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Wealth Professional: In a scathing new whitepaper from the Fraser Institute, Bryce Tingle, N. Murray Edwards chair in Business Law at the University of Calgary puts ESG ratings on notice, warning that the metrics driving trillions in investment decisions are deeply flawed and could land fund managers in court.
Funds Europe: The UK’s defence and national security sectors are set for expansion, with investment in European defence, security and resilience startups reaching an all-time high of $5.2 billion in 2024.
ESG News: A new Forest 500 report by nonprofit Global Canopy reveals that in 2024, the 150 financial institutions with the greatest exposure to deforestation risk collectively financed US$8.9 trillion to companies in the so-called “deforestation economy.”
The Guardian: Aviva’s chief executive, Amanda Blanc, has reiterated the insurer’s commitment to climate goals in the face of growing pushback against net zero ambitions in the US and UK.
Private Equity Wire: Kelvion – formerly the heat exchanger division of GEA Group – serves data centres, industrial processes, carbon capture projects and hydrogen production. Demand for its products is being fuelled by global investment in artificial intelligence infrastructure and the energy transition.
ShareAction: New research by ShareAction, the organisation campaigning for responsible investment, shows several of the world’s largest real estate investment managers are failing to take even basic steps to tackle climate change, leaving investors exposed to financial risks and critical emissions unchecked in a key sector for the transition to net zero.
ESG Today: Investment manager Nuveen announced that it has raised $1.3 billion in capital commitments at the first close of Energy & Power Infrastructure Credit Fund II (EPIC II), reaching more than half of its $2.5 billion target for the infrastructure-focused private credit strategy.
Yahoo Finance/Reuters: Norway's $2 trillion sovereign wealth fund, the world's largest, said it expects to divest from more Israeli companies. It's part of its ongoing review of investments in the country over the situation in Gaza and the West Bank.
ESG Dive: Companies have been rolling back their DEI programs since the Supreme Court’s 2023 decision outlawing affirmative action in higher education. After President Donald Trump’s reelection, McDonald’s, Meta, a few banks and others preemptively adjusted policies in anticipation of backlash.
ESG Today: The proportion of employees who believe that their employers are doing enough to address climate change and sustainability has dropped to around 38% over the past few years.
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