6th April 2020
S&P500 ESR 2,250.18-1.62%

News Feed

Coronavirus Will Realign Investors’ Priorities

The deadly virus is a stress test, of sorts, for the challenges of climate change, says Market Watch. The crisis points to the potential of a new normal that’s better for our climate future as investors reweight their portfolios in light of current events.

AI and its Influence on ESG Data

A new report from Greenbiz and Trucost evaluates the fivefold growth in corporate sustainability reporting over the past decade, and looks at how automation and artificial intelligence are being leveraged to both generate and evaluate ESG data.

BlackRock Commits $50bn to COVID-19 Relief Efforts

The first tranche of US$18 million in funding has been deployed to food banks and community organisations across America and Europe working directly with vulnerable populations. In Asia since January, BlackRock has provided support to Give2Asia, where its funding earlier this year supported the Wuhan Jinyintan Hospital.

BlackRock Releases 2020 Stewardship Priorities

BlackRock has released its Engagement Priorities for 2020 outlining its roadmap for investment stewardship this year. The Priorities also further BlackRock’s commitment in January to make sustainability its new standard for investing.

The coronavirus outbreak is terrible news for climate change

It appears increasingly likely that the global coronavirus outbreak will cut greenhouse-gas emissions this year, as deepening public health concerns ground planes and squeeze international trade. But, warns Technology Review, the situation could complicate the challenges of climate change at a point when it was crucial to make rapid strides.

Aussie super funds get heat over climate change stance

The bushfires that devastated huge swaths of Australia over the past six months have left the engagement policies at the center of the superannuation industry's efforts to address climate change risks under growing scrutiny, says Pensions & Investments.

MSCI Says ESG Indexes May Eventually Outsize Traditional Indexes

As it currently stands, MSCI has 37 ESG-related gauges versus 1,000 for traditional stock and bond indexes, but expect that disparity to change over time. Remy Briand, head of ESG at MSCI, expects assets under management following the company’s ESG gauges will likely double in 2020, according to a Bloomberg Green report.

FCA announces proposals to improve climate-related disclosures by listed companies

The new rule will require all commercial companies with a premium listing to either make climate related disclosures consistent with the approach set out by the Taskforce on Climate-related Financial Disclosures (TCFD) or explain why not. The FCA will consider consulting on extending this rule to a wider scope of issuers.

UBS AM’s ESG ETF range passes €10bn mark

UBS Asset Management has seen its sustainable ETF range pass €10bn assets under management (AUM), a sign of the increasing demand for ESG products, says ETF Stream. The firm launched its first ETF with an ESG tilt in 2011, the UBS ETF MSCI World Socially Responsible ETF (WSRUSA) which became the first ESG ETF listed in Europe to pass the €1bn barrier last July.

Critical Resource, ERM join to tackle ESG risks

London-based Critical Resource and global sustainability consulting firm Environmental Resources Management ERM, have joined up in a deal that is a significant development in terms of the market for ESG and sustainability consulting services, says Mining.com.

ESG Funds Might Soon Have to Prove to SEC They’re Actually ESG

The US Securities and Exchange Commission wants to know whether money managers are engaging in false advertising by saying funds are devoted to doing good when the reality is much murkier, reports Bloomberg.

BNP Paribas emits governance-centered ESG index

By focusing on the G, the Governance part of ESG, French asset manager BNP Paribas has issued an index-tracker certificate, which selects companies based on their G-force, says Investment Europe.

New research highlights strong correlation between ESG factors and developed markets sovereign spreads

A new Federated Hermes study conducted with Beyond Ratings, ‘Pricing ESG risk in sovereign credit, part II’, reveals a meaningful relationship between sovereign ESG scores and CDS spreads in developed markets, according to Institutional Asset Manager.

BlackRock expands iShares ESG ETF range

BlackRock has expanded its range of sustainable exchange traded funds (ETFs) with three new products for investors looking to manage long term risks relating to ESG factors, reports Investment Europe.

Ping An Insurance to stop financing high pollution industries

Ping An Insurance Group has become the first major Chinese asset owner this year to openly declare that it will stop financing high pollution and high energy consumption industries as part of its efforts to combat climate change and become an active global influencer in the ESG space, according to The Asset.

World Economic Forum Releases Framework to Help Business Identify ESG Factors for Long-Term Resilience

ESG factors with financial impact on a company can change over time; identifying these factors before they arise is important for...

