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While an ill-informed ESG backlash continues to dominate some corners of the globe, in other parts another debate is taking place: should E, S and G themes be siloed and the bundling of ESG disbanded? It’s a debate that was reignited by a provocative leader in the Economist in 2022, which argued ESG funds should … Read more
A group of nearly 30 international investors is urging governments to “maintain ambition” when it comes to creating a legally binding treaty on plastic pollution. Coordinated by the Dutch Association of Sustainable Investors (VBDO), the group has sent a letter to members of the High Ambition Coalition to End Plastic Pollution governments, which have a … Read more
The number of companies setting net-zero targets has risen by more than 40% but the quality of target-setting must urgently improve, Net Zero Tracker has found. The organisation assesses net-zero targets in the Forbes Global 2000 list of the world’s largest companies. It found the number of company net-zero targets has risen by more than … Read more
Sustainable food and agriculture investment firm Cibus Capital has hired Kristen Weldon as a partner and to take on the newly created role of head of natural capital. In this new role, Weldon will focus on the integration of natural capital across Cibus’ existing strategies as well as the launch of future strategies dedicated to … Read more
For those who want their investments to support the transition to net zero, renewable energy infrastructure is an obvious choice. Access to this asset class has been made much easier over the past 10 years, with the launch of more than 20 London-listed investment companies involved in renewable energy generation, energy efficiency or battery storage. … Read more
Annual climate finance flows for 2021 surpassed $1trn for the first time, according to a study from the Climate Policy Initiative (CPI). However, flows will need to increase by at least five-fold annually by 2030 to avoid the worst impacts of climate change. According to CPI’s Global Landscape of Climate Finance 2023, the average annual … Read more
Countries came to an agreement on a set of recommendations for how a loss and damage fund would function over the weekend. A loss and damage fund to assist developing countries most vulnerable to climate change was agreed at the eleventh hour at COP27 last year in Egypt. Recent talks were reported to have ended … Read more
The workplace environment allowed to persist at Odey Asset Management has been described as a “massive failure of governance”, as the business closes following a wave of sexual harassment allegations against its founder and CEO Crispin Odey. A culture of silence in financial services about sexual misconduct is thought to have allowed such alleged abuses … Read more
Legal & General Investment Management (LGIM) has introduced an Article 8 bond fund that offers a “sovereign risk ESG framework” to investors. The L&G Future World ESG Emerging Markets Government Bond Local Currency Index fund will consider geopolitical stability in addition to more commonly used ESG criteria, with the hopes of incorporating factors such as … Read more
STACS, the Singapore-headquartered ESG data and solutions company, has launched upgrades to its ESGpedia platform to help financial institutions comply with ESG regulatory requirements across Europe and Asia. Upcoming mandatory ESG rules in Europe will require financial institutions to report on their value chains, which include SMEs and private companies based in Asia. To comply, … Read more