.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
BNN Bloomberg: One of the world’s biggest hedge-fund associations said Europe may be overstepping its legal authority with a planned intervention in the market for ESG investing.
Bloomberg Law: Former Securities and Exchange Commission heads on Wednesday suggested how the regulator can encourage companies to improve diversity at the board level and throughout their business.
CNBC: The Senate voted to overturn a Labor Department rule that permits fiduciary retirement fund managers to consider climate change, good corporate governance and other factors when making investments on behalf of pension plan participants.
Edie: The British Standards Institution (BSI) has unveiled a new sustainable finance standard to help investors and financial institutions avoid greenwashing by setting credible targets and plans to improve approaches to environmental, social, and corporate governance (ESG) performance.
Funds Europe: The world's largest asset managers are not doing enough to address the most dangerous crises of our time, according to a report by ShareAction.
ESG Clarity: Robeco, BNP Paribas Asset Management, Aviva Investors and Legal & General Investment Management (LGIM) have topped ShareAction’s ranking of asset managers on responsible investment credentials – but no group received the top AAA grade indicating improvements still need to be made.
Financial Standard: Looking at the statement provided to Longo, the committee said: " ... the investigation found that many of the instances of [Chester's] alleged conduct could be wholly or partially substantiated as to the fact that specific things occurred, although in many cases recollections differed about specific conduct and substance and significance."
BNN Bloomberg: European Union efforts to address criticism of its ESG investing rulebook are being challenged by the financial supervisory authority of France.
XM: Britain's financial regulator should rethink its plan to tackle greenwashing because it risks disrupting markets and could damage faith in sustainable investing, the head of an investment managers' industry group said.
ESG Clarity: Failure in progressing the Sustainable Development Goals (SDGs) is becoming a broken record. Every year, more capital is seemingly allocated to achieving them, yet every year we seem to move further from them. But investors are still keen to use the SDGs and more sophisticated approaches are emerging.
