Interesting read and thank you for the article.
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Harish Chowdary Gottipati
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Original Message:
Sent: 08-10-2025 10:15
From: Aya Pariy
Subject: ESG - OK, FT says
Key Concerns Raised
- Major banks in both the US and Europe (e.g. Goldman Sachs, JPMorgan, HSBC, UBS) have withdrawn from the Net-Zero Banking Alliance, signaling a retreat from formal climate commitments.
- Asset managers have also pulled back, with the Net Zero Asset Managers alliance suspending operations.
- In the US, this shift is partly driven by political pressure from the Trump administration, including threats of antitrust lawsuits against firms in green alliances.
- Globally, there are concerns that climate commitments may hinder economic growth.
Reasons for Optimism
- Despite institutional retreat, corporate-level climate reporting is growing:
- Over 22,400 companies reported climate data to the Carbon Disclosure Project in 2024, up from 4,968 in 2014.
- In 2024 regulatory filings:
- 30% of US public companies mentioned ESG
- 47% mentioned climate change
- 52% mentioned sustainability
- ESG data usage by asset managers is increasing:
- ESG provider revenues rose from $245mn in 2016 to $1.56bn in 2024.
- MSCI's ESG and climate data sales reached an annualized rate of $384mn in H1 2025.
- 48 of the world's 50 largest asset managers use MSCI's ESG data.
- Sustainable fund assets reached $3.5tn in Q2 2025 (Morningstar).
- The International Sustainability Standards Board (ISSB) published key frameworks:
- IFRS S1: Material sustainability risks
- IFRS S2: Climate-related disclosures
- Adopted or planned by 37 jurisdictions, including emerging markets and G7 countries.
While political and economic pressures have led to some rollbacks in formal climate alliances, the underlying momentum in ESG reporting, data usage, and sustainable investing remains strong. The shift toward transparency and accountability at the corporate level is likely to continue, even if institutional support fluctuates.
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Aya Pariy
Original Message:
Sent: 08-10-2025 10:13
From: Aya Pariy
Subject: ESG - OK, FT says
Hello Community,
Whatever you think of the sector, its not doing that bad - FT says.
Read more in this FT's article but overall investments still flow into ESG. Some event suggest to set up an organisation similar to a union. The phrase "avoid climate culture wars" was also used.
What do you make out of this? What is the next short term future look like?
https://www.ft.com/content/d1c119f0-cca1-4565-9fa1-236a51067a03
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Aya Pariy
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