BNP Paribas Asset Management (BNPP AM) announced that it has raised €172 million (USD$179 million) at the final close of its BNP Paribas Solar Impulse Venture Fund (BNPP SIVF), surpassing the initial target size for the fund focused on investing in innovative cleantech startups with positive environmental impact and supporting the acceleration of ecological transition. Founded in 2021 through an…
Microsoft and nature-based climate solutions startup re.green announced a new agreement, the second between the companies, expanding their collaboration to restore forests in Brazil to cover an area three times the size of the city of Paris, with Microsoft purchasing carbon removal offtakes from the projects totalling 6.5 million tons. Microsoft and re.green signed their initial agreement in May 2024,…
ESG data and ratings providers and other initiatives are overly focused on direct lobbying, with full spectrum of practices slipping under the radar. Investor efforts to tackle corporate advocacy activities are getting limited help from tracking solutions, according to non-profit The Good Lobby. The Good Lobby Tracker scores ESG data and ratings providers, sustainability reporting standards, and other initiatives on…
The US Climate Alliance, a net zero-focused group of 24 U.S. state governors, announced the publication of a letter to UN Climate Change Executive Secretary Simon Stiell, indicating that they plan to remain committed to the U.S.’ Paris Agreement goals, despite President Trump’s announced withdrawal from the international climate accord. The letter, signed by Alliance co-Chairs New York Governor Kathy…
Over half of investors surveyed in Fidelity International‘s Professional Investor DNA Survey still consider environmental, social and governance (ESG) factors as important when it comes to portfolio asset allocation over the next 18 months. In partnership with Crisil Coalition Greenwich, Fidelity’s survey sought the opinions of over 120 institutional investors and intermediary distributors across Europe and Asia, on investor appetite for…
In the ever-evolving corporate landscape, sustainability is no longer a peripheral concern, it’s a central pillar of long-term business strategy. For Sustainability Managers, the challenge is clear: integrate sustainability into the core of your organisation’s operations while demonstrating its value to shareholders. But how do we ensure that sustainability accounting not only supports long-term corporate strategy but also drives shareholder…