Jupiter Fund Management has snapped up CCLA Investment Management for £100m, subject to regulatory approvals. The deal will add £15bn in assets under management, run on behalf of charities, religious institutions and local authorities, when it completes before the end of 2025. CCLA will retain its brand, investment teams and client engagement model to ensure client continuity. Jupiter said in…

HSBC announced that it has decided to withdraw from the Net-Zero Banking Alliance (NZBA), following its North American peers to become the first major UK bank to exit the UN-backed coalition dedicated to advancing global net zero goals through their financing activities. Despite its departure from the NZBA, however, HSBC reiterated its commitment to pursue its net zero by 2050…

This week in ESG news: Mars launches $250 million sustainability solutions fund, ties exec compensation to climate goals; EU proposes major simplification of sustainability taxonomy; Google turns the corner on data center emissions, but supply chain drags carbon footprint higher; revised European Sustainability Reporting Standards may cut datapoints by two thirds; Microsoft signs 3 million ton carbon removal deal; Iberdrola,…

The California Air Resources Board (CARB), the regulator charged with developing and enforcing new regulations requiring large companies to disclose their value chain emissions and report on climate-related financial risks, announced the release of a new publication of frequently asked questions (FAQ), aimed at providing an update on its regulatory development for the new regulations, and on guiding companies preparing…

Carbon removal buyer coalition Frontier announced a new $41 million offtake agreement with bioenergy carbon capture & storage (BECCS) company storage Arbor, to remove 116,000 tons of CO2 between 2028 and 2030, on behalf of companies including Google, Shopify, and H&M Group. The new offtake agreements will enable Arbor to proceed with its first commercial-scale plant near Lake Charles, Louisiana,…

Spanish energy and electricity provider Iberdrola and UAE-based clean energy-focused developer Masdar announced today a new agreement to co-invest €5.2 billion (USD$6.1 billion) in the 1.4 GW East Anglia THREE project, marking the largest offshore wind transaction of the decade. The new agreement follows the launch by the companies of a partnership in 2023, aimed at investing up to €15 billion…

ISS Sustainability Solutions, the sustainable investment business of ISS STOXX, announced today the launch of Sovereign Climate Impact Report, a new solution aimed at enabling investors to understand, measure, report, and act on climate transition-related risks and impacts of their sovereign portfolios. According to ISS, the new solution, forming part of its Climate Solutions suite, was developed in response to…

How operational agility and specialization helped us find aligned partners for our $430M ventures fund By: John Tough, Managing Partner, Energize Capital A few weeks ago, our team at Energize Capital announced the close of Ventures III, a fund with $430 million of capital commitments across the fund and its related vehicles, built to power the next chapter of software-enabled…

Applied safety science company provider UL Solutions announced the launch of a series of new sustainability-focused software solutions, including tools to help companies manage supply chain emissions data, meet ISSB sustainability reporting requirements and plan renewable energy deployment. The new solutions form part of UL Solutions’ ULTRUS software platform, which ais to help companies ULTRUS software platform. The new tools…

The European Financial Reporting Advisory Group (EFRAG) revealed that it is currently considering changes to the European Sustainability Reporting Standards (ESRS) underlying the EU’s CSRD regulation that would reduce datapoints reported by companies by approximately two-thirds, and include a “drastic decision” to eliminate voluntary disclosure, or “may” datapoints. The plans were released with the publication of EFRAG’s “Amended ESRS Exposure Draft,”…