The market for environmental and climate solutions, or “Green Economy” has grown substantially faster than the broader market, both in terms of revenue and valuation, and if treated as a standalone sector, has outperformed all other industries except for the technology sector over the past ten years, according to a new study released by the […]
Amazon announced today that it has achieved its goal to power its global operations with 100% renewable energy, hitting the milestone in 2023, 7 years ahead of its initial target. Amazon first announced its clean energy goal in 2019, pledging to match all of the electricity consumed across its global operations, including data centers, corporate […]
Despite often being criticised as “woke” and anti-capitalist in the US, ESG, one of Wall Street’s most controversial labels, is quietly finding a foothold in the booming private credit market, according to a report by Bloomberg.
State-owned commercial company COFIDES will manage the fund, which will finance and invest into businesses and projects addressing social challenges across Spain. The €400m public investment in the fund will be channelled from the EU’s Recovery and Resilience Facility as part of Spain’s Recovery, Transformation and Resilience Plan, which was set up in response to […]
Real estate and infrastructure-focused ESG data provider GRESB announced the launch of its new Transition Analytics solution, a new set of emissions and activity analytics aimed at helping asset managers and owners to manage transition risk, engage their portfolio companies with detailed insights, and meet environmental commitments and reporting requirements. According to the company, Transition […]
UK’s newly appointed Secretary of State for Energy Security and Net Zero, Ed Miliband, announced the launch of Mission Control for Clean Power 2030, a new initiative aimed at accelerating the UK transition away from fossil fuel and towards clean and locally generated energy. The government also announced the appointment of Climate Trust CEO and […]
Investment giant BlackRock unveiled its new “Climate and Decarbonization Stewardship Guidelines,” setting out separate engagement and voting policies for investors specifically focused on the low carbon transition. The launch of the new policy may help BlackRock to navigate the complex pressures facing asset managers to meet growing demand to account for climate-related risk and opportunities […]
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1PointFive, the Direct Air Capture (DAC)-focused subsidiary of energy giant Occidental (Oxy), announced today that it has signed an agreement with Microsoft to deliver 500,000 metric tons of carbon dioxide removal (CDR) credits over six years, marking the largest-ever DAC-based CDR credit purchase agreement. DAC technology, listed by the IEA as a key carbon removal […]
London-based asset manager Schroders has published its first impact investment report. The launch follows Schroders’ acquisition of impact investor BlueOrchard in 2019 which resulted in the development of Schroders’ proprietary impact framework. The framework has been independently verified by BlueMark, an independent provider of impact verification services. Schroders is the only large diversified asset manager […]
EU markets regulator the European Securities and Markets Authority (ESMA) announced the issuance a Public Statement on the first application of the European Sustainability Reporting Standards (ESRS), aimed at helping companies prepare for new sustainability reporting and supervisory requirements under the EU’s Corporate Sustainability Reporting Directive (CSRD), with the first reports set to begin next […]
By 2026, computing power dedicated to training AI is expected to increase tenfold. As more power is expended, more resources are needed. As a result, we’ve seen exponential increases in energy and perhaps more unexpectedly, water consumption. Some estimates even show running a large AI model generates more emissions over its lifetime than the average […]
Neue Richtlinien: ESMA veröffentlicht Leitlinien zur Standardisierung der Nachhaltigkeitsberichterstattung in der gesamten EU. Unterstützung für große Emittenten: Es werden Leitlinien bereitgestellt, um die Umsetzung der European Sustainability Reporting Standards (ESRS) zu erleichtern. Zukünftiges Monitoring: Die ESMA verpflichtet sich zur kontinuierlichen Überwachung und Durchsetzung der Praktiken der Nachhaltigkeitsberichterstattung.
This week in ESG news: LEGO sets new sustainability requirements for suppliers; Moody’s adopts MSCI ESG ratings; Accenture survey finds less than a quarter of CFOs ready for new climate reporting requirements; Fidelity International unveils new sustainable investing framework to align with new regulations; Google asks large suppliers for clean energy commitments to address rising […]
„Auch wenn Unternehmen mit ihren Transformationsplänen hinterherhinken, wächst doch das Bewusstsein für die Notwendigkeit, sich stärker zu engagieren“, berichtet Fidelity-Manager Jenn-Hui Tan aus einer Umfrage seines Hauses unter den eigenen Unternehmensanalysten.
