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More asset owners are embracing nature and biodiversity in sustainability strategies

Around 65% of asset owners incorporate nature and biodiversity into their sustainability strategies, while a further 20% plan to do so, according to a recent report published by Pensions for Purpose. Commissioned by First Sentier MUFG Sustainable Investment Institute, the report – Integrating nature & biodiversity into investment – an asset owner perspective – investigates asset owners’ approaches to reporting…

FRC Promises High Bar for New UK Stewardship Code

Changes will help to streamline reporting requirements and ensure they can easily be applied by all signatories. The new UK Stewardship Code won’t lower ambition but will instead introduce more flexibility that better caters to its breadth of signatories, according to the Financial Reporting Council (FRC).  The FRC this week hosted a webinar discussing an ongoing consultation to revise the…

Why Short-Term Profits Are Corporate Junk Food

Short term profits are certainly tasty. Increasing quarterly earnings are celebrated with abundant praise from Wall Street analysts, the press and shareholders reveling in rising stock prices. But this focus on immediate financial gains often comes at the expense of long-term fiscal health. It’s much like eating junk food: it may feel good for a moment, but it’s not good…

Pharma Supply Chain Decarbonization Consortium Signs 10-Year Clean Energy Deals for Haleon, GSK, Thermo  Fisher, Gilead

Pharma Supply Chain Decarbonization Consortium Signs 10-Year Clean Energy Deals for Haleon, GSK, Thermo Fisher, Gilead

Pharmaceutical supply chain decarbonization initiative Energize announced today a new aggregate power purchase agreement (PPA) with renewable energy developer X-ELIO, providing healthcare companies Haleon and GSK, Gilead Sciences and Thermo Fisher Scientific with 245 GWh of renewable energy annually over 10 years. Managed by energy and automation digital solutions provider Schneider Electric together with the Pharmaceutical Supply Chain Initiative, the…

LEGO Group Adds Nature-Based, Engineered Solutions to its Carbon Removal Portfolio

LEGO Group Adds Nature-Based, Engineered Solutions to its Carbon Removal Portfolio

The LEGO Group announced today new partnerships with climate solutions providers Climate Impact Partners and ClimeFi, including carbon credit purchases supporting four carbon removal projects across a range of engineered and nature-based solutions. The new announcement also includes commitments from KIRKBI, the Danish family office for the Kristiansen family, which owns The Lego Group to the same four projects. The…

EY, Microsoft Social Impact Collaboration Launches AI Skills Training Program

EY, Microsoft Social Impact Collaboration Launches AI Skills Training Program

Global professional services firm EY and tech giant Microsoft announced the launch of AI Skills Passport (AISP), a new free program aimed at addressing the Artificial Intelligence (AI) skills gap by providing young people with employable AI experience. The new program forms part of a social impact collaboration announced between EY and Microsoft in 2022 aimed at upskilling young people and…

€6.6 Trillion Investor Group Warns Against Rolling Back EU Sustainability Reporting Regulations

€6.6 Trillion Investor Group Warns Against Rolling Back EU Sustainability Reporting Regulations

A group of more than 200 financial services firms and organizations, including investors representing €6.6 trillion in AUM, announced the release of a new investor statement, warning the European Commission that easing its key sustainability reporting regulations in its upcoming “Omnibus package” proposal could lead to significant policy uncertainty, and risk the flow of capital towards the EU’s environmental sustainability…

Investors Sound Alarm on Omnibus Uncertainty

European Commission urged not to sideline stakeholders by rushing through new legislation without due process. A new statement signed by more than 160 investors has underlined concerns around the EU’s forthcoming omnibus package and the impact it could have on the bloc’s sustainable finance rules. Published today, the statement called on the European Commission to “preserve the integrity and ambition”…

Baillie Gifford drops sustainable tag from £159m monthly income fund

Baillie Gifford has renamed its £159m Sustainable Income fund to comply with the FCA’s sustainability disclosure requirements. Moving forward, the strategy will be known as the Baillie Gifford Monthly Income fund. However, the fund’s investment process will remain unchanged. The strategy aims to deliver a natural monthly income alongside capital returns, which look to grow in line with UK inflation…