Auch die ESG-Blase wird platzen (Seite 4)
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27.12.
WSJ: Oil-and-Gas Companies Seek ESG Loans, Pledging Emissions Cuts
Firms offer securities tied to decarbonization objectives as they seek new investors
https://www.wsj.com/articles/oil-and-gas-companies-seek-esg-…
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=> soweit sind wir schon
WSJ: Oil-and-Gas Companies Seek ESG Loans, Pledging Emissions Cuts
Firms offer securities tied to decarbonization objectives as they seek new investors
https://www.wsj.com/articles/oil-and-gas-companies-seek-esg-…
...
=> soweit sind wir schon
Antwort auf Beitrag Nr.: 69.647.793 von faultcode am 20.10.21 11:36:18
und so kam es, wie es kommen musste:
24.10.
»Angeblich nachhaltige Geldanlagen« -- Verbraucherschützer verklagen DWS wegen Greenwashing
Verkauft DWS Anlagen als nachhaltig, die es gar nicht sind? Mit diesem schon länger erhobenen Vorwurf gegen Deutschlands größte Fondsgesellschaft zieht die Verbraucherzentrale Baden-Württemberg jetzt vor Gericht.
https://www.spiegel.de/wirtschaft/verbraucherschuetzer-verkl…
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Konkret geht es um die Werbung der DWS für ihren »ESG Climate Tech Fonds« aus dem Mai: Die Fondsgesellschaft behauptete laut Verbraucherzentrale, dass Anleger mit ihrem Vermögen in keine Unternehmen aus kontroversen Sektoren wie die Kohle- oder Rüstungsindustrie investieren würden.
Nach Ansicht der Verbraucherschutzorganisation ist diese Werbung irreführend. Die DWS erläutere nicht transparent, wie sie zu diesen Angaben gelangt ist. »Anlegern wird vorgegaukelt, sie würden zu null Prozent in Kohle investieren, während die im Fonds gehaltenen Unternehmen z.B. bis zu 14,99 Prozent Umsatz in der Kohleindustrie erwirtschaften dürfen«, sagt Nauhauser.
Ach so nennt man das nun:
Die DWS habe die Unterlagen geprüft und sei weiterhin überzeugt, dass die kritisierten Werbemitteilungen den gesetzlichen Anforderungen entsprächen, teilt die Fondsgesellschaft mit. »Auch in Bezug auf den sich dynamisch entwickelnden Bereich ESG ist es unser Anspruch, unsere Produkte transparent und verständlich darzustellen,« sagte ein Sprecher.
"dynamisch entwickelnden Bereich ESG", DWS
20.10.2021Zitat von faultcode: ...
Because of the DWS example, the “implications of potential wider regulatory interventions into ESG across the sector may be acting as an overhang on the share prices,” Jagpal said.
...
und so kam es, wie es kommen musste:
24.10.
»Angeblich nachhaltige Geldanlagen« -- Verbraucherschützer verklagen DWS wegen Greenwashing
Verkauft DWS Anlagen als nachhaltig, die es gar nicht sind? Mit diesem schon länger erhobenen Vorwurf gegen Deutschlands größte Fondsgesellschaft zieht die Verbraucherzentrale Baden-Württemberg jetzt vor Gericht.
https://www.spiegel.de/wirtschaft/verbraucherschuetzer-verkl…
...
Konkret geht es um die Werbung der DWS für ihren »ESG Climate Tech Fonds« aus dem Mai: Die Fondsgesellschaft behauptete laut Verbraucherzentrale, dass Anleger mit ihrem Vermögen in keine Unternehmen aus kontroversen Sektoren wie die Kohle- oder Rüstungsindustrie investieren würden.
Nach Ansicht der Verbraucherschutzorganisation ist diese Werbung irreführend. Die DWS erläutere nicht transparent, wie sie zu diesen Angaben gelangt ist. »Anlegern wird vorgegaukelt, sie würden zu null Prozent in Kohle investieren, während die im Fonds gehaltenen Unternehmen z.B. bis zu 14,99 Prozent Umsatz in der Kohleindustrie erwirtschaften dürfen«, sagt Nauhauser.
