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ESG Newsletter

    Global Sustainable Funds Gain $10.4 Billion in Q3 2024

    2024-10-24

    Funds Europe: The global universe of sustainable open-end and exchange traded funds attracted about $10.4 billion in new money during the third quarter of 2024, marking a $4.1 billion increase from Q2, according to Morningstar Sustainalytics' Global Sustainable Fund Flows report. 

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    Morgan Stanley Signs Multi-Year Carbon Removal Deal with Climeworks

    2024-10-24

    ESG Today: Zurich-based Direct Air Capture (DAC) carbon removal company Climeworks announced today that it has signed an agreement with Morgan Stanley to permanently remove 40,000 tons of CO2 through 2037.

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    Hundreds of ESG Funds Are Being Wound Down, Morningstar Says

    2024-10-24

    BNN Bloomberg: Asset managers in Europe and the US have spent 2024 winding down hundreds of ESG funds, as the investment strategy continues to bump up against regulatory headwinds.

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    AI Adoption for ESG Research Set to Grow

    2024-10-23

    Funds Europe: Investors expect to use artificial intelligence (AI) to address data challenges - but also view it as an ESG risk, according to research that reveals ESG adoption is at an "all time high".

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    Mirova Wins Mandate to Manage New €100 Million Biodiversity Fund

    2024-10-22

    ESG Today: Sustainable investing firm Mirova announced that it has been selected to manage “Objectif biodiversité” a new fund launched by a consortium of French institutional investors, targeting investments in businesses transitioning to sustainable business models and in innovative solutions for biodiversity preservation.

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    WisdomTree ESG Funds With Fossil Fuels Draw SEC Penalty

    2024-10-21

    BNN Bloomberg: Advisory firm WisdomTree Asset Management Inc. agreed to pay $4 million to settle US Securities and Exchange Commission allegations that it failed to deliver on its promise to create exchange-traded funds that avoided investments in fossil fuels or tobacco.

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    UBS Bankers Under Pressure From Lawyers to Rethink ESG Labels

    2024-10-21

    Yahoo Finance: UBS Group AG is asking its bankers to rethink the way they discuss some sustainable products in public following advice from its lawyers, according to people familiar with the matter.

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    ICC Unveils New Principles for Sustainable Trade Finance to Combat Greenwashing

    2024-10-21

    ESG News: The International Chamber of Commerce (ICC) has launched its Principles for Sustainable Trade Finance (PSTF) at Sibos 2024 in Beijing. 

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    ClientEarth Files Greenwashing Complaint Against BlackRock Over ‘Sustainable’ Investment Claims

    2024-10-17

    ESG News: ClientEarth, an environmental law organization, has taken legal action against BlackRock, the world’s largest asset management firm, for alleged greenwashing.

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    Morgan Stanley Investment Management and Opportunity Finance Network Announce Annual Contribution Recipient in Support of Affordable Housing Initiatives

    2024-10-17

    Business Wire: Morgan Stanley Investment Management (“MSIM”) and Opportunity Finance Network (“OFN”) announced the deployment of a portion of the second annual contribution related to MSIM’s money market funds’ Impact Class shares. 

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