President Trump’s “bullying” tactics have prompted US-based firms to water down ESG commitments, while investors maintain support for DEI, fair voting rights, responsible tax. US-based tech firms’ close ties with the Trump administration are unlikely to discourage continued pushback and engagement from ESG-focused investors in the longer term. Tech firm oligarchs are currently benefitting from their relationship with US…
Business and Human Rights: UK’s new inquiry into forced labour in supply chains
Other authors: Kirsty Morris The House of Commons’ Joint Committee on Human Rights (the “Committee“) has launched a new inquiry to examine the UK’s current framework in relation to forced labour in international supply chains1. The Committee is seeking to establish if the current framework is effective in managing the risk of exposure to forced labour and whether it keeps…
Carney Eliminates Canada’s Consumer Carbon Tax
In his first act as Canada’s new Prime Minister, Mark Carney signed an order on Friday eliminating a controversial consumer carbon tax, the “fuel charge,” effective April 1, 2025. Introduced in 2019, the fuel charge aimed to introduce a price on carbon for businesses and consumers in order to incentivize emissions reductions and to adopt cleaner technologies and products. The…
ESG Today: Week in Review
This week in ESG news: CFA Institute drops “ESG” name from ESG investing course; battery giant hopeful Northvolt files for bankruptcy; Execs report higher revenue, lower cost from sustainability actions; U.S. politicians look to shield companies from EU sustainability laws; LEGO more than doubles use of sustainable materials; UK regulators drop plans for new DEI rules; Google to provide advertisers…
EU Parliament’s Omnibus Battlelines Emerge
Investors urged to speak out to avoid “highly politicised and bitter divide” thwarting ten years of hard-fought progress. Divisions within the European Parliament are becoming increasingly clear over the Commission’s (EC) proposed omnibus, with a decision needing to be made on whether to twist to the left or the right. The omnibus, unveiled at the end of last month, looks…
Take Five: Carney Holds the Cards
A selection of the major stories impacting ESG investors, in five easy pieces. Shifting dynamics in North America could offer an opportunity to keep climate on the global political agenda. Green credentials – Mark Carney’s elevation, last Sunday, to the role of Canadian Prime Minister has been largely characterised as a challenge to his southern neighbour, US President Donald Trump,…
AI and ESG: Part Two: Risk and Governance
Institutional investors need to grasp its E, S and G risks quickly to use and invest in AI effectively, says Lorenzo Saa, Chief Sustainability Officer of Clarity AI. The potential rewards of AI are enormous, but they do not come risk-free. Just as smoke alarms safeguard our homes, the modern economy needs to install early warning systems and guardrails that…
Rio Tinto Signs Solar and Storage Deal to Power Aluminum Operations
Mining giant Rio Tinto announced a new deal with renewable energy firm Edify Energy to supply reliable low-carbon electricity to power aluminum production operations in Queensland, Australia. Rio Tinto is one of the world’s biggest producers and processors of iron ore, copper, aluminum and a range of other minerals and materials. The company has committed to reduce its operational Scope…
European Business at Risk from Omnibus
Despite concerns, Richard Howitt, one of the architects of the EU’s non-financial disclosure rules, sees opportunities as the package moves into co-decision. From whichever angle one views things, attempts by the European Commission (EC) to streamline its sustainable finance disclosure rules look like bad news for investors. The proposal significantly reduces the scope of companies caught by the Corporate Sustainability…
PSF Spotlights 34% Green Capex Growth
Taxonomy-aligned capital expenditures (capex) from large listed European companies grew 34% in 2023, reaching €250 billion (US$271 billion) by year end, according to a new report from the Platform on Sustainable Finance (PSF). Half of this was directed toward enabling activities, while transitional activities accounted for 11% of the total (double the previous year). According to the report, debt financing…