Over 80% of Companies Remain Off Track for a 2˚C World

The Transition Pathway Initiative’s annual State of Transition report assesses 238 energy, industrial and transport companies on their projected emissions intensity or ‘Carbon Performance’....

Matrix IDM Incorporates ESG Data

Matrix IDM, a solution provider to asset owners and managers, today announces the latest release includes as standard the ability to...

Norwegian Pension Fund Manager Calls for Improved ESG Disclosure

A report from Norges Bank Investment Management – manager of the €1 trillion Government Pension Fund of Norway – has called...

Eurex Enables global ESG Investing with MSCI Indices

Following the worldwide trend towards responsible investing, Europe's largest futures and options market has expanded its ESG segment to markets outside...

Wells Fargo Asset Management Launches Municipal Sustainability Fund

Wells Fargo Asset Management (WFAM) this week launched the Wells Fargo Municipal Sustainability Fund, the latest innovation in its bid to...

INSIGHT: Get ready for the EU Green Taxonomy with Impact Cubed’s Arleta Majoch

“Sustainability creates the opportunity for a lot of beautiful storytelling – imperfect as the taxonomy may be, it addresses a real need...

EIB Partners with UNEP on Climate and Environment

The European Investment Bank (EIB) and the United Nations Environment Programme (UNEP) have joined forces to deepen their cooperation to enhance...

Rio Tinto Pledges US$1 billion to Climate Change Targets

Rio Tinto, one of the world's largest metals and mining corporations, this week announced plans to invest around US$1 billion over...

UK Investors to Increase Socially Responsible Investment Exposure

Almost half of UK investors (48%) expect to increase their environmental, social and governance (ESG) investments over the next three years,...

Bain Ups ESG Game With EcoVadis Acquisition

Boston-based consulting giant Bain & Company entered the ESG race this week with a minority acquisition in EcoVadis, a provider of business sustainability...

ESG Integration: How Fiduciary Managers Stack Up

Pension schemes are now legally required to document their approach towards managing material non-financial risks - and from October 2020 will...

ESG A New Growth Frontier for Global Asset Managers, Says Moody’s

The rise in ESG investing reflects a shifting consumer preference that has the potential to drive exponential and enduring growth in...

Fitch Ratings: German 2030 Climate Package May Become Green Law Blueprint

Fitch Ratings suggests that the German Federal Government's sweeping package of climate policy reforms could become the blueprint for an intermediate...

The Road to Glasgow: COP26 Private Finance Agenda Launches in London

The Governor of the Bank of England, Mark Carney, launched the COP26 Private Finance Agenda at the Guildhall in London today...

Invesco Launches First Sterling Corporate Bond ESG ETF

Invesco has launched the first sterling corporate bond ETF in Europe that incorporates environmental, social and governance (ESG) criteria. In 2019,...

INSIGHT: How Blockchain Can Maximise the Potential of ESG Initiatives

JUAN MIGUEL PEREZ, CEO and Co-founder of Finboot, discusses how blockchain can support corporate sustainability by providing traceability to measure...

In Other News…

Welcome to your round-up for February 17-23, bringing you the top picks from the ‘best of the rest’ – the key...

Landmark Research Raises Serious Concerns Around Sustainability Reporting

New research released this week from the  Alliance for Corporate Transparency finds thatthe poor quality and comparability of corporate disclosures...

European Commission Launches NFRD Review on Sustainable Reporting

The European Commission has launched a public consultation on the the review of the Non-Financial Reporting Directive (NFRD), which requires large firms...

Greencoat Capital Banks £227m for New Renewable Energy Vehicle

Greencoat Capital, one of the largest specialist investment managers in Europe, this week launched a new closed-ended private markets fund,...

LPP Partners with Robeco on Global Equities Portfolio Engagement

Local Pensions Partnership (LPP), one of the UK's eight Local Government Pension Scheme asset pools, has selected Dutch asset manager Robeco...

Malaysia Drives Forward Corporate Governance Agenda

Global Compact Network Malaysia, the local network of the United Nations Global Compact, has joined forces with Capital Markets Malaysia to...

UK’s Biggest Pension Scheme Calls Out Barclays on Fossil Fuels

Nest, the UK government's publicly-owned pension scheme with 8.5 million members and over £10 billion assets under management, has joined a...

Nordic Investors Go Nuts For Impact Strategies, Marking Shift Away From Exclusionary Investment

Nearly half of Nordic institutional investors now invest in impact strategies, according to new research from NN Investment Partners (NN IP), the €276 billion stand-alone asset manager of NN Group,...

 

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