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Yahoo Finance: A fund launched by AQR Capital Management LLC is about to give investors a taste of how well ESG can be combined with the goal of generating market-beating returns.
Portfolio Adviser: Fidelity closed its UK-domiciled Sustainable Water & Waste OEIC on 15 August, less than five years after its December 2019 launch.
ESG News: LGT Capital Partners' 2024 ESG Report highlights the growing dedication among alternative investment managers to Environmental, Social, and Governance (ESG) standards. Over the past decade, the percentage of private equity managers with robust ESG processes has jumped from 27% to 73%, signaling a significant shift towards sustainability.
Funds Europe: The global sustainable finance market is showing signs of improvement in 2024, with stable issuance levels and emerging areas of growth, according to research from ING, a global financial institution of Dutch origin.
BNN Bloomberg: Australia’s corporate watchdog urged the country’s financial services industry to do more to crack down on greenwashing, after taking action in dozens of cases.
Yahoo Finance: BlackRock, the world's biggest asset manager, cut its support for shareholder proposals linked to environmental and social issues to a fresh low of 4.1% in the most recent annual general meeting season, it said.
ESG Today: A U.S. federal court has issued a ruling blocking new regulations in Missouri aimed at limiting the ability of financial professionals to integrate ESG considerations into their investment advice, finding that the regulation was vague and unconstitutional.
BNN Bloomberg: Bonds that fund companies’ environmental projects, or give corporations an incentive to improve their governance or achieve social goals like boosting gender equality, have seen sales drop this year.
ESG Today: Over two thirds of large companies in the U.S. have put in place dedicated budgets for sustainability reporting, and nearly all plan to increase spending on sustainability and compliance reporting... according to a new survey by ESG and EHS solutions provider EcoOnline.
ESG News: Australia’s ruling Labor Party has ambitious goals to derive 82% of the country’s power from renewables by 2030, a significant increase from the current 40%. This policy framework is driving banks like CBA and NAB to rethink their lending strategies, focusing on supporting the transition to a renewable energy future.
Investing.com: A federal judge in Missouri struck down the Republican-led state's rule limiting the ability of financial professionals to consider environmental, social, and corporate governance factors in giving investment advice.
Yahoo Finance: The wave of anti-ESG sentiment that fueled a global retreat from the investing strategy is now showing signs of losing steam, according to an executive at the wealth management arm of Deutsche Bank AG.
ESG News: Canadian investors focused on sustainability now have more choices than ever. Despite a record outflow of C$2.1 billion in Q2 2024, largely due to a single institutional investor’s withdrawal from the BMO MSCI USA ESG Leaders ETF ESGY, the overall landscape for sustainable investing in Canada is expanding.
Yahoo Finance: Texas has added Britain's NatWest to a list of firms that "boycott" energy companies, potentially restricting the bank's business with public agencies, the comptroller said.
BNN Bloomberg: Fresh off a win in Louisiana, Bank of America Corp. was dealt a blow by a Republican official in the state. Louisiana State Treasurer John Fleming said he wouldn’t recommend Bank of America’s application to become a state depository and fiscal agent for the state — his counsel will be considered by an ad hoc panel.
ESG Today: International banking group Standard Chartered announced the launch of a new ESG-linked cash account, enabling corporate clients to be rewarded, through the credit balance interest rate or fee pricing, for meeting material ESG-related targets.
Portfolio Adviser: The fund is available as an EU-domiciled VCC in Europe. It aims to achieve long-term capital growth by investing in a portfolio of 30 to 60 companies in the Asia-Pacific region, including Japan, which are helping to bring about a more sustainable future.
BNN Bloomberg: The asset management unit of Goldman Sachs Group Inc. has walked away from the world’s biggest climate alliance for investors, marking the latest in a string of similar defections amid continued Republican Party attacks on green finance.
ESG News: The U.S. Securities and Exchange Commission (SEC) is staunchly defending its climate disclosure rule in court, asserting that the rule is vital for providing investors with critical information on climate-related risks.
Future CFO: According to an industry expert, Scott Lane, CEO and Founder of Speeki, a full-service ESG and sustainability reporting and management partner to large multinationals, fund managers and corporates must bring in cross-function ESG generalists to boards, rather than experts with a narrow expertise in sustainability or diversity.
BNN Bloomberg: The public finance desk at Wells Fargo & Co., Bank of America Corp., JPMorgan Chase & Co. and other Wall Street banks just sidestepped a potential ESG fight in Louisiana. In a quick meeting that lasted less than 10 minutes, members of the state’s bond commission approved the firms as part of a group of managers that the state can hire on debt deals.
Yahoo Finance: Britain said it would propose a law next year to regulate raters of company environmental, social and governance (ESG) performance, whose benchmarks help channel billions of dollars into sustainability-focused investment funds.
ESG Today: Alternative investment manager Blackstone’s energy-focused private equity business, Blackstone Energy Transition Partners, announced the acquisition of a majority stake in renewables and power infrastructure-focused engineering and consulting firm Westwood Professional Services.
Yahoo Finance: Businesses believe the desire to improve financial performance should be the single most significant factor behind companies introducing environmental, social and governance (ESG) strategies for the first time, a new survey has found.
ESG Today: Digital supply chain and reverse logistics provider Onepak announced that it has raised $20 million from the Private Equity Impact team at asset manager Nuveen, aimed at developing and scaling its platform for facilitating e-waste circularity.
ESG News: A recent report by Environmental Resources Management (ERM) highlights a significant issue within the ESG rating market: greenwashing. According to the study, 68% of corporate leaders in the United States admit to engaging in greenwashing practices.
ESG News: Breakthrough Energy Ventures (BEV), backed by Bill Gates, has secured $839 million for its third flagship fund, BEV III, according to a recent regulatory filing. This makes it the largest climate fund raised so far in 2024.
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