Ach so nennt man das nun:
Die DWS habe die Unterlagen geprüft und sei weiterhin überzeugt, dass die kritisierten Werbemitteilungen den gesetzlichen Anforderungen entsprächen, teilt die Fondsgesellschaft mit. »Auch in Bezug auf den sich dynamisch entwickelnden Bereich ESG ist es unser Anspruch, unsere Produkte transparent und verständlich darzustellen,« sagte ein Sprecher.
4.9.
Metal Plants Feeding Europe’s Factories Face an Existential Crisis
https://finance.yahoo.com/news/metal-plants-feeding-europe-f…
...
In the aluminum industry, closing a smelter is an agonizing decision. Once power is cut and the production “pots” settle back to room temperature, it can take many months and tens of millions of dollars to bring them back online.
et Norsk Hydro ASA is preparing this month to do exactly that at a huge plant in Slovakia. And it’s not the only one — European production has dropped to the lowest levels since the 1970s and industry insiders say the escalating energy crisis is now threatening to create an extinction event across large swathes of the region’s aluminum production.
The explanation lies in aluminum’s nickname: “congealed electricity.” The metal — used in a huge range of products, from car frames and soda cans to ballistic missiles — is produced by heating raw materials until they dissolve, and then running an electric current through the pot, making it massively power intensive. One ton of aluminum requires about 15 megawatt-hours of electricity, enough to power five homes in Germany for a year.
Some smelters are protected by government subsidies, long-term electricity deals or access to their own renewable power, but the rest face an uncertain future.
“History has proven, once aluminum smelters go away, they don’t come back,” said Mark Hansen, chief executive of metals trading house Concord Resources Ltd. “There is an argument which extends beyond employment: this is an important base metal commodity, it goes into aircraft, weapons, transport and machinery.”
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was für ein Rückschlag für die "ESG-Bewegung":
5.9.
Chile: Neue Verfassung bei Referendum abgelehnt
https://www.finanzen.net/nachricht/aktien/chile-neue-verfass…
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62,2 Prozent sprachen sich gegen die Änderung des Grundgesetzes aus, teilte die chilenische Wahlbehörde nach Auszählung von über 72 Prozent der Stimmen am Sonntag mit. Die neue Verfassung, die sich auf soziale Rechte, die Umwelt, die Gleichstellung der Geschlechter und die Rechte der Ureinwohner konzentriert, sollte den derzeitigen Text ersetzen, der noch aus der Zeit der Diktatur von Augusto Pinochet stammt.
Fast 80 Prozent der Chilenen hatten sich nach den massiven Protesten gegen soziale Ungerechtigkeit 2019 für die Ausarbeitung einer neuen Verfassung ausgesprochen. Jüngste Umfragen vor der Wahl zeigten jedoch, dass die öffentliche Unterstützung aufgrund von Sorgen über bestimmte Vorschläge und Kontroversen über die an der Ausarbeitung Beteiligten zurückgegangen war.
Das Büro von Präsident Gabriel Boric bestätigte gegenüber Reuters, dass er für Montag ein Treffen mit den politischen Parteien einberufen habe. Unabhängig vom Ergebnis werde die Regierung mit allen Sektoren zusammenarbeiten, um "Gerechtigkeit, Gleichheit, Wachstum und Entwicklung für alle voranzutreiben".
...
5.9.
Chile: Neue Verfassung bei Referendum abgelehnt
https://www.finanzen.net/nachricht/aktien/chile-neue-verfass…
...
62,2 Prozent sprachen sich gegen die Änderung des Grundgesetzes aus, teilte die chilenische Wahlbehörde nach Auszählung von über 72 Prozent der Stimmen am Sonntag mit. Die neue Verfassung, die sich auf soziale Rechte, die Umwelt, die Gleichstellung der Geschlechter und die Rechte der Ureinwohner konzentriert, sollte den derzeitigen Text ersetzen, der noch aus der Zeit der Diktatur von Augusto Pinochet stammt.
Fast 80 Prozent der Chilenen hatten sich nach den massiven Protesten gegen soziale Ungerechtigkeit 2019 für die Ausarbeitung einer neuen Verfassung ausgesprochen. Jüngste Umfragen vor der Wahl zeigten jedoch, dass die öffentliche Unterstützung aufgrund von Sorgen über bestimmte Vorschläge und Kontroversen über die an der Ausarbeitung Beteiligten zurückgegangen war.
