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Investors’ Worst Omnibus CSDDD Fears Realised

Watering down of the EU’s flagship sustainability due diligence law “strip it of any meaning”. The European Commission’s (EC) much publicised omnibus has confirmed sustainability investor’s worst anxieties, significantly scaling back the long-awaited Corporate Sustainability Due Diligence Directive (CSDDD). The EC’s omnibus package, published this week, presents an imminent threat to the bloc’s sustainability rules. It looks to reduce the…

Sector review: Responsible UK corporate bond funds

There have been many conversations about whether sustainable strategies can deliver competitive financial returns as well as sustainable outcomes. In the equities space, we have seen substantial differences between the performance of sustainable funds and traditional funds; this is mostly explained by the stylistic differences between the most prominent sectors across sustainable strategies, such as their quality growth bias or…

United Airlines Backs Carbon Removal Tech Company Heirloom

United Airlines Backs Carbon Removal Tech Company Heirloom

United Airlines announced that its United Airlines Ventures (UAV) Sustainable Flight Fund has made an investment in Direct Air Capture (DAC) company Heirloom, alongside an agreement for the right to purchase up to 500,000 tons of carbon dioxide removal to make sustainable aviation fuel. Launched in 2023, the UAV Sustainable Flight Fund invests in and supports startups focused on sustainable…

Harnessing the power of peer pressure

When I was 16, I bought a pair of Converse trainers.   For most people, today, this might not seem like a big thing but, back then, it was. It meant that I was the first person in our school year to branch away from the, then, accepted norm of wearing white Reebok Classics.    No one could understand why I would…

Schroders Greencoat launches energy infrastructure LTAF

Schroders Greencoat has received regulatory approval in the UK to launch the Global Energy Infrastructure Long-Term Asset fund (LTAF).  Offering exposure to energy transition infrastructure, the LTAF will be a feeder fund into the Schroders Capital Semi-Liquid Energy Transition fund, launched a year ago for defined contribution clients. The feeder fund expands exposure to UK wealth clients, after receiving approval from the…

‘Love it or hate it, Drax is a strategic national asset’

Drax is no stranger to being in the headlines. Last year, a report from the think tank, Ember, found its Selby power station – the largest power plant in the UK – produced four times more carbon emissions than the UK’s last remaining coal-fired plant in 2023, and was Britain’s single largest carbon emitter, despite taking more than £500m in…

Big Challenges for a Broader Tent

With climate-focused initiatives under pressure, how will GFANZ 2.0 contribute to net zero?  With cracks shaking the foundations of net zero alliances spanning asset management, insurance and banking, there is clear concern that the Glasgow Financial Alliance for Net Zero (GFANZ) as we know it is heading for the emergency exit. But the body’s plan to re-strategise doesn’t mean its…

Apple Shareholders Reject Proposal to Scrap Diversity Programs

Apple Shareholders Reject Proposal to Scrap Diversity Programs

Apple shareholders have voted against a resolution directing the company to end its Diversity, Equity and Inclusion (DEI) policies, although CEO Tim Cook acknowledged that the company may need to adjust its diversity practices to fit a shifting legal landscape in the U.S. The vote could be seen as an indication that shareholders may not ubiquitously support an expanding series…