Morningstar fined by regulator in anti-greenwashing action
Morningstar has paid the Australian financial regulator AUD29,820 ($19,612) after it alleged the company retained exposure to weapons manufacturers via its ESG-themed funds despite claiming it excluded such companies.
Expect more fossil fuel meddling at COP28, says Morningstar
It is unsurprising that the UAE reportedly sought to use COP negotiations to further fossil fuel interests - and it is likely that oil and gas companies will look to further change the narrative in their favour at this year's conference, according to Morningstar.
Climate adaptation work at COP28 can learn from biodiversity, Morningstar says
With a growing focus on climate adaptation expected at COP28, there are lessons to be learnt from assessing the inherently local nature of impacts and dependencies on biodiversity, Morningstar has said.
COP28 cannot 'succumb to doomism' on 1.5°C
COP28 must not "succumb to doomism" on the 1.5°C target and risk losing much-needed ambition, Morningstar has warned.
Article 9 funds attracted 'a new low' in Q3 2023
US asset managers decline to back 'over-reaching' E&S resolutions
Support for environmental and social shareholder resolutions fell by 10 percentage points in the 2023 proxy season, with asset managers arguing the motions were often 'overly prescriptive' or 'redundant', Morningstar Manager Research has found.
UBS AM downgraded in Morningstar's ESG ranking
US asset manager climate ambition 'reversed' amid ESG backlash, research says
US and Japanese asset managers have been named the worst offenders for climate inaction, with the climate ambition of US managers "reversing" progress from recent years, according to analysis by InfluenceMap.
MSCI, Bloomberg among big-name signatories to Japan ESG data code of conduct
Major data providers MSCI and Bloomberg are among 17 signatories to a Japanese code of conduct for ESG data, the country's regulator has revealed.