Nasdaq: Global sustainable mutual fund assets hit a fresh record high in the second quarter, led by flows into equities, although the pace of net inflows slowed from the prior quarter, data from Morningstar showed.
BNN Bloomberg: Fidelity International warned companies it invests in that if they don’t take sufficient action to combat climate change the asset manager will vote against management at shareholder meetings beginning next year.
Deloitte: The potential for increasing renewable energy demand, combined with the electrification of transportation and industrials and oil and gas companies’ increased participation in the electricity value chain, is accelerating industry convergence. Explore how these trends could help foster collaboration and what the year ahead may look like for the renewable energy industry.
Private Equity Wire: The majority (62 per cent) of GPs have declined to invest in a company due to ESG or ethical considerations in 2021, according to Investec’s annual GP Trends survey. Last year, this figure stood at 55 per cent, showing the continued and growing importance of ESG to GPs.
Investment Week: When the coronavirus pandemic spread around the world in 2020, investors quickly grasped the gravity of the situation and a sense began to emerge that it was perhaps a moment when firms with strong environment, social and governance (ESG) would be less negatively affected than others.
Funds Europe: Hedge fund investors are likely to demand information on ESG performance every 18 days, according to research that reveals concern in some parts of the industry that green investing will be good for their business.
Yahoo Finance: The environmental, social, and corporate governance (ESG) movement has forced big finance to recalibrate priorities around impact investing in the past few years. Hedge funds, one of the last to the ESG party, have recently also started incorporating ESG and impact considerations into their decision-making process for new ventures.
Financial Post: Today’s private equity shops — including the world’s largest alternative asset manager, Blackstone Group Inc. — are pouring capital into fast-growing sectors such as solar, carbon capture, and battery storage.
Institutional Asset Manager: Forty one leading asset managers, representing USD6.8 trillion in assets, are joining the Net Zero Asset Managers initiative. Among other steps, this will see the investors work with clients to reach net zero emissions alignment across their portfolios by 2050 or sooner and set interim 2030 emissions reduction targets.
The Wealth Advisor: Climate change risk is an increasingly significant driver in investment models and has been cited by almost 90 percent of institutional investors as the most significant ESG (environmental, social, governance) factor influencing their decisions to invest in a company, according to a Deloitte report.