Federated Hermes has indicated that it will end membership of the State Financial Officers Foundation.
The ESG product would seek to expand disaster coverage and provide pricing transparency.
The unit, Transition Capital, is part of BlackRock Alternatives and will be led by Dickon Pinner, former head of McKinsey Sustainability.
The asset management firm is doing better on disclosure but has a long way to go, activist group says.
The final rule is coming out at a time when sustainable investing has become a political flashpoint.
The world’s biggest asset manager keeps rolling out sustainability themed products.
'Attestation' will lead to more reliable data for investors, but there are hurdles to overcome first.
But for sustainability-linked bonds, sales are up 18% year-to-date compared with this time in 2021, according to S&P.
The Carbon Strategy ETF, which is listed on NYSE Arca, will hold futures contracts on carbon allowances in emissions trading systems in Europe and North America.
Woll has been the face of one of the most prominent organizations supporting sustainable investing for 16 years.
