.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
Funds Europe: Influential investment consultant WTW strengthened the backing for diversity in portfolio management after producing research that showed greater diversity leads to better investment results.
Yahoo Finance: The percentage of women holding senior positions at European hedge funds has more than halved since 2021, according to a report by data provider Preqin.
Funds Europe: The number of ESG-labelled fund products in Europe grew by 89% last year, while the gap between ESG and non-ESG management fee averages has reduced to 2bps in the previous twelve months.
Edie: The British Standards Institution (BSI) has unveiled a new sustainable finance standard to help investors and financial institutions avoid greenwashing by setting credible targets and plans to improve approaches to environmental, social, and corporate governance (ESG) performance.
BNN Bloomberg: European Union efforts to address criticism of its ESG investing rulebook are being challenged by the financial supervisory authority of France.
XM: Britain's financial regulator should rethink its plan to tackle greenwashing because it risks disrupting markets and could damage faith in sustainable investing, the head of an investment managers' industry group said.
Funds Europe: Investors expect the expansion of the European ESG ETF market to continue in 2023, revealed a survey by BNP Paribas Asset Management, the investment arm of BNP Paribas.
BNN Bloomberg: Sustainalytics has downgraded the ESG scores of several Adani Group companies, following a report by a short-seller raising concerns about corporate governance at the conglomerate last month.
US News: A group of European institutional investors is backing a novel London lawsuit against energy giant Shell's board over alleged climate mismanagement in a case that could have far-reaching implications for how companies tackle emissions.
Funds Europe: The European Securities and Markets Authority (Esma) has backed the first set of draft European Sustainability Reporting Standards (ESRS Set 1), stating the regulations, which are meant to increase the quality of information in sustainable investing, are “broadly capable” of meeting investor protection, stability and sustainability objectives.
