US DoL finalizes rule restricting EGS investing
The US Department of Labor on Friday finalized a rule that pension fund managers must put retirees’ financial interests ahead of sustainability considerations.
Funds
Asian ESG funds see record inflows in Q3
Asian ESG funds excluding China saw a record $8.8 billion of inflows in Q3, according to Morningstar.
Sustainable assets reach $1.2 trillion in Q3
Global sustainable funds reached $1.2 trillion in Q3 according to Morningstar.
Brunel picks Nordea to run climate mandate
Brunel Pension Partnership has chosen Nordea Asset Management to run its £325m climate and environment equity mandate.
Cazenove unveils carbon offsetting scheme
Cazenove Capital has appointed Ecologi to offset the carbon footprint of its Charity Responsible Multi-Asset Fund.
T. Rowe Price releases first sustainability report
T. Rowe Price has released its first Sustainability Report, addressing the firm’s initiatives to promote economic, social, and environmental sustainability.
Nordea leads action on coal power in Vietnam
Nordea Asset Management is leading 21 investors in a letter to companies involved in the construction of Vung Ang 2, a coal plant in Vietnam.
Polar Capital appoints head of sustainability
Polar Capital has appointed Alexander Macdonald as its Group Head of Sustainability.
Blackrock launches Asia ESG bond fund
BlackRock has launched its first ESG Asian corporate bond fund.
Bantleon launches global green bond fund
Swiss asset manager Bantleon has launched the Select Green Bonds mutual fund.