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ESG Newsletter

    Understanding Greenwashing Crucial to Combat the Risk, Says EFAMA

    2023-01-16

    Funds Europe: Regulators must not apply the term "greenwashing" too broadly in their efforts to identify offenders, a leading funds trade body said, due to unclear definitions surrounding sustainability at the regulatory level.

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    Under 1% of ESG funds Meeting EU Ecolabel Standard

    2023-01-05

    Funds Europe: Less than 1% of sustainable funds meet the minimum expectations set out by the EU’s proposed voluntary Ecolabel, analysis by the European Securities and Markets Authority (Esma) has warned.

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    Passive Funds Face New Restrictions as UK ESG Rules Take Shape

    2022-12-21

    BNN Bloomberg: ESG rules in the UK look set to make life harder for firms marketing index-tracking and other passively managed strategies, according to lawyers advising the investment industry.

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    Companies Need ‘Room to Fail’ on Human Rights

    2022-12-20

    ESG Clarity: Investors need to allow companies room to be open about failings when it comes to human rights issues in their supply chains, a Principles for Responsible Investment (PRI) conference in Barcelona heard earlier this month.

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    EIOPA’s First IORPs Climate Stress Test Shows Material Exposure to Transition Risks

    2022-12-13

    Eiopa: The European Insurance and Occupational Pensions Authority (EIOPA) published today the results of its climate stress test of European Institutions for Occupational Retirement Provisions (IORPs).

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    Climate Change Could Cost Pension Funds Billions, EU Watchdog Says

    2022-12-13

    Euronews: Pension funds across the European Union would lose billions of euros from their investments in polluting industries without action to mitigate the impact of climate change, the bloc’s first stress test of its kind showed.

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    Deutsche Bank Investment Boss Wants to ‘Tone Down’ ESG Hype

    2022-12-07

    BNN Bloomberg: The chief executive of Deutsche Bank AG’s investment unit, DWS Group, said it’s time to dial back the “exuberant” language used in ESG sales pitches.

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    ESG Fund Chaos Angers Investors as Greenwashing Concerns Mount

    2022-12-02

    BNN Bloomberg: The asset management units of Deutsche Bank AG and BNP Paribas SA are adding to a tidal wave of ESG fund downgrades, bringing industry assets under management to have been hit by such reclassifications to well over $100 billion.

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    Money Managers Lower ESG Ratings of Billions in Funds

    2022-11-23

    Independent.ie: Amundi and Deutsche Bank's DWS Group are downgrading billions of dollars worth of ESG funds, adding to the sense of disarray that's spreading across Europe's asset management industry as it digests stricter regulatory guidance.

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    Code of Conduct for ESG Data and Ratings Providers

    2022-11-22

    FCA: As financial services firms integrate ESG into their activities and expand their ESG-focussed products, they are increasingly reliant on third party ESG data and ratings services.

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