M&G’s impact investing unit responsAbility Investments announced today the appointment of Nadia Nikolova as its new Chief Executive Officer, taking over the role in September 2025 from outgoing CEO Rochus Mommartz, who has announced plans to retire at the end of the year. Founded in 2003, Zurich-based responsAbility is an impact asset manager specializing in private market investments, with a focus on…
The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced today the publication of new exposure drafts, focused on proposed amendments to its sector-focused SASB sustainability reporting standards. The Sustainability Accounting Standards Board (SASB) was founded in 2011 with a mission to establish industry-specific ESG disclosure standards for companies, designed to enable investors to assess the materiality of reported sustainability information,…
JPMorgan announced that its blockchain business unit, Kinexys, is currently developing and testing a new blockchain application to tokenize global carbon credits, in a bid to resolve key standardization and transparency challenges holding back the voluntary carbon market (VCM). The company said that it is partnering with S&P Global Commodity Insights, EcoRegistry and the International Carbon Registry (ICR) to test…
UBS announced that the SDG Outcomes Fund, developed by its philanthropy-focused platform UBS Optimus Foundation and impact specialist Bridges Outcomes Partnerships (BOP) has raised $100 million in commitments at its final close, reaching the initial fundraising target for the blended finance fund. The final close of the fund included an $18 million anchor commitment from the European Investment Bank (EIB),…
The European Commission revealed that it has allowed additional time for the European Financial Reporting Advisory Group (EFRAG) to complete its work on the revision of the European Sustainability Reporting Standards (ESRS), extending the deadline for EFRAG’s technical advice to November 30, from the prior October 31 deadline. EFRAG, which had previously expressed concerns that the initial tight timeline could…