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ESG Newsletter

    EU Funds Face Fresh Pressure to Dump US Stocks Under New ESG Regulations

    2024-06-06

    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.

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    Barclays Says Blacklists Set to Grow With EU’s New ESG Fund Rule

    2024-05-31

    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.

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    Nearly Half of Sustainability-Labelled Funds May Have to Change Names to Meet New EU Anti-Greenwashing Rules: Clarity AI

    2024-05-30

    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.

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    Europe’s Biggest Pension Fund Sells €10 Billion in Fossil Fuels

    2024-05-28

    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.

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    EU Adopts Environmental, Human Rights Sustainability Due Diligence Law

    2024-05-24

    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.

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    83% of Companies Say Collecting Accurate Data for CSRD Reporting Requirements will be a Challenge: Workiva Survey

    2024-05-01

    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.

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    Record $8.8 Billion Pulled From US Sustainable Funds in Q1

    2024-04-25

    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.

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    EU Parliament Adopts Environmental, Human Rights Sustainability Due Diligence Law

    2024-04-24

    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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    Europe Stands Firm Against Driven ESG Backlash

    2024-04-12

    XM: In the United States, conservative politicians have been successful in tamping down environmental, social and corporate governance (ESG) product marketing, in diluting regulations that promote ESG disclosures, and in discouraging financial firms from co-ordinating on curbing greenhouse gas emissions.

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    EU Parliament Adopts Law to Establish Carbon Removal Certification System

    2024-04-11

    ESG Today: Lawmakers in the European Parliament voted to adopt a new law aimed at establishing a certification system to quantify, monitor and verify carbon removals, and to counter greenwashing.

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