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ESG Newsletter

    Morgan Stanley Adjusts Climate Targets With Paris Agreement Goal Slipping

    2024-10-30

    Yahoo Finance: Morgan Stanley’s update also adjusted existing 2030 targets for the power, energy and auto manufacturing sectors and set new targets for the aviation, chemicals and mining sectors. The bank said its current goals “reflect [the bank’s] best efforts at this point in time.”

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    BlackRock, Vanguard Stakes in Banks Draw Labor Union Critics

    2024-10-30

    BNN Bloomberg: Consumer advocacy groups and labor unions are lining up to support plans by the FDIC to step up scrutiny of stakes in US banks held by money managers such as BlackRock Inc. and Vanguard Group Inc., citing the danger of too much concentration.

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    Wall Street Bankers Doing ESG Debt Swaps Get New Deals Pipeline

    2024-10-30

    Yahoo Finance: An emerging ESG debt market that’s been embraced by bankers at JPMorgan Chase & Co. and Bank of America Corp. is about to see its pipeline get a meaningful boost, thanks to an agreement struck in Colombia.

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    MSCI Appoints Richard Mattison to Lead ESG and Climate Business

    2024-10-25

    ESG News: MSCI Inc. has appointed Dr. Richard Mattison as Head of ESG and Climate, starting October 29. Mattison, who brings extensive experience in sustainable finance, will be responsible for advancing MSCI’s ESG and Climate product strategy and development.

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    Hundreds of ESG Funds Are Being Wound Down, Morningstar Says

    2024-10-24

    BNN Bloomberg: Asset managers in Europe and the US have spent 2024 winding down hundreds of ESG funds, as the investment strategy continues to bump up against regulatory headwinds.

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    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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