ESG Today: Deutsche Bank announced that it has raised €500 million through its first-ever social bond offering, with proceeds aimed at supporting the bank’s sustainable asset pool which provides financing for areas including affordable housing, and access to essential services for elderly or vulnerable people.
Institutional Investor: In the often dogmatic debate over whether using environmental, social, and governance factors helps or hurts investment returns, neither side is going to cheer the findings of a recent Preqin report: ESG didn’t matter.
GreenBiz: According to the newly released Sustainability Leaders 2024 Survey, one-third of sustainability experts point to legislative action as the most significant positive development related to the sustainability agenda in the last year.
XM: Major Chinese asset managers have trillions of dollars invested in fossil fuels with no plans for a phase out, a new Greenpeace report said.
ESG Today: Brookfield Asset Management (BAM) and UAE-backed climate investment platform ALTÉRRA announced the launch of the Catalytic Transition Fund, aimed at directing capital into clean energy and transition assets in underserved emerging economies.
ETF Stream: BlackRock has unveiled a five-strong climate transition ETF range. The ETFs aim to ‘provide access to companies leading in the transition to a low carbon economy.’
BNN Bloomberg: UBS Group AG just held its first-ever conference dedicated to the ESG theme of biodiversity, signaling its ambitions to grow in a business area that Credit Suisse had targeted for expansion before its collapse.
Portfolio Advisor: Despite looming regulatory deadlines to report on ESG, just 29% of companies feel ready to have their ESG data independently verified, up only a fraction from nine months ago, according to research from KPMG.
Funds Europe: BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco, and Storebrand Asset Management have issued a joint statement calling on ESG data providers to enhance their data offerings on ocean-related risks and opportunities at the project and issuer level.
Funds Europe: Despite speculation and allegations of greenwashing or ESG fatigue among investment companies, most firms remain keen to improve their sustainability efforts, according to a survey.
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