Fourth UK sustainability fund label UK could capture assets from improvers category, as EU told to heighten SFDR transition focus. Focus on climate transition funds is likely to increase this year, as the UK’s Sustainability Disclosure Requirements (SDR) and EU’s Sustainable Finance Disclosure Regulation (SFDR) drive greater integration of transition-related assets. A recent report from Morningstar identified 1400 open-end and…
Whirlpool Adds Onsite Wind and Solar at U.S. Plants
Home appliance manufacturer Whirlpool announced today that it has entered into agreements with One Energy to add onsite wind and solar power at two of its Ohio-based washing machine and dishwasher plants, enabling the creation of more than 40 MW of renewable energy, and marking one of the largest behind-the-meter renewable energy projects in the U.S. According to Whirlpool, the…
Anthesis Acquires Sustainability Consultancy Revolt
London-based sustainability advisory and solutions firm Anthesis announced today the acquisition of sustainable business transformation-focused consultancy Revolt, in a move described by the companies as creating “one of the leading purpose, brand activation, communications, reporting and strategy teams globally.” Launched in 2017 by co-founders Alex Lewis and Pete Bardell, London-based Revolt supports C-suite decision makers with innovative large-scale projects across…
BMW to Produce only All-Electric Vehicles at Munich Plant from 2027
BMW Group announced today that its Munich plant will be the first site in its global production network to transition to manufacturing only all-electric vehicles, with the transformation to be completed from the end of 2027. Established in 1922, the Munich plant initially produced aircraft engines, transitioning in 1948 to producing motorcycles, and in 1952 to automobiles. The plant currently…
Iberdrola Secures €300 Million ESG-Linked Loan from World Bank for Energy Transition Projects in Emerging Markets
Global energy and electricity provider Iberdrola announced a €300 million (USD$328 million) ESG-linked green loan from the World Bank, through its private sector investment arm, International Finance Corporation (IFC), aimed at funding renewables projects in countries that depend coal, including Morocco, Poland and Vietnam. The new loan marks an expansion of the collaboration between Iberdrola and the World Bank launched last…
ABN AMRO Appoints Tanja Kramer as Head of Sustainable Impact Fund
Netherlands-based bank ABN AMRO announced today the appointment of Tanja Kramer as Head of the ABN AMRO Sustainable Impact Fund, with responsibilities including leadership of the fund as well as involvement in origination and execution activities. Launched in 2021, the ABN AMRO Sustainable Impact Fund (SIF) makes direct investments in companies and early stage projects in key transition sectors, targeting…
S&P DJI Launches SDG-Aligned S&P 500 and Global LargeMidCap-based Indices
Index provider S&P Dow Jones Indices (S&P DJI) announced today the launch of the S&P 500 SDG Index and the S&P Global LargeMidCap SDG Index, aimed at offering investors broad-based equity performance measurements and exposure to companies more aligned with the UN Sustainable Development Goals (SDGs). The UN SDGs refer to the 17 categories of goals adopted in 2015 as…
Sphera Acquires Supply Chain Sustainability Software Provider SupplyShift
Blackstone-backed ESG performance and risk management software, data and services provider Sphera announced today the acquisition of supply chain sustainability software company SupplyShift, in a move aimed at enhancing its supply chain offering with expanded supplier mapping, scoring and traceability capabilities. Founded in 2012 by Climate Science and Environmental Economics PhDs Alex Gershenson and Jamie Barsimantov, Santa Cruz, California-based SupplyShift…