‘Anti-ESG’ funds face slowing deposits, Morningstar says
“Anti-ESG” funds drew attention in the U.S., often from energy-producing states, but after peaking at $376 million during the third quarter of 2022, total net new deposits then fell to $188 million in the last three months of 2022 and to $69 million in the first three months of 2023. Read more
More than 75% of Private Markets Investors Plan to Stop Investing in Non-ESG Products: PwC
As per PWC survey report of investors, following several years of increasing ESG AUM in private markets, it is indicated that they have strong intentions to allocate more capital to ESG investments, with 87.5% of LPs surveyed reporting plans to increase their private markets ESG investments over the next two years. Read more
Ørsted becomes world’s first energy company to issue blue bonds
On World Ocean Day(8June), Ørsted became the first energy company in the world to issue blue bonds. The five-year, EUR 100 million blue bond was issued in a private placement format in accordance with the IFC Blue Finance Guidelines, the proceeds of which will be allocated to investments in offshore biodiversity. Read more
