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ESG Newsletter

    HSBC Says Greenwash Risks Have Potential to Impede Market Access

    2023-02-22

    Yahoo: HSBC Holdings Plc is adding “greenwashing” to a list of risks it says have the potential to affect a bank’s access to capital markets.

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    China Mulls Mandatory ESG Disclosures for Domestic Public Firms

    2023-02-22

    BNN Bloomberg: China is planning to make ESG disclosures compulsory as part of efforts to shift to a lower-carbon economy, according to people familiar with the matter.

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    GOP Lawmakers Vilify ESG Moves at BlackRock, Vanguard but Take Their Money Monetheless

    2023-02-22

    CNBC: Republican lawmakers who railed against “woke capitalism” in the 2022 midterm elections have taken tens of thousands of dollars in campaign donations from some of the same Wall Street money managers they have attacked for pushing what the GOP calls “far-left” positions on environmental, social and corporate governance issues.

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    World Bank Touts an ESG Bond It Says Is ‘Immune’ to Greenwashing

    2023-02-22

    Yahoo Finance: The World Bank raised $50 million through a bond structure it describes as unique and free from greenwashing — a growing concern among investors — and said it is lining up more of these deals for later this year.

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    AllianzGI to Begin Voting Against Companies that Don’t Link Exec Pay to ESG Performance

    2023-02-21

    ESG Today: Investment manager Allianz Global Investors (AllianzGI) warned today that it will begin this year to vote against directors of large cap European companies that fail to integrate ESG performance metrics into executive pay policies.

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    Sustainability Matters: RBC's Key Themes for 2023

    2023-02-20

    Environmental Finance: January 2023 marks four years since RBC Capital Markets launched its Sustainable Finance Group. As the team reflects on the tremendous evolution across the sustainable finance market during this time, they review the key themes that could define progress in the year ahead.

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    Bankers Whose Job Title Includes ‘ESG’ Are Dodging Wave of Cuts

    2023-02-17

    BNN Bloomberg: A wave of job cuts that’s swept through the global finance industry hasn’t affected demand for ESG specialists, where hiring growth continued through 2022, according to a study by Barclays Plc.

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    The Global Energy Crisis Pushed Fossil fuel consumption Subsidies to An All-time High in 2022

    2023-02-16

    IEA: Fossil fuel consumption subsidies worldwide soared in 2022, rising above USD 1 trillion for the first time, according to new IEA estimates, as turmoil in energy markets sent fuel prices in international markets well above what was actually paid by many consumers.

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    ESG Activists Met the Moment at ExxonMobil, But Did They Succeed?

    2023-02-16

    Harvard Business School: The impact-investment hedge fund Engine No. 1 made a big splash in May 2021 when it managed to get three nominees elected to the ExxonMobil board of directors. It was an open effort to prod the oil giant toward renewable energy and test whether activist investing could make a difference.

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    Robust ESG Policies Elevate GPs’ Value-add

    2023-02-15

    Private Equity Wire: Strong and effective ESG policies can support GPs’ fundraising efforts by showing they are willing to go above and beyond for their investors and are also in touch with how new developments can impact their investment decisions.

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