Investment Executive: European regulators are consulting on proposed changes to rules governing credit rating agencies that aim to boost sustainability considerations.
GreenBiz: As the 2024 proxy season gets underway — and as climate disasters occur with increasing frequency, costing hundreds of billions in damages and business disruptions in recent years — many shareholder resolutions at large public companies focus on the climate crisis.
Wealth Professional: While greenwashing is commonly called out by investors and consumers, a more sinister and potentially damaging trend is emerging, ESG fraud, and its scale is highlighted in a new report from KPMG in Canada.
Yahoo Finance: A U.S. House of Representatives panel has subpoenaed the head of an activist group that pressures companies over environmental, social and corporate governance issues to appear for a March 28 deposition, according to a letter seen by Reuters.
Funds Europe: Some asset managers are retreating from their public ESG commitments due to so-called ‘greenhushing’ suggests a report into ESG investing in private markets.
BNN Bloomberg: The possibility that Europe will tap its investment bank to fund defense spending is being met with skepticism from bond investors, who flag risks to the lender’s sustainability credentials and higher borrowing costs.
ESG Today: BNP Paribas Asset Management (BNPP AM) announced the launch of the BNP Paribas Global Net Zero Transition Equity fund, a new active fund aimed at offering investors with exposure to a decarbonization and sustainable investment focused strategy, with sector, regional and market cap diversification.
BNN Bloomberg: As companies increasingly tie executive pay to ESG, there’s evidence to suggest the add-on is being used to enable bigger remuneration packages without leading to any meaningful environmental, social or governance improvement.
MSN: A Texas schools fund said it told BlackRock it would terminate a contract to manage around $8.5 billion of state money due to the energy investment policies of the world's largest asset manager.
BNN Bloomberg: More than two-thirds of passive funds marketed as sustainable are helping finance growth in the fossil-fuel industry, a trajectory that the International Energy Agency has said is incompatible with limiting global warming to the critical threshold of 1.5C.
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