Dr Anthony Kirby, Head of Regulation and Risk for Asset Management and Capital Markets in Europe at EY, considers the key concepts and implications behind a key policy innovation in the UK. Most readers are already aware of alarming rates of biodiversity and ecosystem loss, with the WWF estimating a devastating 69% decline in wildlife populations on average since 1970….
NDCs to Take Centre Stage at ‘Action COP’
National plans must shift gears to prevent climate finance from stalling, says Lindsey Stewart, Director of Stewardship and Policy at Morningstar Sustainalytics. London Climate Action Week marked the halfway point between the annual UN Climate Conferences – COP28 in the UAE last year, and COP29 in Azerbaijan this year. But the bright midsummer weather in the British capital didn’t match…
Indexed to Action
Sarita Gosrani, Director of ESG and Responsible Investment at bfinance, outlines five continuing challenges in the diverse and fast-evolving passive ESG investing sector. The landscape of equity indices with ‘ESG’, ‘climate’ or similar labelling has improved substantially in recent years. Yet institutional investors seeking to replace passive equity exposures with a credible sustainability-oriented quasi-passive alternative must still tackle difficult questions, ranging…
Chevron Ruling Intensifies Threats to SEC Climate Rule
The Supreme Court’s overturning of 40-year-old precedent has opened litigation floodgates, but investors can be “voice of reason”. Last week’s overturning of the Chevron precedent by the US Supreme Court places climate-focused rulemaking at risk, according to US investor bodies, requiring investors to amplify its importance to their decision-making processes. Chevron held that a federal agency’s reasonable interpretation…
Demeter Invests in H2 Green Steel
Decarbonized steel startup H2 Green Steel announced today an investment from European venture capital investor Demeter, with proceeds supporting the construction of the company’s flagship green steel plant in Boden, Sweden, capable of producing steel with 95% lower emissions than traditional blast furnace technology. Steelmaking is one of the biggest emitters of CO2 globally, and one of the more challenging…
Nature Risk Management and Reporting Solutions Provider Natcap Raises $10 Million
Nature and biodiversity intelligence company Natural Capital Research (Natcap) announced today it has raised $10 million in a Series A funding round, with proceeds to be used to scale its technology aimed at helping companies to quantify and embed nature-related risks and opportunities into business strategy. Spun out of Oxford University, Natcap was founded in 2018 by Professor Baroness Kathy…
EU Rolls Out Tariffs on Chinese EVs Following Anti-Dumping Investigation
The European Commission announced today the imposition of duties on imports of battery electric vehicles (BEVs) from China, effective July 5, after concluding that European BEV manufacturers face a threat from unfair subsidization provided to the Chinese BEV value chain. The European electric vehicle market is anticipated to grow rapidly over the next several years, with regulations in place requiring a 100%…
Deutsche Bank Issues Inaugural €500 Million Social Bond
Deutsche Bank announced today that it has raised €500 million through its first-ever social bond offering, with proceeds aimed at supporting the bank’s sustainable asset pool which provides financing for areas including affordable housing, and access to essential services for elderly or vulnerable people. The issuance follows the publication earlier this year of Deutsche Bank’s Sustainable Instruments Framework, detailing eligible…
BlackRock Launches Sustainability-Tilted Global Real Estate ETF
BlackRock announced the launch of the iShares Global Real Estate Environmental Tilt UCITS ETF, a new exchange traded fund investing in listed real estate equities globally, while adopting an ESG integration approach and tilting towards more environmentally sustainable issuers. The new ETF will track the FTSE EPRA Nareit Developed Green Low Carbon Target Select UCITS Capped Index. According to FTSE…
Investor Network Steps up Fight for Inclusive AGMs
New Shareholders for Change Vice-president vows to support 18-strong institutional investor group’s appeals for hybrid and in-person meetings. The Shareholders for Change (SfC) network’s efforts to preserve shareholders’ rights during the 2024 AGM season, including an appeal against behind closed doors or virtual-only AGMs, which will remain a key focus, according to recently appointed Vice-president Alix Roy. The campaign builds…