
IPE: CFA Institute is looking forward to the next steps on its proposed ESG disclosure standard for investment products following strong support of the organisation’s thinking on critical points, according to its lead on the project has said.
Bloomberg: Asia will need all the help it can get next year from more financing for environmental, social and governance projects, after recently setting some of the world’s most ambitious goals to end carbon emissions. [Full article available to Bloomberg subscribers.]
Bloomberg: For all the talk about ESG, the U.S. is a real laggard. With many U.S. money managers still struggling with the trade-off between generating returns and taking environmental, social and governance factors seriously, European firms have built a seemingly unassailable lead in the booming $40 trillion sustainable finance industry. [Full article available to Bloomberg subscribers.]
Bloomberg: For all the talk about ESG, the U.S. is a real laggard. With many U.S. money managers still struggling with the trade-off between generating returns and taking environmental, social and governance factors seriously, European firms have built a seemingly unassailable lead in the booming $40 trillion sustainable finance industry. [Full article available to Bloomberg subscribers.]
IPE: The manager of Norway’s giant sovereign wealth fund has given its backing to the IFRS’ idea of creating a Sustainability Standards Board (SSB) alongside the International Accounting Standards Board (IASB) it oversees – but only for financially-material information.
The Asset: While environmental, social, and governance (ESG) scores are valuable insights into an investment portfolio’s level of sustainability, the investors, asset managers and index providers who use them have to be careful about relying solely on these data.
The Asset: EU to drive surge with new regulations and issuances, says NN Investment Partners.
Established in 2005, the Washington State Investment Board (‘WSIB’) is responsible for the state’s retirement plan and other public trust funds. As at September 30, 2020, they had USD 152.6 billion of assets under management.
As part of its responsible approach, WSIB integrates environmental, social and governance considerations in its investment decisions and evaluations of investment managers and partners. With regards to Active Ownership, WSIB supports proposals on shareholder rights, board diversity and climate change. Additionally, WSIB engages with portfolio companies on ESG issues through collaborative initiatives, such as the Thirty Percent Coalition and Climate Action 100+.
BNN Bloomberg: In the past week, Macquarie Asset Management, the New York State Common Retirement Fund and a group of 30 fund management companies have come out with statements saying they’re serious about getting the world to net-zero emissions.
Bloomberg: Sales of sustainable and project bonds in Canada are expected to take off next year after companies issued a record amount of corporate debt in 2020 to bolster cash reserves and push out maturities. [Full article available to Bloomberg subscribers.]
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