Active investing

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.

Two out of five of New York City’s public pension funds adopt 2040 net-zero plan, putting asset managers and companies on notice.

EU certification and more detailed definitions needed, suggests body.

A new study reveals the most effective ways to engage with investors in China on climate change – and pitfalls to avoid, write Wei Liu and Rory Sullivan