Credit Suisse Asset Management has expanded its sustainable investing team with the appointment of a head of active ownership. Christine Chow will join Credit Suisse AM on 1 April 2023 as head of active ownership and managing director. Chow, who has extensive experience in sustainability, will join from HSBC Asset Management. In her new role … Read more
Less than half of UK, US, and German companies have made significant changes to their daily operations to decarbonise, according to a survey. Only 41% of 300 corporates in those nations, whose operations managers were surveyed by ESG software and data company Sphera, had made any changes. A third (32%) said their firms do not … Read more
Redwheel, the specialist investment manager, has launched a sister arm to “challenge” its current processes for sustainability investing. Greenwheel will advise, support and provide independent challenge to Redwheel’s investment teams. It will produce research, sustainability strategy and client perspectives at each stage of the product life cycle for the firm’s Enhanced Integration, Transition and Sustainable … Read more
Article 9 funds saw the lowest inflows on record in the last quarter of 2023, due to the large number of downgrades from Article 9 to Article 8 ahead of new Sustainable Finance Disclosure Regulation (SFDR) requirements that came into force in January. In a report, SFDR Article 8 and Article 9 Funds: Q4 2022, … Read more
The head of global diversity, inclusion and belonging at abrdn, Lynne Connolly, has died following a battle with a long illness. Connolly was at abrdn and Standard Life Aberdeen since 2006. Her family confirmed her death via a LinkedIn post: “Lynne’s family share this message to let all her wide circle of friends, relatives and colleagues … Read more
The Department of Labor’s long-awaited rule that eases restrictions on ESG in 401(k) plans goes into effect this week, but a coalition of Republican state leaders and oil groups is trying to stop that. Last Thursday, 25 states filed a lawsuit in federal court in Texas seeking an injunction and a permanent ban on implementing … Read more
When it comes to ESG, Japan has a reputation as a bit of a laggard – though, on the ‘E’ part at least, this is not very fair. A 2021 report from McKinsey, Charting a path from the shuchu kiyaku to ESG (‘shuchu kiyaku’ meaning ‘code of ethics), actually rated large Japanese companies ahead of … Read more
The climate crisis is at a crossroads. The three landmark reports issued by the IPCC in 2021 and 2022 highlighted the potentially catastrophic risks posed by climate change and the steps needed to preserve our planet for the future. The IPCC report also highlighted the unprecedented and coordinated global effort needed to tackle climate change … Read more
Grupo Aval Acciones y Valores S.A. is the Holding Company of the Aval Financial Conglomerate, one of the main financial groups in Latin America, has positioned as the largest financial group in Colombia. Its mission is to provide the customers with socially responsible, safe and easy-to-access, understand and manage financial solutions in any place and … Read more
Following a general easing of the Covid pandemic, the world markets entered a new pandemic of drastically high inflation. In the US, the average rate of inflation stayed well above 7% for the majority of 2022, at levels last experienced during the 1970s energy crisis. Global costs of oil, gasoline, electricity and natural gas all … Read more