Zawya: Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, is researching how to incorporate environmental, social and governance (ESG) factors in its indexed equity investments, a source familiar with the matter told Reuters.
National Post: Climate activists shattered 19 windows at HSBC’s headquarters in London’s Canary Wharf on Thursday as part of a protest against the financing of what the group says is devastating climate change that threatens the planet.
Nasdaq: Jamie Dimon is a stone in the shoe of green investing. One of the guiding assumptions of environmental, social and governance-focused investors is that corporate enablers of heavy pollution will get whacked by the market.
Financial Times: Aberdeen Standard Investments, one of Europe’s biggest asset managers, is set to launch a fund investing solely in hedge funds run by women, meeting demand from investors who are keen to foster diversity in a male-dominated industry and from those who believe greater diversity leads to better returns. [Full article available to Financial Times subscribers.]
Financial Times: UK listed companies are failing to live up to their diversity promises and treat reporting on their culture and strategy as a “box-ticking exercise”, according to a highly critical regulatory report. [Full article available to Financial Times subscribers.]
BNN Bloomberg: The European Commission failed to fully consider conflicts of interest when it appointed BlackRock Inc. to advise on new sustainable-finance rules for banks, according to a ruling by the European Union’s watchdog.
BNN Bloomberg: The Swedish bank that brought the first green bond to the world over a decade ago is now forcing corporate clients to prove they’re clean enough to stay on its books.
IPE: The European Commission has launched a public consultation on the first two sets of detailed screening criteria under the EU sustainability taxonomy regulation, triggering warnings that they are at risk of deviating from scientific evidence.
Reuters: Investors are pushing major European companies to make sure the “missing” costs of climate change are properly reflected in their financial statements, a move that could wipe billions of dollars off the value of sectors from energy to aviation.
Pensions & Investments: Six France-based money managers have called on the country's largest listed companies to increase the proportion of women in senior management to one-third by 2025. [Full article available to Pensions & Investments subscribers.]