.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
BNN Bloomberg: Citigroup Inc. has cut about five analyst jobs inside a small team dedicated to producing ESG and climate reports, according to people familiar with the development.
ESG Today: The Swiss government announced the launch of a consultation on a series of new proposals to update its sustainability-related disclosure rules for companies, including a requirement for companies to provide plans to align with Switzerland’s net zero by 2050 climate target, and for climate-related reporting to be based on standards such as the ISSB or the EU’s ESRS.
Funds Europe: The global carbon credit market could regain its momentum in 2025, according to MSCI’s data. With the total market value projected to grow from $1.5 billion in 2024 to as much as $35 billion by 2030 and $200 billion by 2050, the report highlighted a potential turning point for this sector if climate commitments are delivered.
BNN Bloomberg: Female representation in the boardroom almost tripled since 2010, with the most gender-diverse companies delivering higher shareholder returns compared to male-dominated boards, according to Bloomberg Intelligence.
US News: Goldman Sachs said it has quit a sector coalition aimed at aligning bank lending and investment activities with global efforts to fight climate change, becoming the most high-profile member to leave the group.
Yahoo Finance: A new "anti-woke" ETF is set to launch in the first quarter of the new year, according to an unveiling from startup asset manager Azoria Partners. The fund will invest in the S&P 500, but will specifically exclude companies that "use racial or gender quotas in hiring, promotions, or pay decisions."
Funds Europe: BNP Paribas Asset Management has launched a Low Carbon Transition Infra Equity Fund targeting €750m from institutional investors such as insurers, pensions funds and corporates.
ESG Today: Four out of five asset managers and owners expect to see increases in their sustainable assets under management (AUM) and allocations over the next two years, according to a new survey released by Morgan Stanley.
ESG Dive: Strive AM was co-founded in 2022 by Vivek Ramaswamy, a one-time candidate for the Republican presidential nomination, with a goal to advocate for an “anti-woke” investing policy.
BNN Bloomberg: The global sustainable bond market clocked its slowest month of the year in November as borrowers dialed back issuance, anticipating volatility because of the US elections.
