ESG Financial News

29.08 / 10:07

Adoption ETF Europe European Union ESG Bitcoin spot bitcoin Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer

The first-ever spot Bitcoin exchange-traded fund (ETF) launched on the European market has been classed as an Article 8 fund by its issuer firm, London-based Jacobi Asset Management. Funds included under Article 8 of the European Sustainable Finance Disclosure Regulation (SDFR) are those that “promote environmental and/or social characteristics.”

29.08 / 08:25

ESG Jupiter asset management net zero reports Fund managers warn government over net zero target - reports

'The problem is, as soon as the government starts making comments or noises suggesting that might not actually be the direction of travel after all, it saps the confidence of private investors.'

24.08 / 13:01

ESG Investment trusts ThomasLloyd Energy Impact Sue Inglis Investment Trust TLEI ThomasLloyd Investors vote against ThomasLloyd Energy Impact continuation

At today’s requisitioned general meeting and adjourned AGM, 58% of investors voted against the continuation resolution, supporting the board’s stance over the manager.

22.08 / 11:27

UK companies Interest rates ESG AXA IM to cut 90 jobs in business reshuffle

AXA IM, which had 2600 employees in total at the end of 2022, said the job cuts were “conditional” and it was currently in discussion with unions in France and Germany.

22.08 / 07:37

ESG funds Jupiter swaps benchmark and reduces annual fee for Responsible Income fund

The investment policy of the fund will also be updated to provide greater clarity of how ESG considerations are incorporated into its investment approach.

17.08 / 12:45

Climate Nature ESG net zero Financial Financial firms risk harming net zero ambitions by overlooking nature in decision making

CDP noted financial firms play a pivotal role in catalysing transformative change across the industry.

15.08 / 14:39

SEC US ESG Article 8 Article 9 reports SEC demands disclosure documents from ESG fund managers - reports

The move points to a potential tightening of the rules around ESG investing, or action against those fund managers found not to be following them.

15.08 / 14:39

M&A UK Loans bonds ESG Alternatives Global Green bonds hit record fundraise while lending and M&A sink

The figure marks an 18% increase on the same period last year, although issuance by number dropped 10% to 484 green bonds brought to market.

08.08 / 12:03

Moody's ESG S&P ditches ESG debt rating scores amid criticism

In 2021, S&P Global Ratings began publishing alphanumeric ESG credit indicators for publicly rated entities in some sectors and asset classes.

07.08 / 14:51

Fossil fuels ESG Baillie Gifford hits back at Greta Thunberg's 'greenwashing' accusations

Baillie Gifford has hit back at Thunberg’s accusations, saying it is not a 'significant fossil fuel investor'.

07.08 / 14:51

ESG Unit trusts/OEICs Diversity fund launch Nordea AM rebrands diversity fund in engagement push

'Expanding the investment focus of this fund gives us a broader scope, which translates into broader impact.'

02.08 / 22:31

kpmg ESG Bitcoin KPMG touts ESG benefits from Bitcoin, counters misperceptions in new report

KPMG has released a report on Bitcoin and ESG (environment, social and governance) issues. The professional services firm, one of the world’s Big Four, found that Bitcoin “appears to provide a number of benefits across an ESG framework.”

02.08 / 20:37

ESG Aon Unit trusts/OEICs emerging markets UBS AM and Aon team up to launch emerging markets climate transition fund

The fund expands on the UBS Global Equity Climate Transition fund launched in 2022.

02.08 / 20:37

HSBC BlackRock bonds ESG funds equities Aviva bond funds Sustainable bond funds shed £653m in H1 2023 as ESG equities add £10.3bn

Netting £4.5bn, Equity Global funds were the most popular sustainable classification, followed by US and emerging market equity.

31.07 / 12:55

Morningstar ESG ESG Trends Article 9 funds receive lowest inflows on record as Article 8 products face outflows

Despite poor inflows, Article 9 funds saw the best performance of any classification, rising 1.2% organically throughout the quarter, compared to Article 8 and Article 6’s 0.3% shrinkage.

31.07 / 12:55

UK Asset management ESG UK ministers: 'Perverse' divestment from defence over ESG puts security at risk

'A failure to invest in defence and security firms also damages the economy.'

28.07 / 08:15

bonds ESG bond funds Goldman Sachs Asset Management launches corporate impact and green bond funds

'The global bond market is a key source of investment to drive the climate transition and address topics such as inclusive growth.'

24.07 / 07:49

UK companies ESG Ørsted divests from UK windfarm

Ørsted originally owned a 50% stake in Array and divested the first 25% in 2014 to global investment group CDPQ for £644m.

19.07 / 08:21

ETF Value ESG ETFs Xtrackers DWS launches ESG versions of its factor ETFs

In 2014, DWS launched ETFs that allowed investors to track value, momentum, quality and minimum volatility equity factors.

18.07 / 10:51

BlackRock ESG ETFs Vanguard BlackRock to extend proxy voting to retail investors in largest ETF

Investors in BlackRock's iShares Core S&P 500 ETF will be asked to choose among seven different general policies ranging from voting generally with management to prioritising Catholic values or ESG factors.

18.07 / 07:47

financial conduct authority ESG FCA Asset Managers Q4 FCA delays SDR policy statement until Q4 2023

The Financial Conduct Authority

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