Malaysia’s Securities Commission announced the launch by its Advisory Committee on Sustainability Reporting (ACSR) of a consultation on the proposed use of the IFRS Foundation’s International Sustainability Standards Board (ISSB) as the basis for mandatory reporting requirements for listed and large companies. The consultation follows the launch by the Malaysia Securities Commission of the ACSR last year, aimed at facilitating…
Schroders has launched an Article 9 global equity impact fund, aimed at companies working to solve societal and environmental challenges. The Luxembourg-domiciled fund, Schroder International Selection fund Global Equity Impact, will use the work of impact investment partner BlueOrchard. Working across the small- and mid-cap teams at Schroders, the fund will be jointly managed by fund managers Joanna Wald and…
Lawmakers in the European Parliament and Council announced today that they have reached a provisional agreement on a new regulation establishing a certification framework for the quantification, monitoring and verification of carbon removals. The agreement marks a significant step towards the launch of a comprehensive carbon removal and soil emission reduction framework in EU legislation, aimed at increasing the use…
Amundi and wealth manager EBI Portfolios have partnered to launch an SRI portfolio range. The five global portfolios will target ‘best-in-class’ passive ESG-rated equities and bonds. Each model’s equity allocation will vary from 100% to 20% and will invest across a range of regional equity funds and/or two fixed income funds. The equity element will invest in the Amundi SRI…
This year, we’ve been told, will be the great year of democracy. With populous nations such as India, Indonesia and Mexico among those holding elections, close to half the world’s adult population will have the opportunity to vote. It will no doubt be a great civic spectacle with significant political consequences. It will also be a huge challenge for the…
Gresham House has launched a sector specialist biodiversity strategy to accelerate the deployment of nature-based solutions designed to halt biodiversity decline in the UK. Willis Towers Watson (WTW) is the cornerstone investor in the Gresham House Biodiversity Co-Invest LP (GHBC) strategy, which is aiming to raise $380m to invest in ‘habitat banks’. Developed by Environment Bank Limited (EBL) – a…
Investors can’t afford to sit still and wait for companies to be mandated to disclose on social issues – although that is coming – warned Aviva Investors’ Richard Saldanha. The global equity portfolio manager and lead manager on the Social Transition Global Equity fund said while we wait for mandatory disclosure requirements to be put in place, there is a…
Clean energy technology startup Sage Geosystems announced that it has raised $17 million in a Series A financing round, with proceeds aimed at fully funding a new commercial geothermal-based energy storage facility. Founded in 2020, Houston, Texas-based Sage Geosystems is developing solutions aimed at making geothermal energy, typically limited to volcanic regions or requiring deep drilling, more widely available and…
The California Energy Commission announced that it has approved a plan to invest $1.9 billion through 2027 on projects aimed at expanding infrastructure for zero emissions vehicles and transportation, including the buildout of an EV charging and hydrogen refueling network. Transportation, including fuel production, accounts for roughly half of California’s greenhouse gas (GHG) emissions, and 80% of the state’s air…