.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
Funds Europe: Nearly nine-in-10 (87%) limited partners (LPs) have declined or reconsidered a fund allocation due to anti-money laundering and Know Your Customer (AML/KYC) concerns, underscoring just how significant compliance has become as a gatekeeping item for fundraising.
ESG Today: Deutsche Bank announced a series of new updates to its sustainability strategy, including expanding its sustainable finance strategy to target opportunities for funding net zero transitions in hard to abate sectors, with the release of a new framework outlining its rules and parameters for transition finance transactions.
ESG Dive: Ceres launched its benchmark analysis in 2023 with the aim of tracking how companies fared on meeting their water sustainability targets. The inaugural report evaluated 72 companies, but the most recent edition assessed 71, as Kellogg was removed from the lineup due to the company’s split and sale.
ESG Today: Sustainability-focused investment manager Mirova announced that it has invested $30 million in a soil-based carbon project in India by project developer Varaha, focused on supporting smallholder farmers in implementing regenerative agricultural practices.
ESG Today: The Science Based Targets initiative (SBTi) announced the release of its updated draft Corporate Net-Zero Standard V2, its planned update to its key standard to assess, certify and track companies’ decarbonization commitments to achieve net zero emissions and to support science-based climate target setting.
ESG News: The Science Based Targets initiative (SBTi) has released the second draft of its Corporate Net-Zero Standard Version 2, opening a new round of consultation to refine the global benchmark for corporate climate action.
MSN/Reuters: HSBC issued a set of new, softer near-term climate targets for sectors such as oil and gas in response to the slow pace of change in the real economy.
Funds Europe: Capital flows into Article 8 funds increased in line with overall market trends, while Article 9 funds continued to experience net redemptions, according to Morningstar’s data.
ESG Today: State Street Investment Management, one of the world’s largest investment managers, announced a significant change in its signatory status with climate-focused investment coalition the Net Zero Asset Managers (NZAM) initiative, pulling out its U.S. business from the group, with only its Europe and UK businesses remaining.
Portfolio Adviser: The Amundi MSCI USA Screened UCITS ETF and Amundi MSCI World Screened UCITS ETF will sit alongside the recently launched Amundi MSCI Europe Screened UCITS ETF, therefore offering investors ESG-screened exposure to North American, European and global equities.
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