By: Ian Stannard, ICE Sustainable Finance ICE’s research on identifying and quantifying potential Avoided Emissions has highlighted how climate opportunities can be found in unlikely sectors and companies outside of the obvious candidates. Our approach, highlighted in a Whitepaper by ICE and EcoFin Investors, aims to help investors not only manage climate risks, but also identify investment opportunities (See Making…

Morgan Stanley revealed the introduction of a new range-based approach to its financed emissions reduction targets, introducing a new lower band to reflect the fact that the global economy and policy is not currently on track to with the ambition to limit the global temperature increase to 1.5°C above pre-industrial levels, which was the basis of its prior targets. In…

UK-based assets manager M&G and its Zurich-based impact investing unit responsAbility Investments announced the launch of the M&G responsAbility Sustainable Solutions Bond Strategy, a new fund aimed at investing in investment grade corporate bonds supporting companies or projects contributing to a series of environmental and social objectives. According to the firms, the development of the new fund comes “in response to…

This week in ESG news: EU carbon pricing scheme funds over $5 billion of decarbonization projects; MSCI appoints new head of climate and ESG business; Hong Kong banks told to disclose climate risks, target net zero lending; SEC charges WisdomTree for not following sustainability criteria in ESG funds; Morgan Stanley signs DAC carbon removal agreement; Mercedes-Benz launches closed loop battery…

ESG scores and ratings are similar concepts used to evaluate a company’s performance in environmental (E), social (S), and governance (G) factors. Scores are numerical values (like 1-10), while ratings are letter-based grades (like A-F). Both aim to assess a company’s overall ESG performance and its performance in specific areas. A shift towards the low carbon economy is increasingly inducing…

Financial technology and data services provider and exchange operator Intercontinental Exchange (ICE) and business data and analytics provider Dun & Bradstreet announced plans to launch a new climate risk data offering for privately-held companies globally. Covering millions of public and private companies around the world, the new solution will provide transition risk data, including Scope 1, 2 and 3 greenhouse…

Microsoft announced a new agreement for the removal of up to 350,000 tonnes of CO2 from the atmosphere over ten years with marine carbon dioxide removal (mCDR) provider Ebb Carbon. Founded in 2021 by former Tesla, SolarCity, and Google X executives, Ebb Carbon provides a solution aimed at enhancing the natural ability of the ocean to store CO2, while improving…