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Funds Europe: Only 40% of high emitting companies disclose and quantify the impacts of their decarbonisation actions, a study has found.
ESG Today: Two-thirds of funds in the EU labelled with sustainable or ESG-related terms may need to sell assets or change their names to align with new anti-greenwashing rules, with stock divestments of as much as $40 billion if all were to keep their names, according to a new report released by investment research firm Morningstar.
BNN Bloomberg: The US stock market has emerged as the most exposed to divestment after the European Union unveiled new rules limiting how freely asset managers can attach ESG labels to their funds.
BNN Bloomberg: Analysts at Barclays Plc are warning that a growing number of stocks will be consigned to exclusion lists as new European Union rules for ESG funds are enforced.
ESG Today: More than 40% of investment funds in the EU using ESG or sustainability-related labels may be required to change names or sell assets in order to meet new anti-greenwashing rules, according to a new analysis released by sustainability technology platform Clarity AI.
BNN Bloomberg: Europe’s biggest pension fund, Stichting Pensioenfonds ABP, has exited all liquid assets in oil, gas and coal worth about €10 billion ($10.8 billion), in an effort to be greener.
ESG Today: The European Council announced the approval by member states of the Corporate Sustainability Due Diligence Directive (CSDDD), marking the final step in the adoption of legislation setting mandatory obligations for large companies to address their negative impacts on human rights and the environment across their value chains.
ESG Today: More than 4 out of 5 professionals involved in corporate reporting say that collecting accurate data to comply with the EU’s Corporate Sustainability Reporting Directive (CSRD) will be a challenge.
US News: European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said, with a record $8.8 billion in net withdrawals from the products in the U.S.
ESG Today: Lawmakers in the European Parliament voted 374 to 235 to adopt the Corporate Sustainability Due Diligence Directive (CSDDD), a key piece of legislation setting mandatory obligations for companies to address their negative impacts on human rights and the environment.
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