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ESG Dive: The Fed, FDIC and OCC said their existing standards require supervised financial institutions to have an effective risk management process in place that is on par with the “size, complexity, and risk of their activities.”
ESG Today: Global private capital investment firm Carlyle’s private equity business unit Carlyle AlpInvest announced the launch of a new co-investment partnership with the California State Teachers’ Retirement System (CalSTRS), one of the largest public pension funds in the U.S., targeting joint investments in climate solutions.
Wealth Professional: With the Trump administration having fuelled a significant pullback in investment in ESG initiatives in the US, which has spilled over into Canadian and other international markets, some would consider that this is a barren land for advisory business.
Financial Post: Billionaire Ray Dalio’s philanthropic arm is backing new research in the Indian Ocean to bolster marine protection after nations pledged to curb exploitation of the deep seas.
ESG Dive: In a year marked by withdrawals from global climate agreements, funding suspensions for clean energy projects and other measures that reverse the United States’ federal climate policy, sustainable investors are trying to find a way forward with Republicans steering both Congress and the White House.
ESG Today: Norges Bank Investment Management (NBIM), the investment manager for Norway’s $1.8 trillion oil fund announced a new agreement with Brookfield Asset Management, committing $1.5 billion to its latest energy transition fund, the Brookfield Global Transition Fund (BGTF II).
Investing.com: Diginex Limited, a sustainability technology provider whose stock has surged nearly 1,500% year-to-date according to InvestingPro data, announced it has secured agreements with Indonesian tech firm PT.
ESG Today: The California Air Resources Board (CARB) released a list of more than 4,000 companies that will be required to comply with the state’s new climate reporting laws, mandating disclosures on climate-related risks and opportunities, and for some companies on value chain greenhouse gas emissions as well.
ESG Dive: Thirty-six percent of large businesses in the U.S. and Europe have aligned their capital expenditures with sustainability goals despite a pullback in the U.S. and other countries from environmental protection efforts including combating climate change, Risilience found in a survey.
The Guardian: The US energy secretary, Chris Wright, announced that his department will return to the treasury billions of dollars set aside for green projects, while dodging questions about affordability and grid reliability and claiming international climate policy has not lowered emissions.
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