Morningstar Indexes, in collaboration with Morningstar Sustainalytics, has launched a series of indexes to deliver broad exposure to companies leading their sector peers in their readiness for – and action towards – climate transition. The Morningstar Low Carbon Transition Leaders (LCTL) indexes are a series of nine new global, regional and single country benchmarks underpinned … Read more
The Sierra Club and the Sierra Club Foundation, represented by Earthjustice, have filed a lawsuit against the Securities and Exchange Commission (SEC) in the US Court of Appeals over its final rule requiring public companies to disclose climate-related risks to their businesses and plans to manage or mitigate them. The non-profit organisations accuse the SEC of “capitulating” … Read more
Among the flurry of announcements from last year’s COP28, delegates launched the Capacity-building Alliance of Sustainable Investment (CASI), an international organisation aimed at providing training programmes and e-learning products on sustainable finance to emerging markets. As part of the launch announcement, CASI said it will “develop and consolidate educational content” in collaboration with its members, tailor … Read more
Asset managers including Legal & General Investment Management (LGIM) and Candriam have filed a shareholder resolution challenging high-profile chocolate brand Nestlé to improve its impact on people’s health. The coalition of shareholders, representing $1.7trn in assets and led by ShareAction, said they have been “left with no option” but to bring forward a resolution as … Read more
Mirova has launched a social impact private equity strategy designed to support the growth of unlisted European companies that contribute to the transition towards a better society. The Mirova Impact Life Essentials (MILE) fund, which is intended to classify as an Article 9 fund under European SFDR regulation, aims to raise €200m from institutional and individual investors … Read more
Top corporate jobs such as CEO or chair appear to be largely still “out of reach” for women despite progress on the share of women on boards over the last decade, according to research from Morningstar DBRS. In the report Women in Government and on Corporate Boards: Signs of Progress, Morningstar analysed sampled companies from the … Read more
Firms must consider financial inclusion and invest with a gender lens in order to address the number of women disproportionately affected by climate change, investment industry professionals have told PA Future on International Women’s Day – where the UN theme for this year is ‘InvestInWomen’. Women tend to have a higher vulnerability in the areas most impacted … Read more
Banking and financial firms DWS, Goldman Sachs and BNY Mellon have been featured on a list of firms that have paid the largest corporate fines, settlements and donations over the last 10 years for greenwashing activities. At numbers three, seven and nine respectively, the firms feature on the list due to being accused of misleading … Read more
Singapore Exchange Regulation (SGX RegCo) is consulting the market on details of how the International Sustainability Standards Board (ISSB) standards are to be incorporated into its sustainability reporting rules for climate-related disclosures. These would be in line with the Sustainability Reporting Advisory Committee’s recommendations announced on 28 February 2024. Feedback is also sought on a … Read more
Companies are developing artificial intelligence (AI) capabilities that are evolving faster than regulations can keep up with, which is leaving investors exposed to growing risks. This is according to Federated Hermes EOS Asia and emerging markets head Ross Teverson, who said that companies need to proactively address the risks that evolving AI generates. “The technology … Read more