Alliance says target-setting by members translating into measurable impact on emissions reduction for the first time. The Net Zero Asset Owner Alliance (NZAOA) has called on governments to swiftly implement and intensify climate-related policy that facilitates capital flow towards the net zero transition. The call to action follows the Alliance’s third annual progress report which demonstrated large asset owners’…
Macquarie Invests $325 Million in Green Fertilizer Company Atlas Agro
Macquarie Asset Management announced an investment of up to $325 million in Swiss green nitrogen fertilizer company Atlas Agro, Aimed at supporting the company’s growth, and vision to provide a sustainable alternative to conventional fossil-fuel based fertilizer products. Production of fertilizers such as nitrogen is an energy intensive process that, when it uses fossil fuels, contributes an estimated 2% of…
What are the most important factors of ESG 2.0?
A new era of ESG measures are areas at the top of the agenda at asset manager Allianz Global Investors (Allianz GI), who recently outlined their sustainability journey and thoughts for the future at a conference. Alongside impact investing, transition finance, rising climate costs and the role of sovereign funds, Allianz GI’s team expressed interest in exploring what exactly ‘ESG…
EU Bank Regulator Recommends Accelerating Integration of ESG Risks into Capital Requirement Framework
EU banking supervisor the European Banking Authority (EBA) announced the publication of a new report assessing the role of environmental and social risks in its prudential supervision framework for banks and investment firms, including recommendations for the acceleration of these risks across the Pillar 1 framework, which defines banks’ minimum capital requirements. According to the EBA, the new report comes…
L&G Capital appoints Wharton as MD for distribution and partnerships
Legal & General Group’s alternative asset platform, Legal & General Capital (LGC), has hired Alex Wharton as managing director for distribution and partnerships. Wharton is tasked with supporting the delivery of LGC’s strategic growth, enabling purpose-driven capital partners searching for private markets solutions to invest alongside LGC in alternative asset classes and partnerships that drive financial returns with positive social…
Estée Lauder Signs Deal for Recycled Materials for Packaging
South Korean chemical and life science products manufacturer SK chemicals announced today an agreement with global prestige beauty company Estée Lauder Companies (ELC) to supply recycled and recyclable materials to be incorporated into ELC’s packaging. ELC, whose brands include Bobbi Brown Cosmetics, Aveda, Clinique, and La Mer, announced a series of sustainable packaging goals in 2021, including a target to…
Inditex Signs Low Carbon Shipping Deal with Maersk
Fashion retailer Inditex announced a new partnership with integrated container logistics company A.P. Moller – Maersk aimed at reducing to reduce Inditex’s global greenhouse gas (GHG) footprint from ocean shipping through the use of low carbon fuels. Under the new agreement, Inditex will incorporate alternative fuels, such as green methanol or biodiesel derived from waste feedstocks, for all of its…
80 Million Kilometers of Grid Investment Needed by 2040 to Meet Global Climate Goals: IEA
Investment in electricity grids will need to scale rapidly over the next few years in order to enable the achievement of global climate goals, according to a new report released today by the International Energy Agency (IEA). According to the report, 80 million kilometers of power lines will need to be added or replaced by 2040, roughly equal to the…