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NextEnergy Raises $950 Million for Newbuild Solar Fund

NextEnergy Raises $950 Million for Newbuild Solar Fund

Solar developer NextEnergy Group’s investment management arm NextEnergy Capital announced that it has raised a total of £733 million (USD$949 million) for NextPower UK ESG, its fund dedicated to new solar and energy storage facilities. Launched in December 2021, NextPower UK ESG focuses on utility-level solar assets in the UK, and has already deployed over 70% of its committed capital…

Omnibus Data Dearth Threatens Competitiveness

Reduced CSRD scope risks making high quality, comparable and reliable sustainability data harder to access and damaging confidence in investments. The European Commission’s (EC) pursuit of increased competitiveness by simplifying its sustainable finance rules through the proposed omnibus package poses a threat to the growth of ESG-related data for investors. The EC has stated that the omnibus’ cutting red tape…

Omnibus Data Dearth Threatens EU Competitiveness

Reduced CSRD scope risks making high quality, comparable and reliable sustainability data harder to access and damaging investor confidence. The European Commission’s (EC) pursuit of increased competitiveness by simplifying its sustainable finance rules through a proposed omnibus package poses a threat to the availability of ESG-related data to investors. The EC has stated that cutting red tape and simplifying rules…

NatureMetrics launches biodiversity and land management tool

NatureMetrics has launched its latest tool to support businesses and organisations in their land management decisions and biodiversity reporting needs. Habitat Insights is a geospatial tool designed to help businesses gain a rapid assessment of terrestrial habitats across their portfolio without the need for on-the-ground monitoring. This includes running assessments of complex, hard-to-reach terrestrial sites; tracking the impact of industrial…

Q&A with Insight Investment’s Soens: PCAF carbon footprint guidance represents ‘meaningful progress’

Proposed guidance published as part of a public consultation on the Global GHG Accounting and Reporting Standard by the Partnership for Carbon Accounting Financials (PCAF) could affect how carbon footprints are recorded across bond and equity portfolios.  Representing “meaningful progress” toward a standardised approach, the guidance has implications not just for green bond holdings but for the carbon footprint of…

Q&A with Impact Investments’ Soens: PCAF carbon footprint guidance represents ‘meaningful progress’

Proposed guidance published as part of a public consultation on the Global GHG Accounting and Reporting Standard by the Partnership for Carbon Accounting Financials (PCAF) could affect how carbon footprints are recorded across bond and equity portfolios.  Representing “meaningful progress” toward a standardised approach, the guidance has implications not just for green bond holdings but for the carbon footprint of…

Due Diligence Needed by Europe’s New Defence Investors

Ensuring increased private finance flows across the EU and UK hinges on mitigation of ethical, environmental and social concerns.  European governments looking to tap responsible investors for defence funding have been urged to introduce rules addressing likely exposures to ESG-related harms.   The need for NATO members to scale defence spending has heightened in recent weeks. US President Donald Trump demanded…

Supercritical Raises $18 Million to Scale Low-Cost Green Hydrogen Solution

Supercritical Raises $18 Million to Scale Low-Cost Green Hydrogen Solution

Green hydrogen startup Supercritical Solutions announced that it has raised £14 million (USD $18 million) in a Series A investment round, with proceeds to be used to advance its low-cost electrolyzer technology aimed at decarbonizing the hard-to-abate chemicals and fuels industries. Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly…

Standard Chartered Issues $1 Billion Social Bond to Fund Sustainable Development in Emerging Markets

Standard Chartered Issues $1 Billion Social Bond to Fund Sustainable Development in Emerging Markets

UK-based multinational bank Standard Chartered announced that it has issued its first-ever Social bond, raising €1 billion (USD$1.1 billion) to support sustainable development in low-income countries across emerging markets where the bank is active. Proceeds from the bond issuance will be used to provide loans and financing to small and medium sized enterprises (SMEs), and finance access to services like…

CFA Institute Drops “ESG” Label from ESG Investing Certificate

CFA Institute Drops “ESG” Label from ESG Investing Certificate

Global investment professional association CFA Institute will be dropping the “ESG” term in its “Certificate in ESG Investing”, renaming it as the “Sustainable Investing Certificate,” according to messages sent to certificate-holders seen by ESG Today. The name change comes as the “ESG” label has become politically charged, particularly in the U.S. over the past few months since the election of…