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ESG ETF assets could hit over 3% of market by 2029, Morgan Stanley

Rapid growth of assets in environmental, social and governance (ESG)-focused exchange traded funds (ETFs) could see them hit almost $600 billion - equivalent to around 3.2% of the total market - by 2029, according to Morgan Stanley.

100 EU Taxonomy-eligible firms identified by Morgan Stanley

Morgan Stanley has identified 100 listed European companies which it believes generate revenues eligible under the EU Taxonomy, but said data limitations constrain fuller assessment

Bank of America becomes third US lender to join carbon accounting initiative

Bank of America (BoA) has joined the Partnership for Carbon Accounting Financials (PCAF), the third major US lender to join the initiative in the past week, as pressure builds on financial institutions to tackle the emissions of their lending and investment portfolios.

AgriFunds urged to improve natural capital risk disclosure

Food and agriculture funds have been urged to improve reporting on nature-related risks, after a report showed major investors in the sector were materially exposed to the financial risks associated with natural capital threats.

Morgan Stanley builds impact into multi-asset fund

Morgan Stanley Investment Management has launched a multi-asset fund that aims to provide "a measure of downside protection in volatile markets", as well as to incrementally increase investments in companies with potential to create positive environmental or social impact.

Sustainable debt market transformed by Covid-19 impact in H1

Energy efficiency outperforms amid 'enduring appeal'

Resource efficiency-focused investments have outperformed since the start of 2020, WHEB Asset Management tells Ahren Lester, as customers and investors recognise their "enduring appeal" despite the economic shock caused by the coronavirus pandemic

Insurers' oil and gas activities to be next under spotlight

Re/insurers around the world should limit their support for oil and gas projects and have until mid-September to explain the measures they are taking to reduce exposure to the sector, according to environmental NGOs.

Bond round-up: Unédic, Snam, Castle Peak, Northern States Power, Symbiotics ... and more

Business alliance calls for major changes to UK policy following pandemic

UK-based business alliance The Aldersgate Group has called for a wide range of green-based policy responses to guide the economic rebuild in the wake of the Covid-19 pandemic.