Author: Bloomberg News

Seeking to prevent greenwashing, European Commission to propose mimimum sustainability criteria for ‘light green’ funds.

The fund manager announced that starting next year, some of its institutional clients will be able to play a bigger role in shareholder votes.

The bank signed a pledge to align its lending and investment portfolios with net-zero emissions by 2050, joining a group of more than 40 rival financial firms.

Companies that pose a climate risk may face higher prices and loan denials from banks that don’t want to have to possibly increase their own capital requiremnts.

Pioneer ING says credibility of loan market tied to sustainability performance is at risk.

European investment managers beginning to drop ‘ESG integrated’ from company filings amid concern that regulators will no longer tolerate vague descriptions.

Investors, academics and more wonder if a climate reckoning is coming for the world’s government debt.

Vanguard has just one employee to monitor climate issues for every 300 of its portfolio companies and it lacks a policy to divest some funds from coal producers, according to a report from Universal Owner.

Municipal bond exchange-traded funds have attracted a record amount of cash this year as investors try to shield income from potentially higher levies under the Biden administration.

All of the asset manager’s new exchange-traded funds integrate sustainable investing criteria, with three investing in equities and two focusing on fixed income.

For several months, SEC examiners have been demanding that money managers explain the standards they use for classifying funds as environmental, social and governance-focused.