Vanguard IA fined $12.9bn for ESG claims
The Australian Securities and Investment Commission has said that Vanguard Investments Australia has been fined $12.9 million for making misleading claims about ESG exclusionary screens.
Funds
TPG raises $1.25bn for climate fund
TPG has raised $1.25 billion for its Global South Initiative strategy.
ING publishes 2024 climate progress report
ING’s Climate Progress Update includes the progress made in steering carbon-intensive sectors in its loan portfolio towards global climate goals.
Eiffel raises EUR777m for impact debt fund
The Eiffel Investment Group has said that it has raised €777 million for its Eiffel Impact Debt II fund.
Erste AM acquires Impact Asset Management
Erste Asset Management has agreed to purchase 100% of Impact Asset Management, the Austrian investment manager.
Infranity launches infrastructure debt fund
Infranity has announced the launch of its Enhanced Return Debt strategy.
WaterEquity raises $100m for impact fund
WaterEquity has raised more than $100 million for its Water & Climate Resilience Fund.
FCA will allow temporary flexibility for SDR
The UK FCA has said it will offer firms temporary flexibility to comply with naming and marketing rules under their Sustainability Disclosure Requirements.
BNP Paribas AM adds sustainable equity ETFs
BNP Paribas Asset Management has launched two ETFs investing in sustainable Japanese and US equities.
Global X launches infrastructure Ex US ETF
Global X ETFs has launched the Global X Infrastructure Development ex-US ETF.