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ESG Today: Sustainability-focused investment manager Mirova announced that it has reached $282 million in commitments for the Mirova Gigaton Fund, its blended finance debt fund aimed at accelerating the clean energy transition in emerging markets, reaching more than half of the fund’s $500 million target a year after launching.
BNN Bloomberg: Texas Attorney General Ken Paxton barred Barclays Plc from working on municipal-bond deals after his office said the bank didn’t respond to requests for information about its carbon emission commitments.
ESG Clarity: The new strategies – MS INVF Calvert Global Equity Fund, the MS INVF Calvert Global High Yield Bond Fund and the MS INVF Calvert US Equity Fund – all consider ESG factors as part of their investment processes.
Yahoo Finance: For the first time ever, ESG funds suffered net global outflows amid a major exodus by US investors from environmental, social and governance strategies.
ESG Today: HSBC announced the launch of its first Net Zero Transition Plan, outlining the global bank’s strategy to finance and support the transition to net zero, and to meet the climate goals it has set over the past few years.
Yahoo Finance: Exxon Mobil Corp. filed a lawsuit against US and Dutch climate activist investors in an effort to remove what it describes as their “extreme agenda” from the ballot at its annual shareholder meetings.
BNN Bloomberg: Climate alliances backed by Wall Street heavyweights have struck upon a subtle way to blunt increasingly aggressive attacks by the GOP.
Yahoo Finance: The world’s best-performing ESG fund of 2023 was built by Ark Investment Management LLC and powered by a huge bet on crypto. The $2.4 billion Nikko AM Ark Positive Change Innovation Fund (ticker NIPCIPJ LX) returned 68% last year, more than double the gains delivered by the S&P 500.
Funds Europe: Political hostility to US ESG investing has dampened enthusiasm among American asset managers, while European counterparts maintain support for ESG-related shareholder proposals, according to Morningstar.
Yahoo Finance: Texas bars its public pensions from investing in 350 funds run by asset-management giants such as BlackRock Inc. and Invesco Ltd. because a key Republican state official says they “boycott” the oil and gas industries.
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