.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
Yahoo Finance: HSBC’s new net-zero strategy comes in a year where — in addition to delaying its net-zero goal — the company has shifted leadership of its sustainability program and departed the United Nations-aligned Net-Zero Banking Alliance, which has since ceased its membership-based model.
MSN/Reuters: The European Central Bank fined Spanish lender ABANCA Corporación Bancaria for failing to comply with its decision on climate-related and environmental risks, it said.
Funds Europe: Global assets in open-end funds and ETFs with a climate-related mandate reached a record high of $644 billion in June 2025, up 8.5% from the end of last year, according to Morningstar’s data.
Portfolio Adviser: A leaked draft of the European Commission proposals for SFDR 2.0 has revealed plans to remove Article 8 and 9 labels in favour of three product categories.
ESG Today: The Science Based Targets initiative (SBTi) announced the release of its updated draft Corporate Net-Zero Standard V2, its planned update to its key standard to assess, certify and track companies’ decarbonization commitments to achieve net zero emissions and to support science-based climate target setting.
ESG News: The Science Based Targets initiative (SBTi) has released the second draft of its Corporate Net-Zero Standard Version 2, opening a new round of consultation to refine the global benchmark for corporate climate action.
Financial Post: Money managers that retreat from sustainable investment pledges are increasingly being turned away when they pitch themselves to major asset owners in Europe, according to the chief executive of Federated Hermes Inc.
MSN/Reuters: HSBC issued a set of new, softer near-term climate targets for sectors such as oil and gas in response to the slow pace of change in the real economy.
Financial Post: The hedge fund industry is lobbying hard to ensure the UK excludes it from new climate regulations, after prevailing in a similar campaign in the European Union.
ESG News: New York-based Apollo Funds will invest $6.5 billion for a 50% stake in Ørsted’s Hornsea 3, the world’s largest offshore wind project currently under development in the North Sea.
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