.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
Yahoo Finance: U.S. government support for a "baseless" case alleging asset managers conspired to reduce competition in the coal sector risks undermining its goal of energy independence, BlackRock said.
Portfolio Adviser: Asset managers are paving the way for fossil fuel expansion, environmental degradation and the proliferation of dangerous arms, including nuclear weapons, according to the latest research from ShareAction.
ESG Today: Global private capital investment firm Carlyle announced the launch of Revera Energy, a new platform that will invest in and develop sustainable and clean energy infrastructure solutions in Australia and the UK.
ESG News: JPMorganChase has signed a carbon dioxide removal (CDR) offtake agreement with CO280, marking a major investment in scalable, low-cost engineered carbon removal from the U.S. pulp and paper industry.
ESG Today: French President Emmanuel Macron called for the elimination of the EU’s Corporate Sustainability Due Diligence Directive (CSDDD), joining a call by German Chancellor Friedrich Merz to scrap the new law requiring companies to address their negative impacts on human rights and the environment across their value chains.
Tech Funding News: The EU’s recent Omnibus package aims to streamline requirements for the Corporate Sustainability Reporting Directive (CSRD) and related frameworks amid green policy uncertainty.
ETF Stream: BNP Paribas Asset Management has unveiled its first equally weighted ETF in the form of an MSCI World strategy incorporating ESG exclusions.
ESG News: Blackstone Infrastructure has announced it will acquire TXNM Energy for $61.25 per share in cash, valuing the company at $11.5 billion, including net debt and preferred stock.
Funds Europe: Traditional methods of estimating corporate carbon emissions are dramatically underperforming when it comes to Scope 3 emissions, according to a study by UK-based climate intelligence firm Carbon Responsible.
Portfolio Adviser: Parmenion Investment Management has added five funds to its ESG portfolios. Among the changes, Parmenion has added the Schroder Global Sustainable Value fund to its Sustainable Growth product, while Sparinvest Ethical Global Value has been initiated into the firm’s Ethical Growth solution.
ESG News: AXA Investment Managers (AXA IM) has taken a pioneering step in the fixed income space by adopting the UK’s Sustainability Disclosure Requirements (SDR) ‘Sustainability Improver’ labels for two of its carbon transition strategies.
Portfolio Adviser: Federated Hermes has closed two funds within its sustainable fund line-up due to poor performance, while portfolio manager Ingrid Kukuljan has left the firm.
ESG Today: Sustainable infrastructure investor Actis announced that it has raised $1.7 billion of commitments at the completion of fundraising for its second Actis Long Life Infrastructure Fund (ALLIF2), targeting investments in assets in areas including clean energy, grids and digital infrastructure.
ESG Dive: Most employers intend to maintain diversity, equity and inclusion programs with either few or no changes even as the Trump administration pursues efforts to end private-sector DEI, according to the results of law firm Littler Mendelson’s latest annual employer survey published May 7.
Insurance Journal: Global banking regulators agreed to intensify efforts to better understand the financial risks posed by climate change amid pushback from the United States.
Funds Europe: Sustainability-focused funds in Europe have surpassed €6 trillion in assets, according to law firm Maples Group’s Sustainable Finance Disclosure Regulation (SFDR) impact analysis, revealing a 24% rise in such funds across Ireland and Luxembourg in 2024.
ESG News: German Chancellor Friedrich Merz has publicly urged the European Union to cancel its Corporate Sustainability Due Diligence Directive (CSDDD), signaling a potential reversal in Europe’s approach to ESG regulation.
ESG Today: The European Central Bank (ECB) released a new opinion on the European Commission’s proposals to simplify and reduce sustainability reporting and due diligence requirements for companies.
Associated Press: A coalition of 15 states is suing over President Donald Trump’s efforts to fast-track energy-related projects, saying the administration is bypassing environmental protection laws and threatening endangered species, critical habitat and cultural resources.
Global Banking and Finance Review: A political push to pare back EU sustainability regulations must not mean losing information on material risks or force investors to rely more heavily on third-party data providers, Europe's main asset management trade group said.
