Invesco has launched a US equity ETF that tracks a version of the S&P 500 index aligned with a 1.5°C climate scenario. The Invesco S&P 500 CTB Net Zero Pathway ESG UCITS ETF, which is an Article 8 fund under SFDR, charges 0.09% a year. The Invesco ETF will seek to replicate the S&P 500 Climate Transition Base Pathway-Aligned ESG…
Court Ruling Halts UK Approval of Major Shell, Equinor Oil and Gas Projects Over Lack of Climate Considerations
A Scottish court ruling quashed approvals by the UK’s Oil and Gas Authority (OGA) for major oil and gas projects in the North Sea by Shell and Equinor, over the government’s failure to account for the climate impact of the use of fuels produced from the projects. While the ruling, provided by Lord Ericht, allowed work on the projects to…
ESG Today: Week in Review
This week in ESG news: EU pledges to simplify sustainability reporting laws; 10-state coalition warns major Wall Street firms over ESG policies; Moody’s predicts $1 trillion sustainable bond market despite political headwinds; Microsoft signs nature-based carbon removal megadeal; Switzerland targets 65% GHG emissions reduction by 2035; first-ever green bond issued under new EuGB ‘gold standard’; BlackRock launches first-ever “Sustainability Improvers”…