NewsRoom Articles - Page 11 of 49

TuesdayDec 03, 2024 10:00 am

SEC Includes ESG in Its Risk Warning to Fund Managers

Last month, the United States Securities and Exchange Commission broadcasted a risk alert that warned fund managers of problems flagged during audits. The alert, which centered on a number of areas, also highlighted that ESG was an area of focus for the commission and reflects the shift in sustainability reporting. Environmental, Social, and Governance (ESG) is an investing framework that considers other factors other than the financial. It became popular in 2020/2021, following a worldwide push by activists and fund managers. With ESG being regulated more, funds and firms based in the United States are focusing more on climate, with…

MondayDec 02, 2024 10:00 am

Professionals Weigh Whether Trump Admin Will Reform or Retrench ESG

Donald Trump won the recently concluded presidential elections in the U.S. and is set to be sworn in as the 47th president come January. While ESG was not a primary focus in the president-elect’s campaign, he did pledge to remove America from the 2015 Paris agreement and increase domestic production of oil and gas. This is in addition to vowing to fire Chairman Gary Gensler of the Securities and Exchange Commission (SEC). This shan’t happen though, as earlier this week, Gensler announced that he’d resign from the agency on January 20th, 2025. The chairman’s impending departure has raised questions over…

TuesdayNov 26, 2024 10:00 am

Asset Managers Double Down on Grid Stocks Despite Trump’s ESG Views

Analysts argue that electrical grids and the equipment required to build them are a well-positioned subsector in the energy transition space. They believe that the grid will defy incoming president Trump’s pushback against investments directed towards sustainability and ESG regulatory frameworks. Hours after Trump won, renewable energy stocks plunged then a day later, the market gauge of equipment required for grids rose by almost 6%. Firms that develop grid equipment have since recorded increases in their share prices, with Ametek Inc., Rockwell Automation Inc., and Eaton Corp all seeing over 6% increases. Emerson Electric Company also saw its share price…

FridayNov 22, 2024 10:00 am

EU Seeks to Consolidate the Reporting Obligations on ESG

Earlier this month, the President of the European Commission Ursula von der Leyen introduced a new initiative that would consolidate different ESG reporting obligations in the European Union into one regulation. The initiative’s objective is to enhance the European Union’s competitiveness while simplifying the regulatory landscape. The European Commission is now working to reduce the regulatory burden by combining the following regulations into one: EU Taxonomy Regulation This regulation is part of the European Union’s green deal and is focused on driving investment into sustainable activities while also aligning financial markets with environmental goals. Corporate Sustainability Reporting Directive (CSRD) This…

ThursdayNov 21, 2024 10:00 am

Less Than Half of Global Firms Have Published Their Climate Transition Plans

The 2024 EY Global Climate Action Barometer has found that only 41% of global organizations have plans for the climate transition. The report found that while climate disclosures have improved greatly over the last couple of years, urgent action to combat the climate crisis still lacked among firms. The report also observed an increase in disclosure coverage, noting that however, this wasn’t adequate enough to align with the international climate agenda. It also highlighted how firms couldn’t afford to ignore the potential financial impact of climate risk on their businesses. EY Global Climate Change and Sustainability Services Leader, Dr. Matthew…

ThursdayNov 21, 2024 8:45 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Reports on Storm Copper Project Deep Drilling Campaign

Aston’s CEO reports that drilling confirms the company’s geological model. The 2024 deep-drilling program has delivered further evidence of a very extensive laterally oriented deeper copper horizon that covers an area of more than 10 square kilometres (km2) and remains open. All three deeper drill holes in the 2024 program — collared approximately 2 km apart from each other — have intersected copper sulfides and prospective stratigraphy within the interpreted deeper copper horizon. Additional results from the 2024 campaign to be reported in the coming weeks. Amid strategic diamond-drilling activities, Aston Bay Holdings (TSX.V: BAY) (OTC: ATBDF), a publicly traded…

TuesdayNov 19, 2024 10:00 am

ISO Unveils Global Principles for Implementing ESG

The International Organization for Standardization (ISO) recently announced new Environmental, Social, and Governance (ESG) principles at this year’s U.N. Climate Change Conference. These implementation guidelines align with the organization’s commitment to climate action and the United Nations Sustainable Development Goals. These guidelines will mainly focus on assisting companies to navigate the ESG landscape, with their primary objective being to make it easy to comply with disclosure requirements while improving the communication, reporting, and measurement of sustainability efforts. This matters as ESG rules continue to be adopted across the globe. In the last ten years, these regulations have grown by over…

FridayNov 15, 2024 10:00 am

LinkedIn Report Finds Jobseekers with ESG Credentials Have a Higher Likelihood of Getting Hired

Green talent refers to professionals who possess skills directly associated with fighting climate change or occupying roles focused on sustainability. A new report from LinkedIn has found that the demand for jobseekers that possess ESG credentials is increasing much faster than its supply. The Global Green Skills Gap 2024 report found that the supply of green talent between last year and this year increased by only 5.6%, which is small in comparison to the over 11% increase in demand. This gap represents a growing challenge that may hinder the advancement of climate action initiatives if not addressed soon. Experts forecast…

ThursdayNov 14, 2024 10:00 am

Trump Presidency Could Cause Issues for Climate Change Policy and Businesses Embracing ESG

Specialist climate and sustainability adviser Michael Watson stated recently that Trump’s presidential election win was very significant for international climate policy. Watson cited statements from the incoming president’s campaign which suggested that his administration would impede the adoption of new climate policies. During his campaign, Trump stated that America would no longer take part in annual COP meetings following its withdrawal from the Paris Agreement. This means that the U.S. will no longer be required to submit a climate action plan to the UN, despite being the 2nd biggest emitter of greenhouse gases globally. According to Watson, Trump holds the…

TuesdayNov 12, 2024 10:00 am

Jefferies Advises ESG Heads to Lawyer Up After Trump’s Win

Following Donald Trump’s win during the United States’ 2024 presidential election, managers of ESG funds are being advised to lawyer up. It is expected that Trump’s second term in the White House will see the Republican Party’s assault on ESG investing strategies increase significantly. Analysts at Jefferies Financial Group Inc. advise that investors who intend to carry on with their ESG portfolios make sure that they understand all the ins and outs of the American legal system. In a recent note to clients, Aniket Shah and other analysts encouraged all managers of ESG funds to have a lawyer on speed-dial…

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