ESG News: With mandatory sustainability reporting on the horizon, KPMG’s latest survey reveals a remarkable surge in global businesses integrating ESG practices into their operations. Carbon reduction targets, sustainability leadership roles, and biodiversity reporting are becoming mainstream practices among the world’s largest companies.
Funds Europe: The Investment Association (IA), the industry group for the UK’s asset management sector, in collaboration with the Thinking Ahead Institute, a non-profit network advancing sustainable investing for global savers, has published its second culture, talent and inclusion report: A Demographic Snapshot of the Industry.
ESG News: At COP, Societe Generale reaffirmed its commitment to advancing the environmental transition. The bank’s new €500 billion sustainable finance target for 2024–2030 includes €400 billion in financing and advisory and €100 billion in sustainable bonds.
Portfolio Adviser: Global climate funds are on track to experience their first year of outflows on record, with near $24bn (£19bn) in redemptions from January to September, according to Morningstar’s Sustainalytics report.
BNN Bloomberg: Exxon Mobil Corp. once appeared to be the biggest corporate casualty of the ESG movement. An activist investor forced Exxon to replace a quarter of its board in 2021, largely because of the Texas oil giant’s inadequate plan for the energy transition.
PR Newswire: Despite potential environmental, social and governance (ESG)-related headwinds globally, increasing extreme weather, emerging regulations, disruptive technology and changing consumer perspectives, have pushed sustainability to the top of many corporate agendas, finds KPMG's 2024 CEO Outlook.
Funds Europe: BNP Paribas Asset Management has launched a fund which will invest in sustainable forestry. The fund is the first launched by BNPP AM in partnership with natural capital expert IWC, a global natural capital specialist, majority owned by BNPP AM and headquartered in Copenhagen.
ESG Dive: The fourth edition of Accenture’s “Destination Net Zero” report found that 45% of G2000 companies are off-track for net-zero and still have increasing emissions.
Funds Europe: Hedge funds are ramping up spending on risk management as concerns over regulatory pressures and transparency grow, according to research by fintech firm Beacon Platform Inc.
ESG Today: Companies globally are only incrementally improving the quality of their climate-related disclosures, with only around a third referencing climate-related financial impact on their financial statements, and nearly sixty percent not yet disclosing transition plans, according to a new study released by global professional services firm EY.
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