ESG update

ERM and Greenomy join forces

The sustainability consultancy aims to incorporate Greenomy’s ESG reporting services

EU to sharpen ban on greenwashing

Predominantly aimed at consumers, some rules of new directive could target funds’ marketing communications

Investment Association calls for EU reforms

Trade body highlights sustainability, new technologies and greater alignment on regulatory issues as areas of concern

Amicorp launches ESG reporting and rating service

The new service includes audited ESG reports, analysis, business planning and policy implementation

Arup and Re:Co launch digital sustainability services

Partnership aims to link sustainability outcomes with value creation and support decision making

European Commission opens SFDR consultation

Regulator aims to address shortcomings of legal certainty, usability and potential to counter greenwashing

Ambienta formalises science-based targets

The firm aims to measure its internal percentage of emission reduction and percentage of invested capital with validated targets

GPs find brand perception key reason for ESG reporting

A survey conducted by Oliver Wyman and Novata highlights challenges for measuring ESG financial impact

Tikehau invests in Anthesis

Tikehau shares ownership of the ESG consultancy with Carlyle, Palatine and Anthesis employee shareholders

Data constraints the biggest ESG integration hurdle

Some 71% of respondents to the BNP Paribas ESG Global Survey 2023 find lack of ESG data quality a major barrier to making more sustainable investments

Petra Funds joins forces with Novata

Partnership aims to support with collection, analysis and reporting of ESG data

Stafford appoints head of sustainability

Marta Jankovic joins from APG Asset Management where she advised on EU sustainability regulation

EFRAG to develop sustainability reporting standards

Association to establish voluntary sustainability reporting standards for SMEs outside of the CSRD’s scope

Invest Europe opens up ESG reporting guidelines

Previously for members only, the guidelines constitute a bid to harmonise and consolidate ESG reporting standards

Iceberg Data Lab launches Barbatus

The tool uses generative AI to produce ESG data analysis

Worldfavor partners with Northpeak

The collaboration will combine Worldfavor’s sustainability data platform with Northpeak’s ESG consultancy services

Unpacking the EU Commission’s sustainable finance package

Concerns about complexity remain as bloc aligns legislation on sustainable investments and looks to regulate ESG ratings providers

ESMA launches CSA

ESMA and NCAs aim to assess SFDR compliance of supervised asset managers

Raising the (global) standard

What impact are the ISSB’s disclosure standards expected to have on global sustainability reporting requirements?

European Commission updates sustainable finance framework

The Commission has proposed the requirement to regulate ESG ratings providers under ESMA

Novata expands ESG benchmarking offering

The service will encompass 50 universal and more than 200 sector-specific benchmarks

Increase in designated ESG managers at PE firms

Survey found nearly 69% of firms to have a dedicated ESG professional

The Drawdown Awards 2023: Winners announced

Congratulations to all of the winners of The Drawdown Awards 2023

ESMA provides update on greenwashing

ESMA has published one of the three ESA reports on mitigating greenwashing risks, highlighting key concerns and preventative measures

IQ-EQ partners with Novata

The partnership aims to incorporate Novata’s ESG data solution into IQ-EQ’s existing services

Travers Smith appoints co-heads of ESG and impact

Doug Bryden and Heather Gagen will lead the ESG and impact group, chaired by Simon Witney

SFDR comPAIrisons

Clarity AI analysed differences in performance and strategies of 27,000 Article 6, 8 and 9 funds

IIGCC publishes PE net-zero guidance

The industry-specific guidance aims to support GPs and LPs to achieve Paris-aligned net-zero objectives

More than half of GPs anticipate increase in tech budget

New survey findings reveal that 51% of emerging GPs expect larger IT spends during the coming year

In the name of science: how to set your emissions targets

Questions are arising about the various methodologies used to create net-zero targets

Cority acquires Greenstone

Greenstone will form part of Cority’s sustainability cloud offering

Valutico launches ESG valuation platform

ValutECO aims to integrate ESG considerations into the valuation process

European Commission provides SFDR closure

The latest SFDR update elicits a sigh of relief from GPs as responses to ESAs’ questions are published

The neverending SFDR story

EU’s supervisory authorities look to broaden SFDR disclosure requirements

Atlas Metrics secures €5.2m

The funding aims to develop the ESG platform

In defence of ESG disclosures

ESG disclosures correlate to better fund performance, study finds

FCA updates on SDR consultation

Final policy statement to come in Q3 2023 due to significant amount of responses

Low carb diet

How can GPs shed the weight of their greenhouse gas emissions within their own organisations

Mean green litigation machine

ESG jurisprudence continues to develop as BNP Paribas first private player to be hit with lawsuit

Invest Europe releases first ESG KPI report

The report is part of a wider initiative to keep track of and analyse ESG trends within the industry

CSSF updates SFDR FAQ

Luxembourg regulator adds three new questions to help clarify SFDR

Actis commits to 2030 net-zero target

The firm aims to align 60% of its AUM with net zero by 2030

Apexanalytix acquires ESG Enterprise

The acquisition enhances ESG Enterprise’s capabilities while expanding its offering to a wider client base

ESLitiGation

As regulators gear up for ESG enforcement action, private litigation is revving its engines, ready to hit the streets

Green regulation proliferation

The Green Technical Advisory group has outlined 10 ways to support international regulatory alignment

Park Square joins Novata advisory committee

Credit investment manager joins committee of investment firms to help advance ESG in PE

FCA addresses sustainability regulations ‘alphabet soup’

Regulator requests feedback on sustainability-related governance to help reform industry obligations

Katten launches ESG risk and investigations practice

India D Williams joins firm as practice co-chair with partner Johnjerica Hodge

Key ESG partners with EDCI

Software provider launches API integration with benchmark initiative

AMF calls for more stringent SFDR regulations

French financial watchdog proposes the introduction of minimal environmental requirements

UK - Same same but different

The UK's similarly named SDR is akin to the EU's SFDR, but it's best to contrast rather than compare

Germany - Wait and see

The regulator’s focus on Article 8 funds and failure to address real concerns leaves the industry frozen

France - Layers and labels

The regulator requires additional disclosures not required by other Member States

Ireland - Our survey says…

The regulator has taken a pragmatic, survey-informed approach

SFDRRRGGHHH!!!

European member states are interpreting and applying incoming esg disclosure rules differently, creating even more confusion and frustration for managers

G for granularity

KEY ESG’s latest report suggests ESG reporting requires collection of more granular data

Valutico closes first financing round

The valuations platform has secured investment from outside investors, including PUSH Ventures, aws Gründerfonds and Erste Group

Diversity and inclusion executive search firm launches

Follett Parker aims to help women fill senior roles within private equity

A question of intent

EFAMA responds to ESA’s consultation on greenwashing, distinguishing between misleading with intent and regulatory uncertainty

Pinsent Masons acquires Morgan Green Advisory

Law firm expands its ESG services by joining forces with sustainability finance consultancy