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France Bans Fossil Fuel Companies from Responsible Investment Labelled Funds

France Bans Fossil Fuel Companies from Responsible Investment Labelled Funds

France’s Minister of the Economy, Finance and Recovery Bruno Le Maire announced today a series of updates to the French Socially Responsible Investment (SRI) label, aimed at making the label more demanding and climate-oriented, including new rules that would effectively exclude most oil and gas companies from SRI-labelled funds. The SRI label was launched by the French Ministry of the…

Water Security “Low Down” To-do List for Investors 

Work on filling data gaps and capacity building needed to shine a light on water security risk.    Water impacts are key data gaps across multiple financial risk areas including credit risk ratings and climate risk.   This theme cut across a panel discussion focused on water stress at ESG Investor’s Nature Data for Institutional Investors event.  John Willis, Director…

CFA Institute Launches Climate Investing Certificate

CFA Institute Launches Climate Investing Certificate

Global investment professional association CFA Institute announced today the launch of a new Climate Risk, Valuation, and Investing Certificate, aimed at providing financial professionals with climate-related investment expertise, and to integrate climate considerations into valuation and portfolio construction processes. According to CFA Institute, the new certificate is being launched to meet the growing market demand by investment firms for staff…

Location Data “Crucial” to Identifying Nature Risks

Lessons learned by investors from climate risk management can be applied to nature where “urgency is paramount”.  Investors are prioritising location-specific data as they seek to use the recommendations of the Taskforce for Nature-related Financial Disclosures (TNFD) framework to “conceptualise” their nature risks, impacts and dependencies.  Speaking at ESG Investor’s Nature Data for Institutional Investors event on 2 November, Miriam…

American Century Investments Launches Strategy Targeting Value Companies Benefiting Improving Sustainability Profiles

American Century Investments Launches Strategy Targeting Value Companies Benefiting Improving Sustainability Profiles

Asset manager American Century Investments announced the launch of American Century Global Sustainable Value Equity strategy, a new fund aimed at generating strong risk-adjusted returns by investing in undervalued companies that are expected to benefit from improving sustainability characteristics. Sarah Bratton Hughes, Head of Sustainable Investing at American Century Investments, said: “Instead of focusing on companies that are already known…

Sustainability in Space: ESG’s Final Frontier

In early October, the Federal Communications Commission (FCC) marked a new chapter in the history of sustainability by fining Dish Network $150,000 for abandoning one of its satellites in an orbit that was well below an acceptable elevation. This action is shining the spotlight on an issue that has been largely ignored until now—the “space junk” that satellite and aviation…

BeZero Launches Carbon Credit Portfolio Construction Solution

BeZero Launches Carbon Credit Portfolio Construction Solution

London-based carbon credit ratings startup BeZero Carbon announced today the launch of a new carbon credit portfolio construction tool, aimed at enabling carbon credit buyers to develop credible net zero strategies, and to understand risk across their carbon credit portfolios. Founded in 2020, BeZero is a ratings agency for carbon markets, providing carbon ratings, research and data products, backed by…

Nature Stewardship Initiatives Focused on Additionality

Nature Action 100 and PRI’s Spring to liaise closely to avoid duplication when engaging with investee firms on nature risks. Nature-focused investor engagement initiatives have committed to “build up as well as out” from existing sustainability-led stewardship programmes, in line with regulatory encouragement to increase collaboration. Speaking at ESG Investor’s Nature Data for Institutional Investors event, Tim Steinweg, Head of Stewardship…

ESG Policy Digest: November 2023

In October 2023, there was a noticeable uptick in ESG policy developments worldwide. The world’s first green bond standards were issued as a regulation in the European Union. Meanwhile, efforts to dilute the European Sustainability Reporting Standards (ESRS) were thwarted as the Members of European Parliament maintained that ESRS would be implemented without modifications, but introduced a delayed timeline for…

Investors Find Mediocre Progress on Living Wage  

Platform for Living Wage Financials’ five-year progress report says work needed on engagement with unions and evidence base of action.   The challenge of moving towards a fair living wage is huge, but some progress is happening, according to Johanna Schmidt, Sustainability Researcher at Triodos, a founding member of the Platform for Living Wage Financials (PLWF), an alliance of investors…