BlackRock comes under fire from London investor over ESG ‘hypocrisy’ December 7, 2022 London-based activist investor Bluebell Capital has set its sights on the world’s biggest asset manager BlackRock, calling for chief Larry Fink to be ousted over “hypocrisy” on environmental, social and governance issues.
‘Greening’ investor portfolios has done little to slash emissions, UBS warns November 10, 2022 The “greening” of investors’ portfolios has had little impact on the actual decarbonising of the economy, investment bank UBS warned today, as it called for a significant acceleration of financial efforts to tackle environmental collapse.
‘Golden source’ for ESG data will help listed firms decide where they put their cash November 8, 2022 A new ‘golden source’ for environmental and social governance (ESG) data will help listed firms decide where they put their money, and even what their values should be. Nina Spencer saw a gap in the market after more than 15-years sitting on company boards and advising leading fintech firms. Her new analytics and benchmarking database, [...]
The City is a green machine but ESG claims must be scrutinised properly November 2, 2022 Greenwashing, virtue-signalling and corporate guff are setting back the City’s environmental agenda Is it pro-bird? Is it anti-plane? Or is it just a bubble? That’s the question that many in the City have been asking themselves over the past few months about those three little words: environmental, social, and governance. The rise of ESG was [...]
FCA poised to clampdown on greenwashing with ‘ESG’ curbs October 25, 2022 The UK’s City watchdog has announced a landmark set of measures to police how firms use terms like ‘ESG’ and ‘green’ today as it looks to stamp out rampant greenwashing in the City.
Global ESG funds set to hit $34tn by 2026, says PwC October 10, 2022 The global value of environmental, social and governance funds will surge to nearly $34tn by 2026 as investors look to profit from a transition to green energy, according to a new report.
MPs set to scrutinise ESG industry amid greenwashing concerns October 6, 2022 MPs are set to scrutinise the environmental, social and governance (ESG) investing industry next week amid growing concerns of 'greenwashing'.
Deloitte to recruit 3,500 new consultants in £220m hiring spree September 20, 2022 Deloitte is set to hire 3,500 new consultants as part of £220m plans to capitalise on surging demand for advice as businesses seek to navigate the digital and green transitions. The hires will see the Big Four accountancy firm’s increase the size of its consulting workforce by 40 per cent over the next half a [...]
Lawyers should be ‘ethically obliged’ to inform clients of climate risks, open letter says September 15, 2022 Lawyers have said the legal sector should be forced to inform their clients of the legal risks of investing in projects that are inconsistent with efforts to keep global warming below 1.5˚C In an open letter, more than 100 top lawyers called on regulators to ensure solicitors and barristers are “ethically obliged” to advise their [...]
Accenture snaps up Carbon Intelligence in fifth ESG focused acquisition this year September 4, 2022 Accenture has snapped up London headquartered ESG consultancy Carbon Intelligence, in its fifth sustainability-focused acquisition this year. The acquisition, for an undisclosed sum, will see Carbon Intelligence’s 160 consultants join the New York listed IT consultancy’s more than 700,000 strong workforce. Founded in 2011, Carbon Intelligence helps clients calculate their carbon footprints and sells advice [...]