esg
- Banking
Jenson Funding Partners launches £60m green early-stage fund
The £60m fund named Aurora I is set to be deployed in mid-2023 and will be managed by Jenson partner…
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‘The great reclassification’ strikes Article 9 funds as second SFDR phase approaches
The question has been raised following the recent spate of reclassifications, although the onus will be on fund providers to…
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DWS expands Xtrackers range with emerging market ETF
The Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF provides exposure to emerging markets equities. It also follows…
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LSE’s voluntary carbon market makes debut listing
Launched back in October, the London Stock Exchange’s voluntary carbon market has listed its first fund. Foresight Sustainable Forestry, an…
Read More » - Business
Shein admits factory working hour breaches and pledges £12m to overhaul sites
C hinese fashion retailer Shein has vowed to invest 15 million US dollars (£12.2 million) in improving standards at its…
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P&G faces shareholder rebellion over deforestation debate
In 2020, a shareholder proposal demanding P&G evaluate how it can eliminate deforestation and primary forest degradation from its supply…
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Janus Henderson poaches chief responsibility officer from AllianceBernstein
Effective from 9 January 2023, Dunstan will drive the integration of appropriate sustainable practices across the firm, working closely with…
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First Sentier Investors makes multiple responsible investment hires
Kate Turner will be the firm’s new global head of responsible investment, replacing Will Oulton, who is retiring from the…
Read More » - Finance
Asset managers face divided regulation over ESG investing
The political divide over the role that environmental, social and governance factors should play in state pension investments stands to…
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Three for 2023: A checklist for the index industry
It has created a window of opportunity for creators of global market benchmarks who sit at the crossroads of active…
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Deep Dive: Renewables key to ‘plug the chasm’ in energy transition
Speaking to Investment Week, Nitesh Shah, head of commodities and macroeconomic research for Europe at WisdomTree, argued the gap between…
Read More » - Business
‘Truly abysmal’ performance of ‘green’ and ‘ethical’ City funds
M ost City funds that pledge to invest only in green or “ethical” shares are massively underwater this year, the…
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SEC fines Goldman Sachs AM $4m over lax ESG policies
The settlement, which involves two mutual funds and one separately managed account strategy, argued that GSAM had “several policies and…
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Man Group launches firm’s first systematic Article 9 fund
TargetClimate is Man AHL’s first Article 9 fund under SFDR and Man Group’s first systematic Article 9 strategy. The fund…
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Invesco strengthens ESG criteria for corporate bond and emerging markets ETFs
Effective from 30 November, the firm will update the investment policy of the Invesco GBP Corporate Bond ESG UCITS ETF,…
Read More » - Market
DOL’s New ESG Rule ‘Unremarkable’
AFP via Getty Images Two days before Thanksgiving, on November 22, 2022, the Department of Labor (“DOL”) released its much…
Read More » - Finance
Demand for office space with green credentials drives City’s refurb boom
Demand for buildings with better green credentials is one of the driving forces of a refurbishment boom in the City.…
Read More » - Market
Clean Tech Year In Review – Key Takeaways From A Challenging Year In The Market
As the year draws to a close, let’s look at what 2022 has brought for clean tech. By looking at…
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Aviva Investors and LGIM back cost of living support campaign
The fund groups are among 16 investors with £3.2trn in assets under management that have responded to a call to…
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Pensions for Purpose’s Charlotte O’Leary: Can white, male, over-50 trustees represent a fund’s youngest members?
