esg
- Finance
BNY Mellon fined by SEC over ESG claims
The Securities and Exchange Commission fined the investment management arm of Bank of New York Mellon $1.5m for misleading claims it made…
Read More » - Banking
Stock Spotlight: Amazon’s future growth pinned to worker rights war
The AGM, which takes place on 25 May, includes resolutions on a 20-1 stock split and one requesting the board…
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Industry asks ‘what sort of culture HSBC is breeding’ in wake of Stuart Kirk suspension
In the days following Kirk’s ‘Miami’ speech, in which he questioned who would care if the city wound up six…
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HSBC suspends Stuart Kirk over climate change ‘hyperbole’ speech – reports
According to the FT, Kirk was suspended over the weekend pending an internal investigation, although HSBC has declined to comment.…
Read More » - Banking
Natixis IM expands asset and wealth management committee
They will join Tim Ryan, head of asset and wealth management, and the other six members of the committee, which…
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Industry Voice: Biodiversity loss – The other systemic crisis
Biodiversity loss is a subject that rarely captures the public’s attention, bar the occasional nature documentary or headline. Yet, the…
Read More » - Market
Tesla Is Being Booted From The ESG Index
Getty Images Key Takeaways Tesla was removed from the S&P 500 ESG Index Exxon is a leading company in the…
Read More » - Banking
HSBC AM’s ‘head of irresponsible investment’ condemned over climate speech
In the speech, Kirk questioned whether the impacts of climate change mattered and bemoaned the “amount of work these people…
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HSBC AM global head of responsible investing: ‘Who cares if Miami is six metres under water in 100 years?’
Speaking at a Financial Times Moral Money event yesterday (19 May), Kirk compared the climate crisis to the Y2K bug,…
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Fund firms defend Tesla holdings following ousting from S&P ESG index
In a blog post published on 17 May, S&P head of ESG indices for North America Margaret Dorn said Tesla…
Read More » - Banking
How the financial industry can help stop modern slavery
Yet the financial industry is largely ignorant of the problem. Asset managers have an important role to play in challenging…
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T. Rowe Price names Poppy Allonby ESG head
Allonby will join the firm’s ESG leadership committee and oversee its corporate ESG positioning, global ESG product range, regulatory engagement…
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Aviva Investors appoints new head for sustainable outcomes
In his new role, Tripuraneni will oversee the firm’s stewardship and sustainable outcomes franchises, encompassing the climate transition, social transition…
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UK ‘green’ funds to raise global temperature three times beyond 1.5°C target
‘Green’ funds too are contributing to the climate crisis, pushing temperature rises past 3°C, according to Clim8. Yet two thirds…
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Nuclear and green hydrogen investment can support swift energy transition
The war in Ukraine has prompted a much-needed rethink of the continent’s energy imports, including its dependence on oil and…
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Tesla booted from S&P ESG index
In a 17 May blog post on the S&P website posted by Margaret Dorn, head of ESG indices for North…
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FundCalibre launches ESG assessment tool to tackle greenwashing
Its three-pronged ESG ranking system – Explicit, Integrated and Limited – seeks to ascertain just how responsible an investment fund…
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Capital Group: Global investors favour active funds as concerns mount over ‘S’ issues
The report, which surveyed the responses of 1,130 institutional and wholesale investors, including pension funds, insurance companies, fund of funds…
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Climate voting policies: Will other asset managers follow BlackRock’s lead?
