Archive

US attorneys allege financial giants breached fiduciary duties with ESG strategies

Morgan Stanley follows Citi, BofA out of Net Zero Banking Alliance

US banks Morgan Stanley, Citi and Bank of America have all left the Net-Zero Banking Alliance (NZBA), adding momentum to an exodus from sector-specific initiatives under the Glasgow Financial Alliance for Net Zero (GFANZ).

People Moves, 1 November: Morgan Stanley, IIGCC, CIP, Flag

Just Climate invests $150m in Indian industrial decarbonisation business

US banks lament data gaps in first Fed climate scenario analysis

The Federal Reserve's first climate scenario analysis of the country's six largest banks exposed widespread data gaps that threaten to undermine the accurate assessment of climate-related risks.

Church of England to back climate disclosure shareholder proposals for US banks

The Church of England Pensions Board will vote in favour of measures that could force several US banks, including Bank of America, Goldman Sachs and Morgan Stanley, to disclose the level of their fossil fuel financing relative to that for clean energy.

Mediolanum adds two 'multi-manager' ESG funds

Sustainable funds outperformed traditional funds in 2023 by 'almost 50%', Morgan Stanley finds

IIGCC to step up pressure on banks to demonstrate action on net zero

A group representing investors with €65 trillion ($70 trillion) in assets under management has published a set of expectations for banks, as they push for more details on how banks will act on pledges to achieve net zero emissions.

Engage countries on economic freedoms to bring ESG benefits, says MSIM

Investors are "less credible" when engaging with policymakers on ESG, and should focus instead on improving economic freedom, Morgan Stanley Investment Management (MSIM) told Environmental Finance.