.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
BNN Bloomberg: The US stock market has emerged as the most exposed to divestment after the European Union unveiled new rules limiting how freely asset managers can attach ESG labels to their funds.
Business Wire: Nearly 96% of corporate boards expect a continued or stronger focus on ESG over the next five years, with diversity, equity and inclusion (DEI) and climate change topping the list of priorities, according to the new Sustainability in the Spotlight 2024 report from Diligent and Spencer Stuart.
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.
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