The average ESG score of US companies rose 3.2% in 2020, according to data by Refinitiv. The average ESG score of 137 US companies with a market cap of at least $5bn rose from 42.8 in 2019 to 44.2 in 2020, its highest level in the past decade.
The German state of Nordrhein Westfalen has said it will use the “fossil free” STOXX ESG Countries World ex Eurozone index in the global equity portfolios of its pension funds. The state is also one of four federal states currently using a custom STOXX ESG index for its Eurozone investments.
The increase in net zero targets from governments and the financial sector is likely to raise the cost of capital and credit risk for carbon-intensive activities, according to a new report from Moody’s. The ratings agency says that it expects pressure will “inexorably rise” for major producers and users of hydrocarbons to implement net zero transition plans.
Dynamic Advisor Solutions has announced the launch of a…