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Unlocking the Future of ESG Investments

World Economic Magazine May 8, 2023

The rise of environmental, social, and governance (ESG) investments has seen an increase in demand for such products in the asset management market. However, concerns around the lack of clear ESG standards and the potential for “greenwashing” have regulators proposing new rules and guidance. Asset managers must ensure their ESG products deliver genuine outcomes to meet regulatory standards, but face challenges in finding enough investable opportunities in the market. The creation of high carbon transition funds by large institutional investors may offer a solution to the traditional divestment approach, contributing to real economy emission reductions. Firms launching new ESG products must stay ahead of the evolving regulatory environment, with KPMG’s Asset Management team offering effective ESG strategies and regulatory analysis to stay competitive.

US major home goods retailer Bed Bath & Beyond files Bankruptcy petition

World Economic Magazine May 5, 2023

Bed Bath & Beyond Inc, the US-based omni chain home goods retailer, on Sunday announced that it and certain of its subsidiaries, filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code (Chapter 11) in the US Bankruptcy Court of New Jersey to implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets.

Australia Energy Storage Systems (ESS) – An Overview of its Market Trends, Innovation & Forecast

World Economic Magazine May 3, 2023

IHS Markit makes a bold prediction in their most recent

How Digital Disruption is Impacting Traditional Banking in the Middle East?

World Economic Magazine May 2, 2023

Digital banks in UAE, Kuwait, and Saudi Arabia are posing significant challenges and opportunities for traditional banks in the region. While the prevalence of cash payments remains high, recent government policies, regulatory initiatives, and the outbreak of the COVID-19 pandemic are spurring rapid changes in the payments landscape. According to a survey conducted by McKinsey, 90% of payment practitioners believe that the shift toward digital payments will be permanent. Nonbank payment providers are predicted to emerge victorious by 60% of survey respondents, highlighting the importance of traditional banks prioritizing digitizing customer journeys and investing in fintech to remain relevant in this dynamic space.