Ceres filed its comments today in support of the U.S. Securities and Exchange Commission’s proposed climate disclosure rule that would require U.S. publicly-traded companies to annually report how their businesses are assessing, measuring, and managing climate-related financial risks. These requirements would include greenhouse gas (GHG) emissions, including Scopes 1, 2 and (in some cases) Scope 3, responding to urgent investor requests for more information to identify—and plan for—fiscal risks. “The market has shifted to react to climate financial risk and investors need reliable and consistent data more than ever. That’s…
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Ceres welcomes SEC rule proposals to protect investors with stronger ESG disclosures from investment funds and advisors
Ceres welcomes two new proposed rules issued today by the U.S. Securities and Exchange Commission (SEC) which aim to strengthen protections and address increasing confusion around the rapid growth of ESG-oriented funds. One proposal, Enhanced Disclosures by Certain Investment Advisers and Investment Companies about Environmental, Social, and Governance Investment Practices, requires U.S. investment companies and advisors to state whether they use ESG criteria and disclose data that shows how funds meet those criteria if they have them. The other proposal, Investment Company Names, would strengthen the fund names rule to…
Increased Use of Technology and Product Personalization Fuel Investor Trust, CFA Institute Investor Trust Study Reveals
CFA Institute, the global association of investment professionals, today published Enhancing Investors’ Trust – the 2022 CFA Institute Investor Trust Study, the fifth in its biennial series, which measures trust levels and explores the factors that drive trust in financial services among retail and institutional investors in 15 markets globally. The study reveals that trust in financial services has reached an all-time high. The study reveals five factors driving higher trust in financial services: strong market performance, fee compression, tech-enabled transparency, greater access to markets, and new personalized products. The…
New investors demand greater sustainability expertise from fund managers
Investors now expect their fund managers to do much more than assessing risk and return, also looking for them to help navigate sustainability issues in much greater depth, reveals Triodos Bank UK. New research, which polled UK investors, shows that 83% would expect or want to see their fund manager upskilling in sustainability and environmental issues, while 85% would like or expect their fund manager to help avoid “greenwashing” claims from financial providers. For new investors, this is even more important, rising to 91% of those that have begun investing…
Better Cotton brings together Global Fashion Brands to ensure cotton traceability
Better Cotton has convened a group of leading international retailers and brands to help enable the delivery of new traceability solutions and bring greater visibility to the cotton supply chain. These include names like Marks & Spencer(M&S), Zalando and BESTSELLER. The panel has pulled together an initial £1m tranche of funding. It will work with suppliers, NGOs and independent experts in supply chain assurance to develop an approach that meets the pressing needs of industry today. Traceability within the cotton supply chain will soon become a market “must” with legislators on…