Over the last 18 months, you might have noticed the rhetoric surrounding electric vehicles (EVs) as a dying technology with some describing them as “the end of the road,” or at a “dead end” as they “run out of power” – a “massive disappointment” even. As usual with disruptive innovation, the facts contradict the headlines. According to the EV data reported…
Traditional carbon accounting models are missing the mark on Scope 3 emissions estimation by up to 2,480%, according to analysis by climate intelligence firm Carbon Responsible. This has implications for asset valuation, regulatory and fiduciary compliance, asset selection and SBTi target validation, the firm said. Carbon Responsible’s study compared Environmentally Extended Input Output (EEIO) estimates to Ada, its AI-powered emissions…
Parmenion Investment Management has added five funds to its ESG portfolios. Among the changes, Parmenion has added the Schroder Global Sustainable Value fund to its Sustainable Growth product, while Sparinvest Ethical Global Value has been initiated into the firm’s Ethical Growth solution. The funds both invest in companies that are ESG leaders with a deep value bias, which Parmenion noted…
Women aged 55 and over are most affected by mental health-related absenteeism in the UK, research has found this Mental Health Awareness Week. The study by online therapy service Man Confidence shines a spotlight on emotional wellbeing in the workplace. See also: CCLA’s Browne on mental health: Awareness is increasing but the gap is widening Experts from Man Confidence analysed…
Italian energy company Eni announced today that it has entered into exclusive negotiations with alternative asset management firm Ares’ alternative credit arm for the sale of a 20% stake in Eni’s renewables, retail and EV charging company Plenitude. Eni said that the stake would be acquired at an equity value of the company between €9.8 and €10.2 billion (USD$2.2 – $2.3…
Nuclear energy technology startup Realta Fusion announced that it has raised $36 million in a Series A financing round, with proceeds aimed at bringing its modular magnetic mirror fusion energy technology closer to commercialization. Founded in 2022, Wisconsin-based Realta provides technology aimed at enabling the development of the lowest capital and least complex path to commercially competitive fusion energy. The…
Sustainability-focused private markets investment manager Pegasus Capital Advisors announced the appointment of SASB founder and former Blackstone Global Head of ESG Jean Rogers as Senior Operating Advisor. Founded in 1996, Stamford, Connecticut-based Pegasus specializes in blended sustainable investments across climate, food, water, and ocean ecosystems. Blended finance brings together public or philanthropic capital and private funding through a common investment…
Octopus Energy Group announced the launch of a new fund aimed at allowing pension funds and private wealth investors to invest in the energy transition, with access to more than 50 renewable energy projects in 15 countries, including wind, solar and large-scale battery projects. Octopus said that the new CG Octopus Energy Sustainable Growth Fund I, or Astris, is being…
Middle East, Africa, and South Asia (MEASA)-focused financial hub Dubai International Financial Center (DIFC) announced the launch of the “1 Million Learners” initiative, aimed at helping to build a skilled workforce “capable of driving sustainable economic growth,” and with a goal of equipping one million individuals with knowledge in sustainability and sustainable finance by 2030. The program seeks to redefine how sustainability…