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ESG Newsletter

    Private Equity Firm Astatine Sued for Gender Bias by Ex-ESG Head

    2023-08-01

    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.

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    U.S. Asset Managers Are Falling Behind on Their Own Climate Goals

    2023-07-31

    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. 

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    Article 9 Funds Pick Up Outflows From Funds With Lower Sustainability Aims

    2023-07-31

    Funds Europe: Investors have withdrawn money from funds categorised as ‘Article 8’ under EU sustainable investment funds and appear to have re-allocated a portion of it to ‘Article 9’ funds that are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.

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    ESG Flows Stall as Global Headwinds Hit

    2023-07-27

    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.

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    New Corporate VC Fund Will Bet $100 Million on Electric Vehicles

    2023-07-27

    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. 

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    ESG Investing Set to Get Boost in India as More Funds Permitted

    2023-07-26

    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.

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    ‘Flawed’ Climate Analysis Driving Investment Decisions of Banks and Pension Funds

    2023-07-27

    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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    ASIC Commences Greenwashing Case Against Vanguard Investments Australia

    2023-07-25

    ASIC: ASIC has lodged civil penalty proceedings in the Federal Court against Vanguard Investments Australia, alleging misleading conduct in relation to claims about certain environmental, social, and governance (ESG) exclusionary screens applied to investments in a Vanguard fund.  

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    A Strong Start: The Key to Decoding ESG Priorities

    2023-07-25

    Private Equity Wire: ESG executives’ scope of responsibilities is expanding exponentially as regulatory and investor demands continue to rise. Critical to their success is leadership buy-in and building a keen understanding of which ESG metrics are relevant to their particular strategy.

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    ESG Funds: Do They Walk the Talk?

    2023-07-25

    Wealth Management: While environmental, social, and governance investing continues to increase in popularity, important questions remain about its practical significance.

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