Impact News

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 […]

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 […]

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 […]

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 […]

Adoption greatest in Europe, but North America dominates in climate funds Preqin’s ESG in Alternatives 2024 report highlights the differences in uptake of ESG among asset classes and regions. It also explores ESG fund performance versus non-ESG funds, as the opaque nature of the alternatives market creates a challenge for benchmarking.