The UK’s Sustainability Disclosure Requirements (SDR) has started to reshape the sustainable investment landscape, forcing a higher standard of fund disclosure. But the uptake has been limited and there have been some “missed opportunities” in terms of labelling and delays, according to speakers at the SRI Services and Partners event for Good Money Week. Responsible investment experts speaking at the event agreed…
Climate-focused blended finance investment manager Climate Fund Managers (CFM) has closed its second climate investment vehicle with more than US$1 billion in commitments, marking what it calls the world’s largest adaptation-focused infrastructure fund for developing economies. Created in 2019 alongside the European Commission and the Dutch Fund for Climate and Development, the Climate Investor Two (CI2) fund is designed to…
Swedish green iron and steel maker Stegra has entered a new financing round to support the development of the world’s first large-scale green steel plant in Boden, Sweden, following strong initial backing from existing investors. Founded in 2020, Stegra utilizes hydrogen produced using green power to remove the oxygen from iron oxide, avoiding most of the CO2 emissions normally produced,…
Global investment manager Schroders announced today that it has reached its goal to source 100% renewable electricity for its global operations. The shift to clean energy forms one of Schroders key operational climate goals, which include targets to increase sourcing of renewable electricity to 100% by 2025, reducing absolute Scope 1 and 2 emissions by 46% and business travel emissions by…
The U.S. Securities and Exchange Commission (SEC) will consider significant changes to the shareholder proposal process including re-evaluating rules requiring companies to bring ESG-related proposals to a vote at annual meetings, according to comments by SEC Chair Paul Atkins. In the remarks, made during a keynote speech at the University of Delaware, Atkins said that the Commission’s proposed “Shareholder Proposal…
This week in ESG news: EU lawmakers reach deal to cut sustainability reporting and due diligence laws; Brookfield raises record $20 billion for clean energy fund; ISO launches new biodiversity standard; Mars, Cargill sign deals to build over 100 renewable energy projects; Novata acquires sustainability reporting solutions provider Atlas Metrics; EU to delay sustainability reporting standards for non-EU companies; Google…