March 28, 2024
Funds

BlackRock issued warning over ‘misleading statements’ tied to ESG funds

(Reuters) – BlackRock was issued a legal warning by the U.S. state of Mississippi over “false and misleading statements to Mississippi investors” tied to its environmental, social and governance (ESG) investment strategies, according to a 33-page document released on Wednesday. The Mississippi secretary of state Michael Watson and the state’s Securities Division issued a ‘summary

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Funds

What ESG Funds Can And Cannot Achieve

ESG funds, which are mutual funds and exchange traded funds (ETFs) that consider Environmental, Social and Governance factors in their investment decisions, are plagued by vitriol and misinformation. This partly stems from the amorphous nature of the term, “ESG.” I am reminded of the parable of the blind men and the elephant: in James Baldwin’s

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Finance

Transition finance seen as a crucial tool in the fight against climate change in Asia

There is a US$4 trillion funding gap compared with the US$5 trillion annual investment the world needs to make by 2030 to reach the Paris Agreement’s ambition to contain global warming at 1.5 degrees Celsius by achieving net zero carbon emissions by 2050, the International Renewable Energy Agency estimated last year. 04:44 Cop28 climate summit

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Finance

Companies are getting back control of their companies

Companies are getting bolder in their battles to beat back proposals requiring them to disclose more about everything from environmental policies to AI, as shareholder support for governance changes shows new signs of waning in 2024. So far this year, Apple (AAPL), Tyson Foods (TSN), and Applied Materials (AMAT) have defeated proposals that would have

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Investors

Institutional Investors Lead the Way in Impact Investing within Public Markets

VANCOUVER, BC, March 15, 2024 /CNW/ – In a paradigm-shifting development, Canadian institutional investors are taking the lead in advancing impact investing within public markets, surpassing mere ESG integration to a focus on achieving tangible, positive impact outcomes. This marks a significant departure from conventional investment practices, with institutions now prioritizing not just Environmental, Social,

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Investors

What is ESG investing and how is this framework changing the investment landscape? MintGenie explains

Living a healthy lifestyle in a holistic sense has become one of the defining traits of our times. Interestingly, this idea is not just restricted to the ways we live. The idea has found huge acceptance even in the world of investments. Today, from sustainable living we are following the trend of sustainable investing. Sustainable

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Investment

Sustainable Investing And How To Align Your Investments To Your Values

and governance icons. getty Depending on your personal values, you may have a moral opposition to certain types of companies. In my experience, this has led some people to shy away from investing altogether, crippled by fear that they may accidentally fund something they deem wrong. This is a basic guide to sustainable investing and

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Investors

For BlackRock, No Slowdown On ‘Woke Investing’ Despite Attacks

BlackRock CEO Larry Fink Anadolu Agency via Getty Images These are rough times for “woke investing,” Wall Street’s embattled practice of doing well by doing good. For the first time since the strategy was born in the 2010s, more American investors are leaving environmentally responsible exchange-traded funds than are buying in, and this month three

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Finance

Two years on, Ukraine’s economy has stabilised, but Western finance firms are finding their Russia exit tricky

Two years on from Russia’s invasion of Ukraine and global finance firms are still feeling the impact of the fallout, with many still scrambling to untangle their businesses from the region. The outlook for international finance giants in Russia remains on a knife-edge, as the country continues to face a host of challenges. These range

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Funds

Green Governance: FCA Clampdown Could Affect 300 Funds

On November 28 2023, the Financial Conduct Authority (FCA) unveiled its long-awaited Sustainability Disclosure Requirements (SDR) and investment labels regime for investment products. The SDR policy statement includes a substantial package of measures aimed at improving the trust in, and transparency of, sustainable investment products and at minimising greenwashing. As part of the raft of

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