Andrei Geica, chief impact and policy officer at Athens-based circular economy fund manager Sporos Platform, believes the EU’s SFDR legislation should be adapted rather than replaced, notably by reframing the article 8 designation to reduce confusion about its goals and to reduce the risk of greenwashing. But he says the issue of how to assess… The post Europe’s SFDR: What’s…
SEB Launches Global Fund Investing Only in Sustainable Companies
Northern European financial services company SEB announced the launch of the SEB Global Sustainable Companies Fund, a new index-linked global fund investing only in companies that are classified as “sustainable,” while aiming to generate a return and risk profile in line with its underlying benchmark. Classified as Article 9 under the EU’s SFDR regulation, the new fund will target only…
Microsoft Signs 20-Year Solar Energy Purchase Agreement in Singapore with EDP Renewables
Renewable energy producer EDP Renewables (EDPR) announced a new 20-year agreement with Microsoft through which the tech giant will purchase 100% of the renewable energy exported to the grid through EDPR’s SolarNova 8, the largest solar project in Singapore. Launched in 2014, Singapore’s SolarNova program is a government-led program aimed at accelerating the deployment of solar photovoltaic systems, and supporting…
TotalEnergies Invests $100 Million in Forest-Based Carbon Reduction Projects
France-based energy giant TotalEnergies announced a new agreement with climate solutions provider Anew Climate and U.S. forestry-focused carbon removal platform Aurora Sustainable Lands to invest $100 million in forestry operations to preserve caron sinks, and help support the energy company’s achievement of its climate goals. The investment will support Improved Forest Management practices across a portfolio of 20 of Aurora’s…