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ESG Newsletter

    IFRS Foundation Launches Guide to Help Companies Identify, Report Sustainability Risks and Opportunities

    2024-11-19

    ESG Today: The IFRS Foundation announced today the publication of a new guide aimed at helping companies to identify and disclose material information about sustainability-related risks and opportunities that could have an impact on their short- or long-term cash flows, access to finance or cost of capital, and to assess materiality.

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    Trump Threatens ESG Investing That Thrived in His First Term

    2024-11-14

    BNN Bloomberg: When Donald Trump first won the White House in 2016, his victory created one of the all-time best sales pitches for green-minded investment funds: If Washington wasn’t going to push for a transition to cleaner energy to slow climate change, maybe capital markets could.

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    SEC Fines Invesco $17.5 Million for Misleading ESG Investing Claims

    2024-11-11

    ESG Today: The U.S. Securities and Exchange Commission (SEC) announced that it has charged global asset manager Invesco for making misleading claims regarding its ESG-related investments, including overstating the proportion of assets under management that integrated ESG considerations.

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    US Green Bond Sales Near Record High, Reaching $550 Billion: BloombergNEF Report

    2024-11-11

    ESG News: The California Community Choice Financing Authority stands out with $6 billion issued in 2024, boosted notably in recent months. This places the Authority among the top global issuers, ahead of China and Canada.

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    Hedge Funds Pile Into Banks, Dump Green Energy Post US Election, Goldman Sachs Says

    2024-11-11

    US News: Hedge funds snapped up bank stocks at the quickest clip in three years while taking bets against renewable electricity producers last week, a Goldman Sachs note showed, as investors reacted to Donald Trump's win in the U.S. presidential election.

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    Ninety One to Adopt SDR Label for Environment Fund

    2024-11-11

    Funds Europe: Investment manager Ninety One’s Global Environment Fund will adopt the new ‘Sustainability Impact’ label under the UK’s financial regulator—the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) regime—effective December 1, 2024.

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    Companies Boost Social and Climate Reporting Amid ESG Backlash

    2024-11-01

    MSN/Reuters: Many U.S. companies have stepped up reporting on environmental and social matters in recent years even with sustained pressure from conservative politicians, data reviewed by Reuters shows.

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    HSBC Drops CSO From Exec Board, Insists it’s Not Gearing up to Split

    2024-10-31

    ESG Dive: HSBC CEO Georges Elhedery on Tuesday answered the question that had burned at analysts over the week since the bank announced a pending reorganization.

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    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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