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Insight

The Week’s Top ESG News

This week’s top ESG story was the lawsuit filed against Texas officials over the state’s anti-ESG legislation introduced in recent years. Elsewhere, EU sustainable investment funds have more than doubled their defence holdings since the start of the Ukraine war while increasing climate-related disaster costs are forcing insurers to take on more risk.
Verity Snow
September 2024
Insight

The Week’s Top ESG News

Fund managers are increasingly including oil, gas, and mining stocks in ESG portfolios, reflecting a broader ESG strategy rethink. Meanwhile, biodiversity-focused financial strategies are lagging behind those focussed on cutting greenhouse gas emissions and impact investment is once again under the spotlight as investors are encouraged to rethink their expectations.
Verity Snow
August 2024
Insight

The Week’s Top ESG News

This week more concerns were raised about the use of carbon credits by big tech as a decarbonisation strategy. As climate standards expand, sectors such as oil and gas and tech have come under fire for swerving climate commitments. Elsewhere, Blackrock’s support for proposals on environmental and social issues fell considerably this year to just 4%.
Verity Snow
August 2024
Insight

The Week’s Top ESG News

New legislation for ESG ratings agencies has been announced by the Chancellor in a bid to curb greenwashing within the sustainable investment sector. In the US, Goldman Sachs Asset Management becomes the latest to walk away from the world’s biggest climate alliance for investors, illustrating the continued and growing anti-ESG movement currently sweeping the States.
Verity Snow
August 2024
Insight

The Week’s Top ESG News

A $400m green fund has been announced by asset manager Ninety One to a mixed reception. Elsewhere, investor interest in ESG is stalling, with focus shifting to other political and economic issues. Meanwhile, new fund labels aiming at tackling greenwashing in the UK’s finance sector came into effect this week. The measures seek to enhance transparency around ESG funds. The carbon offset market faces a major overhaul in response to changing rules around certification.
Verity Snow
August 2024
Insight

The Week’s Top ESG News

In this week’s ESG news, new research criticised carbon credits for being largely ‘ineffective’ and hindering decarbonisation efforts. Meanwhile, new fund labels aiming to tackle greenwashing in the UK’s finance sector came into effect this week. The measures seek to enhance transparency around ESG funds.
Verity Snow
August 2024
Insight

The Week’s Top ESG News

Cleantech investment was the focus of this week’s ESG news. From funding challenges, to the notorious valley of death, some of the most impactful climate tech startups could be at serious risk if governments and institutions don’t rise to the challenge.
Verity Snow
July 2024
Insight

The Week’s Top ESG News

This week, BlackRock’s former chief sustainable investment officer criticised the bank’s role in promoting ‘dangerous’ ESG concepts. Wall Street has begun to swap out the ESG label for ‘sustainable’ in attempts to avoid investor backlash and EU banks call for an overhaul of the continent’s sustainable finance rules as the regulations stifle overseas investment in green transition projects.
Verity Snow
July 2024
Insight

The Week’s Top ESG News

Shareholder support for ESG issues in the US is waning for the second year straight, meanwhile Morgan Stanley predicts ‘power-guzzling’ AI will drive up green debt, and research shows the green economy has delivered high returns over the past 10 years.
Verity Snow
July 2024
Insight

The Week’s Top ESG News

ESG news was dominated by more scrutiny of carbon credits as climate activists declared that carbon offsets are undermining net zero action. In the US, BlackRock continues its effort to navigate the backlash against ESG investing whilst UK banks grapple with ongoing activist investor movements and shifting societal priorities.
Verity Snow
July 2024