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Investment firms face challenges under new EU sustainable rules
The EU's new regulations for sustainable investing will force many investment firms to either rename thousands of funds or divest $40 billion in assets.
In short:
- The European Securities and Markets Authority (ESMA) has introduced rules to clarify the criteria for sustainable investment funds.
- Funds labeled as ESG, SRI, or similar will no longer include high-emission industries unless they meet specific environmental standards.
- Major companies like TotalEnergies may be divested from many ESG funds, affecting $3.5 billion in investments.
Key quote:
"Investors should know exactly what they are getting in their mutual funds."
— Andrew Behar, CEO of As You Sow
Why this matters:
Ensuring transparency in ESG funds is crucial for maintaining investor trust and encouraging genuine sustainable investments. As financial markets adapt, the clear labeling will help investors make informed decisions aligned with their environmental values.
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Climate change is hurting our mental health. How ‘climate cafes' can help
Similar to grief circles or other types of peer-support groups, these informal gatherings help people work through the emotional distress of living in a climate emergency.
Newsletter
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'No left-wing indoctrination': Climate science under attack in classrooms
Conservative activists and politicians in states across the country are trying to limit or distort the teaching of climate science to schoolchildren, marking a growing front in the culture war against social movements over race, gender identity and the environment.
Photo by Merch HÜSEY on Unsplash
Mentions of climate change in scripted entertainment largely absent
While there has been much research on social, political and economic issues in media and its impact on viewers, there has been little to none on climate change. It’s a major topic, as the United Nation’s latest report keeps pleading for more aggressive and accelerated actions in order to avert a climate catastrophe.
Opinion
Robert Clark: Lessons from evolutionary psychology
Some of the response to climate change concerns seems driven by emotion more than by reason, and especially to be driven by tribalism. It would be unbearably humiliating if those insufferable, Woke, politically correct leftists were actually right about something.
‘A partner you can rely on’: Falling in love while the climate changes
He was a comedian with a cause: getting more people to care about climate change. She was a podcast producer tackling issues like identity and access to nature. For Esteban and Misha, true partnership means being able to face crisis together.
www.wsj.com
Biden announces restrictions on methane emissions at COP27
The president touted U.S. plans to cut methane emissions and boost climate funding to developing countries in an address that sought to reclaim the mantle of global leadership on efforts to limit climate change.
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