Re-categorisation marks latest shift to bolster sustainable investment and analytical resources, as focus on smaller firms offers greater impact for investors. Investment management firm Matthews has moved its last six UCITS funds to Article 8 to better meet demand from European investors seeking investment opportunities in Asia and emerging markets. The shift means Matthews’ funds now comprise 14 Article 8…
SEC Approves Scaled-Back Climate Disclosure Rules
The U.S. Securities and Exchange Commission (SEC) announced today the approval of its long-awaited requirements for climate-related disclosures for U.S. public companies, requiring companies for the first time to provide information in annual reports and registration statements on climate risks facing their businesses, plans to address those risks, the financial impact of severe weather events, and, in some cases, greenhouse…
New York Launches Greenwashing Suit Against World’s Largest Beef Producer JBS
New York Attorney General Letitia James announced the launch of a new lawsuit against JBS USA, the U.S. subsidiary of Brazil-based protein giant JBS Foods, the largest global producer of beef and poultry, alleging that the company has made a series of misleading statements about its environmental impact, including its claim that it will achieve net zero greenhouse gas emissions…
Invesco Joins List of Investors Exiting Climate Action 100+
Global asset manager Invesco has withdrawn from Climate Action 100+, a climate-focused investor network focused on engaging with companies to reduce their greenhouse gas emissions and implement climate transition plans. The firm’s withdrawal forms the latest in a growing series of investors who have recently chosen to exit the group, which now include JPMorgan Asset Management (JPMAM), State Street Global…
EU Lawmakers Agree on Rules to Ban Products Made with Forced Labor
Lawmakers in the European Parliament and Council announced that they have reached a provisional agreement on new rules banning products made with forced labor from being sold on the EU market, or exported. The agreement follows an initial proposal by the European Commission in September 2022 aimed at addressing modern slavery, directing customs authorities to identify and stop products made…