Industry experts anticipate MAS-led digital ESG platform will improve sustainability reporting across the real economy and financial sector. A platform due to go live this quarter in Singapore could provide a new model for sharing decision-useful, standardised and compliant ESG data with investors and other stakeholders, according to participants. Led by the Monetary Authority of Singapore (MAS), the country’s central…
Singapore to Require Sustainable Aviation Fuel Use on All Departing Flights from 2026
Singapore Minister for Transport Chee Hong Tat announced today the launch of the Singapore Sustainable Air Hub Blueprint, outlining a series of key actions aimed at decarbonizing Singapore’s aviation sector, including new rules mandating that all departing flights be required to use sustainable aviation fuel (SAF), beginning at 1% from 2026, and expected to increase in following years. The blueprint…
Investing in vaccines today will better position the world of tomorrow
Investment managers have highlighted the areas of opportunities within vaccines, specifically the advance in technology and opportunity to improve health equity as key areas of investment in 2024. As ESG Clarity’s global outlook for 2024 recent highlighted, healthcare has been earmarked as an area of focus by fund managers this year. This coincided with an overriding agreement that the climate…
When the ESG tourists leave
At a the New York Times conference in late 2018, BlackRock CEO Larry Fink proclaimed that “demand for ESG [environmental, social, and governance] is going to transform all investing.” Less than five-years later, at the 2023 Aspen Ideas Festival, Fink was referring to the “weaponisation of ESG….by the far left and … the far right”. The increased politicisation of the ESG to which…
Investor ‘disappointment’ as JPMAM and State Street exit CA100+
The announcements that asset manager giants have left the Climate Action 100+ (CA100+) initiative has caused responsible investors to review positions in their funds, while others have said the move is “not surprising” for passive players. On Thursday (16 February), Reuters reported JP Morgan Asset Management (JPMAM) and State Street Global Advisors will not be renewing membership of the investor-led…
AXA IM to Vote Against Companies Lobbying Against Climate Goals
Global asset manager AXA Investment Managers (AXA IM) announced today that it has updated its corporate governance & voting policy with more stringent ESG expectations for companies, including a pledge to target high emissions companies lobbying against the goals of the Paris Agreement. According to AXA IM, the new policy comes amidst an intensifying political backlash against climate-related regulation, contrasting…