In fact, the two largest asset managers, BlackRock and Vanguard, dramatically increased their votes in favour, which Climate Action 100…
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Schroders’ hunt for climate experts shows newest front in ESG talent war
Asset managers are on the hunt for experts who can help them meet their ambitious net-zero emissions targets — and are willing…
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Evenlode establishes philanthropic foundation
The Evenlode Foundation engages with charities and companies that are working towards addressing global challenges, including climate change, poverty, inequality,…
Read More » - Finance
Goldman Sachs reports fewer Black leaders in US offices
The number of senior Black employees at Goldman Sachs in the US shrunk last year, as large investment banks face challenges to…
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Regulators must tackle ‘severe risk’ of greenwashing, IOSCO says
The secretary general of the International Organisation of Securities Commissions, Martin Moloney, said regulators must tackle rising concerns of greenwashing. “It’s…
Read More » - Banking
Partner insight: Fossil fuel assets must be transitioned rather than sold into private hands
Neither excluding difficult assets from a portfolio or divesting carbon intensive divisions or businesses are an effective way to achieve…
Read More » - Market
The Hidden Power Of ESG – Part 2 Of 3-Part Series: Interview With The Former Finance Minister Of Ukraine
Ukrainian citizens fleeing the war arrive at the border in eastern Poland on February 27, 2022 … [+] (Photo by…
Read More » - Banking
Fiona Frick: Incorporating climate transition into capital market assumptions
First, the Ukraine war, which has highlighted the importance of freeing ourselves from energy dependence on Russia, which currently accounts…
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Principal launches Article 9 sustainable infrastructure fund
Classified as an ESG-led Article 9 fund under the Sustainable Finance Disclosure Regulation (SFDR), it will invest in listed infrastructure…
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RLAM slams Shell climate plan and pledges to abstain on vote
RLAM stated that “it cannot support the plan as it currently stands,” in part due to an overdependence on nature…
Read More » - Market
The Hidden Power Of ESG – Part 1 Of 3-Part Series: Interview With The Former Finance Minister Of Ukraine
A summit of European Union (EU) leaders and focusing on globalisation and migration in 2017 in … [+] Brussels. (Photo…
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Asset managers with £6.5tn sign up to tackle diversity greenwashing
Schroders, Legal & General Investment Management and Aviva Investors are among 15 asset managers that have signed up to a…
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FCA warns greenwashing risks trust in $1bn carbon market as firms race to net zero
The City watchdog warns that greenwashing could damage trust needed to offset carbon in the race to net zero. At…
Read More » - Banking
Vietnam: the ESG investment case
Vietnam is one of the countries most vulnerable to climate change. Increases in annual maximum and minimum temperatures are expected…
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What Charlie and the Chocolate Factory can teach us about the next stage of growth
Since the industrial revolution, the dominant mindset has been on infinite growth via the consumption of the same resources which…
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Elliott’s London staff set for more responsibility as hedge fund shuts last Asia office
High-profile activist investor Elliott Management is shutting up shop in Asia, according to reports, as the hedge fund’s London office prepares…
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Ministers push back plans for UK environmental disclosures – reports
The Sustainability Disclosure Requirements were going to be included in the Financial Service and Markets Bill that was announced on…
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AGM season: Silence on key issues should be a trigger for action
For stakeholders, it is an opportunity to explore how these companies are conducting themselves and, in some cases, question management…
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Are NAV increases on renewable infrastructure trusts here to stay?
The trust, and a number of its peers, are sitting on double digit premiums as they benefit from, among other…
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BlackRock set to vote against more climate resolutions
The world’s largest asset manager, with about $10bn in assets, has built an image as presenting itself as a pioneer…
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Nomura: Why sustainable investing does not have to mean growth
Recent Morningstar data reveals that 85% of SFDR Article 9 Global Equity funds have some degree of ‘Growth’ bias. We…
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Planet Tracker: Proxy voters ignoring environmental concerns
Planet Tracker found that despite an 80% increase in proposals submitted in annual shareholder meetings over last decade, environmental &…
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MGIM launches UK global sustainable equity fund
The Momentum GF Global Sustainable Equity fund is designed to meet demand for long-term sustainable capital growth and is particularly…
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Redwheel hires abrdn’s Kelly as head of thematic sustainability research
Kelly, who was previously deputy head of abrdn Research Institute, will build a new specialist team for the firm, which…
Read More » - Finance
Are defence stocks ESG? Fund managers are divided
The brutal war being fought in Ukraine has thrown up a dilemma for the world’s fund managers: whether or not defence…
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BP, Shell shareholders warn against ‘meddling’ windfall tax
Bumper profits at Shell and BP have reignited calls for a windfall tax on oil giants to combat soaring energy…
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Eurazeo CEO Virginie Morgon on why she’s pulling ‘all the levers’ on ESG
From the top floor of private equity firm Eurazeo’s headquarters, discreetly tucked away in the chic 17th arrondissement in the…
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Diversity ‘greenwash’ leads to new corporate culture standard from City Hive
ACT, standing for ‘Action, Challenge, and Transparency’, has been developed as a tool to diminish ‘greenwashing’, or reducing D&I to…
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Rathbone Greenbank creates new stewardship and engagement role
Lawrence, who was previously senior ethical, sustainable and impact researcher at Greenbank, will continue to report to Kate Elliot, head…
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Creating a framework for sustainable investment in social housing
Financial markets can clearly see the potential in social housing providers as an asset class. This is particularly in light…
Read More » - Finance
UBS hires dealmaking duo for new London ESG team
UBS has hired a pair of dealmakers for its team of bankers working on ESG-related transactions, as firms scramble for…
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LGIM piles pressure on boardroom diversity and pay
Legal & General Investment Management, the UK’s largest fund management group, ramped up its opposition to companies falling short on…
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