US sustainable fund flows drop to lowest level in 7 years
A 20% decline in AUM from record high
Author: Laura Miller
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FCA dismisses fund industry ‘green bubble’ disaster talk in SDR grilling
IA chief Chris Cummings expressed concerns of ‘potential bubbles’ as investors rush to narrow range of sustainable funds
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Extreme weather is impacting real estate portfolios
Heatwaves, floods and storms are becoming very common in many parts of the world
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CBRE IM boosts sustainability team
ESG lead appointed for indirect real estate team
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Consumer Duty forces ‘new scrutiny’ on finance sector governance
FCA rule comes into force in July
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AXA IM links senior pay to ESG goals
Will use a number of metrics including carbon intensity in portfolios
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Women board members increase after diversity push
Of the top 500 companies, above average profits were reported at almost 90% of those led by women
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AllianceBernstein launches diversity-focused equity fund
Uses a proprietary framework to evaluate DEI
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Aviva donates £10m to Woodland Trust
It will fund projects that will remove around 330,000 tonnes of carbon from the atmosphere
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‘No evidence’ pension fund TCFD reporting driving change on climate
Some pension funds ‘only viewing it as a compliance obligation’
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Global Returns Project partners with UK wealth firm on climate portfolio
Leading Edge will now be able to offer GRP’s portfolio of climate philanthropy investments
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Indonesia identifies first coal plant to retire early
The country is the world’s biggest thermal coal exporter and heavily reliant on the fuel for electricity