7/4/24: Deutsche Bank has raised €500 million through its first-ever social bond offering which provides financing for affordable housing and access to essential services for the elderly or vulnerable
7/3/24: ESG issues are becoming increasingly important among alternative investors, according to a report from Preqin
7/3/24: The New York County Supreme Court has dismissed Wong et al v. NYCERS, a case challenging the decision of three New York City pension funds to divest from fossil fuels
6/28/24: According to a Vontobel global study, a greater percentage of financial advisers are including ESG offerings and business in their client services (62% vs. 53% in 2021)
6/27/24: According to Oliver Wyman and the UK Carbon Markets Forum, the global carbon dioxide removal (CDR) market could reach up to $100 billion a year between 2030 and 2035, if barriers to scale are addressed
6/25/24: The European Central Bank issued its second set of climate-related disclosure, reporting that the carbon intensity of its 367 billion Euro corporate bond portfolio declined 35% from 2021 to 2023
6/13/24: BlackRock has launched five new climate transition ETFs, aiming to "provide access to companies leading in the transition to a low carbon economy."
6/1/24: The World Bank has approved USD1 billion in funding for the Dasu hydropower project in northwestern Pakistan
6/5/24: According to a Morningstar survey, asset owners are continuing to focus on ESG considerations generally and climate in particular
6/5/24: For the first time, sustainability-focused equity funds are experiencing net outflow
6/4/24: According to Diligent and Spencer Stuart's new Sustainability in the Spotlight 2024 report, 96% of corporate boards expect a greater emphasis on ESG and DEI over the next five years – despite the recent pushback
6/3/24: A Deloitte survey found that 70% of M&A leaders surveyed reported abandoning potential acquisitions over ESG and sustainability concerns
6/1/24: The National Bank of Kuwait has issued $500 million in green bonds for the first time in Kuwait's history
5/25/24: JPMorgan Chase announced its aim to finance and facilitate more than USD 2.5 trillion over ten years to advance climate action and sustainable development, with USD 1 trillion dedicated to green initiatives
5/24/24: J.P. Morgan has financed $680 million in tax equity for energy developer Ørsted to assist in the development of new solar and storage projects in Texas and Arizona
5/22/24: A legal memo by Jenner & Block LLP finds no basis in law for claims made by 21 Republican state attorneys general that investors considering climate risks or joining climate initiatives (like Climate Action 100+) are violating antitrust laws or their fiduciary duties
5/22/24: A Reuters analysis found that wealthy nations are disproportionately benefiting from programs that help developing nations adapt and mitigate climate change
5/20/24: The White House has released a factsheet detailing the Biden-Harris administration's actions to expand capital access to small and medium climate businesses
5/17/24: Norway’s sovereign wealth fund (Shell's second-largest shareholder) has requested more information on Shell's weakened 2030 climate targets, but will not support a resolution from 27 shareholders calling for stronger targets
5/17/24: Following a court’s pause of Oklahoma's anti-ESG bill, the Oklahoma Public Employees Retirement System has extended its investment contract with BlackRock
5/17/24: Norway’s sovereign wealth fund (Shell's second-largest shareholder) has requested more information on Shell's weakened 2030 climate targets, but will not support a resolution from 27 shareholders calling for stronger targets
5/14/24: The U.S. 5th Circuit Court of Appeals rejected a challenge of the new U.S. Securities and Exchange Commission proxy vote disclosure rule, requiring investment funds to disclose their votes on ESG issues
5/14/24: Australia announced that it will invest up to $15 billion over the next decade to become a leader in clean energy and renewables
5/14/24: The European Securities and Markets Authority has released its finalized guidelines for ESG and sustainability use in investment funds
5/13/24: Fidelity International has launched two new SDG (sustainable development goals) focused fixed income funds: the Sustainable Social Bond Fund and the Sustainable Global Corporate Bond Fund
5/9/24: According to the Federal Reserve's evaluation, U.S. banks are poorly equipped to model the impact of climate risk on their loan books
5/3/24: The Hong Kong Monetary Authority (HKMA) has released its Taxonomy for Sustainable Finance, akin to the EU Taxonomy, categorizing economic activities by sustainability
5/2/24: According to a report from Moody’s Investors Service, the issuance of green, social, sustainability, and sustainability-linked bonds (GSSS bonds) rose 36% in the first quarter of 2024 to $281 billion
5/2/24: The U.S. Department of Energy is offering up to USD 500 million for projects to expand carbon dioxide (CO2) transportation infrastructure
5/2/24: The issuance of green, social, sustainability, and sustainability-linked bonds (GSSS bonds) rose 36% in the first quarter of 2024 to USD 281 billion
4/30/24: Citigroup has financed USD 441.2 billion toward sustainable finance, nearly reaching half of its goal of $1 trillion by 2030.
