Attorney General James Uthmeier announced the issuance of subpoenas to climate reporting and assessment organizations CDP and the Science Based Targets initiative (SBTi), launching an investigation into alleged potential antitrust violations and deceptive trade practices. Referring to CDP and SBTi as a “climate cartel,” the AG said that the investigation aims to determine whether the organizations “violated state consumer protection…
Global technology hardware company Lenovo announced the launch of TruScale Device as a Service (DaaS) for Sustainability, a new solution aimed at enabling organizations to reduce the carbon footprint and lower the cost of their IT devices. Forming part of Lenovo’s device management platform, TruScale DaaS, the new solution provides options at multiple stages of the device lifecycle – including…
Castlefield has launched the TM Castlefield Thoughtful World Equity fund, which will invest in a portfolio of 40 to 50 large-cap global leaders. The strategy will be co-managed by fund manager James Buckley (pictured) and head of investment management Mark Elliott. The new fund is formed from a combination of the CFP Castlefield Thoughtful UK Opportunities fund and the CFP…
ISS Sustainability Solutions, the sustainable investment business of ISS STOXX, announced today the acquisition of geospatial AI-powered climate risk intelligence company Sust Global, in a move aimed at providing investors with capabilities to identify and manage climate and nature risks in their investments. Founded in 2020 by CEO Josh Gilbert and CTO Gopal Erinjippurath, California-based Sust Global uses advanced machine…
When a nation built on oil wealth decides to put billions into green finance, you know the game is changing.Qatar just launched a $2.5 billion green bond fund, and it’s aiming that capital squarely at renewable energy, low-carbon infrastructure, and eco-friendly real estate.
Spanish Bank BBVA announced that it achieved a quarterly sustainable finance record, channeling more than €30 billion (USD$34.6 billion) into environmental and social projects in Q2 2025. The bank reported that its sustainable finance volumes for the first half of 2025 reached €63 billion, increasing by 48% over same period last year. BBVA’s strong sustainable finance results follows an announcement earlier…
The Italian Competition Authority (AGCM) announced that it has fined global fashion online retailer Shein’s website operator Infinite Styles Services Co €1 million (USD$1.15 million) for greenwashing, after finding that the company used misleading environmental messages or claims in the promotion of its clothing products. The announcement follows the launch of an investigation last year by AGCM into the company over…
Australia’s superannuation system, managing over £2.5 trillion in assets as of 2025, is a global leader in retirement savings. The MySuper performance test, administered by the Australian Prudential Regulation Authority (APRA) since 2021, evaluates default MySuper products based on their 8-year investment performance, with funds failing twice consecutively barred from accepting new members. Whilst designed to protect members from underperforming…
Facebook, Instagram and WhatsApp owner Meta announced a new initiative aimed at cutting the embodied carbon footprint of its data centers, piloting the use of mass timber in the construction of the facilities, in place of emissions-intensive materials such as steel and concrete. Steel and concrete are among the most significant sources of greenhouse gas (GHG) emissions, with steel manufacturing…
The continuing delay to the finalisation of the Sustainable Finance Disclosure Regulation (SFDR) comes as little surprise. With dissent from across the investment industry, and even from within the European Commission, it’s been clear for some time that the current framework is struggling to meet its intended objectives. The ESAs, member states, and private stakeholders have all weighed in with…