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ESG Newsletter

    Fund Bosses Start Turning Backs on ESG Indexes After Downgrades

    2023-02-07

    BNN Bloomberg: Investment managers are cooling to indexes that were once viewed as a safe ticket to the highest ESG fund designation. Climate-transition and Paris-aligned benchmarks, intended by the European Union to help fund managers track some of the world’s cleanest assets, have had a bad run in recent months.

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    Japan Leads Governance of ESG Data and Ratings Sector but Pliant Rules a Letdown

    2023-02-06

    IEEFA.Org: Japanese regulators finalized the code of conduct for providers of environmental, social and governance (ESG) data and evaluation. The code is designed for voluntary adoption on a “comply or explain” basis.

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    BlackRock US ESG Flows Fall on Tech Rout, Anti-Green Backlash

    2023-02-06

    BNN Bloomberg: Cash flows into US sustainable funds plummeted last year as the broader market took a beating and anti-ESG crusaders targeted money managers including BlackRock Inc. for “woke capitalism.” 

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    Asset Owner Alliance Falters in Net Zero Public Disclosures

    2023-01-30

    Funds Europe: Questionable decarbonisation reporting by the UN-convened alliance of institutional investors committed to net-zero emissions could thwart efforts to reverse global warming, it is claimed.

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    ESMA Approves of Proposed Sustainability Disclosures

    2023-01-30

    Funds Europe: The European Securities and Markets Authority (Esma) has backed the first set of draft European Sustainability Reporting Standards (ESRS Set 1), stating the regulations, which are meant to increase the quality of information in sustainable investing, are “broadly capable” of meeting investor protection, stability and sustainability objectives.

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    AE Industrial Partners Strengthens ESG Team with the Promotion of Jennifer Essigs to Head of ESG

    2023-01-30

    PR Newswire: AE Industrial Partners, LP ("AEI" or the "Firm"), a U.S-based private equity firm specializing in aerospace, defense and government services, space, power and utility services, and specialty industrial markets, announced that Jennifer Essigs has been promoted to Head of ESG, in charge of spearheading the Firm's increased commitment to supporting ESG initiatives at both the Firm and its portfolio companies.

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    UK Accounting Watchdog Tightens Scrutiny of ESG in Company Audits

    2023-01-30

    Nasdaq: Britain's accounting watchdog said it will monitor whether auditors were making spot checks on their compliance with environmental, social and governance (ESG) reporting requirements in company audits.

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    ESG Fund Downgrade Accelerates

    2023-02-02

    Morningstar: There were more dramatic changes in the way ESG funds were classified last year, and the final quarter of 2022 saw the biggest downgrade of the strictest sustainable funds since new disclosure rules came into place in 2021.

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    Republicans Launch Group to Combat ‘Threat’ Posed by ESG Investing

    2023-02-03

    The Hill: House Republicans are creating a new working group to further their pushback against environmental, social and governance investing, known as ESG. A press release from the House Financial Services Committee announcing the group said it will be aimed at combating what they described as a “threat to our capital markets.”

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    Investors Want More Information From Companies About ESG Issues

    2023-02-02

    PR Newswire: More than 80% of U.S. investors say that companies need to more openly communicate the risks and opportunities that shape their standing as "responsible investments" – and 73% also say they are more likely to invest in a company that shares with investors its plans for effectively managing those factors.

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