4/29/24: During a Special Meeting of the World Economic Forum in Riyadh, the Minister of International Cooperation, Rania Al-Mashat, highlighted the disparity in climate finance flows and the critical need for climate investment in developing countries
4/25/24: The Net Zero Insurance Alliance, created to reduce the insurance sector’s GHG emissions, will be disbanded and replaced with the Forum for Insurance transition to Net Zero (“FIT”).
4/24/24: In the first quarter of 2024, flows into European ESG exchange-traded funds (ETFs) dropped significantly, with net flows totaling €7.1 billion, down from €13.8 billion in the previous quarter
4/22/24: BlackRock forecasts that the global energy transition will require $4 trillion annually by the mid-2030s, double previous expectations
4/22/24: The Biden-Harris Administration is providing USD 7 billion in grants to deliver residential solar projects to over 900,000 households nationwide, aiming to save low-income Americans USD 350 million annually
4/19/24: The Monetary Authority of Singapore has allocated S$35 million to enhance the skills of specialists in sustainable finance, partnering with the Institute of Banking and Finance to introduce a new Sustainable Finance Jobs Transformation Map (JTM)
4/15/24: Robeco has announced new climate transition investing strategies to support global sustainability goals
4/12/24: European investor demand for ESG investments remains steady, resisting the anti-ESG pushback seen in the United States
4/11/24: Standard Chartered, KPMG, and the United Nations have launched a roadmap to boost climate adaptation funding before COP29
4/9/24: Despite pledges by the G7 to stop financing fossil fuel projects overseas, the world's biggest economies have reportedly continued to invest billions of dollars in such projects in developing nations
4/7/24: A study conducted by Morning Consult indicates significant public, consumer, and investor support for ESG principles.
4/4/24: Mitsubishi UFJ Financial Group (MUFG), a Japanese banking group, has announced several new sustainability initiatives and updated its sustainable finance goals
4/2/24: More than 80% of professional American investors report having ESG policies – a higher percentage than their European peers (75%) – despite the proliferation of anti-ESG campaigns in the U.S
4/1/24: The World Bank approved a $750 million green loan to Colombia to increase its climate resilience
3/31/24: A recent survey by ICE, the We Mean Business Coalition, and Bain found that additional regulation of carbon markets could lead to increased investment
3/28/24: An Australian Federal Court has found Vanguard Investments Australia liable for making misleading claims about certain ESG exclusionary screens used by its Ethically Conscious Global Aggregate Bond Index Fund
3/28/24: The Australian Renewable Energy Agency (ARENA) has welcomed $1 billion in new funding from the Australian Government to establish the Solar Sunshot program, aimed at growing domestic solar photovoltaic (PV) manufacturing.
3/27/24: The five biggest Dutch pension funds are interested in investing billions in expanding the country's heating and electricity networks for the energy transition
3/16/24: The UK announced a £205 million auction for renewable power projects, aiming to increase wind power generation to meet its net-zero emissions goal by 2050 and reduce reliance on imported energy
3/14/24: A UK government review says even high-emitting businesses should have access to transition finance if they have credible decarbonization plans
3/11/24: A new survey by Workiva found over 90% of investors believe upcoming sustainability reporting regulations like the EU's CSRD and the SEC's climate rule will enable better investment decisions
3/7/24: RBC has announced a significant increase in its commitment to renewable energy, aiming to triple its lending for renewable energy projects
3/4/24: ISS ESG conducted its inaugural ESG Corporate Rating Survey of institutional investors, corporate sustainability departments, and consultants
3/4/24: MSCI's recent research highlights that companies with high MSCI ESG Ratings have outperformed lower-rated companies primarily due to stronger earnings fundamentals
2/29/24: The New York State Common Retirement Fund (CRF) will divest and restrict USD 26.8 million in bonds and equities from eight integrated oil and gas companies, including ExxonMobil
2/29/24: Findings from an IBM survey reveal that businesses that integrate sustainability into their operations are expected to outperform in terms of revenues, profitability, and talent attraction
2/8/24: Salesforce survey finds that despite 90% of executives considering sustainability crucial to commercial success, only 27% report having access to high-quality sustainability data.
