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ESG Newsletter

    Quebec is Improving Representation of Women in Investment Funds Industry

    2023-11-16

    Wealth Professional: The Capital femmes analysis by Réseau Capital reveals that 65% of the surveyed investment firms include at least one woman partner and women partners make up 25% of all the partners in investment firms. The data is cumulative between 2010 and 2022.

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    ESG Veteran Says Purge Has Further to Go With ETFs Next in Line

    2023-11-09

    BNN Bloomberg: According to James Penny, the chief investment officer of TAM Asset Management and a veteran of ESG investing, the dramatic selloff that’s torn through green stocks may soon morph into a “slow burn” that could last several more years.

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    Dimon Urges Texas to Keep Pro-Business Stance Amid Anti-ESG Laws

    2023-11-01

    BNN Bloomberg: Jamie Dimon said Texas risks undermining its business-friendly reputation with laws designed to punish Wall Street banks for policies that limit work with the gun and fossil fuel industries.

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    Franklin Templeton Launches Two Green Bond ETFs

    2023-10-31

    ESG Clarity: Franklin Templeton has launched three active fixed income ETFs, which includes two sustainable green bond funds. The Franklin Sustainable Euro Green Sovereign, Franklin Sustainable Euro Green Corp 1-5 Year and Franklin Euro IG Corporate are all Ucits offerings.

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    ESG Fund Closures in US Outpace Launches for First Time Since 2020 - Morningstar

    2023-10-23

    US News: Money managers in the United States have closed funds with sustainability mandates faster than they opened new ones over the past three months as investor appetite waned for the asset class overall, data firm Morningstar said.

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    Russell Investments’ 2023 ESG Manager Survey: ESG Factors Increasingly Drive Investment Decision-Making

    2023-10-23

    Business Wire: Russell Investments has released results from its ninth-annual ESG Manager Survey, which offers valuable insights into the evolving landscape of ESG practices within the investment management industry. 

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    Enel Seen Missing Key Target Linked to $11 Billion of ESG Bonds

    2023-10-20

    BNN Bloomberg: The market for sustainability-linked bonds, which is worth more than $250 billion, looks set to witness a rare trigger event as its biggest issuer appears on track to miss a key target tied to the debt.

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    Morgan Stanley Locked In Secret London Court Battle To Seize Russian Oil Firm

    2023-10-18

    City AM:The Wall Street Bank is looking to take a majority stake in Cypriot-registered Russian drilling firm, Southern Oil Company (UNK), after UNK’s parent firm, Astrakhan Oil Corporation (AOC), which is also registered in Cyprus, fell behind on payments for a $73m loan. 

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    Top House Republican Demands SEC Turn Over Documents on ESG

    2023-10-12

    BNN Bloomberg: A top House Republican is threatening to subpoena the Securities and Exchange Commission for any documents about US involvement in crafting European Union environmental, social and governance regulations that GOP lawmakers say harm American businesses.

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    Goldman Executive Has ESG Strategy to Dodge Hedge Fund Attacks

    2023-10-11

    BNN Bloomberg: As short sellers target traditional green stocks being hammered by inflation, an executive at the fund management arm of Goldman Sachs Group Inc. says there’s one kind of ESG asset that has what it takes to defy such headwinds.

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