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Yahoo Finance: BNP Paribas is rethinking sustainable finance to focus on profitable deals and on redefining what it considers sustainable, a senior executive said, as it became the latest bank to distance itself from the ESG label.
ESG News: A climate financing fund launched by the European Investment Bank (EIB) and Allianz Global Investors (AllianzGI) has finalized its size at €450 million with a recent €20 million contribution from Germany’s Kreditanstalt für Wiederaufbau (KfW).
ESG Dive: The White House published an executive order Tuesday that directs the heads of agencies, in cooperation with the attorney general, to submit a report by May 21 with recommendations to “encourage the private sector to end illegal discrimination and preferences, including DEI.”
ESG Today: A majority of people globally believe that their companies are not doing enough to address climate change and sustainability, and many are taking or considering climate change-related significant lifestyle changes in areas affecting consumption, living location and work choices, according to a new survey released by global professional services firm Deloitte.
Yahoo Finance: The European Union is facing mounting pressure to scale back its highly contested ESG reporting requirements, as France prepares to unveil a formal proposal seeking to limit the scope of the regulatory framework.
ESG Today: Most of Canada’s major banks have elected to exit the Net-Zero Banking Alliance (NZBA), continuing a largely North America-focused exodus from the UN-backed coalition of banks dedicated to advancing global net zero goals through their financing activities, kicked off last month by their Wall Street peers.
ESG Dive: BlackRock and Tennessee Attorney General Jonathan Skrmetti reached a settlement last week on the state’s lawsuit alleging the investment management firm was misleading consumers about its ESG strategies.
MSN: A fifth of private deals in 2024 had some sustainability element, UBS' EMEA president told delegates at the World Economic Forum in Davos. "In the private space around 20% of all deals we have seen in 2024 are some how connected to sustainability in one way or another," said Beatriz Martin Jimenez, who is also sustainability and impact lead for the UBS' executive board.
ESG News: A recent CDP Corporate Health Check reveals that 80% of companies on track to meet climate targets now tie executive pay to achieving these goals, underscoring the importance of governance and strategic action in driving environmental progress.
BNN Bloomberg: Tennessee said it settled a lawsuit with BlackRock Inc. after accusing the world’s largest money manager of allegedly breaching consumer protection laws by making “misleading” statements about its ESG investment strategy.
Portfolio Adviser: The outlook for global risk is “bleak” in the near and long term, with environmental concerns accounting for half of the top 10 risks over the long term in the 20th Global Risks Report published by the World Economic Forum.
ESG Today: World Bank Group member the International Finance Corporation (IFC) announced that it has raised $2 billion in a new social bond offering, with proceeds aimed at funding projects supporting low-income communities in emerging markets.
ESG News: Apollo Global Management and Standard Chartered PLC have entered into a strategic partnership to accelerate financing for infrastructure and renewable energy projects worldwide.
Funds Europe: Evergreen funds are a transformative development in the cross-border funds industry, allowing a broader range of investors to access private markets – which have generally outperformed traditional public markets over the last three decades.
ESG Dive: Barclays’ Group Head of Sustainability Laura Barlow is stepping down from her role, a spokesperson for the bank confirmed to ESG Dive. Barlow will remain with the bank in the capacity of a senior adviser.
BNN Bloomberg: The exodus of Wall Street’s biggest firms from prominent climate groups has been greeted with triumphant cheers from Republicans in the US who accuse such coalitions of colluding to boycott the fossil-fuel industry. It could prove to be a hollow victory, though.
ESG Today: The Net Zero Asset Managers (NZAM) initiative, a major multi-trillion dollar group of investment managers committed to supporting the goal of net zero greenhouse gas emissions by 2050, announced that it will suspend its primary activities, as it moves to adapt to a changing political and regulatory environment.
Funds Europe: Investment manager Schroders has secured a £5.2 billion sustainable investment mandate from UK wealth manager St. James’s Place, with the allocation transition set to begin in Q1 2025.
U.S. News: A turbulent year for sustainable finance is set to continue in 2025 as the return of Donald Trump as U.S. president heralds more regional divergence on everything from fund flows to legal cases and market regulations.
Legal Dive: There’s an anti-ESG movement in the United States but the larger trend is for more, not less, accountability for companies that try to push growth at the expense of these non-business values, according to the report.
Funds Europe: Two funds of asset manager T. Rowe Price have been approved to carry the Sustainability Impact label under the UK’s Sustainability Disclosure Requirements (SDR) regime.
BNN Bloomberg: BlackRock Inc. is parting ways with one of the world’s biggest climate-investor groups after being targeted by Republican politicians for its efforts on global warming.
ESG Today: Private equity and venture capital investor EQT Group announced the distributed energy company Scale Microgrids through its recently launched Transition Infrastructure strategy, from Warburg Pincus and other shareholders.
Portfolio Adviser: Invesco has appointed Arun Kelshiker as head of EMEA sustainable and impact investing distribution, helping to raise and mobilise capital in sustainable and impact-focused investment strategies in EMEA, and coordinate with colleagues at Invesco globally.
BNN Bloomberg: Some of France’s largest companies, including Amundi SA and Electricite de France SA, have signed a letter to European policymakers urging them to ensure the bloc sticks with its current timetable for implementing ESG reporting rules.
ESG Today: International asset manager Robeco announced the key focus areas for its 2025 corporate engagement activity, with a continued focus on ‘evergreen’ issues.
ESG News: The World Bank kicked off its 2025 funding program with an Australian dollar (AUD) 1.75 billion 5-year Sustainable Development Bond, maturing January 10, 2030.
Funds Europe: Deepki, an ESG solution platform for real estate, has launched an AI-driven solution to help accelerate the decarbonisation of real estate portfolios. The tool, designed for commercial real estate owners, investors, and managers, helps them identify and prioritise capital expenditures that enhance asset value and align with net-zero goals.
BNN Bloomberg: Annual issuance of global sustainable bonds reached $1 trillion for the second time in 2024, fueled by record sales of green and sustainability notes.
ESG Today: Morgan Stanley has joined several of its peers in exiting the Net-Zero Banking Alliance (NZBA), a UN-backed coalition of banks dedicated to advancing global net zero goals through their financing activities, ESG Today has confirmed.
Investing.com: Xtrackers (IE) plc, the Dublin-registered investment company, has informed shareholders that as of February 3, 2025, the reference indexes for several of its exchange-traded funds (ETFs) will undergo name changes.
ESG News: Qatar issued $2.5B in green bonds in 2024, the first in the region, to fund eco-friendly projects. Qatar Central Bank’s sustainable strategy aims to position Qatar as a key hub for sustainable finance. Qatar targets $75B in ESG-driven investment opportunities by 2030.
ESG Dive: Sustainability officers at large corporations are balancing innovation with heavier compliance responsibilities amid new regulation and reporting requirements, according to a new report from research firm Trellis, formerly GreenBiz.
ETF Trends: Environmental, social and governance (ESG) and sustainable investing have subjected to much criticism and political controversy. Despite those headwinds, these asset allocation styles remain popular with many market participants.
ESG News: Japan Exchange Group (JPX) launched a beta version of the “JPX Sustainability Information Search Tool” for TSE-listed companies. The tool provides access to links on 38 ESG topics from Prime Market-listed company publications.
ESG Dive: The rapid evolution of artificial intelligence is redefining how industries operate, and its influence on sustainability is no exception. AI will be a value play and a key enabler of sustainability, according to PwC’s 2025 AI Business Predictions.
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