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Private Equity Wire: Private equity funds have accelerated the acquisition of European oil and gas assets, with 16 deals worth a combined £12 billion announced in the 12-month period ended 31 July 2022, according to data from global law firm Mayer Brown.
U.S. News: BlackRock, the world's biggest asset manager, told a British parliamentary committee that it will not stop investing in coal, oil and gas, and that its role was not to "engineer a specific decarbonization outcome in the real economy."
Funds Europe: The European Commission has been urged to develop an EU regulatory framework for ESG ratings by the voice of the European investment management industry.
BNN Bloomberg: Africa’s biggest fund manager, South Africa’s Public Investment Corp., said it’s aiming to achieve net-zero greenhouse gas emissions by 2050 and its “climate change position statement is currently moving through internal governance committees for approval.”
Hedge Week: In its tenth annual ESG Report, LGT Capital Partners finds that almost half (47%) of private equity managers are now addressing climate change through their ESG policies, an increase of 13 percentage points over the last year.
Interactive Investor: XPS Pensions Group, a consultancy, found that 81% of asset managers surveyed have committed to net zero by 2050, up from 41% last year. However, its research showed that just 22% of fund groups could demonstrate a “credible plan” to meet these commitments.
Chief Investment Officer: Norges Bank, Norway’s central bank and manager of its $1.2 trillion Government Pension Fund Global, has added nine companies to its exclusion list for reasons including producing tobacco products and cannabis for recreational use and contributing to severe environmental damage, according to a press release.
BNN Bloomberg: After watching key GOP figures launch an all-out political attack on ESG, senior officials from the $57 trillion global pension industry are speaking out against the risks such an agenda poses to long-term savings.
FT Adviser: In a “Dear CEO” letter released last week (September 8), the FCA’s director of infrastructure and exchanges, Edwin Schooling Latter, said the regulator has concerns over the benchmarks.
Funds Europe: Of the 6,000 funds analysed by FE fundinfo, 663 set the minimum level of investment in sustainable opportunities at 0%, while an overwhelming majority left the value blank.
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