ESG Clarity: Several asset managers who co-signed a letter urging governments to protect the ocean and not proceed with deep-sea mining, have welcomed a temporary moratorium on the practice.
BNN Bloomberg: The disclosures that companies make about their green credentials will be evaluated by new global audit standards that are expected to be finalized by the end of next year.
BNN Bloomberg: A cornerstone of the European Union’s sustainable finance package should be streamlined by the UK to make it more useful to the market, according to the expert panel advising the government.
BNN Bloomberg: Astatine Investment Partners and its managing partners were sued by the private equity firm’s former environmental, social and governance head, who claims she was denied promotion to managing director and carried-interest compensation because she was a woman.
Institutional Investor: More than 300 investment firms have joined the Net Zero Asset Managers initiative since it launched in December 2020, pledging to support a goal of net zero greenhouse gas emissions by 2050.
Funds Europe: Investors have withdrawn money from funds categorised as ‘Article 8’ under EU sustainable investment funds and appear to have re-allocated a portion of it to ‘Article 9’ funds that are more committed to sustainability, according to data.
Morningstar: Worsening macroeconomic conditions and an ongoing political backlash to the sustainability agenda in the US continued to weigh on environmental, social and governance (ESG) strategies in the second quarter of 2023, Morningstar analysts report today.
BNN Bloomberg: Wex Inc., a major provider of vehicle fleet management for businesses and governments, is launching a new venture arm dedicated to speeding the adoption of electric cars and trucks.
BNN Bloomberg: India has authorized the country’s asset managers to launch multiple plans tied to ESG, potentially giving a boost to a globally-hot theme of investing that is still in its infancy in Asia’s third-largest economy.
Edie: New research from Carbon Tracker warns that widespread reliance on “flawed research” means that investment decisions today are ignoring the economic and physical effects of a changing climate. As a result, pension funds are risking the retirement savings of millions of people.
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