Das Büro von Präsident Gabriel Boric bestätigte gegenüber Reuters, dass er für Montag ein Treffen mit den politischen Parteien einberufen habe. Unabhängig vom Ergebnis werde die Regierung mit allen Sektoren zusammenarbeiten, um "Gerechtigkeit, Gleichheit, Wachstum und Entwicklung für alle voranzutreiben".
...
2.9.
...Deutsche Bank sagt die nächste ESG-Blase voraus
https://www.finanzen.net/nachricht/aktien/kohlenstoffmarkt-n…
...
Nun warnte die Deutsche Bank kürzlich vor einer möglichen ESG-Blase, wie Bloomberg berichtet. Kalpana Seethepalli, Director of Asia-Pacific ESG bei der Deutschen Bank, erklärte demnach im Zuge des Bloomberg Asia Wealth Summit in Singapur, dass die Kohlenstoffmärkte im Bereich Umwelt, Soziales und Unternehmensführung (ESG) eine Sonderstellung einnehmen würden. "Die nächste ESG-Blase könnte von den Kohlenstoffmärkten ausgehen, die sehr, sehr wichtig sind. Man wird viel darüber hören, wenn es darum geht, Netto-Null zu erreichen", so Seethepalli.
...
...Deutsche Bank sagt die nächste ESG-Blase voraus
https://www.finanzen.net/nachricht/aktien/kohlenstoffmarkt-n…
...
Nun warnte die Deutsche Bank kürzlich vor einer möglichen ESG-Blase, wie Bloomberg berichtet. Kalpana Seethepalli, Director of Asia-Pacific ESG bei der Deutschen Bank, erklärte demnach im Zuge des Bloomberg Asia Wealth Summit in Singapur, dass die Kohlenstoffmärkte im Bereich Umwelt, Soziales und Unternehmensführung (ESG) eine Sonderstellung einnehmen würden. "Die nächste ESG-Blase könnte von den Kohlenstoffmärkten ausgehen, die sehr, sehr wichtig sind. Man wird viel darüber hören, wenn es darum geht, Netto-Null zu erreichen", so Seethepalli.
...
Trading Spotlight
Nach Japan (*) macht nun auch Südkorea einen vollen Schlenk zurück zur Atomenergie -- und zwar, zumindest nach Plan, recht deutlich:
30.8.
Korea Pares Back Renewables as It Taps Nuclear for Climate Goal
https://finance.yahoo.com/news/korea-pares-back-renewables-t…
...
Renewable energy should account for 21.5% of generation capacity by the end of the decade, according to a draft of the nation’s long-term power supply plan, down from 30.2% under the previous version, the energy ministry said Tuesday in a statement, citing a government advisory group. Most of the gap would be met by nuclear while coal and gas are little changed from the prior proposal.
If the draft is finalized, it will mark a turning point under the new government led by President Yoon Suk Yeol that focuses on nuclear energy rather than renewables to meet climate goals. Yoon touted atomic energy throughout his presidential campaign and said there was a need to build more reactors, in a clear reversal of former President Moon Jae-in’s anti-nuclear policies.
The proposal will go through government discussions, parliament and public hearing before it’s finalized, the energy ministry said. South Korea bolstered its official emissions target, known as the nationally determined contribution, in 2021 to cut emissions 40% by 2030 from 2018 levels.
(*) 24.8.
Japan turns back to nuclear power in significant policy shift as fuel prices soar
https://edition.cnn.com/2022/08/24/energy/japan-nuclear-powe…
...
Prime Minister Fumio Kishida said Wednesday Japan will restart idled nuclear plants and consider developing next-generation reactors, in a policy reversal that will see the nation turn back toward atomic energy as fuel prices soar worldwide.
Kishida told reporters he had instructed officials to come up with concrete measures by the end of the year.
The move is a significant shift for Japan, which has dialed back its use of nuclear power since 2011, when a tsunami triggered by a massive earthquake sent water crashing into the Fukushima Daiichi power plant -- leading to the world's worst nuclear disaster since Chernobyl in 1986.
Since then, the public has been skeptical about nuclear power and Japan has made strict safety updates at plants throughout the country.
In recent years the country has also imported greater amounts of natural gas and coal to meet its energy needs.
...
30.8.
