Asset manager Ninety One has announced a $400m fund to support green investment. It is particularly aimed at targeting clean infrastructure and technology projects in emerging markets. While officials from the US have celebrated this announcement, it has been met with some scepticism from others. The Financial Times covers the story.
Elsewhere, a study released by HSBC suggests that investor interest in ESG is stalling. According to the survey data, fund managers are increasingly avoiding the ESG label, and focus is instead shifting towards tackling political and economic challenges. Bloomberg covers the story.
Finally, groundbreaking changes to the carbon offset market as the Integrity Council for the Voluntary Carbon Market has ruled that its Core Carbon Principles label can no longer be applied to 32% of all credits. The impact of this decision will be wide-reaching, and it is not yet clear what the full ramifications will be. Bloomberg covers the story.
