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ESG Newsletter

    Vanguard Unveils New ESG ETFs That Exclude Controversial Assets

    2022-08-18

    BNN Bloomberg: Vanguard Group Inc. is expanding its offering of passive ESG funds in Europe, betting its approach of excluding controversial industries will appeal to investors confused by other more complex products touting environmental, social and governance metrics.

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    US Fund Manager Under Fire Over Sponsorship of Climate Sceptics

    2022-08

    360: Federated Hermes, a champion of eco-friendly investment strategies, is coming under increasing pressure to explain its sponsorship of a coalition of senior U.S. officials opposed to climate change.

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    ‘ESG’ Stripped From 23% of EU Sustainable Funds in Fresh Review

    2022-08-18

    BNN Bloomberg: Almost a quarter of funds that claim to “promote” sustainability under European regulations don’t deserve an “ESG” label, according to a fresh review by market researcher Morningstar Inc.

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    Carbon-Tech Draws Record VC Funding as Investors Hunt for Impact

    2022-08-17

    BNN Bloomberg: Buoyed by corporate and government pledges to cut greenhouse gas emissions, a record $1.4 billion poured into climate and carbon-focused startups in the second quarter of this year. That’s in stark contrast to the broader market for venture funding, which faces its largest quarterly percentage drop in nearly a decade, according to CB Insights.

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    Trustees Face Track Record Challenge with ESG Funds

    2022-08-17

    Professional Pensions: Trustees are facing challenges over the lack of long-term performance track records for sustainable funds as well as issues with the availability of such strategies, latest research finds.

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    ‘Hating ESG’: Advocates Are Looking to Replace the Label

    2022-08-17

    BNN Bloomberg: A number of sustainable investing champions say it’s time for the “ESG” label to be shelved and replaced by something less likely to draw attacks from both the political right and left.

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    Short Sellers Target Asos and Boohoo Following CMA Greenwashing Investigation

    2022-08-17

    Hedge Week: Hedge fund short sellers have again been betting against fashion retailers Asos and Boohoo following an investigation into greenwashing at the two companies by the Competition and Markets Authority (CMA), according to a report by Charged.

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    abrdn Launches Sustainability Institute, Americas & Appoints Fionna Ross to Lead

    2022-08-16

    abrdn: Leading global asset manager abrdn is pleased to announce the launch of the abrdn Sustainability Institute, Americas and the appointment of Fionna Ross as Sustainability Investment Specialist & Head of the Sustainability Institute, Americas.

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    MFA Says SEC's Proposed Change to ESG Disclosures Will Render the Term 'Meaningless'

    2022-08-16

    Hedge Week: The Managed Funds Association (MFA), a trade association for the global alternative asset management industry, has submitted a comment letter to the US Securities and Exchange Commission (SEC) in response to its proposed rule to enhance disclosures of ESG investment practices by investment advisers.

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    Investors Hope to Hurt Firearms and Fossil Fuel Companies by Shunning Them — But Research Shows Divesting Has Little Impact

    2022-08-15

    Institutional Investor: Investors who exclude sin stocks from their portfolios, hoping to hurt these companies’ valuations and access to capital, may be disappointed in the actual impact. 

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