- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Former boss of Norway’s sovereign wealth fund issues climate change warning for asset managers

‘We normally don't take a bad company and make it good,’ says Knut Kjaer

Wealth managers are expanding range of investment strategies with a focus on ESG

Half of wealth managers also integrate impact considerations, up from 18% three years ago (a 177% increase), while a third (33%) state they are actively considering doing so – showing that the impact theme is moving rapidly up the priority list both

Advisers adapt to growing ESG interest

The most common change, one that 30 per cent of advisers said they had implemented, was to revise client fact finds to ask outright about ESG preferences.

BBVA, global leader for sustaining communities, according to Global Finance

With three awards in Western Europe, BBVA was the bank with the highest number of awards in this region.

Axel Weber Wants Green Capital Market in Europe

The issue is deeply personal for the German former central banker, who has been a vocal backer of making finance more environmentally, socially, and governance-sustainable.

EU banks vulnerable to climate-change risks

Implementation of new ESG measures "needs to be accelerated.

Climate crusade or greenwashing?

Not a week goes by when a company doesn’t unveil some new climate or ‘sustainability plan’. Now the regulators are asking to see the evidence

How climate-focused are sovereign funds?

There is broad acknowledgement of the need to change.

Carey Olsen acts as listing agent for two new issuers listed on TISE Sustainable

TISE Sustainable aims to enable the flow of capital into investments that promote environmental, social or sustainable activities

Climate and Resilience Law: new features for renewable energies

The Commission confirmed that the aid was necessary for the further development of renewable energy production and found the scheme to be in line with EU state aid rules.

Majority of climate-themed funds are misaligned with Paris goals

The research results were based on the Paris Agreement Capital Transition Assessment tool, which measures financial portfolios' alignment with various climate scenarios consistent with international treaty.

ESG Investing: Everyone’s on the bandwagon

But where’s it actually going?

Blackrock’s former sustainable investing chief now thinks ESG is a ‘dangerous placebo’

But there are other issues with ESG investing, according to Fancy, including its subjectivity and the unreliability of data and ratings.

Auditors must commit to calling out companies on climate

"It is hard to think of a situation where a robustly independent audit is more vital to society than the climate crisis."

Linklaters pledges support for greener arbitrations

Linklaters was at the forefront of virtual hearings during the Covid-19 pandemic, acting in one of the first fully virtual trials in the English Commercial Court as well as many virtual arbitration hearings subsequently.

Over a quarter of Scottish investors base investment decisions on environmental impact, Rathbone Investment Management

Over a quarter of Scottish HNWI’s currently base their investment decisions on a business’s impact on the environment (27%) and 26% say that they would choose a company over another based on their good treatment of their employees.

Three deep discount entry points into the low-carbon economy

Timo Smuts, an investment analyst at Orbis Investment Management, believes Siemens Energy, AES and Signify are all cheap ways into a buzzy theme.

BaFin Consultation on Guideline for Sustainable Investment Funds

The guideline sets out how certain German investment funds must be structured so that they qualify as “sustainable” or can be marketed as “sustainable” in Germany.

Why real estate investors can make a real difference to climate change

The findings of the Intergovernmental Panel on Climate Change (IPCC) place climate change firmly on our doorstep, and has demanded a global response.

Financing for the Future: Surging Sustainable Finance Market Presents Challenges, Opportunities

There is a sense we are now at an inflection point, with climate mitigation and other ESG issues becoming core to investment and business strategies for issuers, borrowers and investors.

Planet SOS