The Platform on Sustainable Finance, which advises the European Commission on environmental, social and governance policies, is proposing that flows generated through sustainability-linked bonds (SLBs) be excluded from an EU exercise designed to monitor how well the bloc’s green rules are working.
BNN Bloomberg: US regulators, led by the Federal Reserve, have thwarted a push to make climate risk a focus of global financial rules, according to people familiar with the matter.
ESG Today: The vast majority of professional investors globally have put in place ESG investment policies over the past several years, with investors looking both to minimize sustainability-related risk and capitalize on opportunities.
Investment Executive: European regulators are consulting on proposed changes to rules governing credit rating agencies that aim to boost sustainability considerations.
GreenBiz: As the 2024 proxy season gets underway — and as climate disasters occur with increasing frequency, costing hundreds of billions in damages and business disruptions in recent years — many shareholder resolutions at large public companies focus on the climate crisis.
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