Financial fails on climate action, more risk tools and carbon market volatility continues
In this week’s roundup, we explore the latest news to affect investment trends and perspectives in the climate and sustainability space.
Morningstar
Physical climate risk is no longer someone else’s problem: Morningstar
Companies are becoming more financially exposed to the devastating impacts of climate change, according to the latest analysis from financial services firm Morningstar Sustainalytics.
Climate Vault raises over $9m for carbon impact
US-based Climate Vault has raised $9.4m to develop its unique approach to greenhouse gas (GHG) impact in the voluntary carbon markets.
ESG funds show no performance trade-off: Morningstar
Morningstar’s latest analysis of ESG investment product performance shows that there is no performance trade-off over the medium- to long-term.
Biodiversity plans, materiality and anti-ESG funds
Sustainable Growth Out Loud brings you fortnightly episodes on ESG, net zero and energy transition, helping you and your business stay on top of the latest developments. Hosted by SG Voice journalists Giulia Bottaro, Felicia Jackson and Heather Dinwoodie.
The rise of anti-ESG funds and how the market is reacting
The anti-ESG sentiment in the US has led to the launch of funds looking to attract like-minded investors, but the appetite seems limited.
Corporate net zero progress continues to disappoint
Yet more studies are showing that companies are not on track to reach net zero by mid-century and climate goals are at the bottom of the priority list, which is disappointing considering that we need to address the triple crisis of climate, nature, and pollution. Major polluters are feeling the pressure from external and internal stakeholders.
Asset managers are not invested in biodiversity proposals
Investment managers have not been voting in favour of biodiversity proposals over the last decade’s proxy seasons, raising questions over their engagement policies.
Global sustainable bond assets hit $516bn amid investor demand
Green bonds continue to dominate the global sustainable bond landscape, which continues to grow in size and diversity.
Pension funds show ‘deep frustration’ with BP ahead of AGM
Pension funds are expressing “deep frustration” with the net zero strategy of BP (LON: BP) as the firm’s chairman, Helge Lund, looks to be re-elected at the supermajor’s AGM.