The gender pay gap across European financial services boardrooms increased from 31% to 36% between 2019 and 2023 despite a rise in remuneration for women non-executive directors, according to the latest EY European Financial Services Boardroom Monitor. EY compared the renumeration rates between North America and Europe, and found non-executive directors working for European financial firms have a larger gender…
Apollo, Standard Chartered Launch $3 Billion Energy Transition Financing Partnership
Global alternative investment manager Apollo and UK-based international banking group Standard Chartered announced today the launch of a new strategic partnership focused on accelerating financing for infrastructure, clean transition and renewable energy globally. The new initiative follows the launch by Apollo in 2023 of Apollo Clean Transition Capital (ACT Capital), an investment strategy aimed at investing in companies to provide…
NatureMetrics Raises $25 Million to Scale Biodiversity Monitoring and Reporting Platform
UK-based biodiversity measurement and monitoring solution provider NatureMetrics announced that it has raised $25 million in a Series B funding round, with proceeds to be used to enhance its nature data platform, expand its international reach, and scale its solution to meet the increasing data requirements of its corporate and conservation customers. Founded in 2014, NatureMetrics provides solutions enabling companies…
Meta Ramps Texas Renewable Energy Purchases with Engie to 460 MW
Engie North America, part of the France-based Engie Group, announced a new renewable energy supply deal with social media giant Meta with renewable energy. Under the new Environmental Attributes Purchase Agreement (EAPA), Engie will provide 200 MW of renewable energy and associated environmental attributes to Meta from its Anson 2 solar project in Jones County, Texas. The facility is expected…
ERM Acquires Newfields’ Environmental Division
Sustainability consulting firm ERM announced an agreement to acquire the Environmental Division of NewFields Companies. According to ERM, the acquisition is aimed at expanding its offerings in remediation and environmental services, and enhancing its ability to help clients manage liabilities and risks. Atlanta-based NewFields is an environmental, engineering, and construction management consulting firm, and its Environmental Division provides consulting, site…
Sodali Appoints Andrew Benett as New CEO
Global shareholder services advisory firm Sodali announced today the appointment of Andrew Benett as its new CEO. Bennet joins Sodali from global professional services firm PwC, where he served as a Partner for the firm’s Corporate Strategy and Sustainability Strategy Consulting businesses, including as Lead US Partner for all Sustainability Consulting GTM activities across the firm. His prior senior management roles…
Schroders Wins $6.3 Billion Sustainable Investing Mandate from SJP
Global investment manager Schroders announced that it has been awarded a £5.2 billion (USD$6.3 billion) sustainable investment mandate by UK wealth manager St. James’s Place (SJP), as the new manager of the SJP Sustainable & Responsible Equity fund. The announcement forms part of a series of changes by SJP to the fund, including an increased focus on sustainability, which SJP…