It has been a tough period for responsibly managed investments funds. The multi-asset investment universe has been no different and we have seen outflows across many strategies. The advent of the FCA’s long awaited policy statement, Sustainability Disclosure Requirements (SDR) and investment labels, has meant we have seen managers close funds, deemed sub-scale, and where they see the opportunity for…

Investment giant BlackRock’s infrastructure investment unit Global Infrastructure Partners (GIP) announced that it has acquired a 49.99% co-control stake in Italian energy company Eni’s Eni’s Carbon Capture, Utilization and Storage (CCUS) business, Eni CCUS Holding. The agreement follows an announcement by Eni in May that it had entered exclusive negotiations with GIP for the transaction following a selection process involving several…

Initiatives underway to reduce European sustainability reporting and due diligence reporting requirements could limit the European Central Bank’s capability to manage climate risk in the financial system, according to a letter sent by ECB President Christine Lagarde to European Parliament lawmakers. The letter comes as lawmakers prepare to debate the European Commission’s Omnibus I package, aimed at significantly reducing the…

Finance for Biodiversity Foundation says investor pressure will continue on governments and companies following breakdown of negotiations on legally-binding instrument.  Investors called for governments and companies to take action individually to reduce plastic pollution after global talks convened by the UN failed to reach agreement in Geneva.  Negotiations were adjourned on 15 August when it became clear that the 184…

California’s new laws laws requiring large companies to disclose their value chain greenhouse gas emissions and report on climate-related risks survived another court challenge, with a U.S. District Judge denying a motion to block enforcement of the laws on First Amendment free speech grounds. The motion marked the latest move by the U.S. Chamber of Commerce, alongside other business groups,…

This week in ESG news: Danske Bank divests over 85% of oil and gas companies over transition plans; less than 40% of employees say companies are doing enough on climate change; Republican states warn SBTi, financial firms over setting net zero goals; Watershed and Stanford take over supply chain emissions database dropped by U.S.’ EPA; Amazon’s AWS signs renewable energy…