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ESG Newsletter

    Hedge Funds Pile Into Banks, Dump Green Energy Post US Election, Goldman Sachs Says

    2024-11-11

    US News: Hedge funds snapped up bank stocks at the quickest clip in three years while taking bets against renewable electricity producers last week, a Goldman Sachs note showed, as investors reacted to Donald Trump's win in the U.S. presidential election.

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    Ninety One to Adopt SDR Label for Environment Fund

    2024-11-11

    Funds Europe: Investment manager Ninety One’s Global Environment Fund will adopt the new ‘Sustainability Impact’ label under the UK’s financial regulator—the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) regime—effective December 1, 2024.

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    Companies Boost Social and Climate Reporting Amid ESG Backlash

    2024-11-01

    MSN/Reuters: Many U.S. companies have stepped up reporting on environmental and social matters in recent years even with sustained pressure from conservative politicians, data reviewed by Reuters shows.

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    HSBC Drops CSO From Exec Board, Insists it’s Not Gearing up to Split

    2024-10-31

    ESG Dive: HSBC CEO Georges Elhedery on Tuesday answered the question that had burned at analysts over the week since the bank announced a pending reorganization.

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    Morgan Stanley Adjusts Climate Targets With Paris Agreement Goal Slipping

    2024-10-30

    Yahoo Finance: Morgan Stanley’s update also adjusted existing 2030 targets for the power, energy and auto manufacturing sectors and set new targets for the aviation, chemicals and mining sectors. The bank said its current goals “reflect [the bank’s] best efforts at this point in time.”

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    BlackRock, Vanguard Stakes in Banks Draw Labor Union Critics

    2024-10-30

    BNN Bloomberg: Consumer advocacy groups and labor unions are lining up to support plans by the FDIC to step up scrutiny of stakes in US banks held by money managers such as BlackRock Inc. and Vanguard Group Inc., citing the danger of too much concentration.

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    Net-Zero Asset Owner Alliance Members Invested $175 Billion in Climate Solutions in 2023: Report

    2024-10-30

    ESG Dive: Of the 81 members who have set targets, nearly all (79) have also committed to setting sub-portfolio decarbonization targets which, on average, aim for a 26% reduction in emissions by 2025 for bonds, equities, real estate and infrastructure investments. 

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    Over Half of CFOs Fear Greenwashing Risk as Sustainability Data Problems Persist: EY Survey

    2024-10-30

    ESG Today: A majority of company finance leaders globally say that they are concerned about perceived greenwashing risks from sustainability reporting in their industries, and most do not believe that their organizations will hit their major sustainability ambitions.

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    Wall Street Bankers Doing ESG Debt Swaps Get New Deals Pipeline

    2024-10-30

    Yahoo Finance: An emerging ESG debt market that’s been embraced by bankers at JPMorgan Chase & Co. and Bank of America Corp. is about to see its pipeline get a meaningful boost, thanks to an agreement struck in Colombia.

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    A Rush for Greener Offices in Asia Is Leaving Hong Kong Behind

    2024-10-30

    BNN Bloomberg: A lack of green offices is posing a fresh risk to Hong Kong’s beleaguered property sector amid a slump that’s already wiped billions of dollars from real estate values.

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