Andrew Parry, head of investments at JO Hambro Capital Management (JOHCM) and Regnan, has announced his retirement after over 40 years in the investment industry.  Parry took a step back from work at the end of last year due to ill health, and said treatment has been successful. However, he has decided to retire from full-time work and “embrace a…

The Financial Conduct Authority (FCA) has appointed Sarah Pritchard as deputy chief executive. The regulator said the new role has been created to reflect the its expanding remit, with the integration of the Payment Systems Regulator, regulation of stablecoin and crypto firms, as well as buy now pay later activities. In the role, Pritchard will also support the FCA’s increasingly international…

The U.S. Environmental Protection Agency (EPA) announced a proposal to repeal a series of regulations aimed at reducing greenhouse gas emissions and pollution from fossil fuel-based power plants, arguing that GHG emissions from power plants “do not contribute significantly to dangerous air pollution” within the scope of the underlying regulation. According to a 2022 EPA estimate, the electric power sector…

Weaker global economic growth, recent regulatory changes in Europe and a downward sentiment among investors on ESG could affect near-term issuance of green, social, sustainability and sustainability-linked bonds (GSSS) in emerging markets, despite the long-term outlook remaining robust, according to the latest research from Amundi. The global economy faces heightened levels of uncertainty, but underlying market drivers are apparent, such as…

The Sierra Club has urged institutional investors — particularly asset owners, such as pension funds — to confront climate change as a systemic financial threat to the global economy and long-term portfolio returns in its latest paper. The paper is organised in two parts: first, it explains why climate change must be treated as a system-level financial threat; then, it outlines…

Geothermal energy project developer Fervo Energy announced that it has secured $206 million in project capital aimed at accelerating the development of its geothermal project in Utah, with the potential of generating 2 GW of carbon-free energy for the grid. Founded in 2017, Houston Texas-based Fervo Energy focuses on the development of enhanced geothermal systems (EGS) projects to deliver carbon-free…

Fintech solutions provider Broadridge Financial Solutions and sustainability reporting software provider Novisto announced a new partnership to launch a new suite of sustainability data management and reporting solutions for companies. According to Broadridge and Novisto, the new partnership comes as companies navigate challenges to comply with increasingly complex global regulations, as well as a demand for consistent and standardized sustainability…

Global food and beverage company Nestlé revealed that its largest coffee brand, Nescafé, sourced nearly a third of its coffee from farmers implementing regenerative agriculture practices in 2024, significantly beating the company’s goal to reach 20% by 2025. The company’s achievement was announced with the release of its Nescafé Plan 2030 Progress Report, detailing the brand’s progress on its strategy…

Munich Re, one of Europe’s largest insurance companies, and the world’s biggest reinsurer, announced that it has chosen to withdraw from a series of climate-focused industry coalitions, including the Net Zero Asset Owner Alliance (NZAOA), the Net Zero Asset Managers Initiative (NZAM), Climate Action 100+ (CA100+) and the Institutional Investors Group on Climate Change (IIGCC), citing legal and regulatory pressures…

The proposed elimination of the famous program raises big questions about the future of data management and benchmarking in real estate. By Matt Ellis, CEO of Measurabl While perhaps best known for consumer appliance labels, ESTAR’s (often overlooked) component – a software product called ENERGY STAR Portfolio Manager (ESPM) – acts as the backbone of energy and sustainability data management…