Charlotte O’Leary was fed up — she’d spent over a decade at large asset management firms and investment consultants. She was…
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‘Our planet is still in the emergency room’: All the reaction to the COP27 deal
In the early hours of Sunday morning the COP27 Climate Summit closed with a deal that has been simultaneously hailed…
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FCA group to develop code of conduct for ESG data and ratings providers
An increasing reliance on third-party ESG data and ratings services necessitates greater regulatory oversight of these providers, the regulator said,…
Read More » - Finance
ESG indices jump 50% but new investors are still unsure
ESG futures indices are booming, but many new investors are still not confident enough to back them. CME Group’s global head…
Read More » - Finance
Schroders’ Kimberley Lewis: ‘There is some discomfort talking about race in the UK’
Asset management was not my first career choice. I started my working life as a lawyer in the US, where…
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ESG firm raises eyebrows for ranking collapsed crypto giant FTX higher on governance than Exxon Mobil
AI-driven ESG ratings firm Truvalue Labs has defended its methodology after awarding collapsed crypto giant FTX a higher score for…
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ESMA to introduce rules on ESG fund names to tackle greenwashing
The EU’s financial markets regulator is seeking stakeholder feedback by February next year on the introduction of quantitative thresholds for…
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Morgan Stanley plans to reduce one gigaton in carbon-dioxide emissions by 2050
Morgan Stanley has formed a new growth-capital strategy that aims to invest $1bn to back companies that will seek to…
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abrdn’s Iain Pyle: I do not believe in sitting on ESG sidelines
Iain Pyle, who has headed up the UK and European equities team at abrdn since 2015 and manages the UK…
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abrdn’s Iain Pyle: I don’t believe in sitting on ESG sidelines
Iain Pyle, who has headed up the UK and European equities team at abrdn since 2015 and manages the UK…
Read More » - Finance
JPMorgan, Credit Suisse among banks falling short on net-zero targets, charity says
Heavyweights in the Net Zero Banking Alliance including JPMorgan and Credit Suisse have set inadequate decarbonisation targets to meet net…
Read More » - Finance
Ninety One sustainability boss: Divesting from oil and coal doesn’t work
Divesting from heavy polluting companies may look good on paper and appease ESG-diehards, but has minimal impact on reducing emissions and…
Read More » - Finance
Ex-BlackRock executive says ESG investment model is broken
Terrence Keeley had been at BlackRock for about a decade when he reached a contrarian conclusion: ESG doesn’t work. Keeley spent much…
Read More » - Banking
Vanguard expands ESG range with two credit ETFs
The ESG EUR Corporate Bond UCITS ETF tracks the Bloomberg MSCI EUR Corporate Liquid Bond Screened index and will be…
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HSBC AM downgrades seven Article 9 Paris-aligned ETFs
In a notice to shareholders, the firm said that it was “in the best interests of investors” for the label…
Read More » - Finance
FCA crackdown on greenwashing: ‘A matter of when, not if’
A Financial Conduct Authority crackdown on greenwashing among UK asset managers is “a matter of when, not if,” a partner…
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ESG managers: Poor data dogs strong investor demand
The Russell Investments’ eighth-annual ESG Manager Survey spoke to 236 asset managers, where around 30% have less than $10bn in…
Read More » - Market
World’s Largest Floating Wind Farm Powers Up
ANP/AFP via Getty Images Key takeaways On Monday, Norwegian energy firm Equinor reported its offshore floating wind farm Hywind Tampen…
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Scottish Power: Windfall tax could pull plug on green investment
Chief Keith Anderson told The Times if renewable power generators like Scottish Power faced a levy similar or harsher than…
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Changing the approach to ESG regulation after Brexit
ESG has taken the spotlight over the past couple of years due to climate change concerns. In 2021 alone, there…
Read More » - Finance
HSBC sustainability ads were ‘misleading’, UK watchdog rules
The UK advertising watchdog has banned several HSBC promotions for overstating the bank’s green credentials. The Advertising Standards Authority determined that two…
Read More » - Market
Municipal Bonds And ESG: All Hat, No Cattle
Houston skyline (Photo by Scott Halleran/Getty Images) Getty Images Houston, we have an ESG problem. Or do we? From an…
Read More » - Finance
Fund industry weighs up ESG under Rishi Sunak: ‘It’s clear he has a cost-cutting agenda’
Asset managers are expecting Prime Minister Rishi Sunak to rise above the low bar set by his short-lived predecessor Liz…
Read More » - Banking
First Sentier Investors becomes certified B Corp
B Corp certified companies are for-profit organisations that show evidence of a commitment to building a more inclusive and sustainable…
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Fifty-eight UK investment firms join B Corp ranks
B Lab UK, part of a global non-profit network, announced today (14 November) that it had reached over 1,000 certified…
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58 UK investment firms join B Corp ranks
B Lab UK, part of a global non-profit network, announced today (14 November) that it had reached over 1,000 certified…
Read More » - Banking
33 UK investment firms join B Corp ranks
B Lab UK, part of a global non-profit network, announced today (14 November) that it had reached over 1,000 certified…
Read More » - Finance
FCA targets asset managers as ESG funds review kicks off
The Financial Conduct Authority is probing how asset managers have implemented the regulator’s ESG principles — a move that could eventually lead to…
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Industry Voice Video: Stewardship – investing in ESG leaders
Stewardship investing focuses on companies that balance the interests of people, the planet and profits. In this video, Equity Portfolio…
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FCA labelling on ESG threatens to show up EU framework
The Financial Conduct Authority’s incoming ESG rules, which include green labels for UK funds, risk outshining the European Union’s sustainable disclosure…
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Deutsche Bank sets net zero targets to clean up €250bn corporate loan book
Deutsche Bank has set explicit targets to reduce its carbon footprint over the next thirty years, as rival investment banks show…
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