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Insight

The Week’s Top ESG News

California files a lawsuit against ExxonMobil, making it the first major state to hold an oil major accountable for plastic pollution. As Climate Week in New York draws to a close, conversations at this year’s event were tainted by growing sentiment that current net zero goals are near impossible to achieve.
Verity Snow
September 2024
Insight

The Week’s Top ESG News

ESG as it stands will not combat climate change, reported the FT this week. Researchers suggested a new approach that places execution - not intention - at its core. Meanwhile, industry leaders reiterate they will only consider energy transition investments if profitable.
Verity Snow
September 2024
Insight

The Week’s Top ESG News

This week it emerged that Morgan Stanley had quietly shelved a central pillar of its sustainability strategy, and more scandals are uncovered in the carbon credit market as more projects are shown to have exaggerated green claims. Elsewhere, left-leaning activists are wringing their hands over the slide in corporate efforts to tackle ESG issues.
Verity Snow
September 2024
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