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ESG Newsletter

    Almost 20 Percent of Global Private Capital CFOs Have Yet to Begin Integrating ESG into Investment Processes

    2022-02-24

    Private Equity Wire: New research from Intertrust, a specialist in providing administration services to clients in over 30 jurisdictions, has revealed that CFOs continue to fear cost and resource constraints as client demands grow around ESG, citing those factors as the “biggest obstacles” surrounding ESG integration.

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    ESG Litigation Over Social Issues Is Poised to Rise

    2022-02-23

    BNN Bloomberg: Climate-related lawsuits like those filed against energy companies Exxon Mobil Corp., Shell Plc and PG&E Corp. have dominated ESG litigation in recent years. But there are signs an increase in cases extending beyond the environmental pillar of ESG may be coming.

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    There is No Silver Bullet for ESG Standardisation

    2022-02-23

    ETF Stream: The idea of funnelling money into the best corporate actors is simple enough to understand, however, the real challenges come with deciding what ESG best practice looks like and which of tens of thousands of listed companies (and sovereigns) meet these criteria.

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    Blackstone Swears Off Oil-Patch Investing as Private Equity’s Retreat Widens

    2022-02-22

    BNN Bloomberg: After watching big banks curtail lending and asset managers pare bets, fossil fuel producers are now losing access to some of Wall Street’s deepest pockets.

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    UK Think Tank Calls for Regulation of ESG Ratings

    2022-02-22

    IR Magazine: The UK’s International Regulatory Strategy Group (IRSG) is calling for the ESG ratings industry to be regulated, citing concerns around transparency, a lack of consistency in the data and lack of clarity for investors.

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    What One Private Equity Investor Calls ‘Greenwashing,’ Another Calls ESG

    2022-02-17

    Institutional Investor: Greenwashing is often in the eye of the beholder, depending largely on one’s sustainable investing philosophy, according to PitchBook analyst Anikka Villegas.

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    NYS Common Fund Imposes Strict Diversity Rules for Companies in Its Portfolio

    2022-02-16

    Institutional Investor: The New York State Common Retirement Fund is increasing its efforts to incorporate diversity, equity, and inclusion into the proxy voting process. 

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    Canada’s Biggest Bank Faces Shareholder Vote on Climate Standards

    2022-02-16

    Yahoo Finance: Royal Bank of Canada shareholders will vote on whether the bank should tighten its standards for sustainable finance, action inspired by a 2021 pipeline financing deal that was criticized for greenwashing and general concern over lax standards for so-called sustainability-linked debt.

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    Advisers Struggling without ESG Definitions

    2022-02-16

    FT Adviser: There is concern that, in the absence of any regulatory-approved definitions on what should make up an ESG or sustainable fund, the advice profession is feeling the lack of definitions the hardest.

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    For Private Equity - ESG Momentum Is Peaking

    2022-02-16

    CSR Wire: For Private Equity, the momentum behind environmental, social, governance (ESG) focused investing has accelerated rapidly in the last 12 months. Preqin reports that ESG investments now account for more than one-third (36%) of private capital under management with an estimated $3.1 trillion committed.

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