Chief Investment Officer: The movement against environmental, social and governance investing has had mixed, though generally negative, results for ESG investing strategies in name, if not also in practice, according to experts and asset manager filings.
The Guardian: More men than women were appointed to the boards of large financial services firms in Europe last year, even as nearly a third of companies risked falling short of the EU’s upcoming plans to impose mandatory quotas for women on corporate boards.
ESG Clarity: Support among asset managers for resolutions aimed at addressing environmental and social issues has crashed to a level not seen before in ShareAction’s fifth annual Voting Matters report, with only 3% of assessed resolutions passed in 2023.
Funds Europe: Political hostility to US ESG investing has dampened enthusiasm among American asset managers, while European counterparts maintain support for ESG-related shareholder proposals, according to Morningstar.
Hedge Week: The incorporation of environmental and social metrics into investment strategies is becoming increasingly common among hedge fund managers, according to a report by Bloomberg citing research by analysts at UBS Group.
ESG Clarity: Apex ESG and MJ Hudson have merged to form Holtara; a partnership aiming to bring a level of robustness to ESG data and reporting to help clients set meaningful targets and identify improvement pathways.
Yahoo Finance: Texas bars its public pensions from investing in 350 funds run by asset-management giants such as BlackRock Inc. and Invesco Ltd. because a key Republican state official says they “boycott” the oil and gas industries.
BNN Bloomberg: In a corner of finance that rarely generates headlines, investors are busy mapping out paths to huge returns as they contemplate the fallout of new laws in Europe.
CBC: Canada's big five banks are potentially misleading investors with their use of terms like sustainable finance, according to a complaint to securities regulators by a climate advocacy group.
GreenBiz: A suite of "doable today" business actions that would slash demand for energy could unlock annual savings of at least $2 trillion a year across the global economy, while helping to boost growth, save companies cash, unlock competitive advantages and reduce greenhouse gas emissions.
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