Korea Pares Back Renewables as It Taps Nuclear for Climate Goal
https://finance.yahoo.com/news/korea-pares-back-renewables-t…
...
Renewable energy should account for 21.5% of generation capacity by the end of the decade, according to a draft of the nation’s long-term power supply plan, down from 30.2% under the previous version, the energy ministry said Tuesday in a statement, citing a government advisory group. Most of the gap would be met by nuclear while coal and gas are little changed from the prior proposal.
If the draft is finalized, it will mark a turning point under the new government led by President Yoon Suk Yeol that focuses on nuclear energy rather than renewables to meet climate goals. Yoon touted atomic energy throughout his presidential campaign and said there was a need to build more reactors, in a clear reversal of former President Moon Jae-in’s anti-nuclear policies.
The proposal will go through government discussions, parliament and public hearing before it’s finalized, the energy ministry said. South Korea bolstered its official emissions target, known as the nationally determined contribution, in 2021 to cut emissions 40% by 2030 from 2018 levels.
(*) 24.8.
Japan turns back to nuclear power in significant policy shift as fuel prices soar
https://edition.cnn.com/2022/08/24/energy/japan-nuclear-powe…
...
Prime Minister Fumio Kishida said Wednesday Japan will restart idled nuclear plants and consider developing next-generation reactors, in a policy reversal that will see the nation turn back toward atomic energy as fuel prices soar worldwide.
Kishida told reporters he had instructed officials to come up with concrete measures by the end of the year.
The move is a significant shift for Japan, which has dialed back its use of nuclear power since 2011, when a tsunami triggered by a massive earthquake sent water crashing into the Fukushima Daiichi power plant -- leading to the world's worst nuclear disaster since Chernobyl in 1986.
Since then, the public has been skeptical about nuclear power and Japan has made strict safety updates at plants throughout the country.
In recent years the country has also imported greater amounts of natural gas and coal to meet its energy needs.
...
Antwort auf Beitrag Nr.: 72.271.401 von faultcode am 25.08.22 12:45:27$DRLL / Strive U.S. Energy ETF: https://strivefunds.com/drll
24.8.
Anti-ESG Firm Strive Plans Four New ETFs After First Fund Draws $250 Million
https://finance.yahoo.com/news/anti-esg-firm-strive-plans-17…
...
After the rapid success of its inaugural anti-ESG exchange-traded fund, Strive Asset Management is striking while the iron’s hot.
The firm, which launched in 2022 with backing from billionaire investors including Peter Thiel and Bill Ackman, filed for four additional equity ETFs with US regulators on Tuesday. The filings land just two weeks after the Strive US Energy ETF (ticker DRLL) launched, which has already accumulated nearly $250 million in assets.
While DRLL and the planned funds are passively managed and track indexes, Strive has a clear aim: accumulate enough assets to hold sway in corporate boardrooms. As outlined in Tuesday’s filings, Strive will “generally vote against board members and proposals that advance social or political agendas unrelated to providing excellent products and services to customers” -- which in DRLL’s case, means encouraging oil companies to drill more. That pits the issuer against the likes of BlackRock Inc., which has launched a wave of environmental, social and governance-focused funds in recent years.
“There is a growing number of investors who believe politically-charged ESG mandates have become too intertwined with how larger asset managers vote company shares, and Strive is seeking to a capitalize on that,” said Nate Geraci, president of The ETF Store, an advisory firm. “It’s a pretty good start for DRLL, and I think on the heels of that success, they’re now going to move forward with launching ETFs in various other categories.”
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Anti-ESG Firm Strive Plans Four New ETFs After First Fund Draws $250 Million
https://finance.yahoo.com/news/anti-esg-firm-strive-plans-17…
...
After the rapid success of its inaugural anti-ESG exchange-traded fund, Strive Asset Management is striking while the iron’s hot.
The firm, which launched in 2022 with backing from billionaire investors including Peter Thiel and Bill Ackman, filed for four additional equity ETFs with US regulators on Tuesday. The filings land just two weeks after the Strive US Energy ETF (ticker DRLL) launched, which has already accumulated nearly $250 million in assets.
