While there has been progress toward gender equality in business leadership, it remains stubbornly slow. Across the European Union, women held 35.2% of managerial roles in 2024, up from 31.8% a decade earlier, according to the European Commission. The pattern is echoed worldwide. In the United States, female representation in the highest corporate echelons has… The post How positive education…
Mars Impact Fund Invests $13 Million in Farming Communities, Scientists, Animal Well-Being
Snacking, food, and pet care products provider Mars announced a series of new investments from its Mars Impact Fund, with $13 million in grants for projects aimed at strengthening the resilience of the company’s sourcing communities, developing the next generation of scientists and improving companion animal wellbeing. The new grants follow the launch of the impact fund earlier this year,…
Court Blocks New York Law Charging Oil Companies $75 Billion to Pay for Climate Change Costs
New York State’s Climate Change Superfund Act, which would require fossil fuel companies to pay a share of the investments in infrastructure needed to adapt to climate change in the state, ran into a major obstacle, with a U.S. federal judge ruling that it is preempted by federal law, and “cannot be enforced.” Introduced in 2024 by New York State Governor…
Goal to Limit Climate Change to 1.5°C Out of Reach: UN Report
The multinational goal to limit global temperature increase to 1.5°C, identified as the threshold to avoid the most significant impacts of climate change, is now out of reach, according to a new report released by the UN Environment Programme (UNEP), which puts a best-case scenario now at 1.8°C. Despite expectations to surpass the 1.5°C threshold, however, the report, “Limiting Overshoot,”…
Maersk Pilots Wind Sail to Cut Container Ship Fuel and Emissions
Shipping giant A.P. Moller – Maersk (Maersk) announced that it has signed an agreement with Anemoi Marine Technologies trial the first-ever wind-powered Rotor Sail installation on a container vessel, supporting the company’s efforts to improve vessel efficiency and reduce emissions. Founded in 2015, London-based Anemoi develops wind propulsion systems for commercial shipping. The company’s Rotor Sail technology harnesses wind power…
From volatility to velocity: How EU energy crisis accelerates clean energy
Energy markets have experienced pronounced volatility since the closure of the Strait of Hormuz. Brent crude surged from around $70 per barrel to peak near $120 per barrel. Meanwhile, the main European gas benchmark briefly doubled from €30/MWh to €60/MWh before stabilising at roughly €40/MWh. Nonetheless, the current situation differs fundamentally from 2022. Europe now possesses more diversified supply routes,…
James Penny on TAM’s Charity Bike Ride, philanthropy in the City and taking accountability
“The City is good at lots of things, but coming together to benefit others isn’t necessarily one of them,” James Penny, chief investment officer at TAM Asset Management, tells our sister title Portfolio Adviser. “There aren’t too many sports that spread across the whole of the City: rugby, football, golf – people love it or hate it. They dip in and…
Europe’s Sustainability Reset: Simplification is Not a Reason to Slow Down
Guest post by: Stefan Premer, Senior Director, Corporate Sustainability Consulting at Sphera For businesses globally, the sustainability conversation is moving on. After years of preparing for new disclosure requirements, the focus is increasingly on what sustainability can deliver for the business, from strengthening resilience and managing risk to improving how companies operate and grow. That shift matters as Europe resets…
Aligned Climate Capital targets $500m for latest solar and storage fund
Aligned Climate Capital has held the first close of a new infrastructure fund targeting $500m (£370m) for investments in distributed solar and energy storage projects across the US. Aligned Solar Partners 7 (ASP7) will acquire construction-ready solar and storage projects from development partners, finance their construction and manage the assets through operations. ASP7 is the seventh infrastructure fund in the…
Google Signs Record Geothermal Power Deal with Fervo
Geothermal energy project developer Fervo Energy announced a new 396 MW power purchase agreement (PPA) with Google to provide the tech giant with carbon-free energy from its Cape Station project in Utah, marking the largest enhanced geothermal PPA to date globally. As part of the new agreement, Fervo will offer Google an option to expand its offtake by approximately 600…