US sustainable fund outflows accelerate in Q3 but Europe remains resilient
Latest Morningstar update shows sustainable assets fell in value albeit less than traditional counterparts
Europe
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Green bonds propel 2023 global ESG debt market
Issuance exceeds $505bn
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Mifid II sustainability requirements not understood by European wealth managers
13% admit they do not know what the directives are
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Castlefield hires ex-Barings European equities head for sustainable fund
James Buckley will lead the £22.1m CFP Castlefield Sustainable European Fund
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HANetf rolls out European Green Deal offering
Fund tracks Societe Generale’s SGI European Green Deal index
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Half Europe’s asset managers yet to achieve 40% women on boards
Though boardrooms have ‘visibly evolved’, according to EY Boardroom Monitor
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UK among ‘high risk’ European countries for labour rights
Spain, Italy, and Greece have seen increases in risk associated with forced labour as well
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EU ESG ratings proposal leaves ‘unanswered questions’
Providers must be authorised to provide ESG ratings in the EU
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EU adopts due diligence directive in ‘gamechanger’ for finance
Rules on investor due diligence in final text voted for in parliament yesterday
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European private equity managers ‘very satisfied’ with ESG regulation
PwC survey finds asset managers are planning to expand their ESG private market offerings
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UK businesses risk fines for missing emissions reporting deadline
The European Corporate Sustainability Reporting Directive comes into force in 2024
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Article 9 ETFs underperform Article 8 counterparts on SFDR indicators
Study also finds misalignment with SDGs in Article 9 ETFs