Global energy and electricity provider Iberdrola announced that it has raised €1 billion (USD$1.16 billion) in the first-ever offering of a hybrid green bond to be issued under the new European Green Bond (EuGB) standard. The offering drew strong demand with an order book exceeding €8 billion from more than 400 investors across Europe and the UK, Asia and North…
Industrial sustainability-focused venture capital firm Emerald Technology Ventures announced it has raised €60 million (USD$69 million) in commitments at the first close of its Global Water Fund II, aimed at investing in startups advancing solutions to solve the world’s most pressing water challenges. Emerald is targeting a total fund size of between €150 and €180 million for the fund. Its…
Investment management firm Fidelity International announced the launch of the Fidelity Global Equity Research Enhanced PAB UCITS ETF, a new fund aimed at investing in global equities to achieve income and capital growth, while aligning with the climate goals of the Paris Agreement by restricting the carbon emissions exposure of its portfolio. The new fund forms part of Fidelity’s Research…
Apple announced a series of new clean energy agreements in Europe, adding 650 MW of solar and wind capacity to electric grids in Europe, as part of the company’s efforts to match the electricity used by its customers to power Apple products with renewable energy. Emissions from product use accounts for 29% of Apple’s carbon footprint, according to the company’s…
Business and financial markets information service provider Bloomberg announced the launch of a series of new tools aimed at enabling investors to assess company and portfolio exposure to low carbon transition risks and opportunities. According to Bloomberg, the new tools come as investors are increasingly looking to assess how business models and investment returns are being impacted by major shifts…
The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced a series of moves today aimed at guiding jurisdictions in the adoption of the ISSB’s sustainability reporting standards, and in enabling the standards to “serve as a global passport,” for acceptance of standards-aligned reports across jurisdictions. The ISSB was launched in November 2021 at the COP26 climate conference, with the goal to develop IFRS…
The Net Zero Asset Managers (NZAM) initiative, a major multi-trillion dollar group of investment managers committed to supporting the goal of net zero greenhouse gas emissions, announced that it will resume operations after pausing in early 2025 to adapt to a rapidly changing political and regulatory environment which had caused some of its largest signatories to exit the coalition. While…
By: Anna-Stina Reuter, Principal Sustainability Consultant at Sphera Over the past few years, discussions surrounding sustainability reporting standards have evolved significantly. In the coming months alone, the threshold for the Corporate Sustainability Reporting Directive (CSRD) is set to be lowered, the simplified set of the European Sustainability Reporting Standards (ESRS) will be published, and the reporting deadline under California’s Climate…