U.S. News: European Union regulators proposed sweeping changes to the bloc's rules on labelling sustainable investments, to give investors simpler and clearer information and to stop "greenwashing" risks.
Funds Europe: Only 40% of high emitting companies disclose and quantify the impacts of their decarbonisation actions, a study has found.
ESG Today: Brookfield Asset Management (BAM) and UAE-backed climate investment platform ALTÉRRA announced the launch of the Catalytic Transition Fund, aimed at directing capital into clean energy and transition assets in underserved emerging economies.
ETF Stream: BlackRock has unveiled a five-strong climate transition ETF range. The ETFs aim to ‘provide access to companies leading in the transition to a low carbon economy.’
BNN Bloomberg: UBS Group AG just held its first-ever conference dedicated to the ESG theme of biodiversity, signaling its ambitions to grow in a business area that Credit Suisse had targeted for expansion before its collapse.
Portfolio Advisor: Despite looming regulatory deadlines to report on ESG, just 29% of companies feel ready to have their ESG data independently verified, up only a fraction from nine months ago, according to research from KPMG.
GreenBiz: The Science Based Targets initiative will requires banks and other financial institutions setting science-based targets for emissions reductions to phase out most coal-related activities by 2030 and publicly declare when they’ll stop financing companies and projects that don’t align with the Paris Agreement goal to hold global temperature increases under 1.5 degrees Celsius.
MSN: On March 26, 2024, BlackRock CEO Larry Fink caused quite a stir. His annual chairman’s letter to investors was in the news for what it did not have. Conspicuous by its absence was the mention of the term ESG (environment, social, and governance).
Yahoo News: House Republicans are blasting Wall Street firms over climate-minded investing, the latest flare in the party’s criticism over environmental, social and governance (ESG) investing.
ABC: The first of four days of climate activists making their voices heard kicked off in Manhattan. The activists call the shutdowns "The Summer of Heat on Wall Street." They say it's a months-long campaign to hold protests to push Wall Street to stop funding oil, coal, and gas.
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