European ETF provider Tabula Investment Management has launched a Paris-aligned Global High Yield Fallen Angels Climate UCITS ETF. The Article 9 ETF has $50m in assets seeded by a large Nordic institution. It has been designed to maximise potential returns from fallen angels bonds – namely bonds that have been downgraded from investment grade – … Read more
Recently, forestry-based carbon credits, and by proxy the voluntary carbon market, has come under intense scrutiny for greenwashing. The first part of this year was dominated by headlines around carbon credit providers being vilified for “phantom credits”, fake projects burned down by wildfires months before the credits being issued, or other well-intentioned projects that infringe … Read more
An investor-led consortium has pledged a three-year deal to accelerate pension fund and institutional investments in sustainable infrastructure and the energy transition. The Investor Leadership Network (ILN) has the buy-in of the United States Treasury, The Rockefeller Foundation, and the Sustainable Markets Initiative to broaden and deepen private sector financing in emerging and developing economies. … Read more
The EU Commission has now published it proposal for the regulation of ESG rating providers and whilst overall its terms are not a surprise, the obligations on non-EU ESG rating providers, and the currently projected timetable, will prove challenging for those having to grapple with the new regulatory framework, while potentially experiencing direct EU regulation … Read more
In a city of white shirts and grey suits, don’t be afraid to embrace your background, stand out and celebrate the diversity we have in the industry, says Suresh Mistry, head of sustainability at Alquity in this month’s Reboot video interview. He talks about why he initially left the industry as he didn’t feel he … Read more
Impax Asset Management has appointed Manish Bishnoi as co-portfolio manager of its Asia strategies, joining fellow manager Oscar Yang. Based in Hong Kong, Bishnoi will work with Yang on London-based Impax’s Asian Environmental and Asian Opportunities funds from October 2023. He succeeds Kirsteen Morrison, who has been interim portfolio manager on both strategies since former … Read more
The Financial Conduct Authority (FCA) has instructed its Vote Reporting Group to consult on building an industry consensus on a voluntary vote-reporting for asset managers in the UK. The group is proposing a “voluntary, standardised and comprehensive vote-reporting template” for asset managers to communicate about their voting activity to asset owner clients. See also:- What … Read more
On June 20, the Commodity Futures Trading Commission’s (CFTC) Whistleblower Office issued an alert that individuals can become eligible for financial awards and certain protections by “blowing the whistle” and identifying potential fraud or market manipulation in the carbon markets. Although carbon offsets are expected to continue to play an important role in the energy … Read more
Toyota chairman Akio Toyoda survived an attempt from a number of investors to block his re-election due to concerns about governance, albeit with a much lower approval rating than in recent years. The two largest US public pension funds – CalPERS and CalSTRS – as well as several other asset managers voted against Toyoda’s re-election … Read more
The impacts of climate change – and the need for adaptation and resilience – will take centre stage at COP28 in Dubai this year. The world received a clear warning from scientists when the Intergovernmental Panel on Climate Change (IPCC) released its final AR6 ‘synthesis’ report, which is the most comprehensive summary of the state … Read more