ESG Today: Brookfield Asset Management announced today that it has entered into exclusive negotiations to acquire a majority stake in France-based global renewable energy developer at an equity value of €6.1 billion (USD$6.6 billion) from responsible investment company Impala.
Funds Europe: Asset managers have been proactive in launching sustainability-focused products, with growth seen in climate change (+18%) and Paris-aligned (+11%) funds, according to data.
ESG Today: The vast majority of companies view sustainability as a value creation opportunity, with more than three quarters anticipating potential benefits ranging from higher revenues and profitability to lower cost of capital, although many also expect increased sustainability-related costs and a need for significant investment, according to a new survey released by Morgan Stanley.
Funds Europe: US-based Allspring Global Investments has expended its suite of climate transition funds with the addition of a global equity fund.
ESG Today: A significant majority of attorneys expect that the U.S. Securities and Exchange Commission’s (SEC) new climate-related disclosure rule will not survive its legal challenges in its current form, with most expecting the rule to only partially remain intact, or to be overturned entirely, according to a new survey by Bloomberg Law.
XM/Reuters: A federal appeals court dismissed a lawsuit by four Republican-led states that sought to block a US Securities and Exchange Commission rule requiring investment funds to categorize and disclose their proxy votes on issues including environmental, social and governance (ESG) matters.
XM/Reuters: U.S. banks face significant data and modeling challenges in predicting the impact of climate change on their loan books, the Federal Reserve said after its first analysis on the issue.
Yahoo Finance: The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to an independent report released that raises questions about the future of the banking regulator's leadership.
ESG Today: Sustainability and climate issues are moving back into focus for senior executives globally, with more than half of CEOs reporting that sustainability is a higher priority now than it was a year ago, and decarbonization found to be the top long-term strategic priority for CEOs, according to a new survey released by global professional services firm EY.
Yahoo Finance: Barclays is being added to the list of financial institutions restricted from contracts with the state of Oklahoma, the state’s treasurer, Todd Russ announced.
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