Gregory Berry, Policy Associate at Accountability Counsel, highlights the importance of local community input as climate and biodiversity projects ramp up in funding. When sudden disaster strikes, emergency responders rely on triage systems to optimise survival outcomes under time and resource limitations. Some have attempted to apply the concept of emergency triage to the gradual threat of climate change, arguing…
Only 4% of companies disclosing in line with full TCFD recommendations
The sixth and final status report from the Taskforce on Climate-related Financial Disclosures (TCFD) has been published ahead of their work coming to a close, highlighting steady momentum in companies disclosing climate information. However, the taskforce called on companies to advance their progress to improve data and spur on investment On average for the 2022 fiscal year, companies reported in…
Pimfa reveals winner of D&I awards
The financial industry came together last night to celebrate the best diversity & inclusion initiatives at the third Pimfa D&I Awards in London. LGT Wealth Management picked up a trio of gongs at the ceremony, while HSBC, Legal & General Investment Management and Lloyds were also recognised for shining a light on “excellent, often untold stories that exist across organisations…
Chronos Sustainability expands human rights expertise
The sustainability advisory firm Chronos Sustainability has appointed Pins Brown as leading human rights expert. Brown brings 25 years’ experience in corporate responsibility and supply chain ethics, the firm said. Most recently, she was director of human rights at Natura & Co where she led the firm’s human rights policy and strategy. This October, Brown became chair of the UK-based…
Looking beyond the stress test
Stress testing investment portfolios for climate scenarios greater than 2C of warming is, in the main, futile. So, why are we doing it? Let’s look first at why it should be considered ineffective. When thinking about the risks of a changing climate, the standard unit of measurement is gross domestic product (GDP). A report in 2021 from the Swiss Re…
Green Home Energy Startup myenergi Raises $37 Million
Smart home energy technology startup myenergi announced today that it has secured a £30 million (USD$37 million) from energy transition-focused venture capital investor Energy Impact Partners (EIP), with proceeds to be used to support the company’s growth and internationalization. Founded in 2016, UK-based myenergi manufactures smart home energy devices aimed at enabling users to increase energy independence and utilize self-generated…
Less Than 1 in 3 Boards Have a Strong Understanding of ESG Risks Affecting Their Companies: PwC Survey
More than two thirds of corporate boards lack a strong understanding of the ESG risks affecting their companies, including only a quarter that report having a strong grasp of carbon emissions and even fewer on their companies’ climate risk or strategy, according to the new U.S.-focused Annual Corporate Directors Survey released by global professional services firm PwC. For the study,…
Tabula launches Article 9 ultra short bond ETF
Tabula Investment Management has launched an ETF to invest in Paris-aligned euro-denominated ultra short investment grade corporate bonds. The Tabula EUR Ultrashort IG Bond Paris-Aligned Climate UCITS ETF from the European ETF provider meets the criteria of an Article 9 fund under the Sustainable Finance Disclosures Regulation (SFDR). It also provides “significantly lower” portfolio greenhouse gas (GHG) emissions and a…
Google Rolls Out AI-Based Solution to Tackle Road Traffic Emissions
Google announced the introduction of a series of product features and expansions aimed at helping address transportation and energy emissions, including the introduction of its Project Green Light, which uses AI to help cities reduce traffic emissions in 12 cities globally. Green Light is a solution designed to reduce emissions that occur at traffic lights, which can be 29 times…