Sign in
Stories
ESG Craze Fading: Investors Withdraw, Regulatory Oversight, and Weak Sustainability Goals
Share
Deutsche Bank's DWS Faces ESG and AML Pe...
ESG Trends in 2024
Sustainable Finance Trends in 2024
16 Strategies for Sustainable Business I...
Banks' ESG Commitments Under Scrutiny
Barclays Strengthens Green Financing
Overview
API
Investors are withdrawing from sustainable funds, leading to closures and a reassessment of the industry. Wall Street's embrace of sustainable investing is fading due to regulatory oversight, higher interest rates, and a backlash against ESG investing. The UK's financial watchdog, the FCA, has stated that further improvement is needed by fund managers to comply with its principles on ESG and sustainable funds. Investors in Europe are withdrawing from ESG funds with weak sustainability goals as the market prepares for a major overhaul of environmental, social, and governance regulations. The US Securities and Exchange Commission (SEC) has removed environmental, social, and governance (ESG) from their 2024 audit priorities. DWS Executive warns of a 'nightmare' result as ESG rules are revised.
Ask a question
How can fund managers improve compliance with ESG and sustainable fund principles?
What are the implications of the SEC removing ESG from audit priorities?
What are the potential consequences of investors withdrawing from sustainable funds?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Jul 2023
Aug 2023
Sep 2023
Oct 2023
Nov 2023
Coverage
asian