Navigating the seas of responsible investment (RI) over the past few years hasn’t exactly been plain sailing. Many would agree that, as an industry, we could have taken advantage of the opportunity of RI’s Golden Era in 2019/20 to better inform investors about the inherent characteristics and biases of these investments. Instead, an easier, more appealing narrative was often shared:…
Global Sustainable Aviation Fuel Production to Double in 2025, IATA Says
The International Air Transport Association (IATA) has announced that it expects sustainable aviation fuel (SAF) production to roughly double to reach two million tonnes this year, but noted that this accounts for just 0.7% of airlines’ total fuel consumption. Fuel accounts for the vast majority of the aviation sector’s emissions. Generally produced from sustainable resources, like waste oils and agricultural…
TotalEnergies Acquires 435 MW UK Renewables Portfolio from Low Carbon
Renewable energy company Low Carbon announced that it has completed the sale of a ready-to-build portfolio of eight solar projects with a combined capacity of 350 MW and two co-located battery storage assets with a capacity of 85 MW to France-based energy giant TotalEnergies. All projects are at an advanced stage of development, forming part of Low Carbon’s 16 GW…
Energize Capital Raises $430 Million for Climate Solutions Venture Fund
Climate solutions-focused multi-stage investor Energize Capital announced today that it has raised $430 million in capital commitments at the close of its Ventures Fund III, aimed at investing in digital technologies accelerating the energy transition. Despite a difficult climate investing environment, Energize said that the fund was oversubscribed, and was raised in just 16 months, drawing more than 80 investors, including…
IFC Invests $100 Million in TPG’s Global South-focused Climate Solutions Strategy
The International Finance Corporation announced a $100 million equity commitment to global alternative asset firm TPG’s Global South Initiative (GSI) fund, which aims to unlock climate-focused investment opportunities across emerging markets. The new GSI strategy was initially unveiled in December 2023 at the COP28 climate conference in Dubai, targeting $2.5 billion in total capital commitments. The strategy is aimed at accelerating…
STOXX, ICE Launch New Suite of Paris Agreement-Aligned Fixed Income Climate Indices
Market index provider STOXX and financial technology and data services provider and exchange operator Intercontinental Exchange (ICE) announced today the launch of the STOXX ICE Fixed Income Sustainability indices, a new series of indices aimed at enabling investors to align their investments with the Paris Agreement climate goals. According to STOXX and ICE, the new indices are being launched amidst…
Trump Administration to Overturn Rule Allowing Retirement Plans to Consider ESG Factors
The Trump administration has moved forward with plans to overturn a rule introduced by former U.S. President Joe Biden which permitted US retirement plans to consider ESG factors when making investment decisions. A recent filing with the 5th Circuit Court of Appeals has confirmed that the government has ended its defence of the ESG-focused regulation and has ordered the Department…
Trump Administration Cancels $3.7 Billion Awards for Clean Energy Projects
The U.S. Department of Energy announced that it has terminated $3.7 billion in grants awarded to clean energy projects under the Biden administration through the Office of Clean Energy Demonstrations (OCED), claiming that the prior administration “failed to conduct a thorough financial review,” and that the projects were not economically viable. In all, the DOE said that 24 awards were…
Newton IM cuts global head of sustainable investment role
Further cuts have been made at Newton Investment Management including the role of global head of sustainable investment and several fund manager roles. The group confirmed Therese Niklasson, global head of sustainable investment, has left the group and confirmed her role will not be replaced. “We can confirm Therese Niklasson will be leaving Newton Investment Management,” a statement said. ”Sustainable…