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

Aberdeen Standard Investments BHP voting intention

This leadership needs to extend to effective oversight of all its lobbying and advocacy activities

ESG restrictions see limited impact on CLO credit

Five European ESG-compliant CLO funds have been issued since March 2018

ALFI conference 2019

There was a consensus among the speakers that ESG is now integrated into investment processes

Are new EU climate benchmarks fit for purpose?

EU guidelines on how firms report climate information could help eradicate greenwashing

How are banks doing on sustainable finance commitments? Not good enough

World Resources Institute’s new Green Targets Tool shows that only 24 of the 50 largest private-sector banks have made a sustainable finance commitment — and the targets vary considerably.

Reyl launches subsidiary for impact investing

Asteria will allocate capital to companies that generate positive social and environmental benefits, looking to the UN’s 17 Sustainable Development Goals (SDGs) as its frame of reference.

ESG: how can clients avoid 'greenwashing'?

Transnational initiatives have also been put forward recently in an effort to both harmonise and clarify the nature, breadth and scope of ESG principles and assist multi-governmental efforts aiming to apply them domestically in a coherent manner.

Nordea selection head: ESG is 'integrate or die' issue for active managers

The fund selector referred to the rise of passive and factor products, increased cost transparency demands and constant lowering of management fees as some of the biggest obstacles the industry is facing.

Over half of sovereign wealth funds now have a top down policy as ESG spreads to fixed income

The absence of quality ESG data remains a key issue, with 52 per cent of sovereigns citing quality data and ratings as the main challenge in incorporating ESG

Credit Suisse integrates ESG to entire product range

Credit Suisse Asset Management's goal is to expand its suite of ESG offerings with an estimated total of over CHF 100 billion of assets under management by the end of 2020.

UK corporate directors urged to keep abreast of climate change issues

Lord Sales noted in his speech that, based on the current law, "there is much force in the view that directors may and, increasingly, must take into account and accord significant weight to climate change in their decision-making".

Europe dominates world's green financial centres says report

GGFI states that generally standards are improving around the world as ratings of green finance rose in almost all centres for both depth and quality.

Climate Bonds Initiative, Credit Suisse launch ‘Sustainable Transition Bonds’

Two organizations partner up on building a roadmap for leveraging the global capital markets to accelerate corporate sustainable transition toward a low-carbon economy

Wellington launches global multi-factor equity fund with ESG tilt

It integrates ESG considerations by increasing or decreasing allocations to securities according to their ESG ratings, but a low rating will not necessarily result in the exclusion of a security.

ESG considerations to become mandatory within wealth management

Advisers will have to take each client’s ESG preferences into account when explaining how their investment objectives are met.

Collective Commitment to Climate Action

Working together and supporting each other in developing each bank’s capabilities and the necessary methodologies to measure climate impact and alignment with global and local climate goals.

World's richest families fret about geopolitics, climate change

Total cash reserves were 7.6% of family office investments in 2019, up 70 basis points from a year earlier.

Robeco introduces new Sustainable Enhanced Index fund

The strategy uses an extensive values-based exclusion list and includes voting and engagement, which will be carried out by Robeco’s Active Ownership team.

Natixis rolls out Green Weighting Factor

The adjustment of the expected rate of return of each financing deal based on its environmental and climate impact provides a strong incentive for Natixis’ teams to favour green financing when assessing deals with equivalent credit risk.

Remarks by Mark Carney given during the UN Secretary General’s Climate Action Summit 2019

The next step is to make these disclosures mandatory.

Planet SOS