Responsible Investor: Global investors are facing an unprecedented situation with Uighur forced labor present in hundreds of factories throughout China in numerous sectors.
Institutional Asset Manager: Environmental, social, and governance (ESG) factors are now key criteria for selecting new asset managers, according to a survey of pension schemes, insurance firms, and family offices worth a combined USD7 trillion.
Institutional Investor: A majority of investors believe all funds will incorporate environmental, social, and governance factors in five years, according to a survey by CoreData.
Institutional Investor: With the explosion of ESG data and ratings, there’s little agreement on what makes a company good or bad.
IPE: A trio of industry bodies have launched the word’s first listed infrastructure index to encourage better environmental, social and governance (ESG) disclosure.
Reuters: Ratings agency calculates that 43% of emerging economies have a highly negative credit impact from physical climate risk such as rising seas.
Private Equity Wire: An overwhelming majority (90 per cent) of private equity managers believe the UN Sustainable Development Goals (SDGs) will help the financial industry address pressing environmental and social challenges, according to a new study by LGT Capital Partners.
Funds Europe: The asset management industry’s role in the future of the planet has come into question again following the publication of two reports calling out firms for acting too slowly on climate targets.
Bloomberg: Fidelity Investments and Capital Group ranked the worst of the world’s 10 biggest asset managers last year on pushing high-carbon emitters to curb their role in global warming, according to a report. [Full article available to Bloomberg subscribers.]
Institutional Investor: Most ESG managers struggle to get investors’ attention. Here’s why.