ShareAction posts open letter to big banks over oil and gas funding
Barclays, BNP Paribas, Crédit Agricole, Deutsche Bank, and SocGen among the recipients
ESG
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Article 9 funds still failing to meet sustainability standards
As significant market confusion abounds about terminology and the changing regulatory landscape
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Big asset managers hampering ESG progress, says ShareAction
As European managers outpace their US and UK rivals when it comes to backing shareholder proposals
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BNP Paribas AM fills Nordic ETF role with Blackrock hire
In an appointment ‘instrumental to the firm’s expansion’ in the region
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Vanguard exits Net Zero Asset Managers initiative
But claims it will not affect the firm’s commitment to help investors ‘navigate the risks climate changes poses’
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Climate change, scarce resource and tech advances top investor concerns
But just 49% of Germans think ESG is an important investment consideration
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Climate risk most-important factor for clients, says Russell Investments
It was the biggest issue for managers with clients in Canada, the UK, Australia and New Zealand
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Europe signals renewable infrastructure investment drive
Following a marked decline in public investment across the continent
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European investors pulling money from ESG funds – Refinitiv
As AUM across the whole industry fell €2.3trn over the first nine months of this year
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US to overtake Europe as top clean energy destination for investors?
But the Inflation Reduction Act has raised a few hackles this side of the pond
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Measuring carbon intensity in portfolios
Against the backdrop of the ongoing war in Ukraine, oil and gas companies are making record profits and governments granting new drilling licences. But whatever the short-term impact of the energy crisis, we all know the global economy is going to have to wean itself off carbon over the coming years. Managers need to think…
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Finnfund releases €75m sustainability bond
‘Global political and economic turmoil may also create new opportunities for investors’ says CEO Jaakko Kangasniemi