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ESG Newsletter

    Sustainalytics: DEI Rollbacks Have Limited Impact on ESG Risk Ratings but Raise Broader Concerns for Investors

    2025-03-28

    ESG News: Major US corporations, including Meta, McDonald’s, Walmart, Bank of America, and BlackRock, have recently scaled back their diversity, equity, and inclusion (DEI) initiatives. However, these changes may have limited direct effects on ESG Risk Ratings, according to Morningstar Sustainalytics.

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    SEC Votes to End Defense of Climate Disclosure Rules

    2025-03-27

    U.S. Securities and Exchange Commission: The Securities and Exchange Commission voted to end its defense of the rules requiring disclosure of climate-related risks and greenhouse gas emissions.

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    UK Launches World-First Nature Finance Standard to Guide Green Investment

    2025-03-27

    ESG News: The British Standards Institution (BSI) has introduced groundbreaking government-backed standards, the Overarching Principles Standard (BSI Flex 701), to boost investment in nature-friendly projects across the UK.

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    JLL Acquires Renewable Energy Banking Firm Javelin Capital

    2025-03-26

    ESG Dive: JLL, a Fortune 500 real estate and investment management company, has previously executed more than 150 deals and has participated in transactions worth $20 billion in Europe and Asia’s energy and infrastructure capital markets, according to the release.

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    Fidelity International Raises Over $330 Million for Climate-Focused Real Estate Fund

    2025-03-25

    ESG Today: Investment management firm Fidelity International announced that it has raised €110 million (USD$119 million) for the Fidelity Real Estate Logistics Impact Climate Solutions (LOGICs) fund, dedicated to energy transition in the real estate sector, adding to the €200 million raised during its first close in March 2024.

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    Nordea AM Reviews Fund Names Following New ESMA Sustainability Rules

    2025-03-25

    Portfolio Adviser: Nordea Asset Management (NAM) has reviewed the names of its sustainable funds in line with new guidelines from the European Securities and Markets Authority (ESMA). The group has added or kept ‘Sustainable’ in the names of 17 Nordea 1 SICAV funds following the review.

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    84% of Companies Keeping or Accelerating Climate Targets: PwC

    2025-03-25

    ESG Today: The vast majority of public companies are either retaining or ramping up their climate commitments, with companies found to be more than twice as likely to be increasing their emissions reduction goals than decelerating them, according to a new study released by professional services firm PwC.

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    Morgan Stanley Says Defense Could Get $119 Billion ESG Boost

    2025-03-24

    MSN: ESG funds in Europe could substantially increase their allocations to the defense industry should existing restrictions be fully removed, according to analysts at Morgan Stanley.

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    JPMorgan Rebrands DEI, Leaves Net-Zero Asset Managers Initiative

    2025-03-24

    ESG Dive: JPMorgan Chase announced changes to its internal practices on diversity, equity and inclusion and its external memberships in climate-related organizations last week, ESG Dive confirmed.

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    BlackRock, Vanguard, State Street Seek Dismissal of Red States’ Coal Antitrust Suit

    2025-03-21

    Yahoo Finance: The lawsuit alleging the three asset managers had conspired to “artificially constrict” the U.S. coal market was first filed in November, claiming the asset managers had made “substantial” investments in public coal companies to get them to drive down their output. 

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    Defence Firms Held Back By UK Ethical Banking Standards, Industry Says

    2025-03-20

    Sky News: The defence industry has long complained that environment, sustainability and governance (ESG) standards, intended to guide business impact on society, have prevented small and medium-sized companies (SMEs) raising finance.

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    Fund Bosses Are Piling Into Defense Bets Once Deemed ‘Laughable’

    2025-03-19

    Yahoo Finance: ESG fund bosses battered by years of miserable returns are rapidly redefining their mandates to make room for highly lucrative defense bets.

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    BlackRock Enhances Sustainability Characteristics of $92 Billion of Funds Ahead of ESMA ESG Fund Naming Rules

    2025-03-19

    ESG Today: Investment giant BlackRock announced a series of changes to its sustainable fund lineup ahead of the implementation of new fund naming guidelines by EU markets regulator the European Securities and Markets Authority (ESMA), according to a letter to BlackRock clients seen by ESG Today.

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    Sustainability as Strategy: Why Smart Companies Keep ESG Policies Despite Political Headwinds

    2025-03-18

    ESG Dive: Only a few months into the new administration, the United States is already seeing sweeping changes in the regulatory environment and the future of several climate and social initiatives is tenuous. 

