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U.S. News: A group of institutional investors representing $3.5 trillion in assets under management called on pharmaceutical companies to link their executives' pay to making COVID-19 vaccines available around the globe.
CNBC: The European Union has prompted a furious backlash over plans to label nuclear and gas as “green” investments, with Germany describing the proposal as “greenwashing” and Austria repeating its threat to sue the European Commission.
Institutional Asset Manager: M&G Investments has selected Bloomberg Data Management Services (DMS) to host the acquisition and management of its ESG data, enabling seamless integration of the data into the investment process.
Portfolio Advisor: Asset managers signed up to initiatives such as Climate Action 100+ (CA100+) and the Net Zero Asset Managers Initiative (NZAMI) are not using their voting rights to back climate adaptations at listed firms with members opposing a third of environmental resolutions this year, according to research.
Financial Post: It’s official. For the first time since the unveiling of the Paris climate agreement in 2015, banks earned more fees arranging green-related bond sales and loans than they did helping fossil-fuel companies raise money in the debt markets.
BNN Bloomberg: Europe needs to clarify what constitutes a sustainable investment product, as current rules aren’t clear, according to a group of investors, academics and consumers convened to advise on regulations.
Yahoo Finance: The firm’s UK Companies Fund, which manages 152 million pounds ($205 million), will become the Invesco Sustainable UK Companies Fund at the end of the month and add environmental, social and governance factors to its investment decisions, according to a statement on its website.
Institutional Asset Manager: PGIM Real Estate has strengthened its commitment to environmental, social and governance (ESG) investing, with the addition of Julie Townsend as ESG lead for Europe and Asia Pacific, based in London and effective immediately.
U.S. News: Investors concerned about climate change and social justice had a bumper year in 2021, successfully pushing companies and regulators to make changes amid record inflows to funds focused on environmental, social and corporate governance (ESG) issues.
Comptroller: Comptroller Scott M. Stringer and trustees of the New York City Employees’ Retirement System (NYCERS) and the New York City Board of Education Retirement System (BERS) announced the successful divestment of securities related to fossil fuel companies, bringing the total divestment across all funds to an estimated $3 billion.
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