The artificial intelligence (AI) investment trade is entering a more selective phase as investors begin to distinguish between winners and losers across the technology sector, according to Man Group portfolio manager Sumant Wahi. Wahi said last week’s selloff in technology stocks suggests the “easy phase” of the semiconductor trade may be coming to an end after a period in which…
NeoCem Raises $19 Million to Scale Low Carbon Cement Technology
Low-carbon cement materials developer NeoCem announced that it has raised €17 million (USD$19 million) in a new funding round from asset management company Crédit Mutuel Impact, with proceeds aimed at scaling the deployment of its low carbon cement technology. Cement production is a significant contributor to global greenhouse gas emissions, and one of the more difficult sectors to decarbonize. Cement…
Citi Impact Fund Commits $25 Million to Housing Access and Affordability Solutions
Citigroup announced that its Citi Impact Fund will invest $25 million to support companies using technology to improve housing access, supply and affordability in communities across the U.S. Launched in 2020, the Citi Impact Fund invests in “double-bottom line” companies delivering both financial returns and positive social impact, with a focus on supporting economically vulnerable Americans across four key areas,…
Amundi, BNPP AM, Geode, NTAM and State Street Awarded $3 Billion Climate Transition Infrastructure Investment Mandate by Taiwan Pension Funds
Taiwan’s Bureau of Labor Funds (BLF) announced that it has selected a group of asset managers for the award of USD$3 billion of mandates for passive overseas investment in global climate transition infrastructure. The five asset managers selected by BLF include Amundi, BNP Paribas Asset Management, Geode Capital Management, Northern Trust Asset Management Australia, and State Street Global Advisors Singapore….
Telefonica Sets Goal to Cut Value Chain Emissions by More than Half by 2030
Spanish telecommunications company Telefónica announced the launch of its new “Global Sustainability Plan 2026–2030,” setting out a series of environmental, social and governance targets aimed at supporting growth, improving operational efficiency and strengthening risk management, including a new interim climate target to cut value chain emissions by more than half by 2030. Telefónica said that the plan is structured around…
Australia to Crack Down on Modern Slavery in Company Supply Chains
The government of Australia announced that it will strengthen its laws aimed at preventing modern slavery, including plans to make large companies criminally liable for failing to prevent modern slavery in their supply chains, unless they can prove they have taken reasonable steps to prevent it. The plans to update the modern slavery laws follows the publication of a report…
How GPs are Quantifying ESG-Driven ROI
Guest post by: Larissa Machiels, Head of Impact at Holtara Ask a general partner how ESG creates value, and the answer usually comes easily. Ask them to put a number on it, and the confidence tends to thin out fast. Regulatory pressure and demand for transparency have pushed private equity firms to invest in ESG policies, portfolio data, and governance…
ESG Today: Week in Review
This week in ESG news: EU moves to relieve pressure of ETS carbon pricing system on industry; Deloitte launches new framework to measure value of sustainability investments; Google signs massive U.S. clean energy deal; Korea extends mandatory sustainability reporting to more companies; Microsoft reports 25% jump in emissions as AI buildout challenges climate goals; EU Commission warns all 27 member…
EU Taps the Brakes on ETS Carbon Pricing System
The European Commission announced the release of its highly-anticipated EU Emissions Trading System (ETS) review, proposing a series of changes to its main decarbonization policy, including measures to provide relief to industry by slowing the pace of emissions reduction mandated under the carbon pricing system and extending the allocation of allowances for several years, while also introducing measures to drive…