The majority of stakeholders responding to a consultation into the development of Canada’s Sustainable Finance Taxonomy said that they strongly opposed a proposal to include an “abatement measures” category focused on decarbonizing activities related to fossil fuels, according to the consultation report released by investor initiative Business Future Pathways (BFP). The consultation results follow the release in July by BFP,…
Swedish green iron and steel maker Stegra announced the completion of a 100-day review of its project to build the world’s first large-scale green steel plant in Boden, Sweden, revealing that it will require more capital to complete the project due to “significantly higher than assumed” costs, even after securing a €1.4 billion (USD$1.6 billion) package in June 2026. Following the…
UK pension scheme Nest announced that it has awarded investment manager Wellington Management with a £3.5 billion (USD$4.6 billion) mandate to manage its emerging markets equity strategy, in a move aimed at strengthening the strategy’s ESG risk evaluation and stewardship. According to Nest, the move marks a significant shift in its approach to its emerging markets equity allocation, shifting to…
Amazon and energy producer Constellation Energy announced a new 20-year power purchase agreement (PPA) aimed at supporting the continued operation and expansion of Constellation’s Calvert Cliffs nuclear plant in Maryland, and providing Amazon with carbon-free energy.. According to Constellation, the new agreement will enable investments in state-of-the-art improvements across the 1,790 MW plant, which it said plant produces about 80%…
Investment manager Vanguard released data from its Investor Choice proxy voting choice program for 2026, revealing that the firm’s ESG-focused voting option remains by far the most popular among younger investors, and that younger investors and female investors are selecting ESG-focused voting policies at significantly higher rates than their older and male counterparts, respectively. Vanguard launched its Investor Choice program…
Global energy technology company Schneider Electric and carbon accounting solutions provider Greenly announced a new partnership aimed at expanding Schneider electric’s Decarbonization Champion Program (DCP), its program to help small and medium-sized enterprises (SMEs) in the electrical value chain to measure and reduce emissions and unlock value from sustainability initiatives. Founded in 2019, Paris-based Greenly provides software aimed at enabling…