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    Australia Court Fines Active Super A$10.5 Million for Greenwashing ESG Investing Claims

    2025-03-18

    ESG Today: A federal court in Australia imposed a A$10.5 million (USD$6.7 million) penalty on superannuation fund Active Super trustee LGSS, after finding that the firm had engaged in greenwashing by continuing to invest in securities in areas that it had claimed to eliminate for environmental or social reasons.

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    SEC Pushes Back Names Rule Compliance Dates

    2025-03-18

    ESG Dive: When the SEC initially adopted the updated Names Rule in 2023, the largest funds previously had until Dec. 11, 2025 to comply, with smaller funds due to comply six months after.

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    UBS Purges DEI From Annual Report Amid Trump’s Backlash

    2025-03-17

    Advisor Hub: UBS Group AG’s annual report no longer refers to a key sustainability term that has come under attack from the Trump administration, indicating how the backlash is impacting European firms.

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    Copenhagen Infrastructure Partners Raises Record €12 Billion for Energy Transition Infrastructure Fund

    2025-03-17

    ESG News: Copenhagen Infrastructure Partners (CIP) has raised over €12 billion ($13.1 billion) for its fifth flagship fund, CI V, significantly exceeding its original fundraising goals.

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    US Banks Turn to SEC to Dodge Climate, Social Shareholder Proposals

    2024-03-14

    ESG Dive: Major U.S. banks who looked to the Securities and Exchange Commission to allow for excluding shareholder proposals with requests to disclose banks’ climate change planning and exposures were turned down by the agency. 

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    FCA and PRA Axe Plans to Impose Stricter DEI Rules for Financial Services

    2024-03-13

    Portfolio Adviser: The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have abandoned plans to impose stricter rules for diversity, equity and inclusion (DEI) in the financial services sector to “avoid duplication and unnecessary costs”.

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    JP Morgan Boss Attacks ‘Incompetent’ Advisers That Pushed Diversity Agenda

    2024-03-13

    Yahoo Finance: The chief executive of JP Morgan has branded two of the world’s top shareholder proxy advisers “incompetent” amid a growing backlash over their support for diversity policies.

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    Women Unlikely to Reach Parity With Men For 134 Years: JPMorgan

    2024-03-13

    CFO Dive: Women worldwide are far from attaining equal status in the C-suite, holding only about 10% of the most powerful roles such as CEO, CFO and COO, JPMorgan Chase said.

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    BNP Paribas AM Establishes €800 Million Venture and Impact Platform

    2024-03-12

    ESG Today: BNP Paribas Asset Management (BNPP AM) announced the creation of a new entity, the Venture and Impact platform, within its Private Assets division.

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    US Denounces UN’s Sustainable Development Goals, Quits Climate Damage Fund

    2024-03-11

    ESG Dive: The nation’s new stance on the SDGs surfaced during remarks made by Edward Heartney, a minister-counselor at the U.S. mission to the UN, on a resolution to create an “International Day of Peaceful Coexistence.”

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    Half of Execs Report Higher Sales, Lower Costs from Sustainability Initiatives: Survey

    2024-03-11

    ESG Today: Business leaders are seeing a wide range of value creation benefits from their companies’ sustainability activities, with more than 60% reporting improved employee attraction and retention, and half citing higher sales and lower costs.

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    Morningstar Highlights ‘Industry’s Most Exceptional Women Portfolio Managers’

    2024-03-11

    Institutional Investor: Only 12 percent of portfolio managers globally are women and even the highest performing among them struggle to raise capital.

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    Majority of UK Business Leaders Lack Carbon Credit Knowledge

    2024-03-10

    Funds Europe: Nearly 60% of senior UK decision-makers don’t fully understand carbon credits, despite their growing role in corporate net zero strategies, according to an Octopus Investments report.

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    US Exits Climate Finance Initiative Aimed At Helping Developing Nations Quit Coal

    2025-03-07

    Yahoo Finance: The United States has withdrawn from a climate coalition that pledged billions of dollars to help certain developing countries transition from coal to clean energy sources. The move marks the latest walk back from a climate deal since Donald Trump returned to the White House.

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    Gender Diversity Improves in UK Private Equity and VC

    2025-03-07

    Funds Europe: Women’s representation in UK private equity (PE) and venture capital continues to rise in 2025, with 27% of investment professionals now female, up from 24% in 2023, according to a report by Level 20 and the British Private Equity and Venture Capital Association (BVCA).

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    State Street Ditches Board Diversity Requirement, Completes Big Three DEI Retreat

    2025-03-06

    ESG Dive: State Street Global Advisors has dropped a requirement for company board nomination slates to feature a certain percentage of women directors from its 2025 global proxy voting and engagement policy, per reports.

