Active investing

Itaú Asset Management has been ahead of the curve on ESG integration in Brazil, but it is still facing resistance from local and international investors.

ECB vice-president Luis de Guindos called for progress on an EU capital markets union to raise climate financing.

Around 1,800 EU ESG funds have invested in nuclear energy companies aligned to the taxonomy.

The latest developments in sustainable finance: fossil fuel subsidies reached record $7trn in 2022, finds IMF; Rize ETF launches two Article 9 sustainable thematic funds.

Concerns remain over uneven progress among companies and the high frequency of ESG controversies.

The regulator will also form an international forum on impact investing.

Pension funds tell RI they are grappling with ‘jarring discrepancies’ and are ramping up efforts to tackle the issue as the dust settles on the latest proxy season.

Fund managers increased exposure to ESG stocks before making mandatory disclosures, say researchers.

Some say the EU proposals could worsen market fragmentation, while confusion remains around how rules to prevent conflicts of interest should be implemented.

On-going procurement revealed systematic integration of sustainability factors beyond emissions would be an ‘absolute nightmare’ for UK scheme.