ESG News: The Green Climate Fund (GCF) Board has approved a historic $1.225 billion in funding at its 42nd meeting, marking the largest amount ever allocated during a single session.
Funds Europe: Private markets investment firm Hamilton Lane has launched the “first” Asia-focused private markets evergreen fund offering institutional investors a gateway into the region’s private equity market.
ESG Today: UBS announced that the SDG Outcomes Fund, developed by its philanthropy-focused platform UBS Optimus Foundation and impact specialist Bridges Outcomes Partnerships (BOP) has raised $100 million in commitments at its final close, reaching the initial fundraising target for the blended finance fund.
ESG News: Regional perceptions are evolving. North American and European companies showed the largest increase in viewing sustainability as a value driver—up 9 and 10 points respectively. Meanwhile, APAC companies reported a shift toward risk management.
City AM: In May 2022, HSBC’s head of responsible investing, Stuart Kirk, took to the stage at a City conference and did something extraordinary; he criticised the financial services industry’s obsession with climate change.
ESG Today: Insurance and investment group Allianz’s commercial insurance unit, Allianz Commercial, announced the launch of Climate Adaptation & Resilience Services (CAReS), a new platform aimed at enabling companies to identify and mitigate climate risk exposures facing their businesses.
ESG News: Europe’s financial supervisory bodies have unveiled draft guidelines to embed ESG risks into the mandatory stress tests for banks and insurers across the European Union.
ESG Dive: Rep. Rick Allen, R-Ga., first introduced the bill in April, and the committee said in a June 25 press release after its passage that the legislation “seeks to ensure financial institutions are focused on maximizing returns in retirement plans rather than on woke ESG factors.”
The Guardian: Pension funds and institutional investors made a “huge mistake” and exaggerated their role in environmental, social and government (ESG) issues to promote their products, the outgoing chair of Aberdeen Group, Douglas Flint, has said.
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