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Rio welcomes Thomas Pruden as Associate Director, Financial Services

Thomas recently joined Rio AI as Associate Director – Financial Services. Based in London, he brings a deep understanding of sustainability practices, essential for crafting sustainable financial strategies. Previously at Deloitte, Thomas led initiatives around the EU Taxonomy Regulation, developed the ‘Taxonomy Map’ framework and supported clients with sustainability disclosures under various directives such as CSRD and SFDR. His extensive…

Rio welcomes Thomas Pruden as Associate Director, Financial Services

Thomas recently joined Rio AI as Associate Director – Financial Services. Based in London, he brings a deep understanding of sustainability practices, essential for crafting sustainable financial strategies. Previously at Deloitte, Thomas led initiatives around the EU Taxonomy Regulation, developed the ‘Taxonomy Map’ framework and supported clients with sustainability disclosures under various directives such as CSRD and SFDR. His extensive…

EU Adopts Environmental, Human Rights Sustainability Due Diligence Law

EU Adopts Environmental, Human Rights Sustainability Due Diligence Law

The European Council announced today the approval by member states of the Corporate Sustainability Due Diligence Directive (CSDDD), marking the final step in the adoption of legislation setting mandatory obligations for large companies to address their negative impacts on human rights and the environment across their value chains. The final adoption of the directive had come into significant doubt in…

Take Five: Bound by Destiny

A selection of the major stories impacting ESG investors, in five easy pieces.  Public and private sector coordination provides the theme – and events of Nairobi, London and Rio de Janeiro the backdrop – for this week’s digest. Natural allies – Just ahead of this year’s UN International Day for Biological Diversity, delegates gathered in Kenya for the first review…

JPMorgan Provides $680 Million in Tax Equity Financing for Ørsted Solar and Storage Projects

JPMorgan Provides $680 Million in Tax Equity Financing for Ørsted Solar and Storage Projects

Energy developer Ørsted announced that it has received a $680 million investment in tax equity financing from J.P. Morgan, aimed at funding the construction of new solar and storage projects in Texas and Arizona. According to Ørsted, the investment marks one of the largest solar and storage tax equity transactions using a combined production tax credit (PTC) and investment tax…

Focus on Outcomes

David Byrns, Portfolio Manager at American Century, explains why transition investing is fundamental to achieving net zero. While global sustainable investments reached US$30.3 trillion in 2022, at the same time greenhouse gas (GHG) emissions have hit an all-time high. According to the World Meteorological Organization, global averaged concentrations of carbon dioxide, the “most important GHG”, were a full 50% above…

Climate Data in the Investment Process

Despite imperfections, investors should not wait for regulation to offer more comprehensive solutions, says David von Eiff, Director of Global Industry Standards at the CFA Institute. Climate change impacts, through direct and indirect channels, present us with tremendous economic risks and opportunities. While their complexity makes estimation difficult, cost estimates are generally staggering. A 2022 analysis by Deloitte projected that…

Human Rights as a Basis for Climate Litigation

Olga Hancock, Head of Responsible Investment at the Church Commissioners for England, explores the implications for investors of the EHCR decision on Swiss government inaction. In November 2023, I wrote about the links between human rights and climate change for investors. Since then, there have been significant developments. One in particular stands out. Last month, the European Court of Human…

IoT is Driving Sustainable Battery Surge

Dorian Maillard, Vice President at DAI Magister, explains the challenges and opportunities facing the growing market in efficient, eco-friendly power solutions. In the expansive landscape of the Internet of Things (IoT), the quest for sustainable power solutions has emerged as a pivotal challenge. With the IoT market forecasted to surpass US$1.6 trillion by 2025, the demand for efficient power solutions…

Investor Networks Distil Transition Guidance

Demand for transition-focused products grows as 1.5°C pathway falls out of sight.   Several investor networks have consolidated their respective guidance on climate transition to help financial institutions measure investee company plans more robustly.  Building on foundational work launched last year, the Climate Bonds Initiative (CBI) partnered with the Institutional Investors Group on Climate Change (IIGCC), the Sustainable Markets Initiative (SMI),…