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Yahoo Finance: At some of the world’s biggest asset managers, ESG fund launches are quietly stalling. BlackRock Inc., Deutsche Bank AG’s DWS Group, Invesco Ltd. and the asset management arm of UBS Group AG are among firms that have cut the number of new funds with environmental, social and governance mandates, according to data provided by Morningstar Direct.
U.S. News: A U.S. appeals court ordered a Texas judge to reconsider his decision upholding a Biden administration rule that allows socially conscious investing by employee retirement plans, in light of a major recent Supreme Court ruling.
ESG Today: Australian energy transition platform Symphony Infrastructure Partners announced that it has raised A$488 million (USD$329 million) in a Series A financing round including A$300 million (USD$202 million) from lead investor Blackstone, with proceeds aimed at accelerating the company’s growth and completing a series of five pending acquisitions.
Yahoo Finance: At Institutional Investor, keeper of Wall Street’s version of the Oscars for financial analysts, the winner in one category this year is — nobody. The red carpet is being formally rolled up for the three letters, ESG. The 57-year-old II has dropped the label, short for environmental, social and governance, from its annual analyst rankings.
ESG Today: Global financial services group HSBC is launching HSBC Infrastructure Finance (HIF), a new business unit aimed at pursuing infrastructure financing and project finance advisory opportunities associated with the transition to a low carbon economy, according to an internal memo by Greg Guyett, HSBC’s CEO of Global Banking and Markets, seen by ESG Today.
BNN Bloomberg: BlackRock Inc. is bolstering its government-relations staff with a new hire in Austin as the money manager fends off criticism from Texas Republicans.
ESG News: ESG due diligence is becoming a critical priority for Australian dealmakers, mirroring global trends. According to KPMG’s ESG due diligence study, 71% of investors have increased the importance of ESG in their transactions over the last 12 to 18 months.
BNN Bloomberg: Chinese developers are issuing far fewer securities tied to climate or social objectives, resulting in only $2.8 billion being raised in Asia Pacific in the first half, data compiled by Bloomberg Intelligence show.
BNN Bloomberg: Europe’s financial markets watchdog said companies shouldn’t anticipate that the complexity of new ESG reporting requirements will excuse sloppy disclosures.
Funds Europe: UK pension funds and insurers are showing a strong preference for diversification across renewable energy technologies, according to a survey.
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