The European Securities and Markets Authority (ESMA) is set to review its ESG fund-naming rules following the overhaul of the EU’s Sustainable Finance Disclosure Regulation (SFDR). The supervisory body said it would review its guidelines on funds’ names using ESG- or sustainability-related terms in light of the outcome of the SFDR negotiations. The SFDR is currently being overhauled to introduce…
ISO’s Proposed Net Zero Standard Fails Initial Vote Amid Record Feedback
The International Organization for Standardization’s (ISO) long-awaited proposed net zero standard, ISO 14040, failed to pass a vote by member organizations required to advance to become a final standard in its current form, ESG Today has confirmed, after receiving record feedback throughout its 12-week consultation period. ISO said that the new proposed standard, designed to support companies in developing credible and…
To Make Real ESG Progress, We Must Reform Sustainability-Tied Executive Pay
Gues post by: Scott Lane, Founder & CEO of Speeki Sustainability-linked executive pay became a phenomenon in the early 2020s. Fortune 500 companies made public commitments to their green goals, and whether they met them directly affected CEOs’ year-end bonuses. I thought this might make meaningful progress towards tackling climate risk, but for all the good intentions behind these pay…
Will AI Save the World – or Destroy It?
Human judgement stays at the centre of AI, energy and data.
NYC Comptroller Proposes $5 Billion in New Private Markets Climate Solutions Investments
New York City Comptroller Mark Levine announced that he is recommending a strategic expansion in private markets climate solutions investments for three of the City’s public pension funds, with plans to present $5 billion in new private market investment opportunities. New York City’s pension funds represent nearly $300 billion in assets – making them collectively one of the largest public…
JPMorgan Natural Capital, Paraguay Launch $200 Million Sustainable Forestry Platform
J.P. Morgan Asset Management’s (JPMAM) natural capital unit, J.P. Morgan Natural Capital, and the Office of the President of the Republic of Paraguay announced the launch of a new large-scale sustainable forestry platform, with an investment of approximately $200 million. According to JPMorgan, the new platform investment focuses on establishing commercial forests, advancing native forest restoration, and creating long-term value through…
Crédit Agricole Launches New Natural Capital Finance and Investment Division
Paris-based international banking and investment group Crédit Agricole announced Monday the launch of Crédit Agricole Capital Naturel, a new division focused on supporting companies, investors and other stakeholders in addressing challenges related to the preservation and restoration of natural resources, with an initial focus on forests. The announcement marks the latest move by major financial players to deepen their focus on…