Value Partners has launched a sustainable food fund for Hong Kong retail investors. The Value Partners Asian Food and Nutrition Fund aims to capture opportunities from sustainable food and nutrition trends in Asia and is the first fund approved by the Hong Kong Securities and Futures Commission investing in Asia ex-Japan focused on food and … Read more
The private equity market in the US largely believes Security Exchange Commission rules on ESG are positive for the sector, according to a PwC survey. In the US, a respective 71% and 69.2% of limited partners and general partners expect the SEC proposed ESG-related rules to have an extremely positive impact. This is the strongest … Read more
More than a third (36%) of wealth management and advice firms say they want more support in accessing the right sustainable finance and ESG investment data, research has found. A survey from the Personal Investment Management & Financial Advice Association (Pimfa) and Alpha FMC, a specialist management consultancy for the wealth and asset management industries, … Read more
More than half (53%) of companies in China have publicly announced an ESG or sustainability strategy, while close to 30% of them say they are addressing sustainability issues internally, according to a report by Fidelity. The remaining 18% have plans to publicly announce their strategies in the future, the report, China’s ESG priorities: How companies … Read more
Private equity limited partners in the Asia-Pacific (Apac) region currently hold the least optimistic view of ESG regulation, according to a survey by PwC. Only 51.7% expect ESG regulations to have a positive impact, research from a new report titled GPs’ Global ESG Strategies: Disclosure Standards, Data Requirements & Strategic Options, has found. It represents … Read more
Company board’s ESG responsibilities are being addressed in the Financial Reporting Council (FRC)’s public consultation into the UK corporate governance code. The FRC announced it has launched the consultation in response to the UK government white paper Restoring Trust in Audit and Corporate Governance, which flagged potential areas for reform with a focus on directors’ … Read more
Legal cases over climate change are expected to increase as a result of recent and ongoing European legislation, according to researchers at the London School of Economics (LSE). In a policy report, Climate change law in Europe: What do new EU climate laws mean for the courts?, the researchers recommend bringing stakeholders together in the … Read more
Allianz Global Investors has hired Giles Money from Sarasin & Partners to lead a new global sustainability, and sustainable and responsible investments (SRI) equity team. Money will join the firm as CIO of the new team in August 2023, which will work closely with the thematic equity team led by Andreas Fruschki. Joining from Sarasin … Read more
The $70trn-backed Fairr investor network is once again targeting engagement at fast food companies, asking them to disclose a set of information related to antimicrobial resistance (AMR). The engagement will target 12 US fast food restaurant companies, many with a global reach, including McDonalds, Yum! Brands (owners of KFC and Pizza Hut) and Restaurant Brands … Read more
The Environmental Protection Agency’s (EPA) plan to compel US power plants to capture or slash their fossil fuel emissions is a boon to the worst polluters and their shareholders, according to experts. US power plants that run on coal and natural gas – two key fossil fuels worsening the climate crisis – will need to … Read more