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.
BNN Bloomberg: Asset managers have launched a coordinated appeal to get the European Union to rework planned ESG reporting rules, as investors worry the current proposal doesn’t give them the data they need to make informed decisions and avoid greenwashing.
MSN: Companies in Britain that compile the environmental, social and governance (ESG) ratings of different firms will face a new voluntary code of conduct ahead of potential regulations for a sector that channels trillions of dollars in investments.
Yahoo News: A proposed European Union shake-up of the environmental, social and governance (ESG) ratings industry will bring much-needed transparency but fall short of the standardisation some in the market say is needed to stop the scores confusing investors and companies.
Yahoo News: Treasury Secretary Janet Yellen said the US is concerned about the potential “negative, unintended consequences” of European Union efforts to force corporations to screen their supply chains for environmental and social risks.
Funds Europe: Continued evidence of the disparity between attitudes towards ESG by European fund managers and US fund managers has been published - although US managers expect demand for ESG data to increase.
Zawya: European Union sustainability disclosure rules are set to give companies more room to decide what should be reported, though safeguards should ensure this makes little difference in practice, a senior EU agency official has said.
Funds Europe: European investors are more likely to invest in sustainable ETFs than US investors due to an increased awareness of sustainability issues, according to Track Insight.
Funds Europe: The European social bonds market has hit €464 billion in size as investors demonstrate an increased appetite for the ‘S’ in ESG, according to Goldman Sachs Asset Management (GSAM).
Funds Europe: Clarity AI has reported 80% of Article 8 funds would fail to comply with the European Securities and Markets Authority‘s (Esma) proposed fund labelling regulation.