2/23/24: U.S. Securities and Exchange Commision Director of Enforcement Gurbir S. Grewal discusses the importance that ESG plays in investors’ trust in the securities industry
2/21/24: Verizon Communications Inc. has released its Green Bond Impact Report, detailing the allocation of nearly USD 1 billion in net proceeds from its fifth green bond issued in May 2023
2/20/24: Unlocking America’s Future recently compiled research demonstrating the detrimental impact that U.S. anti-ESG legislation may have on states and their investment
2/19/24: The International Capital Markets Association (ICMA) has issued a new report on transition financing, focusing on the role of sustainable bonds
2/19/24: The California Energy Commission has approved a USD 1.9 billion investment plan through 2027 to bolster infrastructure for zero emissions vehicles and transportation in the state
2/19/24: S&P Global Ratings has forecasted a moderate growth in issuance volumes of green, social, sustainability, and sustainability-linked bonds (GSSSB) to around $1 trillion in 2024
2/15/24: 21 UK universities threaten to ditch banks over climate concerns
2/15/24: Japan plans to issue USD 11 billion in climate transition bonds to fund Japan’s Green Transformation program
2/15/24: Goldman Sachs Asset Management (GSAM) has introduced a new exchange traded fund (ETF) focused on global green bonds
2/15/24: JPMorgan Asset Management announced that it is not renewing its membership in the Climate Action 100+
2/12/24: Three of China’s major stock markets – the Beijing Stock Exchange (BSE), Shanghai Stock Exchange (SSE), and Shenzhen Stock Exchange (SZSE) – announced mandatory sustainability reporting requirements for listed companies
2/9/24: Barclays announced that it will cease to directly finance new oil and gas fields
2/9/24: Credit ratings, research, and risk analysis provider Moody’s Investor’s Service launches Net Zero Assessment (NZA), a scoring system for comparing company’s decarbonization efforts
2/7/24: Professor Aaron Yoon, following up on his 2016 paper “Corporate Sustainability: First Evidence on Materiality,” has identified additional sustainability factors that can be linked to value creation: (1) supply chain ESG activities, and (2) high-ability managers
2/6/24: Martin Lipton and his colleagues at Wachtell Lipton Rosen & Katz discuss how the decline in the use of the acronym "ESG" due to its politicization represents the concept’s evolution and not its demise
2/6/24: European Parliament and Council reach provisional agreement on regulating ESG ratings that guide trillions of investment dollars
2/5/24: Brookfield Asset Management has successfully secured USD 10 billion for its second Brookfield Global Transition Fund (BGTF II), aiming to surpass its prior $15 billion fund focused on the net-zero economy
1/31/24: Over half of individual investors are planning to increase sustainable investments during 2024, according to a survey of over 2,800 investors published by Morgan Stanley.
1/30/24: Barclays barred from Texas bond market for participation in Net-Zero Banking Alliance
1/26/24: The U.S. Department of Energy introduced USD 254 million in investments toward projects and technologies to decarbonize the industrial sector
1/26/24: HSBC Releases Net Zero Transition Plan with Goal of Achieving Net Zero Emissions by 2050
1/23/24: State-owned Abu Dhabi National Oil Company commits $23 billion for decarbonization projects, technologies
1/23/24: S&P Global Commodity Insights Report Highlights Clean Energy Investment Trends
1/23/24: Over Half of Global Business Leaders Plan to Increase Sustainability Investments in 2024
1/22/24: Exxon Mobil Files Lawsuit to Block Investor-Led Climate Proposal Vote
1/18/24: U.S. based sustainable funds saw $13 billion in outflows in 2023
1/16/24: General Atlantic is acquiring sustainable infrastructure investor Actis
1/16/24: A group of 27 investors in Shell has submitted a resolution calling for stricter climate targets from the energy company
1/15/24: Fidelity has announced a new sustainable investment approach
1/11/24: Barclays announced a new Energy Transition Group for its Corporate and Investment Bank
1/11/24: ShareAction's Annual Voting Matters Report Reveals Dramatic Decrease in Asset Managers' Support for Environmental and Social Resolutions
1/10/24: Hedge Fund Managers Are Increasingly Integrating ESG Metrics into Their Investment Strategies, Says UBS Research
