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Short-term Emissions Reduction Targets “Crucial”

Investors seek enhanced capital allocation disclosure after CA100+’s latest benchmark highlights a decrease in short-term target-setting.  High-emitting companies have been urged to set ambitious short-term decarbonisation targets which support their long-term net zero goals, following a dip in the number doing so.  The latest round of company assessments against investor-led engagement initiative Climate Action 100+’s (CA100+) Net Zero Company Benchmark noted…

Companies Hoard Trove of Ocean Data

The private sector is lagging public entities on transparency, with investors urged to push for greater access.   Despite an increase in regulations mandating corporate disclosures of sustainability-related risks, investors have a far from complete picture of the depth of their portfolio holdings’ negative impacts on the ocean.  According to Kimberly Mathisen, CEO of non-profit HUB Ocean, private sector companies in…

UK National Audit Office Publishes Overview of New Government’s approach to Environment and Climate Change

On 15 October, the UK’s independent public spending watchdog (the National Audit Office or NAO) published its overview of the Government’s approach to the three areas of environmental improvement, net zero and climate change adaptation. The report provides a high-level critique of Government programmes to date on these three interrelated areas emphasising the scale of the policy challenges and setting…

ICE, Dun & Bradstreet to Launch Climate Data Solution for Public and Private Companies

ICE, Dun & Bradstreet to Launch Climate Data Solution for Public and Private Companies

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 Signs Ocean-Based Carbon Removal Deal with Ebb Carbon

Microsoft Signs Ocean-Based Carbon Removal Deal with Ebb Carbon

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…

Article 8, Greenwashing and Transparency

Fabio Poli, Business Development Manager at RiverRock European Capital Partners, explains how innovative use of data and technology is supporting ESG integration.  In recent years, the integration of ESG factors has become a central theme for investors and asset managers globally. However, the practical application of these practices, particularly in the context of the EU’s Sustainable Finance Disclosure Regulation (SFDR),…

Carbon Ridge Raises $9.5 Million to Advance Maritime Shipping Decarbonization Technology

Carbon Ridge Raises $9.5 Million to Advance Maritime Shipping Decarbonization Technology

Cleantech startup Carbon Ridge announced that it has raised $9.5 million in a funding round with proceeds aimed at advancing its low cost, modular carbon capture solution to help decarbonize the maritime shipping sector. Maritime shipping accounts for approximately 3% of global greenhouse gas (GHG) emissions, and is a key focus area for companies looking to address their “Scope 3”…

It’s Time to Target the Super-emitters

Antoine Halff, Co-founder of Kayrros, says data-driven enforcement should be used to eliminate massive methane dumps. It’s worth remembering that change takes time. That is the unexciting reality of progress: it is often more a question of hard work, organisation and patience than exuberance. And this is as true for climate action, despite our urgent need to find solutions, as…

KKR Acquires $3.2 Billion Stake in Eni’s Sustainable Mobility Business

KKR Acquires $3.2 Billion Stake in Eni’s Sustainable Mobility Business

Alternative asset and private equity investor KKR announced the acquisition of a 25% stake in Enilive, the mobility transformation and biofuels-focused business of Italian energy company Eni, for €2.94 billion (USD$3.2 billion), valuing the unit at $12.8 billion. Eni launched the Enilive brand in 2023, with the goal of offering integrated services and products that are progressively decarbonized by 2050,…

Take Five: A Mountain to Climb

A selection of the major stories impacting ESG investors, in five easy pieces.  The first week of COP16 underlined the scale of the changes required to align finance flows with the Global Biodiversity Framework. In nature’s debt – COP16 opened on Monday amid widespread determination among its 23,000 delegates to accelerate action in support of the goals of the Global…