EU financial regulators define greenwashing and risk areas

The European Supervisory Authorities have issued a definition of greenwashing applicable to banking, insurance, pensions and financial markets, and highlighted some of the risks that could lead to it. Greenwashing is described by the Authorities “as a practice where sustainability-related statements, declarations, actions, or communications do not clearly and fairly reflect the underlying sustainability profile … Read more

Brown Advisory unveils US sustainable strategy

Brown Advisory has launched the US Sustainable Value fund. The firm said it believes an “unmet market need” has been created by the lack of strategies at the junction between sustainability and value. It said ESG research has historically avoided value stocks due to their exposure to complex industries. Available to investors globally, the Article … Read more

Pemberton hires sustainability head from Goldman Sachs

Alternative credit manager Pemberton has hired a head of sustainable investing from Goldman Sachs to expand the firm’s sustainability strategy. Niamh Whooley joins as managing director and head of sustainable investing, and will be responsible for developing Pemberton’s sustainable investments and coordinating with clients and stakeholders. She joins from Goldman Sachs Asset Management where she … Read more

SEC delays risk climate ruling becoming irrelevant

The US Securities and Exchange Commission’s highly anticipated climate disclosure ruling was expected in April but is likely still months away amid controversy surrounding certain aspects of the proposal. The extended consultation period will close on June 17, and the final rules may be more robust as a result of the ongoing public debate, but … Read more

Bloomberg launches low-carbon commodities index

Bloomberg has launched a commodities carbon index designed to support investors in transitioning portfolios. The Bloomberg Commodity (BCOM) Carbon Tilted Index overweights commodities with a lower carbon footprint while minimizing tracking error to Bloomberg’s flagship BCOM parent index. “The BCOM Carbon Tilted Index is designed with investors’ complex needs in mind. There is a growing want … Read more

Companies can now set science-based targets for nature

Investors looking at companies’ nature targets should pay attention to location data, making use of tools such as geospatial mapping, Jefferies has said. This comes following the news last week that the Science Based Targets Network (SBTN) has released the first version of its technical guidance to help companies assess their environmental impacts and set … Read more

S&P Global promotes duo to develop sustainability spin-off

S&P Global has promoted Dr Richard Mattison and Chris Heusler as vice-chair and president, respectively, of Sustainable1, its hub of sustainability intelligence, products and solutions.  Dr Mattison was promoted to vice-chair from president of Sustainable1; in his new London-based role, he will drive S&P Global as a leader on sustainability by focusing on market innovation, … Read more

Rize ETF launches circular economy enablers ETF

Rize ETF has today listed a sustainable thematic ETF that looks to invest in companies enabling the transition to a circular economy. The Rize Circular Economy Enablers Ucits ETF looks to invest in companies that will facilitate an economic transition, such as the carbon negative chemicals company Origin Materials, rather than those that use cicular … Read more