Regulators scrutinize ESG more closely as greenwashing explodes
Researchers have raised questions about the credentials of money managers who claim they are marketing funds designed to address the climate crisis and social injustice.
Author: Bloomberg News
-
-
Deutsche Bank’s DWS rejects claims it overstated ESG assets
At least 10 senior bankers and numerous junior employees across the world’s largest wealth management market have left, according to people familiar with the matter.
-
UBS, State Street among firms whose green funds fall short
More than half the climate-themed funds reviewed by a nonprofit failed to live up to the climate goals set out in the Paris Agreement, while just over 70% of funds promising ESG goals fell short.
-
Bain Capital to create ESG hedge fund
Long-short strategy launching by October to focus on global consumer, tech, financial and healthcare stocks with $1 billion or more.
-
Bankers face less pay if they fail on sustainability metrics
Most of 20 major European banks are working on or already have pay models that tie remuneration and ESG risks.
-
Quant with $135 billion in assets adjusts ESG model
Man Group CIO of ESG funds says these investments have too short and bumpy a history to just back-test.
-
Climate report to add pressure on governments to decarbonize
UN-backed panel on climate change warns time is running out to stop global warming from exceeding 1.5 degrees Celsius.
-
Nasdaq wins SEC support for plan to diversify boards
The exchange will direct its listed companies to pursue board diversity — by having at least one female board member and at least one who identifies as a member of an underrepresented minority or LGBTQ — or explain why they don’t.
-
Residential solar firm looks to introduce green bond
Sunnova Energy prepares to take advantage of boost in U.S. homeowners seeking greener power.
-
SEC set to approve Nasdaq diversity board proposal
By Aug. 8, Securities and Exchange Commission is expected to review the Nasdaq plan, aimed at trying to boost the number of minorities and women on the boards of companies trading on the exchange.
-
Pension funds talk green but hold billions in polluter stocks
The 10 largest public pension funds devote about 9% of their combined equity holdings to 20 high-carbon emitting companies, according to Bloomberg Intelligence.
-
Gensler says SEC will propose climate risk rules by year-end
The SEC chairman signals that the disclosures about the risks corporations face from climate change may appear in the mandatory filings public companies make to the agency.