Proxy advisory firm Institutional Shareholder Services (ISS) is facing a series of new lawsuits filed by the Attorneys General of Texas, Nebraska, Iowa and West Virginia, alleging that the firm violated consumer protection and deceptive practices laws by promoting ESG and DEI-related policies in its advice to investors. The lawsuits, which follow a similar suit filed last year by Florida…
The Science Based Targets initiative (SBTi), one of the key organizations focused on aligning corporate environmental sustainability action with the global goals of limiting climate change, announced today the launch of its new five-year strategy, marking a significant expansion in focus for the organization from target-setting and validation to supporting companies in the implementation of their climate goals. Key elements…
Guest post by: Alexis Gazzo, EY Global Climate Change and Sustainability Services Leader It is becoming increasingly clear across all areas of my work that sustainability is no longer viewed primarily through the lens of reporting, compliance or regulation. Across markets, we are seeing it increasingly shape how growth is pursued, how competitiveness is judged and how long‑term value is…
Global investment manager Schroders’ renewable infrastructure investment unit Schroders Greencoat announced the acquisition of biomethane platform APF Energy from SWEN Capital Partners and APF BV. Biomethane, or renewable natural gas (RNG), is expected to play a critical role in the transition to cleaner energy sources, particularly for sectors in which energy solutions such as wind or solar are less practical….
ESG-focused software analytics platform provider Datamaran announced today the launch of a series of enhancements to its AI-powered risk and governance platform, Datamaran Core, aimed at enabling companies to identify, manage, and disclose non-financial issues, risks and opportunities, and comply with sustainability reporting frameworks such as ISSB and CSRD. Launched last year, Datamaran Core was targeted at sustainability, legal, and…
Private markets-focused sustainability data solutions provider Novata today announced the launch of Risk Atlas, a new AI-powered tool designed to help investors and companies identify, prioritize and monitor emerging risks across portfolios and supply chains. New York-based Novata was founded in 2021 by S&P Global, the Ford Foundation, asset management firm Hamilton Lane, and social change-focused investment firm Omidyar Network….
Sustainable infrastructure financing platform Pentagreen Capital announced today the second close of the Green Investments Partnership (GIP), with committed capital to the blended finance program reaching $800 million to back green and sustainable infrastructure opportunities across Southeast and South Asia. GIP forms part of Singapore’s Financing Asia’s Transition Partnership (FAST-P), a blended finance initiative launched the Monetary Authority of Singapore…
Quebec-based institutional investor La Caisse (formerly CDPQ) announced on Wednesday a new investment in Montreal-based sustainability reporting software provider Novisto. According to La Caisse, the transaction is aimed at accelerating Novisto’s growth and the deployment of its solution, with the firm noting that it comes as companies face increasing pressure to comply with sustainability reporting regulations, such as the European…
Google’s goal to run its business 24/7 on carbon-free energy with local clean energy matching remains in place, according to the company’s Singapore and Malaysia Country Managing Director, even as the company grapples with the challenge of powering its major AI infrastructure buildout. Google announced its “moonshot” goal in 2020, establishing a 24/7 CFE ambition to run its entire business…