Mirova has launched a social impact private equity strategy designed to support the growth of unlisted European companies that contribute to the transition towards a better society. The Mirova Impact Life Essentials (MILE) fund, which is intended to classify as an Article 9 fund under European SFDR regulation, aims to raise €200m from institutional and individual investors … Read more
Top corporate jobs such as CEO or chair appear to be largely still “out of reach” for women despite progress on the share of women on boards over the last decade, according to research from Morningstar DBRS. In the report Women in Government and on Corporate Boards: Signs of Progress, Morningstar analysed sampled companies from the … Read more
Firms must consider financial inclusion and invest with a gender lens in order to address the number of women disproportionately affected by climate change, investment industry professionals have told PA Future on International Women’s Day – where the UN theme for this year is ‘InvestInWomen’. Women tend to have a higher vulnerability in the areas most impacted … Read more
Banking and financial firms DWS, Goldman Sachs and BNY Mellon have been featured on a list of firms that have paid the largest corporate fines, settlements and donations over the last 10 years for greenwashing activities. At numbers three, seven and nine respectively, the firms feature on the list due to being accused of misleading … Read more
Singapore Exchange Regulation (SGX RegCo) is consulting the market on details of how the International Sustainability Standards Board (ISSB) standards are to be incorporated into its sustainability reporting rules for climate-related disclosures. These would be in line with the Sustainability Reporting Advisory Committee’s recommendations announced on 28 February 2024. Feedback is also sought on a … Read more
Capital Group has launched three global, multi-thematic sustainable funds designed to meet demand from European and Asian investors. The Luxembourg-domiciled UCITS fund comprise Capital Group Sustainable Global Opportunities fund, a global equity fund; Capital Group Sustainable Global Corporate Bond fund, a fixed-income fund; and Capital Group Sustainable Global Balanced fund, a multi-asset fund. Each of … Read more
Companies are developing artificial intelligence (AI) capabilities that are evolving faster than regulations can keep up with, which is leaving investors exposed to growing risks. This is according to Federated Hermes EOS Asia and emerging markets head Ross Teverson, who said that companies need to proactively address the risks that evolving AI generates. “The technology … Read more
The index provider, S&P Dow Jones Indices, has launched the S&P Biodiversity Indices, adding to the range of sustainability performance benchmarking tools it offers to asset managers. The two indices, the S&P 500 Biodiversity Index and S&P Global LargeMidCap Biodiversity Index, measure the performance of a subset of equity securities from the S&P 500 and … Read more
FTSE 100 firms are stepping up their net-zero activity despite referring to ‘ESG’ less in their recent annual reports, according to a study by the law firm Irwin Mitchell. The Beyond Words report analysed the frequency of phrases such as ‘ESG’, ‘decarbonisation’, ‘Scope 3’ in annual reports from companies in the FTSE 350. Although it … Read more
Issuance of green, social and sustainability (GSS) bonds from corporates and the launch of new dedicated sustainable strategies both moderated in 2023 compared to previous years. In this context, ESG regulatory uncertainty is another key factor which weighed on both investors’ and issuers’ sentiment. A series of tailwinds, however, could support the sustainable corporate bond … Read more