Reuters: Royal Bank of Canada released interim 2030 targets to cut carbon emissions linked to some of its loans, yet drew criticism from environmental campaigners for not going far enough.
Funds Europe: A third, or 33%, of investment required to meet net zero targets must be spent in the EU and US combined, according to BNY Mellon Investment Management (BNYMIM) research.
Financial Post: The strategy started gaining real attention in May after former Vice President Mike Pence criticized investor-activist campaigns aimed at forcing fossil-fuel giant Exxon Mobil Corp. to follow socially conscious investing principles.
CNBC: Robert F. Smith, chairman and CEO at Vista Equity Partners, said investing in businesses and managers that emphasize diversity, equity and inclusion remains vital, especially in a bear market.
Mondaq: When it comes to tackling global challenges, from climate change to population growth, it's not just activists, politicians and scientists who are seeking to bring about urgent action – the financial services industry also has an important role to play.
BNN Bloomberg: The former Microsoft Corp. chief executive officer, along with his wife Connie, are putting money toward a fund-of-funds strategy with Goldman Sachs Group Inc. and Fairview Capital, according to a statement on the Ballmer Group’s website.
BNN Bloomberg: Engine No. 1, the investment firm that scored a victory over Exxon Mobil Corp. last year, has spoken with executives at Coca-Cola Co. about plastics recycling, according to a person with knowledge of the firm.
ESG Clarity: A US activist group affiliated has criticised fund giant Vanguard over the company’s stewardship report, which allegedly falls short of meaningful ESG disclosures.
CSA: The Canadian Securities Administrators (CSA) is actively considering international developments and how they may impact or further inform the proposed climate-related disclosure rule published in October 2021.
Yahoo Finance: A year after California Public Employees’ Retirement System and Carlyle Group Inc. started an effort to collect sustainability data on private equity, 215 investors have joined as they seek to determine how it will shape returns moving forward.
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