This research assesses 723 equity funds specifically marketed using ESG- and climate-related key words, with over US$330 billion in total net assets. It does so on the basis of two climate criteria (portfolio Paris Agreement alignment and fossil fuel intensity) likely to be of primary interest to investors in funds marketed in this manner.
Despite the CA100+ initiative having clear expectations on Paris-aligned lobbying, only 2 of the 31 CA100+ target companies found to be engaging on the taxonomy appear to be supportive of its science-based guidance with 4 companies advocating mixed or unclear positions, leaving more than 80% pushing the Commission to weaken the criteria that define what can be considered sustainable.
In the final year of the Trump Administration, authorities finalized three rules which have the effect of limiting the opportunities for ESG (Environmental, Social and Governance) investing.
FinanceMap's Asset Managers and Climate Change for 2021 looks at the sector's performance on portfolios, stewardship (engagement), and shareholder resolutions.
Intensive lobbying throughout 2020 from real economy sectors has extracted significant concessions from the European Commission on its EU Sustainable Finance taxonomy.
The research finds that the only sector where the Fed is consistently overweight on all three indicators (debt outstanding, equity values and employment) is the GISC Energy sector which contains oil/gas and coal value chain companies exclusively.
This research finds this intervention represents support of parts of the economy which may have been in secular decline prior to the pandemic, most noteably the fossil fuel energy sector.
New analysis from InfluenceMap has tracked significant lobbying on the EU Ecolabel since late 2018, as part of a wider ongoing research process covering the EUs Sustainable Finance Action Plan and how the corporate sector is influencing the process.
A new briefing from UK based think tank InfluenceMap shows how the European Central Bank %2528ECB%2529 has embarked on its Pandemic Emergency Purchase Programme %2528PEPP%2529 bond buying progamme that has spent 50bn in the last three weeks.
The following briefing focuses on how Japanese industry associations lobbied the Taxonomy and considers how these lobbying positions contrast with those of some leading European financial institutions.
An analysis of how business has sought to influence this key EU policy
