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Fiduciary Duty’s Blurred Lines

UK pension shake-up a chance to clarify boundaries of sustainable investment, but not everyone is in favour of reform.  UK Pensions Minister Torsten Bell says that the government will come out with new draft pensions legislation before Parliament’s summer recess.  Advocacy groups think that this could be a great opportunity to provide clarity over the compatibility of sustainable investments with…

Market Incentives to Drive EU Taxonomy Reporting 

As the death knell sounds for mandatory disclosure, European investors still want to avoid data shortfall.  Proposed changes to the EU’s sustainability reporting rules could see well in excess of 80% of previously in-scope companies no longer having to report against the taxonomy.  This has disappointed many sustainability-focused investors who need to ensure their portfolios are aligned with Europe’s taxonomy…

Guest Post – Interoperability: The Missing Link in Global Sustainability Efforts

Guest Post – Interoperability: The Missing Link in Global Sustainability Efforts

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…

Calls for updated Modern Slavery Act amid claims of ‘superficial statements’

This year marks the 10th anniversary of the introduction of the Modern Slavery Act 2015, designed to regulate and address the issues of modern-day slavery in business operations and their global supply chains. The Act was genuinely world-leading in 2015, said Dame Sara Thornton, consultant in modern slavery at CCLA Investment Management: “The requirement for companies to report on modern…

Calls for updated Modern Slavery Act amid claims of ‘superficial statements’

This year marks the 10th anniversary of the introduction of the Modern Slavery Act 2015, designed to regulate and address the issues of modern-day slavery in business operations and their global supply chains. The Act was genuinely world-leading in 2015, said Dame Sara Thornton, consultant in modern slavery at CCLA Investment Management: “The requirement for companies to report on modern…

Calls for updated Modern Slavery Act amid claims of ‘superficial statements’

This year marks the 10th anniversary of the introduction of the Modern Slavery Act 2015, designed to regulate and address the issues of modern-day slavery in business operations and their global supply chains. The Act was genuinely world-leading in 2015, said Dame Sara Thornton, consultant in modern slavery at CCLA Investment Management: “The requirement for companies to report on modern…

Nordea AM reviews fund names following new ESMA sustainability rules

Nordea AM reviews fund names following new ESMA sustainability rules

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…

Data Gaps Hinder Investor Action on Physical Climate Risks

Recent report sets four asks to improve risk disclosure and analytics in portfolios targeting data providers and companies. Investors are being prevented from effectively integrating physical climate risk analysis into their portfolios by shortcomings in data, methodologies, and company disclosures, according to an asset owner and asset manager-led report. The report – compiled by UBS Asset Management, UK-based workplace pension…

Lululemon Partners with Biotech Company ZymoChem to Scale Use of Sustainable Materials in Products

Lululemon Partners with Biotech Company ZymoChem to Scale Use of Sustainable Materials in Products

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…

Fidelity International Raises Over $330 Million for Climate-Focused Real Estate Fund

Fidelity International Raises Over $330 Million for Climate-Focused Real Estate Fund

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,…