1/9/24: The Wall Street Journal Labels ESG as the Newest 'Dirty Word' in Corporate America, with Leaders Preferring Terms Like 'Responsible Business
1/4/24: World Bank Launches $1.4 Billion CAD Sustainable Development Bond Maturing in January 2029
1/2/24: TotalEnergies Invests $300 Million for 50% Stake in 1 GW Solar and Wind Portfolio in Joint Venture with Adani Green Energy
12/29/23: Morgan Stanley Provides Ten Tips for Retail Investors Interested in Impact Investing
12/28/23: Positive ESG Trends Emerge in ETF Industry in 2023
12/27/23: French Government Ruling Could Require European ESG Funds to Sell Fossil Fuel Holdings
12/27/23: Largest U.S. Clean Energy Project Raises $11 Billion, Commences Construction
12/22/23: Harvard Business Review Article Proposes Framework for Companies to Respond to Anti-ESG Rhetoric
12/20/23: ING Commits to Cease Financing Oil and Gas Production by 2040, Plans to Triple Lending to Renewable Energy Within Two Years
12/18/23: KKR Identifies 'Brown-to-Green' Transition of Asset-Heavy Sectors as Key Mega-Theme for 2024
12/12/23: 50 Major Oil and Gas Companies Commit to Near-Zero Methane Emissions by 2030 and Net-Zero Carbon Emissions by 2050 at COP28
12/12/23: Australian Competition and Consumer Commission Releases Eight Principles to Guide Businesses on Environmental Claims
12/2/23: UAE Launches $30 Billion Climate Investment Platform ALTÉRRA to Boost Access to Climate Finance in Emerging Markets
11/28/23: Debt Linked to Environmental Risks Surges, Doubling to Over $4 Trillion in Less Than a Decade
11/27/23: European Commission Unveils €4 Billion Investment to Drive Innovation in Decarbonization Technologies
11/26/23: Lazard Asset Management Stays Optimistic About Cleantech Despite Recent Stock Sell-Offs
11/24/23: European Commission Initiates €800 Million Subsidy Pilot Program for Renewable Hydrogen Producers
11/22/23: UK Government Allocates £4 Billion to Boost Investment in Green Technologies and Clean Energy
11/14/23: Bloomberg Survey: ESG Integration Deepens Among Investors and C-Suite Executives Despite Economic Headwinds
11/8/23: LGIM Launches Groundbreaking Fund Series Offering Comprehensive Sovereign ESG Exposure in Integrated Approach
11/8/23: Bloomberg Intelligence Survey: 89% of Investors Consider ESG Metrics Mainstream, Citing Higher Returns and Resilient Portfolios
11/6/23: KKR Secures $2.8 Billion for Global Impact Fund II Focused on Investments Enhancing Sustainability and Social Equity
11/1/23: U.S. ESG Shareholder Proposal Support Dips, While Anti-ESG Proposals Face Virtually No Support
10/29/23: How to Continue Investing in Diverse Entrepreneurs
10/27/23: New York Governor Kathy Hochul Unveils Largest State Investment in U.S. History for Renewable Energy
10/13/23: Biden Administration Unveils $7 Billion Investment in Seven Clean Hydrogen Hubs
10/12/23: Goldman Sachs Executive Prioritizes Circular Economy Companies in Sustainability and Impact Solutions
10/11/23: Tokyo Stock Exchange Initiates Trading of Carbon Emissions Credits in Pursuit of 2050 Carbon Neutrality
10/10/23: Franklin Templeton Launches Fund Investing in Undervalued Companies with Strengthening ESG Profiles
10/6/23: European Parliament Overwhelmingly Approves New European Green Bond Label to Combat Greenwashing and Enhance Investor Transparency
10/3/23: Wharton Paper Highlights Retail Investors' Strong Concerns about ESG Factors Impacting Investment Value
10/3/23: Sustainable Investing Supporters Optimistic as Anti-ESG Efforts Face Lukewarm Support and Limited Voter Engagement
9/28/23: Paine Schwartz Partners Raises Record $1.7 Billion for Sustainable Investments Across the Food Chain
9/22/23: Ghana Unveils $550 Billion Energy Transition Plan for Net Zero Carbon Emissions by 2060
9/21/23: Texas Federal Judge Dismisses Case Seeking to Overturn Department of Labor's ESG Rule
9/20/23: HSBC Commits $1 Billion in Financing to Support Global Climate-Tech Startups
9/15/23: McKinsey Survey Reveals Investor Demand for Clearer Explanation of ESG Impact on Performance and Intrinsic Value
9/14/23: BlackRock, SGX, and MSCI Unveil Joint Climate Action ETF in Singapore
9/13/23: Kroll Study Reveals Companies with High ESG Ratings Outperform Those with Low Ratings
9/11/23: U.S. and Peru Seal $20 Million Debt-for-Nature Swap to Support Amazon Rainforest Restoration
9/5/23: ESG Registration Boosts Asset Managers' Sales in Europe, Finds Goldman Sachs Study
9/5/23: Over 90% of Executives Plan Significant Increase in ESG Data Spending in 2024
