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.
ESG funds outperform, despite investor concern
Sustainable funds grow globally despite regional outflows
While global sustainable assets continued to rise, large outflows in many regions slowed the global pace of investment in the first quarter of 2023.
Paris-aligned benchmarks boom but are they helping the transition? Part two
Asset owners are placing money in Paris-aligned benchmarks at a quickening rate but questioned whether they facilitate the transition. Michael Hurley reports
Expect further PABs upheaval following EU's SFDR answers, says Morningstar
Recent clarification on how EU regulators should enforce the Sustainable Finance Disclosure Regulation (SFDR) is likely to see a further wave of fund reclassifications among users of Paris-aligned benchmarks (PABs), according to Morningstar.