Fidelity International’s head of stewardship in Europe, Emilie Goodall, has announced she will leave the role to pursue new opportunities. In a post on LinkedIn announcing her departure, Goodall said she was thankful to have had “a front-row seat” to the rapid transitions the industry is navigating. “Sustainability terminology debates aside, the underlying day-to-day practice of stewardship is transforming, and…

UK financial services group Legal and General (L&G) announced the launch of its new Nature and Social Outcomes strategy, with a commitment of $235 million (£183 million) aimed at supporting conservation and sustainable development projects in emerging markets (EMs). The new strategy, the firm said, will deploy capital through projects that will provide strong commercial returns, along with positive environmental…

Forest investment and management firm EFM announced today a new long-term agreement with Facebook, Instagram, and WhatsApp owner Meta for the delivery of 676,000 tonnes of carbon removal credits through 2035, generated through the transition of U.S. forestland to “climate-smart management.” Launched in 2004, Portland, Oregon-based EFM is a real estate asset manager focused on investing in natural climate solutions…

Northern Europe-based asset manager Nordea Asset Management (NAM) announced that it has added or kept the term “sustainable” in the names of 17 funds in its Nordea 1 SICAV range ahead of the implementation of new fund naming guidelines by EU markets regulator the European Securities and Markets Authority (ESMA). The announcement follows the release in May 2024 by ESMA…

Corporate, markets, and financial services regulator the Australian Securities & Investments Commission (ASIC) announced the release of “Regulatory Guide 280 (RG 280),” its new regulatory guide for companies required to prepare a sustainability report containing climate-related financial information under Australia’s new mandatory climate reporting law. The guide includes details on ASIC’s planned “pragmatic and proportionate approach” to supervision and enforcement…

Norges Bank Investment Management (NBIM), the investment manager for Norway’s $1.8 trillion oil fund announced today that it has acquired a 49% stake in two offshore wind construction projects located in Denmark and Germany from German power producer RWE for approximately €1.4 billion (USD$1.5 billion). NBIM said that it expects that its share in constructing the wind farms will be…

This week in ESG news: EU Council approves delay of sustainability reporting regulations; ING becomes first major bank with approved science-based financed emissions targets; PwC study finds vast majority of companies are keeping – or raising – climate goals; SEC walks away from climate reporting requirements; Airbus commits to build hydrogen-powered planes; ISSB launches new tool to help regulators adopt…