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Funds Europe: The European Central Bank (ECB) is to green its stock of corporate and public sector bond holdings as part of a broader effort to meet Paris objective targets.
Yahoo Finance: Sustainable funding held up in Asia during a rough patch globally last year thanks to strong local demand, and bankers say a pipeline of de-carbonisation projects is likely to keep deals flowing in 2023.
BNN Bloomberg: Asia’s major banks are seeing a widening gap between ESG leaders and laggards, as regulators in the region ramp up scrutiny of sustainable finance, according to WWF-Singapore.
CNBC: ESG has become one of the most polarizing topics for companies and across Wall Street. But billionaire hedge fund manager Paul Tudor Jones says that a lot of the pushback simply comes down to how it is framed by critics.
BNN Bloomberg: Big global banks are eying some of the world’s most fragile countries for a new experiment in financial engineering: debt relief in exchange for environmental protections.
IR Magazine: The majority of large Canadian companies link ESG metrics to executive pay, although most lump ESG issues in with other areas rather than considering them on a stand-alone basis, according to new research from Canadian law firm Fasken.
BNN Bloomberg: The asset management unit of Goldman Sachs Group Inc. has drawn in over $1.6 billion in client cash for a fund registered under the European Union’s toughest ESG rules.
Forbes: On the surface, what could go wrong with socially conscious investing? The so-called environmental, social and governance (ESG) investing craze, which aims to direct capital to companies with the best environmental, social and governance principles, has grown from a 2004 study sponsored by the United Nations to a movement representing $35 trillion in assets under management.
Impact Alpha: ESG – for enterprise operations and investment decision-making that account for environmental, social and governance considerations – took a beating from all sides last year. As ImpactAlpha’s David Bank wrote in our 2023 lookahead, ESG was seen as either “a barely disguised conspiracy to undermine capitalism or toothless box-ticking designed to pump up wealth-management fees.”
Private Equity Wire: ESG continues to sit at the top of the agenda for private market investors and managers. The challenge of putting this data into context is becoming critical for industry participants in order to understand how they compare to their peers and to meet emerging investor and regulator expectations. Linking these metrics to financial performance is also crucial to optimize growth.
