Banks Start Dropping Clients to Dodge Costs Tied to ESG Risk
There’s already evidence that upstream oil and gas projects are falling out of favor as banks move beyond coal exclusions. That’s amid growing pressure on the finance industry from regulators and investors to shift over to low-carbon intensity sectors. At the same time, sectors judged to be at the receiving end of climate change — including some corners of the mortgage market — are also being reassessed Read more
Long & Short of Markets: Why largecap IT stocks have an edge; non-ESG trade in vogue
While over 75 per cent of global energy sources are still dependent on oil, natural gas and coal, it’s very natural for a demand spike as economies come out of lockdowns globally. To make matters worse, supply side crunch is predominant in natural gas and oil. Hence, utilities worldwide are shifting to coal, which is drawing investors’ focus on coal miners, says Chakri Lokapriya of TCG AMC. Read more
Executives Say Big Increase in ESG and Sustainability Investment Coming
Businesses are being spurred into action by increased stakeholder pressure on ESG and developing regulatory aspects of the issues, Verdantix says in its Global Corporate Survey: ESG And Sustainability Governance, Strategies And Priorities.
A quarter of executives say improving supply chain sustainability is their top priority over the next two years. Additionally, the survey found that 26% of CEOs view ESG among the top three issues their companies are currently focusing on. Read more
ESG is ‘mission critical.’ Can Paul, Weiss get law schools on board?
Paul, Weiss, Rifkind, Wharton & Garrison has teamed up with the University of California, Berkeley School of Law to launch a first-of-its kind research initiative centered on ESG — the rapidly growing legal field of environmental, social and governance issues. Read more