BNP Paribas ‘walks the talk’ with €35bn over benchmarks in sustainable funds

BNP Paribas has €35bn overweight its benchmarks invested sustainably across its open ended funds, in what it says is a key indication it is ready to “walk the talk” on sustainability. This corresponds to an overall 15% overweight in sustainable funds compared with its benchmark levels, the asset management house said in a presentation on … Read more

FCA ESG director defends ‘sustainable improver’ fund label

FCA director of ESG Sacha Sadan (pictured) has defended the regulator’s proposed fund labelling scheme despite fears over the nuances of the ‘sustainable improvers’ category. During a panel discussion at Morningstar’s Investment Conference in London on Tuesday (4 July), Morningstar global director of sustainability research and ESG Clarity Committee member Hortense Bioy raised concerns over … Read more

TNFD’s September launch will be a milestone moment for investors

The vital importance of nature and biodiversity in achieving climate aims means that regulatory frameworks worldwide are evolving swiftly to integrate the theme into investment practices. Brace yourselves, then, for September 2023, a milestone month that will spotlight nature and biodiversity considerations, driving investor awareness and action. Fidelity has noted ‘nature positive‘ could be the … Read more

PRI nominates Mckinsey adviser to chair board

The Principles for Responsible Investment (PRI) has nominated Mckinsey adviser Conor Kehoe to take over as chair next year. Pending signatory approval, Kehoe will succeed Martin Skancke when the latter’s term as PRI chair draws to a close at the end of the 2023 calendar year. Kehoe is senior adviser and former senior partner at … Read more

Investors must be aware of human rights risks posed by technology

As investors we must understand the risks and opportunities posed by new technology, which, when used without proper governance, ethics, or attention to UNGP-aligned human rights, can cause real harm. I represented this perspective in person in Costa Rica at the RightsCon conference in June, speaking on panels about responsible business conduct in conflict-affected regions … Read more

Asset managers under fresh attack from anti-ESG states

Anti-ESG states are upping the ante against asset managers to curb the green investment movement this year, ESG Clarity has found. Nearly half of US states have already banned ESG as a factor in state investments, with some even restricting investment firms with ESG policies. But asset managers are pushing back. Anti-ESG takedown tactics Congress has … Read more

The ESG regulatory revolution isn’t easing off

After years of seemingly unstoppable momentum behind ESG, the sustainable investment space witnessed heightened debate in 2022. This was largely driven by political posturing in the US, as the divide between anti-ESG ‘red states’ and pro-ESG ‘blue states’ widened. The uncertainty stemming from the anti-ESG camp is unlikely to abate over the coming year or … Read more