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ESG Newsletter

    Al Gore’s Investment Firm Warns Against Emerging-Market Exodus

    2022-03-28

    BNN Bloomberg: Generation Investment Management LLP is warning of the risks associated with a broad-based retreat from emerging markets, as Russia’s war on Ukraine leaves some investors rethinking their exposure.

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    Carlyle Establishes DEI Leadership Network of Portfolio Company CEOs

    2022-03-24

    Private Equity Wire: As part of its long-standing commitment to embedding diversity, equity, and inclusion (DEI) across its spheres of influence, Carlyle has created the Carlyle DEI Leadership Network, a coalition of the firm’s portfolio company CEOs around the globe to develop a peer group for shared resources, insights, and learnings to advance diversity, equity and inclusion within their respective companies.

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    Half of All Funds Labelled 'Climate Focused' Don't Use A Climate Index Benchmark

    2022-03-24

    Funds Europe: New research from Pensions for Purpose suggests that active asset managers opt for an easy life as most do not use climate benchmarks, despite their funds being labelled as 'climate-focused'.

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    Why ESG Funds 'Shockingly' Buy Russian Oil Instead of Canadian Crude

    2022-03-22

    Yahoo Finance: Russia's war on Ukraine continues to expose uncomfortable realities for environmental, social and governance-focused (ESG) investments, prompting calls for the asset management industry to rethink the loosely-defined term as analysts point to "shocking" holdings within some funds.

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    HSBC Announces ‘Phase Down’ of Funding for Fossil-Fuel Clients

    2022-03-16

    BNN Bloomberg: HSBC Holdings Plc promised to “phase down” its financing of the fossil fuel industry, sending a warning to oil and gas clients as the bank works toward its target of net-zero emissions.

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    New SBAI Forum to Address Diversity in the Alternatives Space

    2022-03-16

    Hedge Week: The SBAI, a global alliance of alternative investment managers and allocators and custodian of the Alternative Investments Standards, announced it has created a forum of alternative investment industry organisations committed to addressing diversity in the alternatives industry.

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    With ESG on the Rise, Asset Managers Target the Murky Underbelly of Supply Chains

    2022-03-15

    Institutional Investor: Since the U.K. launched the landmark Modern Slavery Act in 2015, global asset managers like Abrdn, BNY Mellon, and Lazard have pledged to remove modern slavery — a term that includes human trafficking, forced labor, debt bondage, and forced and early marriage — from their operations and supply chains.

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    Russia-Ukraine War Has Changed Mindsets of 54% of Investors

    2022-03-15

    Funds Europe: That is the conclusion of a new survey conducted by UK direct-to-consumer investment platform, Interactive Investor, among a sample of 2,058 visitors to its website earlier this month.

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    UBS Joins Lenders Setting Fossil Fuel Emissions-Cutting Goals

    2022-03-11

    U.S. News: UBS aims to cut its financing of fossil fuel emissions by more than two-thirds by 2030, Switzerland's biggest bank said, joining lenders setting targets for the first time this year.

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    Credit Suisse Aims to Nearly Halve Emissions Financing to Fossil Fuels by 2030

    2022-03-10

    U.S. News: Switzerland's second-biggest bank reduced its exposure to emissions it financed in the oil, gas and coal sector by 41% between 2020 and 2021, preliminary estimates in its sustainability report showed, when it had some $2.6 billion in loans outstanding to such clients.

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