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ESG News: The International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) have introduced integrated standards to strengthen sustainability reporting and assurance practices.
Yahoo News: Money flowing into global sustainable funds shrank by half in 2024 and in Europe closures of such funds outpaced new launches, as anti-ESG sentiment and subpar returns dulled the appeal of the investment strategy, Morningstar Sustainalytics said.
Yahoo Finance: BNP Paribas is rethinking sustainable finance to focus on profitable deals and on redefining what it considers sustainable, a senior executive said, as it became the latest bank to distance itself from the ESG label.
ESG Today: A majority of people globally believe that their companies are not doing enough to address climate change and sustainability, and many are taking or considering climate change-related significant lifestyle changes in areas affecting consumption, living location and work choices, according to a new survey released by global professional services firm Deloitte.
MSN: A fifth of private deals in 2024 had some sustainability element, UBS' EMEA president told delegates at the World Economic Forum in Davos. "In the private space around 20% of all deals we have seen in 2024 are some how connected to sustainability in one way or another," said Beatriz Martin Jimenez, who is also sustainability and impact lead for the UBS' executive board.
ESG News: A recent CDP Corporate Health Check reveals that 80% of companies on track to meet climate targets now tie executive pay to achieving these goals, underscoring the importance of governance and strategic action in driving environmental progress.
Portfolio Adviser: The outlook for global risk is “bleak” in the near and long term, with environmental concerns accounting for half of the top 10 risks over the long term in the 20th Global Risks Report published by the World Economic Forum.
ESG Today: World Bank Group member the International Finance Corporation (IFC) announced that it has raised $2 billion in a new social bond offering, with proceeds aimed at funding projects supporting low-income communities in emerging markets.
BNN Bloomberg: The exodus of Wall Street’s biggest firms from prominent climate groups has been greeted with triumphant cheers from Republicans in the US who accuse such coalitions of colluding to boycott the fossil-fuel industry. It could prove to be a hollow victory, though.
Legal Dive: There’s an anti-ESG movement in the United States but the larger trend is for more, not less, accountability for companies that try to push growth at the expense of these non-business values, according to the report.
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