.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
Yahoo Finance: State Bank of India needs to finance coal projects to meet the Indian leader’s push to electrify more homes, yet it wants to back renewable projects to appease global money managers including Fink’s BlackRock Inc., Storebrand ASA and Amundi SA. For now it’s doing a bit of both.
BNN Bloomberg: Even in Denmark, recently ranked the world’s greenest country, asset managers are trying to figure out how to adapt to new and evolving requirements for climate-friendly portfolios.
BNN Bloomberg: Bank of England Governor Andrew Bailey said the world’s effort to shift away from using fossil fuels could spark inflation if it’s done in a disorderly way, highlighting the risks involved with greening the economy.
Funds Europe: Impax Asset Management, a listed asset manager with a focus on ESG, saw assets under management (AUM) jump by nearly 50% based on net flows over six months.
BNN Bloomberg: Deutsche Bank AG is accelerating a push to align its business with environmental, social and governance criteria as global lenders increasingly move toward green finance.
Institutional Asset Manager: Corlytics ESG Monitoring is a single dashboard offering structured, analysed and visualised ESG-specific regulatory information which is rapidly evolving among global financial regulators.
BNN Bloomberg: The European Parliament gave its final approval to a 17.5 billion euro fund that will help the most coal-dependent European Union regions shift to a climate-neutral economy.
Investing: A rush by companies to boost their sustainability claims has reached foreign exchange markets in the form of currency hedging products where the cost is tied to a firm's environmental, social and governance (ESG) goals.
Funds Europe: Robert Murphy, managing director at Edison Group, considers the UK’s financial policy post-Brexit now that London is under scrutiny - and says that creating an ESG hub might give the UK a better chance to assert itself as an investment powerhouse.
Institutional Asset Manager: In a major vote of confidence in London’s overall attractiveness as a top investment destination, a poll of global institutional investors shows that the city is leading the world in acceleration and adoption of the ESG agenda.
