.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
MSN/Reuters: A British real estate manager overseeing 26 billion euros ($29.93 billion) in assets and concerned about flood, fire and other climate-related risks to its properties sought help from Climate X, a data analytics firm based in London.
ESG News: The European Commission has introduced sweeping amendments to the Sustainable Finance Disclosure Regulation, seeking to repair what policymakers describe as a framework that has become cumbersome for firms and confusing for investors.
Funds Europe: Nearly nine-in-10 (87%) limited partners (LPs) have declined or reconsidered a fund allocation due to anti-money laundering and Know Your Customer (AML/KYC) concerns, underscoring just how significant compliance has become as a gatekeeping item for fundraising.
ESG News: The European Investment Bank and Societe Generale have agreed to a new cooperation framework aimed at expanding financing for Europe’s fast-growing cleantech manufacturers.
ESG Today: Decarbonization-focused investment firm Galvanize announced that its co-founder, hedge fund billionaire and former presidential candidate Tom Steyer, has taken a formal leave of absence from his role as Co-Chair.
ESG Dive: The change itself does not come with any inherent restrictions on client activities or transactions in the region, but a JPMorgan spokesperson told ESG Dive that each activity and transaction will be considered “on a case-by-case basis, in line with [its] risk appetite and commercial interests.”
ESG Today: Deutsche Bank announced a series of new updates to its sustainability strategy, including expanding its sustainable finance strategy to target opportunities for funding net zero transitions in hard to abate sectors, with the release of a new framework outlining its rules and parameters for transition finance transactions.
ESG Dive: Ceres launched its benchmark analysis in 2023 with the aim of tracking how companies fared on meeting their water sustainability targets. The inaugural report evaluated 72 companies, but the most recent edition assessed 71, as Kellogg was removed from the lineup due to the company’s split and sale.
Yahoo Finance/Reuters: The top U.S. financial regulator changed the grounds on which companies may seek permission to skip votes on shareholder resolutions, a move seen as making it more difficult for activists to force votes on contentious topics such as climate change or workforce diversity.
ESG News: The world’s largest companies have resumed setting value-chain net zero goals after a pause last year, even as political divisions around climate policy deepen. New analysis from Accenture shows that corporate ambition is once again rising across regions, including North America where momentum had stalled.
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