The Net-Zero Banking Alliance, a UN-backed coalition of banks aimed at advancing global Paris Agreement climate goals through their financing activities, announced a series of significant changes to its framework and principles for members, including eliminating a mandatory requirement for banks to align lending and capital markets activities with the goal of limiting global warming to 1.5°C. The changes follow…
Both direct and indirect investors in globally integrated supply chains face significantly increasing climate risks and extreme weather hazards, according to a report on global food supply chains commissioned by the First Sentier MUFG Sustainable Investment Institute. The report – Climate Risk and Adaptation in Global Food – emphasises the world is on track to 2.5°C of global warming by 2050,…
Franklin Templeton has launched two exchange-traded funds (ETFs) tracking sustainable versions of the S&P 500 and S&P World indices. They will track the S&P 500 Guarded and S&P World Guarded, which re-weight their original indices based on ESG scores and exclude controversial companies (such as those involved in coal, tobacco and controversial weapons). In doing so, the S&P 500 Guarded…
Adding an ESG term to the name of a fund has “a significant impact” on fund inflows during the five quarters following the name change, according to the latest study published by the European Securities and Markets Authority (ESMA). The report – Fund names: ESG-related changes and their impact on investment flows – shows that adding an ESG term can…