A selection of the week’s major stories impacting ESG investors, in five easy pieces. This week felt as if everyone was on the move – although not necessarily in the same direction. Moving out – The decision by State Street Global Advisors (SSgA) and JP Morgan Asset Management to quit Climate Action 100+ (CA100+), a coalition of investors engaging with…
Industrial Decarbonization Startup Celadyne Raises $4.5 Million to Accelerate Production, Use of Hydrogen
Hydrogen technology startup Celadyne announced today that it has raised $4.5 million in seed capital, with proceeds supporting the company’s solutions aimed at enabling industrial and transport decarbonization. Founded in 2018 by Gary Ong, Chicago-based Celadyne provides hydrogen solutions to the energy industry, working with fuel cell and utility companies to provide materials and technologies to convert hydrogen into usable…
Google, Embraer Join United Airlines’ $200 Million Sustainable Aviation Venture Fund
United Airlines announced today the addition of several new corporate partners to its its sustainable aviation fuel (SAF)-focused investment fund, the United Airlines Ventures (UAV) Sustainable Flight Fund, bringing the capital committed to the fund to over $200 million. The new partners include Aircastle, Air New Zealand, Embraer, Google, HIS, Natixis Corporate & Investment Banking, Safran Corporate Ventures, and Technip…
Goldman Sachs AM Launches Global Green Bond ETF
Goldman Sachs Asset Management announced today the launch of the Goldman Sachs Global Green Bond UCITS ETF, a new Article 9 fund tracking a bespoke index developed with Solactive, tracking the performance of investment-grade bonds denominated in G10 currencies. The new ETF comes follows several years of growth in green bond issuance, as corporate and government issuers move to finance…
IBM Adds Supply Chain Emissions Data Capabilities to ESG Platform
IBM announced the launch of a new Supply Chain Intelligence module in its ESG data collection, analysis and reporting platform IBM Envizi ESG Suite, adding capabilities for companies to collect and analyze supply chain emissions for Scope 3 calculation and reporting. The new features come as companies globally face increasing regulatory pressure to report on their Scope 3 emissions, or…
Guest Post: Can Today’s CSO Become Tomorrow’s CEO?
Reflecting on recent global climate change conferences, where businesses and governments alike identified the need for radical transformation, Dr. Matthew Bell, EY Global Climate Change and Sustainability Services Leader, questions why more sustainability leaders aren’t mapping out their own career paths to become future chief executive officers (CEOs). I was inspired by a personal revelation in a recent EY survey,…
JPMorgan AM Exits Climate Action 100+
JPMorgan Asset Management (JPMAM) has withdrawn from Climate Action 100+, a climate-focused investor network focused on engaging with companies to reduce their greenhouse gas emissions and implement climate transition plans. According to a statement from a JPMAM spokesperson, the firm’s decision follows the development of its internal engagement capabilities, allowing the company to act on its own. The spokesperson said:…