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Carbon accounting models overestimate Scope 3 emissions by up to 2,480%

Carbon accounting models overestimate Scope 3 emissions by up to 2,480%

Traditional carbon accounting models are missing the mark on Scope 3 emissions estimation by up to 2,480%, according to analysis by climate intelligence firm Carbon Responsible. This has implications for asset valuation, regulatory and fiduciary compliance, asset selection and SBTi target validation, the firm said. Carbon Responsible’s study compared Environmentally Extended Input Output (EEIO) estimates to Ada, its AI-powered emissions…

Parmenion adds five funds to ESG portfolios

Parmenion adds five funds to ESG portfolios

Parmenion Investment Management has added five funds to its ESG portfolios. Among the changes, Parmenion has added the Schroder Global Sustainable Value fund to its Sustainable Growth product, while Sparinvest Ethical Global Value has been initiated into the firm’s Ethical Growth solution. The funds both invest in companies that are ESG leaders with a deep value bias, which Parmenion noted…

Federated Hermes closes two sustainable funds as portfolio manager exits firm

Federated Hermes has closed two funds within its sustainable fund line-up due to poor performance, while portfolio manager Ingrid Kukuljan has left the firm. The investment manager informed shareholders on 30 April that two of its funds – the Impact Opportunities Equity fund and the Biodiversity Equity fund – would close, effective from 3 June 2025. Kukuljan, who has led…