The U.S. Securities and Exchange Commission (SEC) announced that it has charged global asset manager Invesco for making misleading claims regarding its ESG-related investments, including overstating the proportion of assets under management that integrated ESG considerations. Invesco has agreed to pay a $17.5 million civil penalty to settle the SEC’s charges, while not admitting or denying the Commission’s allegations. According…

The world’s largest companies are increasingly setting goals to achieve net zero emissions in their own operations, and are ramping their use of a wide range of levers to hit their climate goals, while additions to emissions reduction goals encompassing the business’ wider value chains has stalled over the past year, according to a new study released by global professional…

This week in ESG news: Canada to require oil & gas industry to slash emissions; California’s climate reporting law survives legal challenge; Mizuho invests in climate solutions provider Pollination; new clean energy deals signed by H&M, Meta, Saint-Gobain; incoming EU finance Commissioner calls for sustainable investment labels, reduced SFDR reporting burden; UAE to invest $54 billion in clean energy transition;…

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…

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…

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…