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ESG Today: EU markets regulator the European Securities and Markets Authority (ESMA) announced the publication of its “Opinion on the Sustainable Finance Regulatory Framework,” setting out a series of key recommendations aimed at facilitating investor access to sustainable investments and supporting the financing of the transition to a sustainable economy.
GreenBiz: The European Union’s Nature Restoration Law, a landmark piece of legislation that requires restoring 20 percent of the continent’s land and marine ecosystems by 2030 and paves the way for broader restoration for the long-term recovery of nature in the region, was passed in June.
ESG News: Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) has announced a major step in its green financing efforts with the issuance of C$400 million in medium-term notes.
Funds Europe: Investors in Europe and Asia can transition to sustainable options with minimal impact on their portfolio exposures, according to a Morningstar research. Key takeaways from the report include insights into the limited growth bias of both active and passive sustainable strategies relative to their conventional peers.
Forbes: Finance departments aren’t just for finance anymore, and today's CFO really needs to be a full-on strategist. That’s one of the main conclusions from a report released earlier this month by Genpact and HFS Research, but it’s something most CFOs are very familiar with as their jobs have been rapidly changing.
ESG News: In a comprehensive study conducted by MSCI ESG Research, the relationship between MSCI ESG Ratings and the cost of capital for corporate equity and debt issuers was analyzed. The study revealed that companies with higher ESG ratings generally experience lower financing costs, both in equity and debt markets.
ESG Today: Most companies and investors are not yet measuring and targeting reductions in Scope 3 value chain emissions, leading to significant overlooked and unreported financial risks in their supply chains, according to a new report released by Boston Consulting Group and environmental disclosure system CDP.
BNN Bloomberg: T. Rowe Price Group Inc. is targeting a corner of the sustainable debt market that it sees growing fast over the next decade: blue bonds. Blue bonds are debt instruments issued by companies or financial institutions to fund projects that help protect or revive the world’s oceans and waterways in the face of climate change, overfishing and pollution.
Funds Europe: The EU Green Bond Standard (EU GBS), a voluntary ‘gold standard’ for Green, Social, and Sustainability (GSS) bond issuers, aims to combat greenwashing and enhance the transparency and credibility of Green Bonds across the EU.
GreenBiz: Some of the world's largest businesses and financial firms have urged governments to embrace more ambitious policies to halt and reverse nature loss this decade, as diplomats step up preparations for the next U.N. Biodiversity Summit in Colombia this autumn.
Yahoo Finance: At some of the world’s biggest asset managers, ESG fund launches are quietly stalling. BlackRock Inc., Deutsche Bank AG’s DWS Group, Invesco Ltd. and the asset management arm of UBS Group AG are among firms that have cut the number of new funds with environmental, social and governance mandates, according to data provided by Morningstar Direct.
U.S. News: A U.S. appeals court ordered a Texas judge to reconsider his decision upholding a Biden administration rule that allows socially conscious investing by employee retirement plans, in light of a major recent Supreme Court ruling.
ESG Today: Australian energy transition platform Symphony Infrastructure Partners announced that it has raised A$488 million (USD$329 million) in a Series A financing round including A$300 million (USD$202 million) from lead investor Blackstone, with proceeds aimed at accelerating the company’s growth and completing a series of five pending acquisitions.
Yahoo Finance: At Institutional Investor, keeper of Wall Street’s version of the Oscars for financial analysts, the winner in one category this year is — nobody. The red carpet is being formally rolled up for the three letters, ESG. The 57-year-old II has dropped the label, short for environmental, social and governance, from its annual analyst rankings.
ESG Today: Global financial services group HSBC is launching HSBC Infrastructure Finance (HIF), a new business unit aimed at pursuing infrastructure financing and project finance advisory opportunities associated with the transition to a low carbon economy, according to an internal memo by Greg Guyett, HSBC’s CEO of Global Banking and Markets, seen by ESG Today.
BNN Bloomberg: BlackRock Inc. is bolstering its government-relations staff with a new hire in Austin as the money manager fends off criticism from Texas Republicans.
ESG News: ESG due diligence is becoming a critical priority for Australian dealmakers, mirroring global trends. According to KPMG’s ESG due diligence study, 71% of investors have increased the importance of ESG in their transactions over the last 12 to 18 months.
BNN Bloomberg: Chinese developers are issuing far fewer securities tied to climate or social objectives, resulting in only $2.8 billion being raised in Asia Pacific in the first half, data compiled by Bloomberg Intelligence show.
BNN Bloomberg: Europe’s financial markets watchdog said companies shouldn’t anticipate that the complexity of new ESG reporting requirements will excuse sloppy disclosures.
Funds Europe: UK pension funds and insurers are showing a strong preference for diversification across renewable energy technologies, according to a survey.
ESG News: BlackRock has introduced the iShares Global Real Estate Environmental Tilt UCITS ETF, a pioneering exchange-traded fund (ETF) designed to integrate environmental, social, and governance (ESG) principles into global real estate investments.
PA Future: More than 90% of US companies plan to increase reporting emphasis on the Securities and Exchange Commission’s final climate rule despite legal challenges, according to results from the latest research from Persefoni in conjunction with the Financial Education & Research Foundation (FERF).
ESG Today: Deutsche Bank announced that it has raised €500 million through its first-ever social bond offering, with proceeds aimed at supporting the bank’s sustainable asset pool which provides financing for areas including affordable housing, and access to essential services for elderly or vulnerable people.
Institutional Investor: In the often dogmatic debate over whether using environmental, social, and governance factors helps or hurts investment returns, neither side is going to cheer the findings of a recent Preqin report: ESG didn’t matter.
GreenBiz: According to the newly released Sustainability Leaders 2024 Survey, one-third of sustainability experts point to legislative action as the most significant positive development related to the sustainability agenda in the last year.
PA Future: Private capital ESG fundraising hit $55bn by the end of April 2024 – a pace comparable to 2022’s high of $163bn over 12 months, according to the latest report from Preqin.
ESG Today: Global asset manager Invesco announced the launch of the Invesco MSCI Global Climate 500 ETF (KLMT), and new exchange traded fund providing exposure to companies meeting environmental and climate criteria and reducing greenhouse gas emissions.
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