By: Tom Willman, Regulatory Lead, Clarity AI In a world of uncertainty around sustainability regulations, interoperability – the capacity for regulatory systems to function harmoniously across different regions – remains a key priority for asset managers. While the benefits of interoperability are often framed in terms of cost-savings and a reduced administrative burden, its significance goes far deeper. Interoperability is…
Nordea Asset Management (NAM) has reviewed the names of its sustainable funds in line with new guidelines from the European Securities and Markets Authority (ESMA). The group has added or kept ‘Sustainable’ in the names of 17 Nordea 1 SICAV funds following the review. NAM said all Nordea 1 sustainable products commit to a minimum of 50% allocation to sustainable…
Athletic apparel company lululemon has entered into a multi-year collaboration agreement with California-based biotechnology firm ZymoChem aimed at expanding the use of sustainable bio-based nylon in its products. Founded in 2013, ZymoChem uses microbes to convert renewable feedstocks into biodegradable polymers with a near-zero CO2 emissions footprint. According to the company, the process also produces materials with a cost advantage…
Investment management firm Fidelity International announced that it has raised €110 million (USD$119 million) for the Fidelity Real Estate Logistics Impact Climate Solutions (LOGICs) fund, dedicated to energy transition in the real estate sector, adding to the €200 million raised during its first close in March 2024. LOGICs, which is Fidelity’s second real estate investment vehicle focused on climate impact,…
German battery technology startup theion announced that it has raised €15 million (USD$16.2 million) in a Series A funding round, with proceeds aimed at furthering development of lower-carbon footprint batteries that provide more power and energy storage than standard lithium-ion batteries. Established in 2020, Berlin-based theion develops crystal batteries for mobile, portable and stationary applications. The company is utilizing sulfur,…
Engie North America announced today an expansion of its partnership with alterative asset management Ares Management, with an investment in a 0.9 GW portfolio of U.S.-based solar and storage assets. Engie said that it will retain a controlling share in the portfolio and continue to operate and manage the assets. The transaction follows the launch of the partnership between Engie…