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According to a 2021 survey by Morgan Stanley, 99 percent of millennials surveyed were interested in sustainableinvesting, an all-time high. Interest in sustainability persisted despite the COVID-19 pandemic and climate change is the key focus. Read Lana's full article here - [link]. Here's how. .
The European Commissions DG FISMA has emphasised the merits of replacing the Sustainable Finance Disclosure Regulations (SFDR) existing Article 8 and Article 9 labels with formal categories based on clearer criteria. Therefore, replacing this current framework with actual categories with clear criteria is a possibility.
Market participants flag importance of double materiality to enhance Article 8/9 definition alignment, stress need to recognise transition strategies. Risk of uncertainty French asset manager Mirova’s response said the current definition of Article 8 products is “too broad”, while the definition of Article 9 is “too narrow”.
The agreement marks a continued collaboration between HSBC and IFC, following the previous joint launch of the HSBC Real Economy GreenInvestment Opportunity GEM Bond Fund (REGIO), which reached investor commitments of nearly $540 million at final close in 2022.
Is the nuclear industry using a smokescreen of net-zero to cover up its sustainability problems? After months of contentious debate, the EU agreed to add natural gas and nuclear to its EU taxonomy, the official list of acceptable sustainableinvestments to help Europe finance its ambitious climate goals.
With the looming Paris Agreement goal of reducing greenhouse gas emissions by at least 43% by 2030, nations are adopting different approaches to stimulating their green economy and encouraging sustainableinvestment. The UK, meanwhile, is trailing behind in terms of greeninvestment.
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.
Dutch firm’s fifth impact-focused investment strategy launches amid continued demand for Article 9 funds. ING Asset Management’s new SDG Impact Strategy will provide clients with exposure to companies that contribute specifically to the 17 UN Sustainable Development Goals (SDGs), responding to strong demand for ‘dark green’ investments.
End of an era I – The fight against greenwashing inched ahead with the release of final guidelines for naming ESG- or sustainability-related funds by the European Securities and Markets Authority (ESMA).
“Asset managers have always been reviewing and tweaking their funds – that’s nothing new – but as ESG expands across all markets, tweaking is happening with sustainability in mind,” says Hortense Bioy, Global Director of Sustainability Research at research provider Morningstar. Assets in Article 8 and 9 funds reached €4.05
In 2021, China’s Green Bond Endorsed Project Catalogue—its green taxonomy—officially removed ‘clean coal’ and fossil fuel-powered generation, including gas and liquefied natural gas (LNG), from the definition of ‘eligible green project’. This article was originally published on Regulation Asia.
While most of these firms are located in the United States, there are some serious players in Africa and Europe leads in terms of PE support for standards of responsible and sustainableinvestments. billion to invest in companies that provide solutions to environmental or social challenges.
In its review, however, the Commission expressed concern that the Article 8 and 9 classifications were being used as de-facto sustainability quality labels, raising potential greenwashing risks. That is why if I am confirmed, I will look into the possibility of creating a proper labelling system.”
Define your terms – Those seeking transparency of a different kind – ie clarity on what constitutes a sustainableinvestment – might have been disappointed after the European Commission recently declined to offer one in response to requests from regulators.
The latest benchmark report from PwC Luxembourg reflects a challenging year for sustainableinvestment in Europe, but suggests asset owners are becoming more sophisticated and selective in their approach. of the total AUM of Sustainable Finance Disclosure Regulation (SFDR) Article 8 funds and 60.8% billion (US$8.2
I’ve long been interested in climate action, and as I’ve become more interested in investing, I’ve become totally passionate about how to do sustainableinvestment RIGHT – or at least BETTER.
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