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Sustainable “Blue Economy” Fund Ocean 14 Capital Raises €201 Million

Sustainable “Blue Economy” Fund Ocean 14 Capital Raises €201 Million

Ocean sustainability solutions-focused private equity growth firm Ocean 14 Capital (O14C) announced today that it has raised €201 million for its impact fund Ocean 14 Capital Fund I. Recent investors in the fund include global food and beverage company Nestlé, private equity investor HQ Capital and The Green Earth Impact Fund managed by Schroders and BlueOrchard. Launched in 2020, O14C…

Take Five: Less is More

A selection of the major stories impacting ESG investors, in five easy pieces.  Articles 8 and 9 may yet live on, but investors made a clear call to the European Commission for streamlining green fund regulation. Rage against the (green) machine – It seems we’re little nearer to knowing the future of green fund regulation in Europe, after the European…

Property Possibilities are Running Wild

Farrer & Co Senior Associate Rebecca Standing considers the options for investors and developers facing the UK’s biodiversity net gain rules. The requirement to provide 10% biodiversity net gain (BNG) became mandatory in England when Part 6 of the Environment Act 2021 (2021 Act) came into force on 12 February 2024, or 2 April 2024 for small sites – developments…

Renewable and Responsible

Nicole Yeomans, Offshore Industrials Lead and Marine Ecology Expert at NatureMetrics, says technology can future-proof floating offshore wind investments against nature risks. In 1991, ten years after the construction of the first wind turbine, the world’s first offshore wind farm was built in Denmark. Since then, much research has been conducted to better utilise the ocean’s wind power, making offshore wind…

Countdown to 2025

Bert Kramer, Head of Climate Research at Ortec Finance, says we cannot discount the possibility of a transition-related financial crisis. As the clock ticks down from the 2015 Paris Agreement, there is growing uncertainty that on our current trajectory the world is going to meet the stated goal to be net zero by 2050. As this target approaches and governments…

The Long Game

Approaching his 20th anniversary in responsible investing, Rathbones Stewardship Director Matt Crossman reflects on the evolution of stewardship and highlights the power of collective action. “Responsible investing can mean so much more than voting, but it can’t ever be less than that,” Matt Crossman, Stewardship Director at Rathbones Group, told ESG Investor as part of a conversation during which he…

Climeworks Starts Up Largest-Ever DAC Carbon Removal Plant

Climeworks Starts Up Largest-Ever DAC Carbon Removal Plant

Zurich-based Direct Air Capture (DAC) company Climeworks announced the start-up of Mammoth, the largest direct air capture plant in the world to date, with anticipated capability to remove             up to 36,000 tons of CO2 per year from the atmosphere for permanent underground storage. The company described the milestone as part of its goal to achieve megaton (million ton) carbon…

Industry Split on SFDR Review Outcome

Consultation results reveal investors and industry networks undecided on whether to leave Articles 8 and 9 behind.   The European Commission has published a summary report outlining feedback to its consultation on the future of its flagship sustainable finance disclosure regime, having found no clear consensus on how to improve the framework.  The Sustainable Finance Disclosure Regulation (SFDR) first came…

Smith v Fonterra: A Climate Change Litigation Development

The Supreme Court of New Zealand recently overturned strike-out decisions to allow climate change claims (involving a new climate tort) to proceed to trial. Background In 2022, Michael Smith, a Māori tribal elder and the climate change spokesman for the Iwi Chairs Forum, a national forum of tribal leaders, brought proceedings against seven corporate defendants, alleging that they were collectively…

Smith v Fonterra: A Climate Change Litigation Development

The Supreme Court of New Zealand recently overturned strike-out decisions to allow climate change claims (involving a new climate tort) to proceed to trial. Background In 2022, Michael Smith, a Māori tribal elder and the climate change spokesman for the Iwi Chairs Forum, a national forum of tribal leaders, brought proceedings against seven corporate defendants, alleging that they were collectively…