.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
Yahoo News: President-elect Donald Trump's pick to lead the energy department believes fossil fuels are the key to ending world poverty which, he says, is a greater problem than climate change's "distant" threat, according to a report he penned as CEO of oilfield services company Liberty Energy.
ESG Today: HSBC Hong Kong, Cathay Pacific and biofuels platform EcoCeres announced a new initiative aimed at helping to decarbonize air travel by supporting the use of sustainable aviation fuel (SAF) in Hong Kong.
ESG News: At COP, Societe Generale reaffirmed its commitment to advancing the environmental transition. The bank’s new €500 billion sustainable finance target for 2024–2030 includes €400 billion in financing and advisory and €100 billion in sustainable bonds.
Portfolio Adviser: Global climate funds are on track to experience their first year of outflows on record, with near $24bn (£19bn) in redemptions from January to September, according to Morningstar’s Sustainalytics report.
BNN Bloomberg: Exxon Mobil Corp. once appeared to be the biggest corporate casualty of the ESG movement. An activist investor forced Exxon to replace a quarter of its board in 2021, largely because of the Texas oil giant’s inadequate plan for the energy transition.
ESG News: The Council of the European Union has approved a groundbreaking regulation to enhance the transparency, consistency, and comparability of environmental, social, and governance (ESG) ratings.
PR Newswire: Despite potential environmental, social and governance (ESG)-related headwinds globally, increasing extreme weather, emerging regulations, disruptive technology and changing consumer perspectives, have pushed sustainability to the top of many corporate agendas, finds KPMG's 2024 CEO Outlook.
Funds Europe: BNP Paribas Asset Management has launched a fund which will invest in sustainable forestry. The fund is the first launched by BNPP AM in partnership with natural capital expert IWC, a global natural capital specialist, majority owned by BNPP AM and headquartered in Copenhagen.
ESG Today: The IFRS Foundation announced today the publication of a new guide aimed at helping companies to identify and disclose material information about sustainability-related risks and opportunities that could have an impact on their short- or long-term cash flows, access to finance or cost of capital, and to assess materiality.
BNN Bloomberg: When Donald Trump first won the White House in 2016, his victory created one of the all-time best sales pitches for green-minded investment funds: If Washington wasn’t going to push for a transition to cleaner energy to slow climate change, maybe capital markets could.
ESG Dive: The fourth edition of Accenture’s “Destination Net Zero” report found that 45% of G2000 companies are off-track for net-zero and still have increasing emissions.
Funds Europe: Hedge funds are ramping up spending on risk management as concerns over regulatory pressures and transparency grow, according to research by fintech firm Beacon Platform Inc.
ESG Today: Companies globally are only incrementally improving the quality of their climate-related disclosures, with only around a third referencing climate-related financial impact on their financial statements, and nearly sixty percent not yet disclosing transition plans, according to a new study released by global professional services firm EY.
ESG News: The Financial Stability Board (FSB) has released its 2024 progress report on climate-related financial disclosures, underscoring the strides made by global jurisdictions in implementing International Sustainability Standards Board (ISSB) disclosure standards.
ESG Today: The U.S. Securities and Exchange Commission (SEC) announced that it has charged global asset manager Invesco for making misleading claims regarding its ESG-related investments, including overstating the proportion of assets under management that integrated ESG considerations.
ESG News: The California Community Choice Financing Authority stands out with $6 billion issued in 2024, boosted notably in recent months. This places the Authority among the top global issuers, ahead of China and Canada.
US News: Hedge funds snapped up bank stocks at the quickest clip in three years while taking bets against renewable electricity producers last week, a Goldman Sachs note showed, as investors reacted to Donald Trump's win in the U.S. presidential election.
Funds Europe: Investment manager Ninety One’s Global Environment Fund will adopt the new ‘Sustainability Impact’ label under the UK’s financial regulator—the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) regime—effective December 1, 2024.
MSN/Reuters: Many U.S. companies have stepped up reporting on environmental and social matters in recent years even with sustained pressure from conservative politicians, data reviewed by Reuters shows.
ESG Dive: HSBC CEO Georges Elhedery on Tuesday answered the question that had burned at analysts over the week since the bank announced a pending reorganization.
Yahoo Finance: Morgan Stanley’s update also adjusted existing 2030 targets for the power, energy and auto manufacturing sectors and set new targets for the aviation, chemicals and mining sectors. The bank said its current goals “reflect [the bank’s] best efforts at this point in time.”
BNN Bloomberg: Consumer advocacy groups and labor unions are lining up to support plans by the FDIC to step up scrutiny of stakes in US banks held by money managers such as BlackRock Inc. and Vanguard Group Inc., citing the danger of too much concentration.
ESG Dive: Of the 81 members who have set targets, nearly all (79) have also committed to setting sub-portfolio decarbonization targets which, on average, aim for a 26% reduction in emissions by 2025 for bonds, equities, real estate and infrastructure investments.
ESG Today: A majority of company finance leaders globally say that they are concerned about perceived greenwashing risks from sustainability reporting in their industries, and most do not believe that their organizations will hit their major sustainability ambitions.
Yahoo Finance: An emerging ESG debt market that’s been embraced by bankers at JPMorgan Chase & Co. and Bank of America Corp. is about to see its pipeline get a meaningful boost, thanks to an agreement struck in Colombia.
BNN Bloomberg: A lack of green offices is posing a fresh risk to Hong Kong’s beleaguered property sector amid a slump that’s already wiped billions of dollars from real estate values.
ESG Today: UK-based assets manager M&G and its Zurich-based impact investing unit responsAbility Investments announced the launch of the M&G responsAbility Sustainable Solutions Bond Strategy.
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