The consultancy firm’s upcoming Sustainable Investment Survey reveals a lack of data capture to demonstrate successful stewardship. The gap between what asset managers say they are doing on stewardship and what they can actually show “can’t persist”, according to Paul Lee, Head of Stewardship and Sustainability at investment consultancy Redington. Redington is set to release its fourth annual…
Bloomberg Launches New Tool to Assess Company Impact on SDGs
Business and financial markets information service provider Bloomberg announced today the launch of a new data mapping and materiality assessment tool, aimed at enabling investors to assess the potential impact of a company’s business on any of the UN Sustainable Development Goals (SDGs), and to support impact integration in portfolios. The UN SDGs refer to the 17 categories of goals…
H&M Launches Green Loan Program to Finance Suppliers’ Emissions Reductions Initiatives
Fashion and design brands company H&M Group announced the launch of a new green loan program aimed at facilitating decarbonization in the fashion sector in partnership with Singapore-based financial services group DBS. Under the new program, the H&M’s suppliers will get access to financing from DBS, with “highly favorable” terms to suppliers with specific GHG emission reduction activities. In addition…
EU Commits €4 Billion to Fund Decarbonization, Cleantech Manufacturing Projects
The European Commission announced that it will invest €4 billion for the deployment of innovative decarbonization technologies, with an increased focus on cleantech manufacturing projects, utilizing funds raised through its EU Emissions Trading System (EU ETS). The announcement marks the Commission’s fourth large-scale call for decarbonization-focused projects under the EU Innovation Fund, one of the world’s largest funding programs for…
Deloitte Canada Signs Deal to Capture and Store Carbon in Concrete
Professional services firm Deloitte Canada announced today a multi-year agreement with carbon removal technology company CarbonCure Technologies to purchase high-quality carbon credits through supporting the deployment of CarbonCure’s technology, which captures CO2 in concrete. Founded in 2012, Halifax, Nova Scotia-based CarbonCure provides solutions that let concrete producers use captured carbon dioxide to produce low carbon concrete mixes. CarbonCure’s technology injects…
Ericsson Issues Inaugural €500 Million Green Bond to Fund Network Energy Efficiency Initiatives
Information and communication technology company Ericsson announced today the completion of its inaugural green bond issuance, raising €500 million to investments in energy efficiency initiatives. The bond offering follows the launch, in December 2022, of Ericsson’s Green Financing Framework, with eligible categories for use of proceeds for green bond issuances outlined in the framework including Energy Efficiency and Renewable Energy….
Amazon Achieves 100% Recyclable Delivery Packaging in Europe
Amazon announced that it has achieved 100% recyclable delivery packaging in Europe. The achievement includes all boxes, bags and envelopes across all items sold by Amazon, as well as third-party selling partners that use Fulfilment by Amazon. Pat Lindner, VP of Mechatronics and Sustainable Packaging at Amazon, said: “We’re excited that our European fulfilment network is now using recyclable packaging…