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ESG News: Italian energy giant Eni has sold a 20% stake in its retail and renewables arm, Plenitude, to U.S. alternative investment firm Ares Management Corp. for approximately €2 billion ($2.3 billion).
Funds Europe: Tensions between Israel and Iran are sending shockwaves through global markets. Investors are growing more cautious, closely watching oil-driven inflation, shifting safe-haven flows and uncertainty around central bank decisions.
BNN Bloomberg: It’s been a year now since a new law took effect that requires companies to back up their environmental claims, but there’s still a lot of unknowns about how the anti-greenwashing rules will play out.
Funds Europe: EU ESG Ucits funds are projected to top €11 trillion in assets by 2028, accounting for over 80% of total Ucits assets under management (AuM), according to a report from PwC Luxembourg.
ESG News: In a formal letter to Commissioner Jessika Roswall, the European People’s Party (EPP) has called for the complete withdrawal of the EU’s proposed Green Claims Directive (GCD), citing significant concerns over administrative burden, legal coherence, and lack of regulatory justification.
Portfolio Adviser: The Goldman Sachs Emerging Markets Green and Social Bond Active UCITS ETF invests mainly in fixed income across corporate and sovereign issuers in emerging markets, where issuers intend to allocate the proceeds for green or social contributions.
ESG Dive: The world’s largest banks increased fossil fuel financing by $162.5 billion year-over-year in 2024, reversing course on decreasing investments in the sector — a trend they followed for the past two consecutive years — according to the latest Banking on Climate Chaos report just released.
ESG News: The U.S. Securities and Exchange Commission (SEC) has formally withdrawn two proposed rules central to the Biden-era ESG regulatory agenda—one requiring enhanced ESG disclosures from investment advisers, and another revising the shareholder proposal and resubmission process.
CBC: Some corporate leaders say new anti-greenwashing legislation has had the unintended effect of dissuading companies from taking climate action. But environmental organizations and others say that's a cop out.
ESG Today: The Australian Sustainable Finance Institute (ASFI) announced the release of the Australian sustainable finance taxonomy, a new voluntary classification system for categorizing green and transition-focused economic activities, aimed at improving transparency and facilitating capital flows towards Australia’s climate goals.
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