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    US Anger Grows Over Global Reach of EU’s ‘Hostile’ ESG Rules

    2025-03-06

    Yahoo Finance: As trans-Atlantic relations grow increasingly fraught, Europe’s ESG regulations are becoming yet another flashpoint that threatens to sour ties.

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    Over 40% of Senior Executives Prioritizing ESG in Career Decisions: Survey

    2025-03-05

    ESG Today: More than 40% of senior executives report that they prioritize ESG factors when applying for jobs, well ahead of their more junior peers, and many see a rising role for sustainability in talent attraction over the longer term, according to a new survey released by Economist Impact.

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    M&G to Adopt “Sustainability Improvers” Label for Climate-Focused Fund Range

    2025-03-05

    ESG Today: International investment manager M&G Investments announced that it will adopt the new “Sustainability Improvers” label introduced by the UK Financial Conduct Authority (FCA)’s Sustainability Disclosure Requirements (SDR) for its Sustain Paris Aligned range of climate mitigation-focused investment funds.

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    Europe’s Demand for Digital Sustainability Solutions on the Rise

    2025-03-04

    Yahoo Finance: Despite economic uncertainty and cost pressures, Europe’s demand for digital solutions that improve sustainability and governance continues to grow, according to a new research report published by Information Services Group.

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    Standard Chartered to Engage with all Priority Clients in High-Emitting Sectors Over Next 12 Months

    2025-03-04

    ESG Today: International banking group Standard Chartered announced the release of its inaugural Transition Plan, outlining its detailed plan to achieve its climate goals, including its target to reach net zero emissions across its financing activities by 2050.

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    92% of CFOs Plan to Boost Sustainability Spending

    2025-03-03

    ESG Dive: While debates around climate change are only getting hotter in 2025, chief financial officers surveyed in December appeared to be holding firm to their commitment to sustainability.

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    Blackstone Raises $5.6 Billion for Energy Transition-focused Private Equity Fund

    2025-02-28

    ESG Today: Alternative asset manager Blackstone announced that it has raised $5.6 billion for its energy transition-focused private equity fund, Blackstone Energy Transition Partners IV, closing the fund at its hard cap.

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    Wells Fargo Drops Financed Emissions Target Amid ESG Rethink

    2025-02-28

    MSN: Wells Fargo is scrapping its goal of achieving net-zero emissions across its financed portfolio by 2050 as banks rethink their sustainable lending activities.

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    Standard Chartered Sets 2050 Net Zero Goal with $300 Billion Sustainable Finance Plan

    2025-02-27

    ESG News: Standard Chartered has released its detailed Transition Plan, showcasing how the bank will integrate climate considerations into all aspects of its operations, aiming for Net Zero across financing activities by 2050 and operations by 2025.

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    Anti-ESG Groups Intensify Activism Early in 2025 Proxy Season

    2025-02-26

    CFO Dive: Groups opposed to environmental, social and governance initiatives at U.S. companies have stepped up their activism early in the 2025 proxy season, submitting 20% of all shareholder proposals, a 5 percentage point increase compared with the same period last year, the Conference Board said.

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    More Fiduciaries Fight Back Against ‘Politically Motivated’ Anti-ESG Movement

    2025-02-26

    Institutional Investor: Donald Trump’s re-election in November boosted anti-environmental, social, and governance efforts, prompting 11 Republican state attorneys general to sue BlackRock, State Street, and Vanguard in December for allegedly pushing ESG investment options at the expense of the energy industry.

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    EU Launches €100 Billion Clean Industrial Deal for Decarbonization and Clean Tech Growth

    2025-02-26

    ESG News: The European Commission has launched the Green Industrial Deal, a sweeping business plan aimed at reinforcing industrial competitiveness, reducing emissions and securing Europe's clean energy future. 

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    FTSE 350 Surpasses Gender Target With Women in 43% of Board Positions

    2025-02-25

    Portfolio Adviser: Companies in the FTSE 350 index hit their target of having women occupy 40% of leadership positions a year early, with women now filling 43% of company board positions, according to the latest FTSE Women Leaders Review.

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    Asset Owners Demand Greater Transparency on ESG Amid Increased Scrutiny: Cerulli

    2025-02-25

    ESG Dive: Investors and asset owners are increasingly asking asset managers to offer more detailed reports on ESG-related activities, according to a recent report from research firm Cerulli Associates.

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    Anti-ESG Concerns Dog Vanguard as it Rounds up Fund Board Votes

    2025-02-25

    Yahoo Finance: A group of Republican U.S. state treasurers will withhold votes for Vanguard fund board nominees on concerns the slate is "tone-deaf" on sustainability matters, presenting a political hurdle for the top mutual fund manager as it looks to build turnout for a rare fund trustee election.

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