While DRLL and the planned funds are passively managed and track indexes, Strive has a clear aim: accumulate enough assets to hold sway in corporate boardrooms. As outlined in Tuesday’s filings, Strive will “generally vote against board members and proposals that advance social or political agendas unrelated to providing excellent products and services to customers” -- which in DRLL’s case, means encouraging oil companies to drill more. That pits the issuer against the likes of BlackRock Inc., which has launched a wave of environmental, social and governance-focused funds in recent years.
“There is a growing number of investors who believe politically-charged ESG mandates have become too intertwined with how larger asset managers vote company shares, and Strive is seeking to a capitalize on that,” said Nate Geraci, president of The ETF Store, an advisory firm. “It’s a pretty good start for DRLL, and I think on the heels of that success, they’re now going to move forward with launching ETFs in various other categories.”
...
25.8.
'Sleeping' ESG Loans Are a Worrying Trend, BNP Says
https://finance.yahoo.com/news/sleeping-esg-loans-worrying-t…
...
Companies that get loans with an ESG label but no immediate sustainability targets are a worrying new trend, according to BNP Paribas SA.
Agnes Gourc, the head of sustainable capital markets at the French bank, told Bloomberg News that some borrowers want the benefits of tying loans to environmental, social and governance goals without disclosing specific targets or performance metrics until a later date.
Such “sleeping” sustainability-linked loans (SLLs) by companies including Grosvenor Group Holdings Ltd. and Raven Housing Trust Ltd have already raised concerns over exactly how they are related to social and environmental benefits, adding more fuel to a global debate about corporate greenwashing.
The stakes are high and rising as sustainability-linked debt grows in popularity. Issuers often view SLLs as an easier entry point into environmental, social and governance products than green bonds, as proceeds are not restricted only for ESG purposes.
...
'Sleeping' ESG Loans Are a Worrying Trend, BNP Says
https://finance.yahoo.com/news/sleeping-esg-loans-worrying-t…
...
Companies that get loans with an ESG label but no immediate sustainability targets are a worrying new trend, according to BNP Paribas SA.
Agnes Gourc, the head of sustainable capital markets at the French bank, told Bloomberg News that some borrowers want the benefits of tying loans to environmental, social and governance goals without disclosing specific targets or performance metrics until a later date.
Such “sleeping” sustainability-linked loans (SLLs) by companies including Grosvenor Group Holdings Ltd. and Raven Housing Trust Ltd have already raised concerns over exactly how they are related to social and environmental benefits, adding more fuel to a global debate about corporate greenwashing.
The stakes are high and rising as sustainability-linked debt grows in popularity. Issuers often view SLLs as an easier entry point into environmental, social and governance products than green bonds, as proceeds are not restricted only for ESG purposes.
...
19.8.
‘ESG’ Stripped From 23% of EU Sustainable Funds in Review
https://finance.yahoo.com/news/esg-stripped-23-eu-sustainabl…
...
Almost a quarter of funds that claim to “promote” sustainability under European regulations don’t deserve an “ESG” label, according to a fresh review by market researcher Morningstar Inc.
The analysis, which looked at funds classified as Article 8 within the EU’s Sustainable Finance Disclosure Regulation, shows that 23% don’t live up to environmental, social or governance investing principles, Boya Wang, ESG analyst at Morningstar, said in an interview.
To justify an ESG tag within Morningstar’s definition of the term, a fund’s investment strategy can’t rely only on excluding so-called sin stocks like tobacco, coal or weapons, Wang said. “Many Article 8 funds will not be tagged as sustainable funds under our framework,” he said.
...
‘ESG’ Stripped From 23% of EU Sustainable Funds in Review
https://finance.yahoo.com/news/esg-stripped-23-eu-sustainabl…
...
Almost a quarter of funds that claim to “promote” sustainability under European regulations don’t deserve an “ESG” label, according to a fresh review by market researcher Morningstar Inc.
The analysis, which looked at funds classified as Article 8 within the EU’s Sustainable Finance Disclosure Regulation, shows that 23% don’t live up to environmental, social or governance investing principles, Boya Wang, ESG analyst at Morningstar, said in an interview.
To justify an ESG tag within Morningstar’s definition of the term, a fund’s investment strategy can’t rely only on excluding so-called sin stocks like tobacco, coal or weapons, Wang said. “Many Article 8 funds will not be tagged as sustainable funds under our framework,” he said.
...
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