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It is just a matter of time before China rolls out compulsory ESG disclosure requirements, although rumours that Beijing is due to announce its plans imminently will likely prove wide of the mark as all eyes remain firmly fixed on the International Sustainability Standards Board (ISSB). That is the view of market observers ESG Clarity … Read more
Some 12 banks have come under fire from traditional indigenous owners from Australia’s Tiwi Islands and Larrakia country for their links to the Barossa gas project. At the end of last year, gas company Santos lost a legal battle over its $4.7bn Barossa gas project north of the Tiwi Islands, which traditional owners argued they … Read more
After record inflows into sustainable funds during 2020 and 2021, last year was a rockier time for sustainable investments. With the vast majority of the ESG fund market not invested in oil, strategies struggled to outperform and sentiment in the US took a nosedive, with some states banning ESG investments for being ‘woke’. Yet the … Read more
Jupiter’s head of environmental solutions Rhys Petheram (pictured) is leaving after two years in the role amid fund closures at the firm. A Jupiter spokesperson confirmed the firm has taken the decision to close the Jupiter Global Ecology Bond and Global Ecology Diversified funds on 6 April. “As an active, high-conviction asset manager, it is … Read more
European wealth managers are expecting to increase their allocations to impact funds and funds aligned with the UN’s Sustainable Development Goals (SDGs) over the next year, according to research from MA Financial Intelligence. They will also be looking at where they can increase exposure to ESG-themed funds, ESG core bond funds and ESG core equity … Read more
Climate Action 100+, the investor engagement initiative on climate change involving 700 investors and $68trn in assets under management, has launched an updated version of its Net Zero Company Benchmark assessment tool. Benchmark 2.0 is the third iteration, and according to CA100+ will continue its role “informing and supporting investors in their engagements with companies … Read more
Currently, only 23% of B Corporations in the UK are owned or led by women. The world of business remains male dominated, while the gender pay gap and disparity of opportunities remains. The challenges are only exaggerated for people of colour, the LBGTQ+ community, the disabled and neurodivergent. That’s nothing you don’t know already, but … Read more
The Securities and Exchange Board of India (Sebi) is upping its requirements of ESG funds in a bid to clamp down on greenwashing and the risk of mis-selling. Last week, the regulator approved a host of new measures for ESG funds, including requiring them to invest at least 65% of listed entity AUM in companies … Read more
The Integrity Council for the Voluntary Carbon Market has launched a disclosure framework for carbon credits as well as core principles for what counts as being high quality. The assessment framework requires “comprehensive and accessible disclosure” by programs on how each project calculates and quantifies its emissions impact, and how it assesses additionality, and social … Read more
The amount of rubbish produced in the world has reached truly horrifying levels. The global population generates an estimated 2 billion tonnes of waste every year and well over a third of it is not managed in a way that is safe to the environment. With around 5.25 trillion pieces of plastic rubbish in the … Read more