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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

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…

Aligned Climate Capital Raises $85 Million for Clean Energy Venture Fund

Aligned Climate Capital Raises $85 Million for Clean Energy Venture Fund

Decarbonization-focused investment firm Aligned Climate Capital announced that it has raised $85 million at the final close of its second venture fund, Aligned Climate Fund 2 LP (ACF2), targeting investments in clean energy and decarbonization solutions. The fund, which is twice the size of Aligned’s first fund, invests in companies at the Seed through Series B stages, that are scaling…

Policy Digest: March 2025

INTERNATIONAL    SBTi postpones revision of Corporate Net Zero Standard   The SBTi has postponed the release of the Corporate Net Zero Standard and will first hold a public consultation on its revised version. Expert Working Groups are developing the standard, focusing on key areas such as Beyond Value Chain Mitigation (BVCM), Scope 2 and 3 emissions, Carbon Dioxide Removal (CDR),…

Senate Republicans Launch Legislation to Shield U.S. Companies from EU Sustainability Due Diligence Rules

Senate Republicans Launch Legislation to Shield U.S. Companies from EU Sustainability Due Diligence Rules

U.S. Senator and Senate Banking Committee member Bill Hagerty announced the introduction of the “PROTECT USA” Act, proposing new legislation aimed at shielding U.S. companies from having to comply with the EU’s Corporate Sustainability Due Diligence Directive (CSDDD). The CSDDD sets out obligations for companies to identify, assess, prevent, mitigate, address and remedy impacts on people and planet – ranging…

FCA, PRA Drop Plans for New Diversity and Inclusion Rules

FCA, PRA Drop Plans for New Diversity and Inclusion Rules

UK financial regulators the Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority (PRA) announced that they have dropped plans to advance new rules aimed at boosting diversity and inclusion in the financial services sector. The announcements follow the launch by the FCA and PRA in September 2023 of a consultation into a series of rules to…

The gender lens: What needs to be done to bridge the investment gap?

As Charlotte Yonge sorted through boxes of her grandmother’s things this year, she found a pile of handwritten share records from the 1970s. It triggered a memory: when she was young, Yonge had always seen women as the ones who invested, as her grandmother had throughout her life. But as she grew older, Yonge realised she was relatively alone in…