Support for European Industrial Deal builds up steam
‘Actionable measures’ include streamlining legislation and fostering raw material self-sufficiency
Latest news
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China refocuses EV investment towards Europe
Regulation and political developments among factors leading to a change in strategy
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European real estate activity set for ‘gradual resurgence’ – Savills
Year-end investment volumes for Europe forecast to reach between €177bn and €182bn
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PRI calls on EU to enhance responsible investment policies with six priorities
The organisation’s 2030 EU Policy Roadmap outlines six policy priorities for the EU Commission, writes Michael Nelson
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Capital Group launches multi-thematic Article 8 funds
Capital Group has launched a set of multi-thematic sustainable funds that are available for investors in Europe, writes Christian Mayes. The Capital Group Sustainable Global Opportunities fund (LUX) will invest in global equities, while the Capital Group Sustainable Global Corporate Bond fund (LUX) will target fixed income exposure. The launch also includes a multi-asset offering…
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Bond funds pull in €29.7bn in January – LSEG
Bond products were the best-selling asset class in January, according to LSEG Lipper’s European Fund Flow report, writes Christian Mayes. The asset class pulled in a net €29.7bn in the month, while Money Market USD grouping was the best-selling Lipper Classification after receiving €11.2bn inflows. Providers of mutual funds pulled in €22.5bn, while passives saw net…
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Quarter of Article 8 funds at risk of greenwashing – MainStreet Partners
A quarter of all Article 8 funds could be accused of greenwashing based on their sustainability framework and practices, according to MainStreet Partners, writes Christian Mayes The 24% of funds classified as a greenwashing risk by the 2024 ESG Barometer report marks a four percentage point increase from the 20% flagged at the end of…
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EU green rules could stymie decarbonisation projects – ExxonMobil
The European Union’s climate regulations may lead to it halting its investments in Europe, ExxonMobil has warned. Speaking to the Financial Times, Karen McKee, president of the product solutions division, said the oil and gas giant had struggled to begin decarbonisation projects in Europe due to the regulatory burden. The result, she added, was that…
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ICE flags need for Europe to double green investment
Investments to modernise energy and transport must double by the end of the decade to reach 2030 climate targets, the EU has been warned. According to the Institute for Climate Economics (ICE), which has released the European Climate Investment Deficit report, the bloc lacks what it calls a “consistent tool” to ensure monitoring of the…
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Microsoft and Google parent begin heavy AI investment in Europe
Tech giants Microsoft and Alphabet have announced heavy investments into the AI landscapes of France and Germany this week. Microsoft is reportedly set to invest €3.2bn in building up its AI infrastructure and cloud capacity in Germany by the end of the next year. The investment is expected to cover the training of some 1.2m…
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European Green Bond Standard ‘step in right direction’ but challenges remain
Michael Nelson addresses the IEEFA’s findings on the European Green Bond Standard The European Green Bond Standard (EUGBS) promises to boost investor confidence and support the long-term growth of the green bond market despite some limitations, according to findings from the latest report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report…
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Germany’s current economic course unsustainable, says finance minister
The German government has predicted the country will see just 0.2% growth in 2024 – a development the finance minister has described as “dramatically bad”. Speaking in Leipzig, finance minister Robert Habeck – tipped by many as Germany’s next Chancellor – warned the nation could not continue as it had, indicating drastic action may be…