EMF finds “reluctance” to invest in single use plastic alternatives due to lack of cost competitiveness. Investors must engage with investee firms on improving their research and development efforts to create new solutions to plastic waste pollution, according to a five-year progress report from the Ellen MacArthur Foundation (EMF). The Global Commitment, co-launched in 2018 by the EMF and…
Rio Tinto, Prysmian Partner to Build Sustainable Supply Chain for Energy Transition Materials
Global mining and metals company Rio Tinto and energy and telecom cable manufacturer Prysmian announced a new partnership aimed at developing a more sustainable North American supply chain for materials needed to expand power grids for the energy transition. According to the companies, the new partnership comes as significant investments in power grids will be required to enable the growing…
Fidelity Launches Two New Article 9 Paris-Aligned Corporate Bond ETFs
Investment management firm Fidelity International announced the launch of two new climate-focused fixed income ETFs, the Fidelity Sustainable EUR Corporate Bond Paris Aligned Multifactor UCITS ETF (FUIG) and the Fidelity Sustainable USD Corporate Bond Paris Aligned Multifactor UCITS ETF (FEIS) marking an expansion of the firm’s sustainable corporate bondfund lineup. Indices that are labelled as Paris-aligned Benchmarks (PABs) under EU…
BNP Paribas, EIB Sign Agreement to Fund Home Clean Energy Projects
The EIB Group (European Investment Bank, EIB, and European Investment Fund, EIF) and BNP Paribas announced a “green securitization” agreement today, aimed at financing home energy efficiency investments and supporting the transition to climate neutrality. Under the new agreement, the EIB Group has invested €400 million from the EIB and €50 million from the EIFin senior and mezzanine tranches of…
Porsche Signs Deal for Low Carbon Steel
Luxury sports car manufacturer Porsche AG announced today a new agreement with Swedish startup H2 Green Steel to supply up to 35,000 tonner per year of low-carbon steel, aimed at reducing the emissions footprint of Porsche vehicles. With shipments beginning in 2026, the agreement will account for a significant proportion of Porsche’s steel supply, with the company’s total steel usage…
DWS, MEAG Acquire Biomethane Producer Weltec
DWS, one of the largest asset managers in Europe, and MEAG, the asset manager of Munich Re and ERGO, announced today the joint acquisition of German biomethane and biogas producer Weltec. Based in Vechta, Lower Saxony, Weltec owns and operates five biomethane and four biogas plants across Germany. Biogas is produced from organic waste, such as agricultural, industrial, and household…