Business Times: The chief executive officer of Standard Chartered, Bill Winters, has some strong words for banks that have recently walked back their commitment to achieving net zero emissions. “Shame on them,” he said during a call with journalists after StanChart released its second-quarter results.
ESG Today: UK-based bank Barclays published a new sustainability-focused presentation for investors, revealing that revealed that it earned approximately £500 million (USD$660 million) in revenues from sustainable and transition finance activities in 2024, and indicating that its sustainable and transition finance volumes have accelerated over the past few months.
Portfolio Adviser: AXA Investment Managers has adopted the Sustainability Impact label for its Green Short Duration Bond fund. Under the FCA’s Sustainability Disclosure Requirements (SDR) framework, the fund has been approved for the impact label, the sixth fund in AXA’s range to do so.
Financial Advisor Magazine: The top financial officers from 21 states have given 18 Wall Street giants—including BlackRock and JPMorgan—until September 1 to ensure their investment strategies follow “a fiduciary model" that's free of ESG investing or risk losing billions in state pension business.
ESG Dive: Since President Donald Trump was reelected last fall, 20% of companies have scrapped their diversity, equity and inclusion programs, according to a July 23 Resume.org report.
ESG News: Global investment firm KKR has announced a A$500 million (US $335 million) strategic investment in CleanPeak Energy, marking the launch of a new distributed energy platform in Australia and KKR’s first Asia-Pacific deal under its Global Climate Transition strategy.
Funds Europe: The universe of Impact Private Debt has expanded considerably in recent years, driven by rising demand from institutional investors seeking to align capital with environmental and social objectives.
Portfolio Adviser: Fidelity International has launched an ESG-screened global equity index fund, seeded with £320m from discretionary fund manager ebi.
ESG Today: Australia-based global financial services group Macquarie announced an agreement to acquire Ireland-based renewable energy asset optimization company Erova Energy, citing opportunities to scale its platform to new markets.
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