9/1/23: PRI's Climate Initiative Gains Momentum: 18 New Money Managers, Including Fidelity and Morgan Stanley, Join to Encourage Australia's Decarbonization
9/1/23: DOE Unveils $12 Billion Finance Package to Support Automakers in Shifting to Electric Vehicle Production
8/27/23: Majority of Investors Across Generations Prioritize Values Over Performance, Says U.S. Bank Study
8/24/23: Bloomberg and Adox Research Survey Reveals 90% of Executives Planning to Boost ESG Data Spending
8/22/23: ESG Gains Traction in Asset Management Despite Backlash in Previous Year
8/21/23: DOE Commits up to $30 Million to Address U.S. Critical Minerals Demand
8/17/23: Morgan Stanley Report: Sustainable Funds Outperform Traditional Counterparts with 6.9% Median Return in H1 2023
8/13/23: Pension Funds in Anti-ESG Law States Reportedly Invested in BlackRock Amid Controversies
8/13/23: Global green bond issuance soared to a new high of $314 billion in the first half of the year, with the finance sector leading the way and governments playing a larger role
8/11/23: The U.S. Department of Energy has chosen two Direct Air Capture (DAC) facility projects (which directly extract CO2 from the atmosphere) to receive grants of up to $1.2 billion from the Office of Clean Energy Demonstrations (OCED)
8/10/23: Blackstone successfully concluded the final close of its energy transition credit fund, Blackstone Green Private Credit Fund III (BGREEN III), raising a record-breaking $7.1 billion
8/8/23: The Government of New Zealand and investment firm BlackRock will launch a NZ$2 billion climate infrastructure fund to support the country’s goal of being one of the first countries to achieve 100% renewable energy
8/7/23: U.S. Department of Energy Commits $46 Million to Drive Innovation in Buildings' Energy Efficiency Across 15 States
8/7/23: S&P Global has stopped assigning numerical ESG scores to corporate borrowers, opting for textual analysis in its credit rating reports
8/3/23: The European Commission has approved a €1.5 billion French measure to support the research and development of a new generation of solid-state EV batteries by ProLogium
8/2/23: IFC, the private sector arm of the World Bank, has entered an agreement with the Swiss government for the second phase of its Sustainable Cities program, aimed at promoting green urban infrastructure development in emerging markets
7/26/23: Walmart and PepsiCo have announced a strategic collaboration to promote regenerative agriculture practices on over two million acres of farmland in the U.S. and Canada
7/24/23: The U.S. Department of Energy (DOE) will allocate $100 million to support states, local governments, and public utilities in purchasing products from converted carbon emissions
7/20/23: A new survey by Honeywell reveals that 86% of responding organizations plan to increase their sustainability investments
7/20/23: The International Finance Corporation (IFC) provides $75 million in subordinated debt financing to Akbank T.A.Ş. in Turkey as part of a $300 million financing package
7/18/23: AXA IM Alts, an alternative investment management firm, has committed $49 million to invest in Mombak's reforestation projects in Brazil's Amazon rainforest
7/18/23: The Bezos Earth Fund has launched a $400 million initiative to green America’s cities
7/12/23: Canada has doubled its official international climate finance commitment to $5.3 billion over five years
7/12/23: The U.S. Department of Agriculture (USDA) will invest $300 million to enhance the measurement and monitoring of greenhouse gas emissions and carbon sequestration in agriculture and forestry as part of President Biden's climate-smart agenda
7/7/23: Tokyo-based banking company Mizuho has set a new goal to facilitate JPY 100 trillion ($USD 700 billion) in sustainable finance between 2019 and 2030, with JPY 50 trillion dedicated to environment and climate change related finance
7/5/23: According to a report by McKinsey & Company, an estimated $3-$4 trillion in investments will be required by 2030 to scale up the materials supply chain and address upcoming shortages of key metals and materials necessary for global decarbonization
7/5/23: The U.S. Department of Energy plans to invest $1 billion in a clean hydrogen demand side initiative, supporting the development of Regional Clean Hydrogen Hubs and reducing investment risks for clean hydrogen projects
6/30/23: The Department of Energy's Loan Programs Office (LPO) actively supports carbon management projects in the United States
