China’s car sales in April recorded the biggest drop in two years

The point of no return for Earth has approached, and some leaders have begun to make their choices about exclusion. According to the World Meteorological Organization, there is now a 48% chance that the planet’s temperature will rise 1.5 degrees above pre-industrial values ​​within five years due to greenhouse gas emissions. The chances were almost zero just seven years ago. The point is that when the guard limit is exceeded, strong reactions from the climate are expected, ranging from floods to strong drought waves, problems that Italy has also experienced recently. In this sense, a $ 118 billion management company under Dutch management has begun blacklisting a number of Chinese assets after developing a new analyst tool that identifies environmental, social and managerial risks. Van Lanschot Kempen has a 400-year-old business behind him and has given life to a scoring test, which in addition to the climate issue also embraces a country’s corruption. The management company will start excluding government bonds as well, according to Nikesh Patel, asset manager. The new strategy will be applied to all portfolios. It is no coincidence that on May 1, China announced that until March 2023, it will no longer apply tariffs on incoming coal (it also buys the raw material from Russia) to allow companies to operate in the absence of natural gas on the market, according to. what explains the Caixin agency. Banks themselves can favor loans to companies operating in the energy sector. The ESG sector reached $ 40 trillion by 2022, according to estimates by Bloomberg Intelligence. Its rapid growth led the scale into “some questionable markets,” writes Bloomberg, which in March conducted an analysis that “ESG fund managers hold everything from Russian government bonds to shares of giants. Government-guaranteed oil and gas.” Another analysis of the BI database highlighted “the enormous exposure of ESG funds to China, an autocratic regime”. According to the analysis of BI data, European ESG funds were invested at the end of March for $ 130 billion in assets in China, while a further $ 160 billion is in the portfolio of European ESG-type vehicles related to investment risks. Van Lanschot Kempen’s analysis tool is designed to identify both people who do not comply with an environmental policy and topics such as freedom of expression or the degree of corruption in a country. It was developed before the Russian invasion of Ukraine to do something clean in the sector where everything is located, the company explained. The Van Lanschot Kempen test has identified some democracies that do not comply with ESG standards, for example, India risks being downgraded (there are environmental issues, for example always associated with coal), but the United States also has some critical areas. Meanwhile, wealth managers in China are showing signs of increasing focus on ESG issues. Chinese climate-focused funds more than doubled their assets by 2021 and surpassed the United States, according to a Morningstar study. Total assets reached $ 47 billion in 2021 thanks to record-high inflows and out-of-competition competition from the Chinese clean energy sector. In the United States, climate funds rose to $ 31 billion, while in Europe, by far the largest market, they almost doubled to $ 325 billion. Russia’s invasion of Ukraine, however, changed the geopolitical balance, caused commodities to run and shake both the stock and bond markets. While China had given itself a decarbonization program in January, it began reopening its coal mines at the end of the first quarter due to a lack of natural gas. (All rights reserved)

The point of no return for Earth has approached, and some leaders have begun to make their choices about exclusion. According to the World Meteorological Organization, there is now a 48% chance that the planet’s temperature will rise 1.5 degrees above pre-industrial values ​​within five years due to greenhouse gas emissions. The chances were almost zero just seven years ago. The point is that when the guard limit is exceeded, strong reactions from the climate are expected, ranging from floods to strong drought waves, problems that Italy has also experienced recently. In this sense, a $ 118 billion management company under Dutch management has begun blacklisting a number of Chinese assets after developing a new analyst tool that identifies environmental, social and managerial risks. Van Lanschot Kempen has a 400-year-old business behind him and has given life to a scoring test, which in addition to the climate issue also embraces a country’s corruption. The management company will start excluding government bonds as well, according to Nikesh Patel, asset manager. The new strategy will be applied to all portfolios. It is no coincidence that on May 1, China announced that until March 2023, it will no longer apply tariffs on incoming coal (it also buys the raw material from Russia) to allow companies to operate in the absence of natural gas on the market, according to. what explains the Caixin agency. Banks themselves can favor loans to companies operating in the energy sector. The ESG sector reached $ 40 trillion by 2022, according to estimates by Bloomberg Intelligence. Its rapid growth led the scale into “some questionable markets,” writes Bloomberg, which in March conducted an analysis that “ESG fund managers hold everything from Russian government bonds to shares of giants. Government-guaranteed oil and gas.” Another analysis of the BI database highlighted “the enormous exposure of ESG funds to China, an autocratic regime”. According to the analysis of BI data, European ESG funds were invested at the end of March for $ 130 billion in assets in China, while a further $ 160 billion is in the portfolio of European ESG-type vehicles related to investment risks. Van Lanschot Kempen’s analysis tool is designed to identify both people who do not comply with an environmental policy and topics such as freedom of expression or the degree of corruption in a country. It was developed before the Russian invasion of Ukraine to do something clean in the sector where everything is located, the company explained. The Van Lanschot Kempen test has identified some democracies that do not comply with ESG standards, for example, India risks being downgraded (there are environmental issues, for example always associated with coal), but the United States also has some critical areas. Meanwhile, wealth managers in China are showing signs of increasing focus on ESG issues. Chinese climate-focused funds more than doubled their assets by 2021 and surpassed the United States, according to a Morningstar study. Total assets reached $ 47 billion in 2021 thanks to record-high inflows and out-of-competition competition from the Chinese clean energy sector. In the United States, climate funds rose to $ 31 billion, while in Europe, by far the largest market, they almost doubled to $ 325 billion. Russia’s invasion of Ukraine, however, changed the geopolitical balance, caused commodities to run and shake both the stock and bond markets. While China had given itself a decarbonization program in January, it began reopening its coal mines at the end of the first quarter due to a lack of natural gas. (All rights reserved)


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