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Bain Appoints Matteo Capellini as Global Head of Sustainability Value Creation Solution

Bain Appoints Matteo Capellini as Global Head of Sustainability Value Creation Solution

Global consultancy Bain & Company announced the appointment of Matteo Capellini as Global Head of its Sustainability Value Creation Solution, the firm’s practice focused on the integrations of sustainability strategies into business strategies, to transform ESG aspects from regulatory considerations or commitments into tangible value-creating assets. According to Bain, the appointment comes as sustainability is returning to the forefront of…

Stewart Investors calls time after 38 years

Sustainable investing pioneer Stewart Investors has closed its doors for good after 38 years of active equity investing, according to senior portfolio manager Nick Edgerton. The business, formerly based in Edinburgh, effectively retired its brand name at the end of last year after parent company First Sentier Group transferred the asset manager’s investment responsibilities to FSSA Investment Managers. In a…

Brookfield Launches $600 Million India-focused Renewable Energy Platform

Brookfield Launches $600 Million India-focused Renewable Energy Platform

Brookfield Asset Management announced the launch of Lumara Energy, a new India-based platform focused on accelerating the development and construction of renewable energy projects. The launch of the new platform comes as India continues to scale up its investments in clean energy, with the country aiming to reach 500 GW of installed renewable energy capacity by 2030. Earlier this year India…

Walmart Sets New SBTi-Approved Emissions Reduction Target

Walmart Sets New SBTi-Approved Emissions Reduction Target

Retail giant Walmart revealed that it has set a new operational emissions target, with a goal to reduce Scope 1 and 2 greenhouse gas emissions by 28% by FY2031 from a FY2025 baseline. The new target was announced in Walmart’s FY2026 ESG Report, which indicated that the company achieved a significant 7.5% reduction in Scope 1 and 2 emissions in…

TotalEnergies Acquires Shell’s European Onshore Renewables Business

TotalEnergies Acquires Shell’s European Onshore Renewables Business

French energy giant TotalEnergies announced 2 key clean energy transactions on Monday, including a deal to acquire Shell’s entire onshore renewables business in Europe, and the sale of a 50% interest in a 1.2 GW onshore solar and wind asset portfolio in Europe to alternative asset and private equity investor KKR. According to TotalEnergies, the transactions align with the company’s Integrated…

ESG Today: Week in Review

ESG Today: Week in Review

This week in ESG news: GHG Protocol, ISO to launch unified carbon accounting standards; ECB to adjust value of corporate loans as collateral for climate risk; NTAM loses $160 million mandate to Amundi over exit from climate groups; EFRAG releases proposed CSRD sustainability reporting standards for non-EU companies; Nordea launches new sustainable equity funds; Deutsche Bank reports strongest sustainable finance…