Danish pension funds to ramp up engagement on diversity
It follows recent parliamentary hearing where Danish politicians and big asset owners discussed how pension funds can tackle diversity through their investments.
IESBA Launches Public Consultation on New Ethical Benchmark for Sustainability Reporting and Assurance
The International Ethics Standards Board for Accountants (IESBA) announced the launch of public consultations on two Exposure Drafts aimed at establishing a global ethical benchmark for sustainability reporting and assurance. These drafts propose comprehensive ethical standards for sustainability assurance practitioners and accountants involved in sustainability reporting, with the goal of enhancing the quality and trust in sustainability information. This initiative seeks to address issues like greenwashing and improve the credibility of sustainability disclosures.
ESG Report: PE firms struggle with ESG reporting balancing act
Private equity firms are grappling with the complexities of ESG (Environmental, Social, Governance) reporting, facing constant changes in the reporting landscape. This challenge underscores the dynamic nature of ESG criteria and the difficulty in maintaining compliance amidst evolving standards.
ESG Is a Force That Continues To Shape Private Equity
The article from AlphaWeek discusses the impact of Environmental, Social, and Governance (ESG) considerations on private equity, highlighting the industry’s recent challenges and shifts. It notes the increasing consumer and investor demand for ESG-focused investments, regulatory changes, and the evolving landscape of ESG reporting and performance measurement. Despite a dip in ESG fund launches and investments in 2023, the article underscores the continued influence of ESG factors on investment decisions and the broader financial market.
UK Pensions May Consider Climate Change When Investing, Says Law Committee
UK Pensions May Consider Climate Change When Investing, Says Law Committee
Brookfield’s second Global Transition Fund raises $10 billion for decarbonization and data centers
ImpactAlpha, February 6 — After raising its inaugural $15 billion Global Transition Fund in 2022, Brookfield has identified a pipeline of investment opportunities, … The post Brookfield’s second Global Transition Fund raises $10 billion for decarbonization and data centers appeared first on ImpactAlpha.
EU Securities Watchdog To Get New ESG Rating Powers
EU regulators are taking steps to increase transparency in the ESG sector and protect investors. Soon, ESG ratings agencies operating in the EU will be subject to formal regulation, including requirements for clear methodologies and disclosures on how ratings are determined. This move aims to boost investor confidence in ESG ratings.
SEC’s ESG Climate Proposal: What You Need to Know
ublic companies in the US should be prepared for new climate-related disclosure requirements from the SEC. The proposal, released in 2022, mandates consistent, detailed disclosures about the impact of climate change on businesses. The SEC is expected to finalize the rules by April 2024, so companies have limited time to adapt their reporting processes.