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ESG Newsletter

    Mirova Wins Mandate to Manage New €100 Million Biodiversity Fund

    2024-10-22

    ESG Today: Sustainable investing firm Mirova announced that it has been selected to manage “Objectif biodiversité” a new fund launched by a consortium of French institutional investors, targeting investments in businesses transitioning to sustainable business models and in innovative solutions for biodiversity preservation.

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    WisdomTree ESG Funds With Fossil Fuels Draw SEC Penalty

    2024-10-21

    BNN Bloomberg: Advisory firm WisdomTree Asset Management Inc. agreed to pay $4 million to settle US Securities and Exchange Commission allegations that it failed to deliver on its promise to create exchange-traded funds that avoided investments in fossil fuels or tobacco.

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    UBS Bankers Under Pressure From Lawyers to Rethink ESG Labels

    2024-10-21

    Yahoo Finance: UBS Group AG is asking its bankers to rethink the way they discuss some sustainable products in public following advice from its lawyers, according to people familiar with the matter.

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    ClientEarth Files Greenwashing Complaint Against BlackRock Over ‘Sustainable’ Investment Claims

    2024-10-17

    ESG News: ClientEarth, an environmental law organization, has taken legal action against BlackRock, the world’s largest asset management firm, for alleged greenwashing.

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    Morgan Stanley Investment Management and Opportunity Finance Network Announce Annual Contribution Recipient in Support of Affordable Housing Initiatives

    2024-10-17

    Business Wire: Morgan Stanley Investment Management (“MSIM”) and Opportunity Finance Network (“OFN”) announced the deployment of a portion of the second annual contribution related to MSIM’s money market funds’ Impact Class shares. 

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    IFS, PwC Launch Sustainability Reporting Solution

    2024-10-16

    ESG Today: Enterprise software company IFS, in collaboration with professional services provider PwC UK announced the launch of a new Sustainability Management Module on the IFS Cloud platform aimed at supporting companies in complying with the new sustainability reporting requirements.

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    ESG Investing Falls Out of Favour as Two Thirds Say 'Greenwashing' is a Key Concern

    2024-10-16

    MSN: Fewer private investors are considering ESG when making investments, with the number being influenced by this falling for a third consecutive year.

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    99% of Insurers Have Set Climate Transition Goals in their Investment Portfolios: BlackRock Survey

    2024-10-16

    ESG Today: Nearly all insurers have set climate transition-related objectives in their portfolios, including more than half that have set net zero targets, and most report a growing conviction towards investing in the low carbon transition, according to a new survey released by investment giant BlackRock.

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    CFTC Issues Final Voluntary Carbon Market Guidance

    2024-10-15

    ESG Dive: The Commodity Futures Trading Commission published its final guidance for listing carbon credits on voluntary markets in the Federal Register, aiming to shore up the integrity of such credits.

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    Canadian Pension Funds Continue Investing in India Amid Diplomatic Tensions

    2024-10-15

    Business Standard: Despite rising diplomatic tensions between India and Canada, Canadian pension funds have so far remained committed to investing in India. 

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