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IPE: As of today, the ESG ratings of more than 2,800 companies – those making up the MSCI ACWI index – are accessible via a search tool on msci.com. Next year a further 4,700 companies will be covered as MSCI ESG Research said it planned to make publicly available the ESG ratings for more than 7,500 companies in the MSCI ACWI Investable Markets Index.
Bloomberg: Major fund managers, including BlackRock Inc. and Amundi Asset Management, are running into a roadblock as they seek to put more money into emerging-market sustainable investments: a lack of common global definitions that would make it easier to identify what to buy.
IPE: In India, where there is next to no focus on ESG, there is a growing realisation that externalities matter in areas like water management or rice production, which is highly water intensive.
IPE: Green bonds may be the poster child of ESG approaches to emerging market debt (EMD) but a focus on ESG criteria goes deeper. Indeed, the rationale for investing in emerging market sovereign debt is to gain exposure to improving economies.
GRESB: Combining Verisk Maplecroft’s global risk analytics with GRESB’s geo-coded asset-data and adaptation measures, the scorecard provides location-specific intelligence on climate change and ESG exposure to create a unique risk-adjusted and asset-level benchmark of global real estate investment.
IPE: Avoiding reputational risk drives pension funds to adopt environmental, social and corporate governance (ESG) “principles” more so than it does other types of institutional investors. More than one-third (35%) of pension fund respondents included reputational risk as a top three factor driving ESG investing at their institution, compared with 21% of endowment and foundation respondents, and 6% of sovereign wealth funds.
GreenBiz: Last week, Apple issued $2.2 billion in green bonds, raising its total so far to $4.7 billion — and further cementing its status as the top corporate green bond issuer in the United States. But growth in green bonds actually has slowed after a blistering five years, seemingly ceding some ground to newer sustainability-linked loans with looser requirements.
Markets Media: As environmental, social, and corporate governance concerns continue to grow, institutional investors and asset managers have found obtaining the necessary financially material disclosures from companies a growing challenge and have started to push towards mandated disclosures.
Corporate Adviser: Regulators have been urged to launch a review of the ethical and sustainable fund sector, after a leading wealth manager accused the industry of misleading investors by marketing socially responsible funds that have significant exposures to defence, tobacco and gambling stocks.
GARP: From boutique money managers to French behemoth BNP Paribas SA, financial firms are setting up sustainability-focused mutual funds that mimic hedge-fund tactics. In an unusual move, they’re not only buying stakes in the companies favored by green investors, but also shorting firms that are failing to make the shift to sustainability.
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