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Investment management firm Fidelity International announced that it has revised its sustainableinvesting framework, launching a new 3-tiered system categorizing funds by their level of ESG integration, citing an evolving ESG client and regulatory landscape.
Europe, and Japan, “close to 80% of individual investors believe that it is possible to balance market rate returns with a focus on sustainability,” notes Jessica Alford, chiefsustainabilityofficer of the company. The survey was conducted by Morgan Stanley Wealth Management and the Institute for SustainableInvesting.
Yesterday’s raids by German police follow action brought against the firm by the US Securities and Exchange Commission (SEC), relating to evidence provided by former ChiefSustainabilityOfficer Desiree Fixler that DWS exaggerated the extent to which ESG principles were followed in funds marketed as sustainable.
Against a backdrop of inflation, supply chain issues and a rising cost-of-living, UK leaders are steadfast in their environmental commitments as they view sustainability action as a means to offset economic uncertainty.
Almost all major listed companies, even those in the energy or mining sectors, have established CSR or sustainability departments, appointed chiefsustainabilityofficers, or have a CSR committee on their boards. The numbers speak for themselves: According to the Global SustainableInvestment Alliance, over $35.5
There’s a risk of engagement washing just in the same way that there is of greenwashing,” said Venetia Bell, Group ChiefSustainabilityOfficer at Gulf International Bank and Head of Strategy at GIB Asset Management, a sustainableinvestment firm.
The FCA’s SDR requirements were introduced by the regulator in November 2023 , aimed at helping investors assess the sustainability attributes of investment products, and to avoid greenwashing risk, to portfolio managers. The firm added that it is reviewing opportunities for further SDR label adoption in its fund range.
Fidelity International has made revisions to its sustainableinvesting framework to adjust to a changing ESG regulatory landscape, aiming to provide investors with greater transparency on its funds. Last year, the UK’s Financial Conduct Authority added a ‘ Sustainability Mixed Goals ’ label to its Investment Labels regime.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Boeing Announces Public Launch of Data Tool to Assess Aviation Decarbonization Solutions Carbon Removal Buyers Group Frontier Announces First $53 Million Offtake Agreement Svante, 3M Partner to Develop Material to (..)
The global investment community is walking a “tightrope” between greenwashing and green blushing as it strives to stay abreast of regulatory developments that continuously ramp up accountability on sustainableinvesting, industry sources have sad. That pace of change is here to stay.”
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Microsoft Purchases Carbon Credits Helping U.S.
“A number of asset owners have set their decarbonisation targets and are now realising they have to also support the transition and need to incorporate this into their sustainableinvestment strategies,” Nazmeera Moola, Ninety One’s ChiefSustainabilityOfficer, tells ESG Investor. .
With nature more broadly, there are further layers of complexity,” said Eric Nietsch, Head of SustainableInvesting, Asia, Manulife Investment Management. We can’t just preach to the converted around this table,” Esther An, ChiefSustainabilityOfficer, City Developments Limited. “We Humans never learn.
This week in ESG news: Canada to require oil & gas industry to slash emissions; California’s climate reporting law survives legal challenge; Mizuho invests in climate solutions provider Pollination; new clean energy deals signed by H&M, Meta, Saint-Gobain; incoming EU finance Commissioner calls for sustainableinvestment labels, reduced SFDR (..)
Overall, the survey found that 78% of asset managers and 80% of asset owners globally expect assets in sustainable funds to grow in the next two years, with only 3% in each group expecting a decline in sustainableinvestment allocations or AUM over the same period.
In todays economic and political landscape, chiefsustainabilityofficers who can quantify the value of initiatives have a better chance of winning internal and investor funds for those initiatives.
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