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XM: Major Chinese asset managers have trillions of dollars invested in fossil fuels with no plans for a phase out, a new Greenpeace report said.
Funds Europe: Despite rising client interest in sustainable investments, many wealth managers and financial advisors lack the necessary systems to manage these concerns effectively, according to a survey.
ESG Today: Impact data and analytics provider GIST Impact announced today an investment from UBS’ venture and innovation unit, UBS Next.
BNN Bloomberg: As banks increasingly seek to transfer their credit risk to less regulated investors, buyers on the other side of those deals are starting to request an additional feature: sustainability.
ESG Today: Switzerland’s Federal Council announced today that it will hold off on regulating greenwashing in the financial sector, allowing instead for the industry to monitor itself, following progress made by the sector’s associations in developing and implementing self-regulatory provisions.
BNN Bloomberg: The Australian government is planning to introduce ESG labeling requirements, as it seeks to fight greenwashing and steer more capital into credible sustainable activities.
Institutional Investor: Republican lawmakers continued their legislative efforts to stymie investments in their states that use environmental, social and governance factors to choose companies — with little success.
U.S. News: European Union regulators proposed sweeping changes to the bloc's rules on labelling sustainable investments, to give investors simpler and clearer information and to stop "greenwashing" risks.
Funds Europe: Only 40% of high emitting companies disclose and quantify the impacts of their decarbonisation actions, a study has found.
ESG Today: Brookfield Asset Management (BAM) and UAE-backed climate investment platform ALTÉRRA announced the launch of the Catalytic Transition Fund, aimed at directing capital into clean energy and transition assets in underserved emerging economies.
ETF Stream: BlackRock has unveiled a five-strong climate transition ETF range. The ETFs aim to ‘provide access to companies leading in the transition to a low carbon economy.’
BNN Bloomberg: UBS Group AG just held its first-ever conference dedicated to the ESG theme of biodiversity, signaling its ambitions to grow in a business area that Credit Suisse had targeted for expansion before its collapse.
Portfolio Advisor: Despite looming regulatory deadlines to report on ESG, just 29% of companies feel ready to have their ESG data independently verified, up only a fraction from nine months ago, according to research from KPMG.
GreenBiz: The Science Based Targets initiative will requires banks and other financial institutions setting science-based targets for emissions reductions to phase out most coal-related activities by 2030 and publicly declare when they’ll stop financing companies and projects that don’t align with the Paris Agreement goal to hold global temperature increases under 1.5 degrees Celsius.
MSN: On March 26, 2024, BlackRock CEO Larry Fink caused quite a stir. His annual chairman’s letter to investors was in the news for what it did not have. Conspicuous by its absence was the mention of the term ESG (environment, social, and governance).
Yahoo News: House Republicans are blasting Wall Street firms over climate-minded investing, the latest flare in the party’s criticism over environmental, social and governance (ESG) investing.
ABC: The first of four days of climate activists making their voices heard kicked off in Manhattan. The activists call the shutdowns "The Summer of Heat on Wall Street." They say it's a months-long campaign to hold protests to push Wall Street to stop funding oil, coal, and gas.
ESG Today: Two-thirds of funds in the EU labelled with sustainable or ESG-related terms may need to sell assets or change their names to align with new anti-greenwashing rules, with stock divestments of as much as $40 billion if all were to keep their names, according to a new report released by investment research firm Morningstar.
Funds Europe: BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco, and Storebrand Asset Management have issued a joint statement calling on ESG data providers to enhance their data offerings on ocean-related risks and opportunities at the project and issuer level.
Cointelegraph: It’s no secret that the crypto industry is facing an uphill battle on its journey to access the masses, and the lack of a relatable narrative stands as a major challenge to tackle.
BNN Bloomberg: The US stock market has emerged as the most exposed to divestment after the European Union unveiled new rules limiting how freely asset managers can attach ESG labels to their funds.
Funds Europe: Despite speculation and allegations of greenwashing or ESG fatigue among investment companies, most firms remain keen to improve their sustainability efforts, according to a survey.
ESG Today: A federal court in Australia ruled that superannuation fund Active Super trustee LGSS Pty Limited contravened the law by making misleading ESG investing representations to its members, by continuing to invest in securities in areas that it had claimed to eliminate for environmental or social reasons.
Yahoo Finance: The ESG Reporting Software Market is expected to grow from USD 0.9 billion in 2024 to USD 2.1 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 17.0% during the forecast period, according to a new report by MarketsandMarkets™.
Business Wire: Nearly 96% of corporate boards expect a continued or stronger focus on ESG over the next five years, with diversity, equity and inclusion (DEI) and climate change topping the list of priorities, according to the new Sustainability in the Spotlight 2024 report from Diligent and Spencer Stuart.
Forbes: In the current corporate world, environmental, social and governance (ESG) criteria have become essential indicators of a company’s long-term sustainability and ethical practices. Investors are demanding transparency and accountability in these areas, making companies adopt robust ESG practices.
ESG Today: Sustainability considerations are becoming increasingly central in the mergers and acquisitions dealmaking process, with more than 70% of M&A leaders reporting abandoning potential acquisitions over ESG concerns, according to a new survey released by global professional services firm Deloitte.
BNN Bloomberg: Analysts at Barclays Plc are warning that a growing number of stocks will be consigned to exclusion lists as new European Union rules for ESG funds are enforced.
ESG Today: More than 40% of investment funds in the EU using ESG or sustainability-related labels may be required to change names or sell assets in order to meet new anti-greenwashing rules, according to a new analysis released by sustainability technology platform Clarity AI.
ESG Today: Brookfield Asset Management announced today that it has entered into exclusive negotiations to acquire a majority stake in France-based global renewable energy developer at an equity value of €6.1 billion (USD$6.6 billion) from responsible investment company Impala.
BNN Bloomberg: Asset managers outside the UK are about to find out whether they can continue to sell their ESG funds to British investors. The UK is preparing to launch a consultation on the geographic scope of its new rules for funds claiming to target environmental, social and governance goals.
ESG Today: Investors are shifting the focus of their climate investing strategies, with the majority looking to allocate funds to climate solutions and to strategies focused on ‘brown-to-green’ companies transitioning to lower emissions, according to a new survey released by international asset manager Robeco.
Funds Europe: Abrdn has appointed Dan Grandage as the chief sustainability officer, investments, reporting to Peter Branner, chief investment officer.
GreenBiz: Asset management and private capital fund managers have a unique value chain that shapes their culture, key performance indicators and customer.
BNN Bloomberg: Europe’s biggest pension fund, Stichting Pensioenfonds ABP, has exited all liquid assets in oil, gas and coal worth about €10 billion ($10.8 billion), in an effort to be greener.
BNN Bloomberg: ESG was near the top of just about every top executive’s talking points just a few years ago. Now, tired of drawing flak from activists on either side of the political spectrum, many CEOs have decided to bottle it up — particularly in the US.
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