The impact of climate change-induced physical risk has worsened in intensity and frequency since the World Economic Forum’s Global Risks Report was launched in 2006. Extreme weather events are anticipated to become even more of a concern than they already are, with this risk being top-ranked in the 10-year risk list for the second year running in the WEF’s latest…
A2A Issues the First Green Bond Under New EUGB “Gold Standard”
Italian utility company A2A announced that it has raised €500 million (USD$521 million) in a new green bond offering, with the issuance marking the first by a European corporate issuer to use the EU’s new European Green Bond (EuGB) label. Adopted by the EU in November 2023, and taking effect last month, the EuGB regulation was launched by the European…
STMicroelectronics Signs 15-Year, 1.5 TWh Renewable Energy Purchase Deal with TotalEnergies
Semiconductor company STMicroelectronics announced that it has signed a Power Purchase Agreement (PPA) to buy renewable energy from French multinational TotalEnergies for manufacturing sites in France. The deal will see TotalEnergies provide STMicroelectronics with 1.5 terrawatts of power over the next 15 years. The renewable energy will be sourced from two recently completed wind and solar farms, operated by TotalEnergies….
Energizer Launches Plastic-Free Packaging for Batteries
Energizer Holdings, one of the world’s largest manufacturers and distributors of single use batteries, announced the introduction of 100% recyclable plastic-free packaging for its portfolio of Energizer batteries. According to Energizer, the new redesign addresses a major consumer desire for more renewable solutions, and marks a milestone in the company’s commitment to environmental stewardship. Lori Shambro, Executive Vice President and…
Euronext Adds Paris-Aligned Climate Index to CAC Benchmark Suite
European market infrastructure provider Euronext announced the launch of the CAC PAB Index, adding a climate-focused Paris Agreement aligned benchmark to its CAC Index suite. Indices that are labelled as Paris-aligned Benchmarks (PABs) under EU rules must meet criteria for asset selection that results in the index aligning with the long-term climate goals of the Paris Agreement. Criteria include a minimum…
Sustainable Fund Flows Rebound in Q4 2024, as Both European Inflows and U.S. Outflows Accelerate: Morningstar
Global sustainable investment fund flows rebounded sharply in the fourth quarter of 2024, as stronger flows into sustainable funds in Europe more than offset an increased pace of outflows in the U.S., although full year inflows overall remained well below 2023 levels, according to a new report released by ESG ratings, data, and research provider Morningstar Sustainalytics. For the quarterly…
A Step-by-Step Guide to Integrating Sustainability Metrics into Financial Reporting for Oil and Gas Companies
As sustainability continues to dominate corporate agendas, oil and gas companies are under increasing pressure to integrate sustainability metrics into their financial reporting. For sustainability managers, this is a complex task requiring a balance between regulatory compliance, investor expectations, and profitability. Here’s a step-by-step guide to help you navigate this process effectively.
Bond appetite nudges Article 8/9 AUM higher in Q4
Appetite for fixed income funds drove the highest inflows of the year into Article 8 funds in the final quarter of 2024, according to the latest SFDR update from Morningstar Sustainalytics. While it wasn’t a good year for equity funds in Article 8 and Article 9 funds, bond funds dominated flows particularly in the fourth quarter as investors sought the…