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ESG Is Having Growing Pains. Here's What Comes Next.

3BL Media

Demand for sustainable, socially conscious investments skyrocketed overnight, with many organizations eager to jump on the bandwagon. 3] A4S, “Business and Finance Community Respond to the Proposed IFRS Sustainability Disclosure Standards,” July 2022. The fact is, ESG has come of age in a bit of a “Wild West” environment[2].

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AllianceBernstein Commits to Net Zero Pathway

3BL Media

AB to align operations and range of investment strategies with 1.5-degree and LONDON, July 29, 2022 /3BL Media/ - AllianceBernstein L.P. (“AB”) The firm views its net zero approach and these building blocks as consistent with its current investment processes and will continue to conform to all portfolio and client guidelines.

Net Zero 264
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The nuclear option

Corporate Knights

W ith the nuclear calamities of Three Mile Island and Chernobyl fresh in the public mind, the 1980s saw a number of socially responsible investment funds pledge to keep nuclear energy out of their portfolios. By 2022, the conversation around nuclear was shifting around the globe. Decades later, that consensus is now breaking down.

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ESG Acronyms and What They Mean

3BL Media

The Sustainability Accounting Standards Board (SASB) was consolidated into the International Sustainability Standards Board (ISSB) in 2022. As of August 2022, the IFRS Foundation assumed responsibility for the IR Framework. As a result, no further work or guidance will be produced or published by CDSB.

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Fidelity Launches Two New Article 9 Paris-Aligned Corporate Bond ETFs

ESG Today

The asset manager in March launched the Fidelity Global Government Bond Climate Aware UCITS ETF, tracking the Solactive Paris Aware Global Government USD index, which offers exposure to the performance of global local currency bonds of investment grade countries.

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AI Governance Pushes Digital Risks to ESG Forefront

Chris Hall

However recent advances in AI, not least, OpenAI’s ChatGPT exploding into the mainstream has seen AI and ESG simultaneously gaining increasing shares of the limelight in public discourse. At the end of 2022, a report by PwC forecasted that the number of ESG-related AuM will rise to US$33.9 trillion by 2026.

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Asia’s Investors Slow to Issue Net Zero Mandates

Chris Hall

More than 40% of asset managers said the absence of client mandates aligned with net zero was a key barrier to climate action, in a survey on trends in climate-conscious investment practice conducted by the Asia Investor Group on Climate Change (AIGCC).