Sustainability consulting firm ERM announced an agreement to acquire the Environmental Division of NewFields Companies. According to ERM, the acquisition is aimed at expanding its offerings in remediation and environmental services, and enhancing its ability to help clients manage liabilities and risks. Atlanta-based NewFields is an environmental, engineering, and construction management consulting firm, and its Environmental Division provides consulting, site…
Sodali Appoints Andrew Benett as New CEO
Global shareholder services advisory firm Sodali announced today the appointment of Andrew Benett as its new CEO. Bennet joins Sodali from global professional services firm PwC, where he served as a Partner for the firm’s Corporate Strategy and Sustainability Strategy Consulting businesses, including as Lead US Partner for all Sustainability Consulting GTM activities across the firm. His prior senior management roles…
Grameen Crédit Agricole Foundation and partners launch climate fund to empower women
The Grameen Crédit Agricole Foundation, in partnership with Beyond Finance and FosterImpact, has launched the Women Empowerment for Climate fund, aiming to raise $100m to invest in projects dedicated to empowering women to successfully implement policies to adapt to climate change. The fund is dedicated to sectors that primarily benefit women’s climate adaptation in Asia and Africa, targeting three key…
WisdomTree launches metals ETF to spotlight energy transition themes
WisdomTree has rolled out the the WisdomTree Strategic Metals UCITS ETF, which seeks to target exposure to the metals driving the energy transition. The strategy, which has a 0.55% total expense ratio, will list tomorrow (15 January) on the London Stock Exchange. It is also available to European investors on the Börse Xetra and Borsa Italiana. Classified as an Article…
Schroders Wins $6.3 Billion Sustainable Investing Mandate from SJP
Global investment manager Schroders announced that it has been awarded a £5.2 billion (USD$6.3 billion) sustainable investment mandate by UK wealth manager St. James’s Place (SJP), as the new manager of the SJP Sustainable & Responsible Equity fund. The announcement forms part of a series of changes by SJP to the fund, including an increased focus on sustainability, which SJP…
Net Zero Investor Coalition Hits Pause After BlackRock Exit
The Net Zero Asset Managers (NZAM) initiative, a major multi-trillion dollar group of investment managers committed to supporting the goal of net zero greenhouse gas emissions by 2050, announced that it will suspend its primary activities, as it moves to adapt to a changing political and regulatory environment. The move follows an announcement by BlackRock, the largest global investment management…
NZAM suspends activities in the wake of BlackRock’s exit
The Net Zero Asset Managers initiative (NZAM) has announced it is “suspending activities” following the departure of BlackRock from its list of signatories. In a statement posted to its website, NZAM said recent developments in the US and different regulatory and client expectations in investors’ respective jurisdictions have led it to launch a review of the initiative to ensure NZAM “remains fit…
Aegon to close its UK Sustainable Opportunities fund due to weak growth
Aegon Asset Management is set to close its £130m UK Sustainable Opportunities fund, citing weaker-than-anticipated growth since the fund’s launch. Shareholders were notified in December of Aegon’s intention to close the Aegon UK Sustainable Opportunities fund on 31 January 2025. A spokesperson at Aegon told PA Future: “Since the fund launched, its size has not grown as anticipated. Having reviewed the funds’…
Fixed income outlook 2025: Ample opportunity for sustainable active managers
The investment landscape “looks as uncertain as it has for some time”, with growth, inflation, monetary and fiscal policy, politics and geopolitics all potential drivers of volatility. However, in many countries across the globe, fiscal policy and regulatory support for sustainability are progressing, with corporate disclosure, fund labelling and green bond standards – among many other incentives – coming into…
Tracker Group appoints Chow as CEO
The Tracker Group, home to the Carbon Tracker and Planet Tracker brands, has appointed Christine Chow (pictured) as its chief executive. Chow brings 27 years’ worth of finance experience with a specific focus on sustainable and impact investing. Chow has held global executive leadership roles at UBS, Credit Suisse, HSBC, Schroders and Federated Hermes. Alongside this, Chow is also the board chair…