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COP30 continues: Financial stability warning, solidarity levies and a just transition

As COP30 enters its final stages, warnings have intensified that aligning portfolios with a sustainable transition is a core fiduciary duty and “no longer optional” due to the escalating risks outlined at the climate change conference.  There has been a number of key announcements over the past week, including the $1.3trn Baku to Belem Climate Finance Roadmap, and the activation…

Financial services show progress in addressing modern slavery

Financial services firms including Investec, M&G, St. James’s Place, London Stock Exchange Group, Lloyds and Legal & General are among the companies to have most improved their performance in addressing modern slavery, according to CCLA. In the firm’s third annual UK Modern Slavery Benchmark, six out of the 10 most improved companies since 2023, when the benchmark was launched, were…

PGIM’s Jackson: My top takeaways from PRI in Person

This year’s United Nations’ Principles for Responsible Investment (PRI) conference in Brazil was well-attended, positive and upbeat. It offered an optimistic outlook on progress despite ongoing shifts in global political and regulatory landscapes. While the global transition may be slower than needed to reach net zero by 2050, decarbonisation is underway and opening up many different and attractive investment opportunities….

U.S. Court Pauses Implementation of California Climate Reporting Law

U.S. Court Pauses Implementation of California Climate Reporting Law

A U.S. appeals court issued an injunction pending appeal on Tuesday halting the implementation of a new California law that would require thousands of U.S. companies to report on climate-related financial risks, just weeks prior to the law’s first mandated disclosures. The court did not, however, agree to a request to halt another law requiring companies to report on their…

Engagement is essential as chip influence intensifies

The semiconductor industry remains at the heart of global technological progress; however, in recent years, it has evolved from a relatively under-the-radar enabler to a clear strategic priority. Supply chain disruptions, mounting geopolitical tensions, and the race to secure advanced manufacturing capacity have underscored the critical importance of chips to global growth and competitiveness. At the same time, the demand…

FedEx Expands Sustainable Aviation Fuel Use to Chicago and Miami

FedEx Expands Sustainable Aviation Fuel Use to Chicago and Miami

Global delivery giant FedEx announced a series of new agreements to source sustainable aviation fuel (SAF) for use at Chicago-O’Hare Airport and Miami International Airport, marking an expansion of the company’s deployment of SAF at U.S. airports. The new agreements follow FedEx’s first major U.S. SAF deployment earlier this year, with an deal to purchase more than three million gallons…

DHL to Purchase More than 300 Million Liters of Sustainable Aviation Fuel from Phillips 66

DHL to Purchase More than 300 Million Liters of Sustainable Aviation Fuel from Phillips 66

Logistics giant DHL Group announced a new agreement with U.S.-based energy products manufacturer Phillips 66 for the purchase of more than 240,000 metric tons (314 million liters) of sustainable aviation fuel (SAF), to be delivered to U.S. airports over three years. The deal marks one of the largest SAF agreements by a U.S. producer to date, and is anticipated to reduce…

Holding the line 

In an age of ‘greenhushing‘, conviction has become a quiet mark of leadership. Across global markets, a growing number of investors have been diluting their commitments to sustainability, fearful of being caught in the political crossfire. Yet for those investing across decades, particularly in long-dated real assets, staying the course on sustainability is not a statement of ideology, but of investment discipline.  Sustainable finance is not in retreat. It is…

Nestlé, Mars Warn that Delaying EU Deforestation Law Would Create Uncertainty, Disengagement

Nestlé, Mars Warn that Delaying EU Deforestation Law Would Create Uncertainty, Disengagement

A group of major companies* including Nestlé, Mars Wrigley and Ferrero, among several others, issued a new letter calling on European lawmakers not to implement potential new delays and changes to the EU Deforestation Regulation (EUDR), a new law aimed at ensuring that products imported to or exported from EU markets no longer contribute to deforestation and forest degradation globally….