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ESG Clarity: The new strategies – MS INVF Calvert Global Equity Fund, the MS INVF Calvert Global High Yield Bond Fund and the MS INVF Calvert US Equity Fund – all consider ESG factors as part of their investment processes.
Yahoo Finance: For the first time ever, ESG funds suffered net global outflows amid a major exodus by US investors from environmental, social and governance strategies.
ESG Today: HSBC announced the launch of its first Net Zero Transition Plan, outlining the global bank’s strategy to finance and support the transition to net zero, and to meet the climate goals it has set over the past few years.
BNN Bloomberg: Europe’s banks are asking investors not to pay too much attention to a new green metric due to be published in in the coming weeks, as early estimates show the industry woefully behind where it needs to be.
GreenBiz: In early 2024, France introduced the potential of jail time for any corporate director who fails to comply with the country’s Corporate Sustainability Reporting Directive (CSRD). Specifically, the penalty includes a fine of up to $81,400 and jail time of up to five years.
Yahoo News: European Union lawmakers backed a two-year delay in sector-specific rules for the oil, energy and mining industries, to make more detailed disclosures on environmental, social and governance (ESG) factors, citing the need to ease regulatory burdens on companies.
ESG Clarity: Of the 2,000 global companies identified as having the greatest potential to transform systems and influence progress toward the UN’s Sustainable Development Goals (SDGs), less than a third have verified emissions reduction targets, according to a report.
Yahoo Finance: Exxon Mobil Corp. filed a lawsuit against US and Dutch climate activist investors in an effort to remove what it describes as their “extreme agenda” from the ballot at its annual shareholder meetings.
ESG Today: EU banking supervisor The European Banking Authority (EBA) announced the launch of a consultation on new proposed guidelines, setting out requirements for banks to identify, measure, manage and monitor ESG risks, including setting plans to address risks arising from the EU’s transition to a climate-neutral economy.
Forbes: As we stand on the brink of a pivotal era in the fight against climate change, investors are increasingly seeking opportunities to align their portfolios with the global transition to clean and sustainable energy sources.
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