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BNN Bloomberg: Citigroup Inc. has cut about five analyst jobs inside a small team dedicated to producing ESG and climate reports, according to people familiar with the development.
BNN Bloomberg: Female representation in the boardroom almost tripled since 2010, with the most gender-diverse companies delivering higher shareholder returns compared to male-dominated boards, according to Bloomberg Intelligence.
US News: Goldman Sachs said it has quit a sector coalition aimed at aligning bank lending and investment activities with global efforts to fight climate change, becoming the most high-profile member to leave the group.
Funds Europe: BNP Paribas Asset Management has launched a Low Carbon Transition Infra Equity Fund targeting €750m from institutional investors such as insurers, pensions funds and corporates.
ESG Today: Four out of five asset managers and owners expect to see increases in their sustainable assets under management (AUM) and allocations over the next two years, according to a new survey released by Morgan Stanley.
ESG Dive: Strive AM was co-founded in 2022 by Vivek Ramaswamy, a one-time candidate for the Republican presidential nomination, with a goal to advocate for an “anti-woke” investing policy.
BNN Bloomberg: The global sustainable bond market clocked its slowest month of the year in November as borrowers dialed back issuance, anticipating volatility because of the US elections.
BNN Bloomberg: The idea that it’s a good thing to focus on diversity, equity and inclusion, or DEI, is under fire in the US. That’s certainly the case in business, where activists such as Robby Starbuck and Edward Blum have attacked US companies for their support of DEI.
Funds Europe: With a focus on climate finance, the recently concluded COP29 brought together nearly several countries in Baku, Azerbaijan, and reached an agreement that will: Triple finance to developing countries, from the previous goal of $100 billion annually to $300 billion annually by 2035.
Portfolio Adviser: Nine of Columbia Threadneedle Investments funds across global equities, UK equities and multi-asset have received approval for ‘Sustainability Focus’ labels under the Financial Conduct Authority’s Sustainability Disclosure Requirements (SDR).
