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The Securities and Exchange Commission (SEC) ESG rules could be out this fall, before presidential election campaigning gets underway, according to Jerome Devillers, partner, energy and infra and ESG practices leader at Mazars. Speaking to ESG Clarity US about the long-awaited regulation, Devillers said disagreement about what should be included was causing the holdup, but that many financial advisers … Read more
Sustainable Finance Disclosure Regulation (SFDR) reclassifications dropped by 80% during the second quarter of 2023, according to analysis from Bloomberg Intelligence (BI). A report from BI analysis 25,000 SFDR funds found the total number of reclassifications in Q2 dropped sharply to 194 funds from 945 in Q1, only 20% of the reclassifications seen in Q1. … Read more
Inflows into global sustainable funds continued to slow in the second quarter of 2023, but this compared to marked outflows in the conventional universe amid a challenging market backdrop, according to Morningstar. In the Global Sustainable Fund Flows: Q2 2023 in Review, Morningstar said global sustainable funds attracted $18bn in net new money during the … Read more
Despite some welcome progress towards phasing out coal and expanding renewables investment within the utilities space, investors in Asia are calling for an increase in pace and more detail in meeting their net-zero targets, according to the Asia Investor Group on Climate Change (AIGCC). The body has carried out its second Asian Utilities Engagement Programme … Read more
Despite the asset management industry’s big push to extoll the virtues of engagement on ESG issues, scepticism remains, particularly as the clock ticks on. “Engagement with oil and gas companies on climate change has continued for years with little progress on emissions reduction to show for it,” Lindsey Stewart, director of investment stewardship research, Morningstar, … Read more
Baillie Gifford has responded after being accused by climate activist Greta Thunberg of ‘greenwashing’, saying it is “not a significant fossil fuel investor”. Thunberg pulled out of an appearance at the Edinburgh International Book Festival after claims that Baillie Gifford, which is the lead sponsor for the event, had billions invested in firms that profit … Read more
In this series for ESG Clarity EU, Hargreaves Lansdown dives into ESG funds available in the UK and EU, analysing their investments, performance and ESG credentials. For this latest article, Dominic Rowles takes a look at the Janus Henderson UK Responsible Income Fund. UK Equity Income funds are often the first port of call for UK-based income investors. But our … Read more
BlackRock is aiming to raise NZ$2bn for a New Zealand-focused strategy that will allow private investment in New Zealand’s transition to a low-carbon economy. Set up through its Climate Infrastructure franchise and on behalf of New Zealand’s institutional clients, including the New Zealand government, BlackRock aims to support the country in becoming one of the … Read more
Inflows into global sustainable funds continued to slow in the second quarter of 2023, but this compared to marked outflows in the conventional universe amid a challenging market backdrop, according to Morningstar. In the Global Sustainable Fund Flows: Q2 2023 in Review, Morningstar said global sustainable funds attracted $18bn in net new money during the … Read more
Preventing biodiversity loss is one of the key ways of tackling climate change, both in terms of mitigation and adaptation, and in Asia, one of the most biodiverse places in the world, the need is acute. But, Federated Hermes’ Ingrid Kukuljan (pictured, left) and Sonya Likhtman (pictured, right) told ESG Clarity Asia, the attention from … Read more