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