GFANZ to set coal phase out guidelines for Apac

The Glasgow Financial Alliance for Net Zero’s (GFANZ) Apac Network has launched a public consultation on its plans to phase out coal-fired power plants in Asia-Pacific. Following similar guidance released last year, GFANZ is looking to create a set of voluntary guidelines for the early retirement of these plants, which it said will be a … Read more

Hong Kong tables green taxonomy

Hong Kong is poised to become the first jurisdiction to make use of the Common Ground Taxonomy (CGT) as its de facto central bank laid out plans for a green taxonomy. The Hong Kong Monetary Authority (HKMA) commissioned the Climate Bonds Initiative, a UK-headquartered non-profit body that promotes investment in the low-carbon economy, to develop … Read more

ESG Clarity Awards 2023 open for nominations

ESG Clarity is delighted to announce the return of our awards with a ceremony taking place in a sustainable venue in London on 7 September. The ESG Clarity Awards successfully launched last year recognising our industry’s top ESG talent and expertise from best funds, teams, individuals, initiatives and investment houses. This year we will continue to showcase the … Read more

Green Dream with Man AHL’s Van Hemert: A multi-asset approach to climate trading

In this Green Dream video interview, Otto Van Hemert, director of core strategies at Man AHL, discusses the TargetClimate Fund, engagement and how more and more ESG data will become available to investors. Watch the full video interview above and read the transcript below. NK: Hello and welcome to this Green Dream video. I’m Natalie Kenway … Read more

EU adopts due diligence directive in ‘gamechanger’ for finance

The European Parliament has voted through its corporate due diligence proposal sending a “powerful strong message” to the financial sector, responsible investment commentators have said. Yesterday the EU’s proposed Corporate Sustainability Due Diligence Directive (CSDDD) was adopted at a parliamentary plenary with 366 votes in favour, 225 against and 38 abstentions. The CSDDD is a … Read more

EU financial regulators define greenwashing and risk areas

The European Supervisory Authorities have issued a definition of greenwashing applicable to banking, insurance, pensions and financial markets, and highlighted some of the risks that could lead to it. Greenwashing is described by the Authorities “as a practice where sustainability-related statements, declarations, actions, or communications do not clearly and fairly reflect the underlying sustainability profile … Read more

Brown Advisory unveils US sustainable strategy

Brown Advisory has launched the US Sustainable Value fund. The firm said it believes an “unmet market need” has been created by the lack of strategies at the junction between sustainability and value. It said ESG research has historically avoided value stocks due to their exposure to complex industries. Available to investors globally, the Article … Read more

Pemberton hires sustainability head from Goldman Sachs

Alternative credit manager Pemberton has hired a head of sustainable investing from Goldman Sachs to expand the firm’s sustainability strategy. Niamh Whooley joins as managing director and head of sustainable investing, and will be responsible for developing Pemberton’s sustainable investments and coordinating with clients and stakeholders. She joins from Goldman Sachs Asset Management where she … Read more