Hundreds of ESG funds are being wound down, as the investment strategy continues to battle regulatory headwinds. In Q3 alone, European investment firms liquidated or merged over 100 sustainability focussed funds. More upheaval is expected as new rules designed to crack down on greenwashing come into force. Bloomberg covers the story.
An investor group is pushing for greater transparency from US oil companies on their long-term liabilities when it comes to decommissioning and clean-up costs. The group alleges that the companies are breaking the rules on corporate financial disclosures. The Financial Times covers the story.