ESG Dive: As artificial intelligence adoption has increased over the past few years, companies have increasingly turned to the technology to aid their sustainability and ESG goals.
Yahoo Finance: JP Morgan has bolstered its green finance and advisory offering in Europe with a new division head to support clients across renewable energy and green technology.
ESG Today: India’s Ministry of Finance announced the release of a draft framework for its Climate Finance Taxonomy, its classification system for identifying sustainable economic activities aligned with its climate goals, aimed at enabling the facilitation of major capital flows required to support the net zero transition, while preventing greenwashing.
ESG News: Euronext’s announcement includes tailored financing tools, new bond listing efficiencies, and a revamped approach to ESG indices. This initiative comes amid growing pressure from EU leadership to scale up defence readiness and reduce dependence on U.S. arms.
BNN Bloomberg: Royal Bank of Canada’s decision to drop its sustainable finance commitment has sparked speculation that other major Canadian players could quietly walk away from their own goals on climate-related lending, underwriting and advisory work.
ESG Today: State Street Global Advisors (SSGA), one of the world’s largest investment managers, announced the launch of its new Sustainability Stewardship Service, offering institutional clients with the ability to follow a sustainability-focused engagement and proxy voting framework.
Banking Dive: The British bank appointed Julian Wentzel — who has worked at HSBC for almost a decade — as its new chief sustainability officer in February.
ESG Today: EU markets regulator the European Securities and Markets Authority (ESMA) announced the publication of its draft Regulatory Technical Standards (RTS) under the EU’s ESG Rating Regulation, setting out its proposed rules for ESG ratings providers.
ESG News: The Bank of England has issued new proposals to reinforce its climate-related supervisory expectations for banks and insurers, citing patchy progress and immature risk frameworks since its 2019 guidance.
Yahoo Finance: While the first 100 days of the Trump administration were rough on equity ETFs, among those taking the biggest hits were ESG exchange-traded funds.
ESG Dive: The court order directs the DOL to “inform this court within 30 days from the date of this order what specific actions the Department will take, if any, as a result of its reconsideration of the challenged rule — either to maintain the rule or to rescind it.”
ESG News: Investor appetite for sustainable investments remains robust, according to Morgan Stanley’s latest Sustainable Signals report.
ESG Today: Royal Bank of Canada (RBC) announced that it has decided to drop its target to mobilize $500 billion in sustainable finance, and has held off on providing some climate finance-related disclosures, following changes to greenwashing regulations in Canada.
PR Newswire: As corporate sustainability efforts and reporting become more complex and scrutinized, large US companies are adapting their communications.
Institutional Investor: A perfect storm of geopolitical challenges and an intensifying ESG backlash has led investors to pull a record amount from global sustainable funds in the first quarter.
Yahoo Finance: Private equity firms are scouring for investment opportunities in European defense, chasing the once shunned sector in an effort to benefit from a historic switch to military expansion in the region.
Castle Hall helps investors build comprehensive due diligence programs across hedge fund, private equity and long only portfolios More →
Montreal
1080 Côte du Beaver Hall, Suite 904
Montreal, QC
Canada, H2Z 1S8
+1-450-465-8880
Halifax
168 Hobsons Lake Drive Suite 301
Beechville, NS
Canada, B3S 0G4
Tel: +1 902 429 8880
Manila
10th Floor, Two Ecom Center
Mall of Asia Complex
Harbor Dr, Pasay, 1300 Metro Manila
Philippines
Sydney
Level 15 Grosvenor Place
225 George Street, Sydney NSW 2000
Australia
Tel: +61 (2) 8823 3370
Abu Dhabi
Floor No. 15 Al Sarab Tower,
Adgm Square,
Al Maryah Island, Abu Dhabi, UAE
Tel: +971 (2) 694 8510
Copyright © 2021 Entreprise Castle Hall Alternatives, Inc. All Rights Reserved.
Terms of Service and Privacy Policy