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ESG Today: A federal court in Australia imposed a A$10.5 million (USD$6.7 million) penalty on superannuation fund Active Super trustee LGSS, after finding that the firm had engaged in greenwashing by continuing to invest in securities in areas that it had claimed to eliminate for environmental or social reasons.
ESG Dive: When the SEC initially adopted the updated Names Rule in 2023, the largest funds previously had until Dec. 11, 2025 to comply, with smaller funds due to comply six months after.
Advisor Hub: UBS Group AG’s annual report no longer refers to a key sustainability term that has come under attack from the Trump administration, indicating how the backlash is impacting European firms.
ESG News: Copenhagen Infrastructure Partners (CIP) has raised over €12 billion ($13.1 billion) for its fifth flagship fund, CI V, significantly exceeding its original fundraising goals.
ESG Dive: Major U.S. banks who looked to the Securities and Exchange Commission to allow for excluding shareholder proposals with requests to disclose banks’ climate change planning and exposures were turned down by the agency.
Portfolio Adviser: The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have abandoned plans to impose stricter rules for diversity, equity and inclusion (DEI) in the financial services sector to “avoid duplication and unnecessary costs”.
Yahoo Finance: The chief executive of JP Morgan has branded two of the world’s top shareholder proxy advisers “incompetent” amid a growing backlash over their support for diversity policies.
CFO Dive: Women worldwide are far from attaining equal status in the C-suite, holding only about 10% of the most powerful roles such as CEO, CFO and COO, JPMorgan Chase said.
ESG Today: BNP Paribas Asset Management (BNPP AM) announced the creation of a new entity, the Venture and Impact platform, within its Private Assets division.
ESG Dive: The nation’s new stance on the SDGs surfaced during remarks made by Edward Heartney, a minister-counselor at the U.S. mission to the UN, on a resolution to create an “International Day of Peaceful Coexistence.”
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