Prospects for policy progress on systemic risks limited by narrow approaches and incomplete assessments, warns report ahead of COP29. Climate-related systemic risk will not be properly reflected by financial markets until governments ensure both real economy and financial sector policies support climate alignment, recent research suggests. Speaking at a webinar discussing research conducted by the Organisation for Economic Co-operation and…
Archer Lands up to $500 Million Purchase Deal for Electric Aircraft in Japan
Aviation electrification company Archer announced a new agreement with Japan Airlines (JAL) and Sumitomo Corporation air mobility-focused joint venture Soracle, including an intended purchase of up to 100 electric aircraft for approximately $500 million. The agreement follows the launch earlier this year by JAL and Sumitomo of Soracle, aimed at establishing an electric vertical take-off and landing aircraft (eVTOL) company…
Aligning Capital to Ambitious Climate Goals
Asset managers’ net zero targets depend on governments living up to their commitments, says Rebecca Mikula-Wright, CEO of AIGCC and IGCC and NZAM Chair. As we approach COP29, which (roughly) coincides with the fourth anniversary of the Net Zero Asset Managers initiative (NZAM), it’s an excellent moment to reflect on progress and reaffirm the individual commitments of NZAM signatories to accelerating the transition to a net zero global…
Australia Regulator Pledges “Pragmatic” Approach to Enforcing New Sustainability Reporting Requirements
Corporate, markets, and financial services regulator the Australian Securities & Investments Commission (ASIC) announced the release of “Regulatory Guide 000 Sustainability Reporting,” a new draft guide on Australia’s new sustainability reporting regime and on how ASIC will administer the new reporting requirements. In a media release alongside the new proposed guidance, ASIC Commissioner Kate O’Rourke pledged that the regulator would…
Saint-Gobain, Boralex Sign 20-Year PPA Enabling Development of Three New Renewable Energy Projects in France
Construction materials and services company Saint-Gobain announced today that it has signed a 20-year renewable Power Purchase Agreement (PPA) with Quebec-based clean energy company Boralex, to provide wind and solar-based energy for Saint-Gobain’s industrial operations in France from three new renewable energy projects. According to the company’s the new agreement will enable two solar power plants and one wind farm…
NatureFinance Launches Tool Enabling Investors, Banks to Assess Portfolio Nature Impact
Green finance-focused not-for-profit organization NatureFinance announced today the launch of NatureAlign, a new tool designed to help financial institutions assess and progress on their alignment with nature-positive outcomes through the lens of the Biodiversity Plan (formerly the Kunming-Montreal Global Biodiversity Framework (GBF)). The first module of NatureAlign will help private financial institutions, from asset managers to banks, assess their baseline…