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…
Morgan Stanley Signs Multi-Year Carbon Removal Deal with Climeworks
Zurich-based Direct Air Capture (DAC) carbon removal company Climeworks announced today that it has signed an agreement with Morgan Stanley to permanently remove 40,000 tons of CO2 through 2037. DAC technology extracts CO2 directly from the atmosphere for use as a raw material or permanent removal when combined with storage. According to Intergovernmental Panel on Climate Change (IPCC), scenarios that…
MSCI Appoints Richard Mattison as Head of Head of ESG and Climate
Investment data and research provider MSCI announced today the appointment of Dr. Richard Mattison as Head of ESG and Climate, responsible for leading the firm’s ESG and Climate product development and business strategy. Mattison joins MSCI after serving as President of S&P Global’s sustainability unit, Sustainable1, and as CEO of carbon and environmental data and risk analysis company Trucost, acquired…
Benchmark Gensuite Launches Solution Enabling Companies to Respond to ESG and EHS Data Requests
Environmental Health & Safety (EHS) and sustainability platform provider Benchmark Gensuite announced today the launch of Responsio, a new AI-based solution aimed at enabling organizations to meet increasing requests for ESG, sustainability, and EHS data. According to Benchmark Gensuite CEO R. Mukund, the new solution comes as “organizations are tasked with a growing number of ad-hoc ESG and EHS data…
EU Invests €4.8 Billion in Decarbonization Projects Funded Through Carbon Pricing System
The European Commission announced today that it has selected 85 decarbonization technology-focused projects to receive €4.8 billion in grants utilizing funds raised through its EU Emissions Trading System (EU ETS). Established in 2005, the European Emission Trading System puts a price on carbon emissions for key GHG intensive sectors, including electricity and heat generation, oil refineries, steel, cement, paper, chemicals,…
Saur Issues €550 Million Blue Bond to Fund Sustainable Water Investments
Water management and services provider Saur announced that it has priced its inaugural blue bond for €550 million to finance initiatives related to sustainable water management. Based in France, Saur operates in 20 countries, with services including providing drinking water, purifying wastewater, and developing water management infrastructure. The company is the first French corporate and first European water utility to…