ESG (Environmental, Social, and Governance) is a series of standards that are used to measure the impact that a business or organisation has on the environment and society. It also measures how accountable the business or organisation is for its actions, as well as how transparent it is.
Take Five: Seen and Heard in Tokyo
A selection of this week’s major stories impacting ESG investors, in five easy pieces. The UN Principles for Responsible Investment’s PRI in Person 2023 event offered valuable insights into investors’ current and future ESG priorities. Making the future – The sheer fact of Japan PM Fumio Kishida’s presence at the Principles for Responsible Investment’s annual conference in Tokyo this week…
FCA Plans to Relax Forward-looking Statement Rules Risks Greenwashing
The UK regulator plans to introduce a protected status for some forward-looking statements. Proposals by the UK’s Financial Conduct Authority (FCA) aimed at encouraging listed companies to make more informative forward-looking statements in their prospectuses could lead to a “proliferation in negligent greenwashing”, litigation finance provider Woodsford has warned. Currently, under FCA rules the burden is on an…
FCA Plan to Relax Forward-looking Statement Rules Risks Greenwashing
The UK regulator plans to introduce a protected status for some forward-looking statements. Proposals by the UK’s Financial Conduct Authority (FCA) aimed at encouraging listed companies to make more informative forward-looking statements in their prospectuses could lead to a “proliferation in negligent greenwashing”, litigation finance provider Woodsford has warned. Currently, under FCA rules the burden is on an…
Adaption Finance Key to Avoid Stranded Net Zero Assets – GFI
Policy rethink on capex and opex vital to spur adaptation investments, say experts. Net zero assets risk being stranded if barriers to climate adaptation and resilience are not addressed, Emma Howard Boyd, Chair of the UK’s Green Finance Institute (GFI) has warned. Boyd was speaking at the Organisation for Economic Co-operation and Development’s (OECD) Forum on Green Finance and…
Mirova Launches $2 Billion Energy Transition Infrastructure Fund
Sustainability-focused investment manager Mirova announced the launch of Mirova Energy Transition 6 (MET6), a new investment fund focused on energy transition infrastructure, and supporting decarbonization in Europe. The launch follows Mirova’s announcement last year that its prior energy transition fund, MET 5 succeeded in raising €1.6 billion in less than 18 months, significantly surpassing the firm’s initial €1 billion target….
Water Must Be “Third Peak” in Climate, Nature Challenge
Failure to focus on water-related issues risks derailing efforts to combat climate change and biodiversity loss. Industry experts have underscored the need for water to be considered in tandem with climate and nature-related risks, highlighting the interconnectedness of all three in avoiding planetary boundary tipping points and ecological breakdown. Mathilde Mesnard, Co-ordinator for Climate and Green Finance at the Organisation for…
Infosys, Economist Impact Launch Platform to Track and Address Scope 3 Emissions
Technology, digital services, and consulting companyInfosys and Economist Group division Economist Impact, announced today the launch of the Value Chain Navigator (VCN), a new platformaimed at helping businesses understand and reduce their scope 3 value chain emissions. Scope 3 includes all indirect emissions that occur in the upstream and downstream activities of an organization’s value chain. These can include emissions…
Guest Post: The Bonds Between E, S and G are Stronger and More Important Than Ever Before
By: John McCalla-Leacy, Head of Global ESG at KPMG The world is in flux. The climate crisis is now daily news and we’re witnesses to the damage inaction can cause to our planet. For business leaders, there is a growing in-tray – of risks and daily challenges. Geopolitical and economic uncertainties are impacting the ability of businesses to function and…
Asset Owners Continuing to Increase Allocations to ESG Investments Despite Growing Challenges: Morningstar
Asset owners are increasing allocations into strategies that integrate ESG factors, despite reporting growing regulatory and data quality barriers to ESG implementation, according to a new survey released by investment research firm Morningstar. For the report, “Voice of the Asset Owner Survey 2023,” Morningstar surveyed 500 asset owners, including pension funds, insurance general accounts, family offices and outsourced CIOs in…