The FCA-established Advisers’ Sustainability Group has released a new report calling on financial advisers to ask every client about their sustainability, ethical, environmental and social preferences for investing as part of their routine fact-finding process. The industry-led working group, which brings together advisers, wealth managers, responsible investment specialists and other experts, launched the report this week setting out practical guidance for…
M&G Investments Appoints Jen Braswell as Global Head of Impact for Private Markets
International investment manager M&G Investments announced the appointment of Jen Braswell as Global Head of Impact for its private markets business, a newly created role aimed at accelerating the growth of the investment manager’s impact investing platform. In her new role, Braswell will be responsible for enhancing collaboration and strengthening M&G Investments’ ability to originate, manage and scale impact investments…
Agreena Signs Record 4.4 Million Ton Sustainable Farming-Based Carbon Removal Deal
Agriculture-focused carbon platform Agreena announced it has secured a seven-year agreement with one of the world’s largest commodity trading houses for the purchase of 4.45 million tonnes of carbon credits over seven years from a project focused on supporting farmers in transitioning to regenerative agriculture. The deal marks the largest publicly communicated agreement signed to date in agricultural carbon, and…
Sustainability Data Platform Tracera Appoints Co-founder Sandeep Chand as New CEO
Sustainability data platform Tracera announced the appointment of co-founder Sandeep Chand as its new CEO, succeeding fellow co-founder Patrick Obeid in the role. Incubated at Bain & Company in 2022, New York-based Tracera – formerly called ESG Flo – provides solutions aimed at enabling companies to simplify ESG data collection, verification, and reporting, covering areas ranging from data collection, carbon…
Bluecore Energy Raises $50 Million to Build Floating Nuclear Power Plants
Nuclear technology company Bluecore Energy announced today that it has raised $50 million in a seed funding round, with proceeds from the new financing aimed at accelerating the development and deployment of its floating nuclear energy systems. Emerging from stealth earlier this year, Port of Long Beach-based Bluecore is developing small modular, water-cooled nuclear reactors that operate aboard floating barges,…
Yara Launches Largest Carbon Capture Facility in Europe
Crop nutrition company Yara announced the inauguration of its new carbon capture facility at the company’s Yara Sluiskil ammonia and fertilizer plant in the Netherlands. Capable of capturing and liquefying up to 800,000 tons of CO2 annually from ammonia production, the project marks largest industrial carbon capture facility in Europe to date. Additionally, with carbon captured from the new facility…
Qualitas Acquires 5.8 GW European Clean Energy Platform from Macquarie
Renewable energy investment, management, and development platform Qualitas Energy announced an agreement to acquire solar energy company Cero Generation’s core European clean energy platform from Macquarie Group. Launched by Macquarie in 2021, London-based Cero, specializes in the development, construction, and operation of solar photovoltaic (PV) and battery energy storage system (BESS) projects. Under the agreement, Qualitas will acquire Cero’s 5.8…
EcoVadis, CO2 AI Partner to Help Companies Measure, Reduce Supply Chain Emissions
Sustainability ratings and solutions provider EcoVadis and sustainability data platform CO2 AI announced the launch of a new partnership aimed at helping organizations accelerate their Scope 3 decarbonization efforts with clearer and more accurate supply chain carbon data. According to EcoVadis, the new partnership forms part of its efforts to build its Carbon Data Network (CDN), a data exchange launched…
Aviva Investors Appoints Luciano Lilloy as Head of Sustainable Equities
Aviva Investors, the global asset management business of Aviva plc, announced the appointment of Luciano Lilloy to the newly created position of Head of Sustainable Equities. Lilloy joins the firm from sustainable transition-focused investor Impax Asset Management, where he most recently served as Portfolio Manager, co-managing over $10 billion in sustainable, thematic equities. In his new role, Lilloy will play…
Hong Kong to Expand Sustainable Finance Taxonomy with New Climate Mitigation, Adaptation, Transition Activities
The Hong Kong Monetary Authority (HKMA), Hong Kong’s central banking institution, announced the release of its draft “Phase 2A” of the Hong Kong Taxonomy, with proposals to expand its sustainable finance and investment classification system to include a series of new climate mitigation and adaptation categories, and additional activities targeting the low-carbon transition of hard-to-abate sectors. The proposed update follows…