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ESG News: Blackstone will invest over $25 billion to expand Pennsylvania’s digital and energy infrastructure, a move expected to catalyze an additional $60 billion in private investment across the Commonwealth.
Funds Europe: Eighty-five percent of limited partners (LPs) say poor fund administration has negatively impacted future allocation decisions. This isn’t a marginal concern, it’s a strategic inflection point.
Yahoo Finance: RepRisk uses entirely third-party data to evaluate a company’s “material ESG risks” by screening more than 150,000 sources — from new media, social media, research firms, NGOs, and others — in 23 languages daily, according to its website.
ETF Stream: Vanguard is set to close its US dollar-denominated ESG corporate bond ETF after it failed to gather the “anticipated level of assets under management” (AUM).
Portfolio Adviser: Redwheel has confirmed its decision to close its Global Climate Engagement fund due to a lack of investor demand. The product was brought to market in 2024 under the management of John Teahan, and currently has $0.8m in assets under management (AUM), according to the group.
ESG News: European Ombudsman Teresa Anjinho has formally asked the European Commission to explain why it bypassed key procedural steps in preparing its Omnibus I proposal to scale back sustainability rules for businesses.
ESG Today: Banks in the EU have made “significant strides” in addressing and managing climate and nature-related risks, according to European Central Bank (ECB) Executive Board Member and Supervisory Board Vice-Chair Frank Elderson, with major increases in advanced practices in place to identify, monitor these risks made by banks in just the past few years.
ESG Dive: EcoVadis said the “greenhushing” occurring alongside increased investments shows many companies “see it as a behind-the-scenes lever for long-term growth.” More than 6-in-10 respondents (65%) reported viewing supply chain sustainability as a “competitive advantage,” according to the survey.
ESG Today: The UK government announced that it has decided not to proceed with its plans to develop and implement a UK Green Taxonomy, its proposed classification system for categorizing climate and environmentally sustainable economic activities, and one of the key parts of its sustainable finance framework.
ESG News: Chancellor Rachel Reeves will direct UK financial regulators to address obstacles hindering businesses from cutting carbon emissions, as part of a broader push to accelerate green economic growth.
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