Asset managers are warning that new sustainable finance rules in Europe could end up reducing financing to emerging markets countries, where capital is most needed to fund the renewable energy transition.
Consultants and asset managers say time will tell whether changes in the economy will boost corporate pensions’ funded status for the rest of the year.
BlackRock CEO Larry Fink told global leaders the World Bank and International Monetary Fund are outdated and require a total overhaul if they’re to marshal the trillions of dollars in investment needed to bring sustainability to the developing world.