Tagged: esg

ESG: House Financial Services Committee to Hold Hearing on SEC’s Attempt to Regulate Climate Impact

The House Financial Services Committee has announced the Oversight and Investigations Subcommittee will hold a hearing entitled: “Oversight of the SEC’s Proposed Climate Disclosure Rule: A Future of Legal Hurdles.” The hearing is scheduled to take place on Thursday, January 18, 2024, at 10 AM… Read More

Digital Banking Platform CaixaBank Given an ESG Entity Rating Score of 2 by Fitch Index

The Fitch index has reportedly given CaixaBank an ESG Entity Rating score of 2. This initiative in the sector is geared towards providing information and advisory services to foster the implementation of sustainability in companies and “support them in processes such as decarbonization and environmental… Read More

Congressman James Comer Plans to Subpoena Documents from SEC if Commission Does Not Turn Over ESG Information

Congressman James Comer, Chairman of the House Committee on Oversight and Accountability, may subpoena documents from the Securities and Exchange Commission (SEC), if the Commission does not provide information regarding their social agenda, which is deemed to be beyond the purview of the securities regulator…. Read More

UK’s Digital Bank Tandem Appoints James Streeter as Head of ESG, Supporting Drive to Prioritize Sustainability

Tandem, the UK’s greener digital bank, has appointed James Streeter as Head of ESG, supporting its drive to keep sustainability at the core of Tandem. In this newly created role, James will aim to “set the environmental, social and governance (ESG) strategy for Tandem; taking… Read More

UK’s Atom Bank and Kamma to Address Climate Change Risks

Atom Bank has announced a partnership with climate tech business Kamma. Atom will benefit from access to Kamma’s full climate suite, “offering an unparalleled view on both the physical and transition risks of its mortgage book.” Kamma will further “provide analytics on Atom’s financed emissions,… Read More

Brazil’s Digital Banking Platform Nubank to Support Research Initiatives at Local Universities

Nubank (NYSE:NU), which claims to be one of the largest digital financial services platforms, announces NuFuturo, an ecosystem developed in partnership with Federal Universities in Brazil to accelerate careers in technology and foster innovation. The initiative encourages the development of research “related to the fields… Read More

Chairman of House Financial Services Committee Slams US Department of Treasury’s ESG Over-reach

Yesterday, the Secretary of the Treasury Janet Yellen, announced its ambitions in regard to “net zero financing and investment,” outlining their goal of net zero commitments and how they can compel financial services firms to adhere to their ideology. Secretary Yellen said: “Going forward, the… Read More

Sustainability: RAM, Carbon Software-as-a-Service Firm MVGX Tech to Expand ESG Analytics Capabilities

RAM Holdings Berhad, the holding company of the largest credit rating agency in Malaysia and Southeast Asia, has entered into a partnership with MVGX Tech and Carbon Rating Malaysia Sdn Bhd (CRM) to strengthen RAM’s ESG rating capabilities. MVGX is a carbon Software-as-a-Service (SaaS) company and… Read More

Sacyr Incorporates Sustainability into Operations with Sustainable Financing Framework Advised by CaixaBank CIB and IB

Sacyr published its Sustainable Financing Framework to integrate sustainability into the company’s financing policy. The document incorporates “all current types of sustainable financings existing in the market, and it follows the International Capital Market Association (ICMA) and the Loan Market Association (LMA) principles for green,… Read More

Institutional Investors Are Mobilizing Capital Towards Investments that Will Deliver Positive Impact, BNP Paribas Report Claims

A BNP Paribas survey of 420 asset owners and managers, hedge funds and private equity firms shows that institutional investors are mobilizing capital towards investments that will deliver measurable positive impacts alongside financial returns. Despite data constraints posing the biggest barrier to ESG integration, “especially… Read More

Algbra Reportedly Becomes UK’s First FCA Authorized ESG, Sharia-Compliant Fintech to Gain B Corp Status

Algbra, the global ethical and Sharia-compliant technology platform with its UK finance app, has been awarded B Corp status “after demonstrating its credentials of the highest ESG standards.” This reportedly makes Algbra one of the few financial institutions in the UK “to achieve this status,… Read More

Amit Dua, President at SunTec: Financial Services Professional Comments on Role of ESG Initiatives in Banking Sector

  As the banking landscape rapidly evolves, we decided to speak with Amit Dua, President at SunTec, a technology partner that claims to work with the world’s largest banks, helping them to improve their customer experience, pricing strategies, and ESG approach through technology-led solutions. Amit… Read More

ESG Divide: UK Report Indicates that Only 28% Embrace Sustainable Investing

In an IG Investor Sentiment Survey of c.4500 clients, only 28% of UK clients said ESG (Environmental, Social, Governance) considerations “are important to them when making an investment decision.” This is particularly low “in comparison to 42% of Australian investors and 40% of Japanese investors.”… Read More

Sustainability: Singapore’s DBS, TÜV SÜD to Help SMEs Get ESG-Ready

DBS (SGX:D05) and international certification body, TÜV SÜD, announced a year-long partnership to provide comprehensive training, testing, verification, and validation activities “for sustainability assurance and certifications to mid-cap firms as well as small and medium enterprises (SMEs).” Both parties will also “conduct joint outreach activities… Read More

Seedrs Says Europeans Just as Interested in Backing Businesses They Believe In as Generating Big Returns

One of the largest securities crowdfunding operators in the world, Seedrs, says investors today are just as interested in backing firms that align with their beliefs as seeking big returns. Seedrs is based in London but operates across Europe. It is a subsidiary of US-based… Read More

Australia Securities and Investments Commission Sues Active Super for “Greenwashing” – Fund Invested in Gambling, Tobacco, Coal

ASIC (Australia Securities and Investments Commission) has filed suit against Active Super (LGSS Pty Limited), alleging “misleading conduct and misrepresentations to the market relating to claims it was an ethical and responsible superannuation fund.” According to ASIC, Active Super claimed to invest in assets that… Read More

October SME V Fund Is Committed to Aligning with Sustainable Finance Disclosure Regulation (SFDR)

As a Sustainable and Socially Responsible Lender, October systematically “integrates ESG factors into its activity and investment process.” Specifically, October’s latest fund OCTOBER SME V is aligned “to the Sustainable Finance Disclosure Regulation (SFDR).” October’s strong commitment to ESG investing is proven “by reporting on… Read More

Sustainability: Wolters Kluwer Introduces TeamMate+ ESG

Providing easy access to essential ESG reporting standards enables auditors “to provide assurance over ESG reporting.” Wolters Kluwer Corporate Performance & ESG (CP & ESG) (EURONEXT: WKL) has “added ESG standards, tailored to support Internal Audit workflow and practices, to its cloud-based TeamMate+ global audit… Read More

ESG, Saudi Arabia: Sustainability Is Fundamental Aspect of Vision 2030, Nation Committed to Achieving Net-Zero Target

Sustainability is a fundamental aspect of Vision 2030, and Saudi Arabia is committed to achieving its net-zero target by 2060; however, “the adoption of sustainability considerations remains its initial stages in Saudi Arabia.” As the concept of Environmental, Social, and Governance (ESG) gains momentum in… Read More

House Financial Services Committee Schedules Hearing on ESG in Financial Regulation

ESG, or Environmental, Social and Governance, is a big sector of debate in the financial services sphere. While offering investors an option to invest in impact focused firms is one thing, demanding companies to pursue goals aligning with one political perspective is something very different…. Read More

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