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Funds Europe: 17% of Article 9 funds perform worse in impact than the average Article 8 fund, with investments in sectors like alcohol, luxury cars and airlines, according to “the first” open database on science-based impact of funds” launched by The Upright Project, a Finland-based impact data provider.
MSN: The three largest US asset managers cut their support for so-called ESG proposals by shareholders during the last voting season amid Republican pushback against the controversial investing policy, according to a report.
ESG Dive: A coalition of 534 financial institutions that collectively manage $29 trillion in assets is urging global governments to “take robust action” to address the climate crisis at the COP29 climate forum and enact policies to unlock the private capital needed to support a green transition.
BNN Bloomberg: Datamaran Ltd., a software company that specializes in ESG, said it received $33 million in Series C financing from investment funds managed by Morgan Stanley.
ESG Today: The world’s largest companies are increasingly setting significant climate-related targets, according to a new study released by carbon markets-focused solutions provider Climate Impact Partners.
ESG News: A new partnership between BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX aims to revolutionize AI infrastructure with a potential $100 billion investment.
Portfolio Adviser: While 83% of European asset managers have measurable goals in place for gender equality, just 19% have a similar system in place for social mobility, a report from the Diversity Project Europe has found.
FinTech Global: This collaboration is designed to assist multinational corporations in adhering to environmental, social, and governance (ESG) reporting standards and simplifying compliance with emerging regulations.
ESG Today: Over half of companies globally report that the use of AI has a major impact on key areas of their decarbonization efforts, according to a new survey released by Boston Consulting Group (BCG), and AI usage was also found to be a significant driver of companies’ ability to derive substantial sustainability-related financial benefits, the report found.
BNN Bloomberg: News emerged last week that Morgan Stanley had quietly shelved a central pillar of its sustainability strategy: a commitment to finance the cleanup and prevention of plastic pollution.
ESG Today: The vast majority of large companies across the world have been increasing sustainability-related investments over the past year, as C-suite executives have become more concerned about the impact of climate change on their companies, according to a new survey released by global professional services firm Deloitte.
Portfolio Adviser: Defence companies were once shunned by environment, social and governance (ESG) investors much like oil and tobacco companies are, but attitudes have reversed dramatically in recent years – a new study by HANetf found that 94% of wealth managers now consider defence companies to be ESG stocks.
ESG Today: Allianz Global Investors (AllianzGI) announced that it has raised €560 million in total commitments for its Impact Private Credit Strategy (IPC) at its first closing, more than half of the total sought for this effort.
ESG News: Upright has just launched a groundbreaking open database, the first of its kind, covering the science-based impact of over 35,000 mutual funds and ETFs worldwide.
Funds Europe: A report released by the CFA Institute Research and Policy Center, the global association of investment professionals, has called for greater rigour in the classification of ESG funds.
BNN Bloomberg: At Goldman Sachs Group Inc., there’s an ESG filter that tells investors to buy coal giant Glencore Plc, and avoid Big Tech staples Microsoft Corp. and Alphabet Inc.
ESG News: Robeco has unveiled its new High Income Green Bonds Strategy, becoming the first asset manager to offer an Article 9 green bond strategy in the credit market.
BNN Bloomberg: For TotalEnergies SE Chief Executive Officer Patrick Pouyanne, the difference in the performance of his company’s stock and that of Exxon Mobil Corp., the largest US producer of oil and gas, is in no small part explained by an acronym: ESG.
ETF Stream: The BNP Paribas Easy Sustainable US UCITS ETF and BNP Paribas Easy Sustainable Japan UCITS ETF listed on Euronext Paris with a total expense ratio (TER) of 0.20%. Both ETFs will be listed on Deutsche Boerse later this month.
BNN Bloomberg: A tax break intended to lure ESG investors to Luxembourg is proving elusive, with little sign asset managers have been able to take advantage of the perk in the almost four years since it was introduced.
ESG Today: Sustainability-focused investor interest appears to have undergone a significant shift towards investments in companies enabling a ‘brown to green’ transition, with net inflows into transition focused funds in the EU nearly doubling those into environmental funds over the past 2 years.
Portfolio Adviser: Robeco has launched a High Income Green Bonds strategy, managed with a benchmark-agnostic, global approach investing across all credit sectors within green bond investments.
BNN Bloomberg: Morgan Stanley no longer has an explicit financing goal to tackle plastic pollution, as the Wall Street bank quietly shelves an earlier target.
ESG Today: Sustainability-focused investment manager Mirova announced today that it has raised €211 million (USD$233 million) for Mirova Environment Acceleration Capital (MEAC), the firm’s first impact private equity fund.
ESG News: Environmental, Social, and Governance (ESG) ratings and data products have become essential tools for financial institutions (FIs) to assess portfolio performance and environmental impact.
BNN Bloomberg: Investors with more than $13 trillion in combined assets are calling on global policymakers to set a science-based target to curb the spread of superbugs, drawing inspiration from a similar blueprint used to tackle planet-warming emissions.
ESG Today: Sustainability-focused asset management firm Candriam announced the launch of the Candriam Equities L ESG Market Neutral Fund, a new fund aimed at offering stable, positive returns, investing in companies as sustainability leaders and shorting companies identified as less sustainable.
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