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Showing 11 - 20 of 217 results for "MSC"

Green bond investors left in the dark

ROSE MARY PETRASS  |  THURSDAY, 8 FEB 2024  |  NEWS
Green bond investors find themselves navigating blind due to the lack of standardised emissions reporting methodologies, a specialist global asset manager has revealed. These impact bonds, designed to finance environmentally beneficial projects, also ...

BlackRock admits stakeholder pressure on ESG a risk

ROSE MARY PETRASS  |  THURSDAY, 18 JAN 2024  |  NEWS
For the first time in its quarterly earnings report, BlackRock identified stakeholder pressure on ESG and AI as risk factors that may influence returns. In its earnings release published on Friday, the firm warned that "increasing focus from stakeholders ...

Northern Trust pulled up for greenwashing

ROSE MARY PETRASS  |  THURSDAY, 21 DEC 2023  |  NEWS
Northern Trust Asset Management Australia has paid just shy of $30,000 over allegations of greenwashing. ASIC brought two infringement notices against the local arm of the global fund manager alleged false and misleading statements in the application ...

New code of practice guidance for voluntary carbon markets

ROSE MARY PETRASS  |  WEDNESDAY, 29 NOV 2023  |  NEWS
The Voluntary Carbon Markets Integrity Initiative (VCMI) has released guidance to help direct finance to climate mitigation initiatives and commitment beyond science-aligned emissions cuts. The new guidance for the Claims Code of Practice aims to accelerate ...

Sustainable bonds underperform on climate targets

ROSE MARY PETRASS  |  THURSDAY, 16 NOV 2023  |  NEWS
Sustainability Linked Bonds are more likely to achieve emissions reductions targets than use of proceeds bonds, but many labelled bond users are not tracking to meet 2050 net zero targets. Corporate issuers are increasingly turning to labelled bonds ...

Climate fund assets reach half a trillion dollars

ROSE MARY PETRASS  |  TUESDAY, 3 OCT 2023  |  NEWS
The world is failing to limit warming to 1.5°C - yet climate transition funds are gaining traction, with assets in open-end and exchange-traded funds with a climate focus now reaching US$534 billion. Boosted by inflows and product development, assets ...

Higher ESG means stronger ROI: study

ROSE MARY PETRASS  |  TUESDAY, 19 SEP 2023  |  NEWS
Companies with better ESG ratings outperformed their peers with lower ratings from 2013 - 2021, according to a study from Kroll. Globally, ESG leaders achieved an annual return of 12.9%, in contrast to the 8.6% return for laggards - an approximately ...

BlackRock, SGX, and MSCI launch US$426M Singapore climate action ETF

ROSE MARY PETRASS  |  TUESDAY, 19 SEP 2023  |  NEWS
Investors integrating low-carbon transition objectives into their portfolios can now access an ETF based on Asian companies dedicated to reducing carbon emissions. With climate transition increasing in urgency across the Asia region, countries face ...

Active Super to face court over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023  |  NEWS
ASIC has filed a suit against Active Super over greenwashing claims, alleging, among other charges, that the super fund was invested in Russian assets after the invasion of Ukraine while purporting otherwise to members. The markets regulator has commenced ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  THURSDAY, 3 AUG 2023  |  NEWS
ASIC's latest action against Vanguard for allegations of greenwashing in a bond fund raises the question of whether the market regulator will crack down on index providers and other third-party service providers for greenwashing as well. Last month ...