ESG Clarity: The regulation of ESG data and ratings appears to be a step closer to enforcement after UK regulator the Financial Conduct Authority (FCA) stated there is a “clear rationale” for the regulation of ESG ratings, following feedback from the market.
Private Equity Wire: Intertrust Group’s most recent report, The future private capital CFO: Unleashing potential in the ESG era, found that more than 40% of private capital investors are looking for live updates on portfolio performance, while around 55% will be looking for either live or daily updates on ESG performance – 10% higher than anticipated by CFOs.
Funds Europe: The Riverside Company has appointed Dörte Höppner as its first chief sustainability officer. In the newly created role, Höppner will be tasked with overseeing the private investment firm’s global ESG initiatives.
Funds Europe: European-domiciled ESG assets are poised to reach a value of between €7.4 trillion and €9 trillion by 2025, according to research by PwC Luxembourg.
ESG Clarity: Andrew Nathaniel Skeene and Junie Conrad Omari Bowers have been found guilty of conspiracy to defraud and misconduct in the course of winding up a company at Southwark Crown Court, International Adviser reports.
The Guardian: After 10 years of stalemate over the proposals, EU lawmakers hailed a “landmark” deal for gender equality. As well as the legally binding target, companies could also be fined for failing to recruit enough women to their non-executive boards and see board appointments cancelled for non-compliance with the law.
African Business: Discussion on attracting much-needed investment into Africa has generally focused on non-African sources: foreign firms, multilateral financial institutions and non-African institutional investors. Yet far greater attention is now being paid to investment funds based within the continent itself.
CNN Business: The chief executive of top German asset manager DWS will step down next week, he said on Wednesday, a day after raids by prosecutors over allegations that the company misled investors about "green" investments.
U.S. News: Vanguard, the world's second-biggest asset manager, said it expects nine funds managing $290 billion to reach the world's climate goal by 2050 and be at least half way there by 2030, drawing criticism from campaigners for a lack of ambition.
U.S. News: Central bank policymakers and other global authorities are exaggerating the financial risks of climate change, a senior HSBC banker in charge of sustainable investments said in remarks that drew criticism from climate activists.
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