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Net Zero Banking Alliance Pauses Activities

Net Zero Banking Alliance Pauses Activities

The Net-Zero Banking Alliance (NZBA), a UN-backed banking sector coalition dedicated to advancing global net zero goals through their financing activities, announced that it has paused its activities following a series of high-profile departures from its ranks, and has proposed a significant restructuring, including dropping its format as a membership-based alliance. The NZBA said that it has initiated a member…

Top biodiversity stocks to watch

Top biodiversity stocks to watch

The degradation of nature in the UK will cut 4.7% off GDP within the next decade if businesses do not make a greater effort to invest in these solutions and slow down the decline, according to a report. Published by the Green Finance Institute and WWF, the report Business Investment in Nature: Supporting UK Economic Resilience and Growth also found the…

Sustainability reporting driving competitive advantage

Over two-thirds of UK firms have said sustainability reporting is a driver of their competitive advantage and boosting innovation within the business, according to a survey of senior sustainability leaders. The survey, carried out by software firm Osapiens, gathered responses from 150 sustainability leaders at UK firms and found the majority supported mandatory reporting on sustainability with 69% of respondents…

Aalo Raises $100 Million to Build Combo Advanced Nuclear Plant and Data Center

Aalo Raises $100 Million to Build Combo Advanced Nuclear Plant and Data Center

Aalo Atomics, a US-based nuclear technology company announced that it has raised $100 million in a Series B financing round, with proceeds aimed at building the company’s first nuclear power plant to meet the rapidly growing energy needs of AI. Founded in 2023, Texas-based Aalo’s mission is to accelerate the adoption of nuclear energy as a sustainable, resource-efficient power source,…

Is investing in AI still too much of a gamble?

AI is a subject both broad and confusing. It is also rapidly evolving: you can now be taught how to write a book by Agatha Christie, impressive given she died in 1976. More remarkable still are the high-quality scans that recently digitally unfurled previously unopenable papyrus scrolls that were carbonised during the eruption of Mount Vesuvius in 79AD. As we…

Aegon adds climate corporate bond fund

Aegon Asset Management has launched an Investment Grade Climate Transition fund co-managed by Rory Sandilands (pictured), Alexander Pelteshki and Kenneth Ward. The fund will invest in global investment grade corporate bonds from companies with credible, actionable decarbonisation plans the team has found throughputs proprietary climate transition research. The strategy targets a 50% reduction in carbon footprint by 2030 and aims for portfolio…

It’s time for investors to rethink ‘forever chemicals’

It’s time for investors to rethink ‘forever chemicals’

Nearly every person on the planet carried traces of per- and polyfluoroalkyl substances (PFAS), also known as “forever chemicals”. In the US, the Centers for Disease Control and Prevention (CDC) estimates over 99% of the population has at least one type of PFAS in their bodies. What are PFAS? PFAS are a class of over 12,000 man-made chemicals prized for…

Blackstone Acquires Electrical Equipment Provider Shermco in $1.6 Billion Deal

Blackstone Acquires Electrical Equipment Provider Shermco in $1.6 Billion Deal

Alternative asset manager Blackstone announced announced an agreement to acquire Shermco, a provider of full lifecycle electrical equipment services, from Gryphon Investors, forming part of a continuing focus on energy transition and electrification opportunities.. The deal values Shermco at approximately $1.6 billion. Founded in 1974, Texas-based Shermco is one of the largest electrical testing organizations accredited by the InterNational Electrical Testing…

Stephanie Kelly exits Greenwheel

Stephanie Kelly has left her role as head of Greenwheel, the sustainability insights partner to asset manager Redwheel. Kelly joined the business in 2022 to lead a team of sustainability experts providing climate, social and market insights, which would “power enhanced ESG, transition and sustainable funds at every stage of the product life cycle”. She was also head of thematic sustainability…

The Regulatory Bite: How Food Policies Affect You.

Scroll through social media or open a news site, and opinions on what to eat or what to avoid are everywhere. Keto, paleo, intermittent fasting, and plant-based diets dominate the conversation, each promising better health, more energy, or a longer life. At the same time, headlines about food recalls, hidden additives, and ultra-processed foods remind consumers of the risks and…