Archive

ISS to provide anti-ESG proxy voting service to US public pensions

ISS has made proxy voting guidelines available to US public pensions which have been "designed for investors who wish to counter the promotion of ESG ideology by political activists".

Free climate data platform targets more partners as it looks to build coverage

The organisation developing the Net-Zero Data Public Utility (NZDPU) is seeking to use its partnership with the Monetary Authority of Singapore (MAS) as a model for working with regulators and other data organisations as it seeks to boost its coverage.

NBIM excludes three portfolio companies for 'unacceptable' environmental risk

Norges Bank Investment Management (NBIM) has removed three companies from its Government Pension Fund Global amid "unacceptable" environmental risk.

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

Phasing out fossil fuels requires new transition-away products, says Natixis

Innovative financial tools and products are needed to 'transition away' from fossil fuels and exit 'brown' activities, said Natixis CIB.

Nuveen creates Scope 1 and 2 emissions database, as data providers lack 'high quality'

Scope 1 and 2 emissions data from data providers is "not of high quality", Nuveen has claimed, as the investment manager said it created a proprietary database to manually record this data for its Global Real Estate Carbon Reduction Fund.

BlackRock backs German low-carbon transition with $200m investment

BlackRock has made a $200 million investment in a German solar business through its recently launched Global Renewable Power IV fund.

SEC poised to unveil hotly anticipated climate rule

The US Securities and Exchange Commission (SEC) is to unveil its hotly anticipated climate rule next week, when commissioners will vote on adoption of the file.

ICMA working group considering including avoided emissions in bond, loan principles

The International Capital Market Association (ICMA) has set up a working group to consider including 'avoided emissions' in principles for sustainability bonds and loans.

EU due diligence rules 'back to square one' as countries reject text

The EU's Corporate Sustainability Due Diligence Directive (CSDDD) is in peril after EU member states voted down the latest text, forcing it back to the European Parliament just three months before the end of its mandate.