6/23/23: The Church Commissioners and the Church of England Pensions Board have independently announced their disinvestment from fossil fuels
6/21/23: Boston Consulting Group (BCG) has entered into a purchase agreement with CarbonCapture to acquire 40,000 tons of carbon dioxide removal credits over five years
6/20/23: The European Investment Bank (EIB) has priced its first SEK 1 billion digital Climate Awareness Bond (CAB) using the so|bond platform, built on blockchain technology
6/19/23: BBVA and IFC have announced the launch of Colombia's first blue bond, beginning with $50 million
6/19/23: The Government of Canada has committed C$350 million to the Initiative for Sustainable Aviation Technology (INSAT)
6/19/23: President Biden unveiled nearly $2.9 billion in investments to protect coastal communities and strengthen electrical grid infrastructure against the impacts of climate change
6/16/23: ESG returns have rebounded this year, reversing 2022 performance declines
6/14/23: The World Bank has approved a $549 million project to increase the use of renewable energy in public facilities in Turkey
6/13/23: The U.S. Department of Energy (DOE) has announced 12 projects as part of President Biden's Investing in America agenda, which aims to expand the solar energy workforce and create career pathways in underserved communities
6/12/23: Global energy provider Iberdrola has secured a €1 billion financing agreement with the European Investment Bank (EIB) to fund renewable energy projects across Europe
6/9/23: Funds opposing ESG investment considerations, known as "anti-ESG" funds, have experienced a decline in new investor deposits
6/7/23: The government of Bangladesh and the World Bank have signed two financing agreements worth $858 million to support climate-resilient agricultural growth, food security, and road safety
6/7/23: The Inter-American Development Bank (IDB) has granted a $400 million loan to Chile to support the development of the green hydrogen industry
6/6/23: Carbon Growth Partners (CGP), an Australia-based carbon markets investor, plans to raise $200 million for its Carbon Growth Fund to invest in global carbon credits and offset projects
6/5/23: Japan plans to invest 15 trillion yen ($107.5 billion) over the next 15 years to boost its hydrogen supply and transition to a low-carbon economy
6/5/23: Germany is launching a program worth approximately 50 billion euros over the next 15 years to assist industrial firms in transitioning to carbon-neutral production methods by providing financial support for their energy costs
5/31/23: Grupo Bimbo, a baking company based in Mexico City, has completed an $850 million sustainability-linked bonds offering, making it the largest corporate sustainability-linked bond issuance in the Mexican market and the largest transaction this year
5/31/23: HSBC has partnered with Arabesque AI to launch the HSBC ESG Risk Improvers Index
5/25/23: Clean energy investment is outpacing fossil fuel investment, with the gap expected to reach 70% in 2023, according to the International Energy Agency (IEA)
5/23/23: JPMorgan Chase has announced one of the largest carbon removal projects to date, valued at over $200 million
5/17/23: Morgan Stanley raised $500 million for its new climate private equity strategy, 1GT
5/16/23: Asset managers Mirova and Robeco and 11 other financial players launched a call for expressions of interest (CEI) to develop a global database of avoided emissions factors and associated company-level avoided emissions
5/15/23: Norway’s $1.4 trillion oil fund will increase its shareholder proposals on ESG topics to US companies after quietly testing them at annual meetings
5/9/23: Australia will invest USD 1.4 billion to scale the development of its renewable hydrogen industry under the “Hydrogen Headstart” program
5/4/23: A group of investors representing $10 trillion in AUM issues a statement urging grocery and consumer goods companies to reduce their use of plastic packaging
5/4/23: KKR invested $800 million in renewable energy deals, including $550 million of solar energy loans from SunPower and $250 million in India-based industrial decarbonization platform Serentica
5/1/23: Mitsubishi Corp. announced the launch of the Marunouchi Climate Tech Growth Fund, which will invest in and commercialize developing climate tech-related startups
4/27/23: Report shows green, social, sustainability and sustainability-linked (GSSS) bonds bounced back this quarter
