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…
EBA Releases Requirements for Banks to Manage ESG Risks
EU banking supervisor The European Banking Authority (EBA) announced the release of its final Guidelines on the management of ESG risks, setting out requirements for banks to identify, measure manage, and monitor ESG risks, and detailing requirements for banks’ plans to monitor and address the financial impact of risks, including those stemming from the EU’s transition to climate neutrality by 2050….
McDonald’s Retires DEI Goal Setting
McDonald’s announced a series of significant changes to its social goals, including the retirement of its representation goal-setting, and ending its supply chain Mutual Commitment to Diversity, Equity and Inclusion (MCDEI) pledge, which included commitments by participating suppliers such as the implementation of a DEI strategy. In a letter to McDonald’s owners, operators, employees and suppliers, however, the company reiterated…
U.S. Allocates $6 Billion Tax Credits to Support Clean Energy, Industrial Decarbonization Projects
The U.S. Internal Revenue Service (IRS) announced the allocation of $6 billion in tax credits to more than 140 projects aimed at funding infrastructure projects that add to U.S. clean energy and critical materials production and industrial decarbonization capacity. The new allocations are funded by the Inflation Reduction Act (IRA), and are the second round of IRA tax credits being…