Ban follows landmark ruling against HSBC for 'misleading' sustainability ads last October
Esg
Investors were spooked by bond market volatility, the US debt-ceiling, and growing concerns over inflation and economic growth
Swiss asset manager is the latest signatory of the Net Zero Asset Managers initiative
Companies are inclined to use “off the shelf” ESG metrics like board diversity and carbon emissions, even though they might not be material for their core business
New joiners come as major players like Vanguard, Axa and Allianz quit net-zero coalitions amid an anti-ESG backlash in the US
Bosses at Abrdn, Jupiter and Schroders bagged big bonuses despite weaker profits and AUM in 2022