4/26/23: Apollo Global Management launches a $4 billion fund to invest in companies transitioning to clean energy
4/13/23: Lloyd’s launching £250 million private impact fund targeting sustainability focused assets
4/11/23: Apple creating $200 million fund devoted to advancing carbon-removal projects
4/10/23: DWS launches largest US ETF with its new Climate Action Fund
4/5/23: Citi launches Sustainable Time Deposit
4/5/23: Two firms withdraw from the UN convened Net Zero Insurance Alliance
3/31/23: Canada announces proposals for $80 billion in clean technology and energy investments
3/15/23: Deloitte poll finds that private equity investors (PEI) could be early leaders in connection with mergers and acquisition ESG efforts
3/9/23: Several business groups criticizing stringent anti-ESG legislation as anti-free market
3/2/23: Deutsche Bank estimates that its ESG revenues would grow to approximately €1.4 billion per year
2/22/23: M&A activity shifting away from oil and gas and toward clean energy
2/21/23: Allianz Global Investors to vote against the directors of European large cap companies that do not consider ESG performance in executive pay
2/3/23: European Central Bank (ECB) to focus greater proportion of its corporate bond purchases towards issuers with stronger climate performance
1/31/23: Plan Administrators Inc. and Morningstar Inc. launch Pooled Employer Plan (PEP) that limits exposure to ESG risks
1/18/23: BlackRock’s CEO says that the firm’s inflows are 100x anti-ESG out-flows
1/10/23: TPG launches TPG NEXT to invest in underrepresented alternative asset managers
1/10/23: Goldman Sachs raises $1.6 billion for its first climate/environment private equity fund
1/5/23: Hong Kong raises $5.8 billion in green bonds
12/23/22: World Bank and Banco do Brasil launch a $500 million project to increase sustainable investing in Brazil
12/20/22: BlackRock will continue to ask companies to disclose their climate-related strategies and emissions reduction targets
12/20/22: General Atlantic raises $3.5 billion for climate solutions fund
12/14/22: HSBC will stop financing new oil and gas projects
12/12/22: S&P Dow Jones announces annual rebalancing of the Dow Jones Sustainability Indices
12/9/22: Vanguard withdrawals from the Net Zero Asset Managers initiative (NZAM)
12/8/22: Deloitte report: 99% of public companies expect to invest in ESG reporting and technology next year
12/1/22: Florida pulls $2 billion from BlackRock in anti-ESG divestment
12/1/22: Morningstar Sustainalytics announces 30% expansion of their ESG risk ratings
11/22/22: US Department of Labor allows retirement plan fiduciaries to consider ESG factors
11/3/22: Certain green bonds are being rejected by managers due to sustainability concerns
11/3/22: EU commits to investing €3 billion in cleantech projects
11/2/22: Investors support of ESG varies based on age, wealth, and particular ESG issue
10/28/22: Hong Kong Exchange launches carbon market
10/20/22: Investors try to depoliticize ESG
10/18/22: Missouri pulls $500M out of BlackRock managed pension funds, citing ESG
10/6/22: Morningstar survey reveals asset owners’ ESG progress
10/4/22: Princeton divests and disassociates from fossil fuel companies
9/28/22: Opinion—Wall Street’s system of ESG investing is really used to maximize shareholder returns
9/22/22: HSBC Asset Management commits to phase out thermal coal
9/7/22: BlackRock defends climate risk policies, responding to anti-ESG movement
6/13/22: S&P study finds that only 10% of green funds are aligned with global climate goals
5/22/22: Numerous banks have established teams of bankers dedicated to financing clean energy transition
5/18/22: Why Tesla was dropped from the S&P 500
4/21/22: Carl Icahn calls out McDonald’s management and investors for capitalizing on ESG investing without supporting “tangible social progress”
3/28/22: The war in Ukraine’s impact on ESG investing.
3/25/22: War in Ukraine raises questions as to whether defense industry stocks should be part of an ESG portfolio
12/6/21: The world’s largest stock owner on the importance of ESG
11/17/21: SEC has passed the universal proxy rule
8/26/21: Ways for venture capital to invest in ESG
8/21/21: S&P Dow Jones on why ESG is one of the firm’s biggest growth opportunities
6/22/21: How one capital allocator aligned its racial equity values with its investment strategy.
6/17/21: Roadblocks to ESG retirement funds
6/11/21: Challenges in ranking ESG stock performance
2/1/21: The push for sustainable private equity
3/18/19: A history of green bonds
