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Proposed EU Financial Services Commissioner to Push for Sustainable Investment Product Labels, Reduced Reporting Burdens

ESG Today

In her confirmation hearing on Wednesday, Albuquerque expressed her position that the EU’s Sustainable Finance Disclosure Regulation (SFDR) could more effectively address greenwashing risk with the introduction of a labelling regime that communicated clearly the sustainability attributes of investment products.

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The incredible shrinking climate ambitions of the world's largest asset managers

Corporate Knights

And it is just the beginning,” said Guterres, on the same day that scientists announced that July 2023 was tracking to be the hottest month ever recorded in human history. “It FinanceMap’s 2023 report analyzed $16.5 times higher exposure to green investments than the average asset manager. Climate change is here.

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Investment Flows into Transition-Focused Funds Doubles Green Funds: ESMA

ESG Today

In its semi-annual Trends, Risks and Vulnerabilities (TRV) report, ESMA notes the need for “significant public and private sector financing” to achieve the EU Green Deal objectives and support the green transformation of the economy. leading to increasing caution towards ESG investing and shareholder engagement.

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SFDR: Market Divided on Future of Article 8, 9 Funds

Chris Hall

Article 8 funds promote “environmental and/or social characteristics”, while Article 9 refers to products that have a sustainable investment objective; all holdings within a fund must be sustainable investments that meet the standard of “do no significant harm”.

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U.S. sustainable investing assets plunge by more than US$8 trillion

Corporate Knights

Sustainable investing assets in the United States have plunged by more than half to US$8.4 trillion at the end of 2019, according to a new report from the US Forum for Sustainable and Responsible Investment (US SIF). Sustainable investing assets skyrocket post 2014. trillion at the end of 2021 from US$17.1

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BMW Invests $750 Million to Convert UK MINI Plant to All-Electric Production

ESG Today

The announcement marks a win for the UK’s Sunak government, which has set goals to establish itself as a hub for sustainable investment, but has come under fire for not sufficiently responding to the clean energy and industry packages launched by other major economies the U.S.

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Momentum Building on the Path to 2050

Chris Hall

Tim Day, Investment Fund Manager at Trina Solar, explains the importance of Europe’s sustainable investment community in the growth of solar power. EU regulation goes hand in hand with a decade-long trend of increased focus on green investment in the EU.