Barack Obama’s former Deputy Treasury Secretary warned investors against “intellectual surrender” to fossil fuel sector and climate change deniers. Investors should expect a wave of lobbying from the fossil fuel sector as the switch to cleaner energy sources gathers pace, a former senior US Treasury official in Barack Obama’s administration has warned. Sarah Bloom Raskin, who was US Deputy Treasury…
Holcim to Build €500 Million Plant to Produce Net Zero Cement
Building materials company Holcim announced that it has broken ground on its new GO4ZERO plant in Belgium, engineered to produce net zero cement, and supporting European decarbonization goals. Planned investment in the new plant is expected to reach over €500 million, with the facility engineered to produce 2 million tons of net zero cement annually by 2029. Building materials are…
Deutsche Bank, EIB Launch Discounted Mortgage Program to Finance Climate-Friendly Homes
Deutsche Bank and the European Investment Bank (EIB) Group announced a new agreement to provide discounted mortgages aimed at promoting the construction of new climate-friendly homes and energy-efficiency modernizations of existing housing in Germany. Under the new program, the EIB Group will guarantee a €150 million mezzanine tranche in a consumer loan securitization with Deutsche Bank, freeing up regulatory capital…
Diageo to Invest $110 Million to Decarbonize Flagship Guinness Brewery
Global spirits and beer company Diageo announced plans to invest over €100 million (USD$109 million) to decarbonize its flagship Guinness brewery, St. James’s Gate in Dublin, with a goal to transform the 264-year old site into one of the world’s most efficient breweries by 2030. According to Diageo, the announcement forms part of its 10-year sustainability program, ‘Society 2030: Spirit…
Guest Post: The Road Ahead for ESG
By: Michelle Dunstan, Chief Responsibility Officer, Janus Henderson Investors Responsible investing, or considering financially material Environmental, Social and Governance (ESG) factors in investing has reached an inflection point. During the last few years, “ESG” has faced increased scrutiny, misunderstanding, and controversy enroute to becoming a political flashpoint in some parts of the world. Despite this shifting narrative, governments across the…
Honda to Invest $64 Billion on Electrification Strategy by 2030
Honda announced that it will significantly boost its investments to pursue its electrification strategy, outlining plans to invest 10 trillion yen (USD$64 billion) over the 10-year period through 2030, with a focus on launching new EV models and to build an integrated battery-focused electric vehicle value chain in its key markets. The new investment plans were revealed in a press…