More sophisticated use of the technology requires good data and risk management, according to Marsal Gavalda, Clarity AI’s Chief Technology Officer. Responsible investors are becoming braver in their use of artificial intelligence (AI), increasingly using the technology to pose complex questions across multiple entities, looking for industry-wide trends and assessing how these fit into wider decarbonisation goals. A recent survey…
Glass Lewis Speeds Up Stewardship Shift
Esgaia acquisition looks to deepen data expertise as investors seek greater voting and engagement support. Proxy voting services provider Glass Lewis intends to heighten its focus on stewardship, evolving its offering in Europe to meet escalating client demand for engagement and voting support. Earlier this month, Glass Lewis acquired technology platform Esgaia, which focuses on institutional-level investment stewardship data and…
Carbon Accounting and Reporting Software Provider Persefoni Raises $23 Million
Sustainability management software provider Persefoni announced today that it has raised $23 million in a Series C funding round, as the company plans to expand its product offerings and solutions. Founded in 2020, Persefoni offers software and AI-driven tools aimed at enabling companies and financial institutions to manage their carbon footprint and sustainability reporting, with capabilities including streamlined carbon footprint…
TotalEnergies, Equinor, Shell to Invest Over $700 Million to Expand Carbon Storage Project
Energy giants TotalEnergies, Equinor and Shell announced plans to invest NOK 7.5 billion (USD$714 million) to expand the Northern Lights carbon transportation and storage project in Norway, more than tripling the projects capacity from 1.5 million to more than 5 million tons of CO2 per year from 2028. The Northern Lights project, a joint venture between the companies, was launched…
SEC Drops its Defense of Climate Reporting Rules
The U.S. Securities and Exchange Commission (SEC) announced today that it has voted to end its legal defense of its climate disclosure rules, effectively walking away from its regulation requiring companies to report on climate risks and greenhouse gas emissions, without actually having to rescind the rules. In a statement announcing the Commission’s decision, SEC Acting Chairman Mark Uyeda, who…