Sovereign wealth funds (SWFs) are increasingly investing in the green energy transition as renewable energy tops climate investment priorities, according to a report by PwC. The report – Rethinking the role of long-term investors in the energy transition – published in collaboration with the International Forum for Sovereign Wealth Funds (IFSWF) and One Planet Sovereign Wealth Fund Network (OPSWF), looked…
SGS Launches New Suite of Climate and Energy Transition Services
Testing, inspection and certification company SGS announced today the launch of a series of new climate action services, aimed at supporting companies in their efforts to measure and reduce emissions, comply with new evolving climate regulations and transition to cleaner energy sources. The new climate services form part of SGS’ recently launched sustainability suite, IMPACT NOW. Announced in November, IMPACT…
Switzerland to Require Companies to Disclose 2050-Aligned Net Zero Roadmaps
The Swiss government announced the launch of a consultation on a series of new proposals to update its sustainability-related disclosure rules for companies, including a requirement for companies to provide plans to align with Switzerland’s net zero by 2050 climate target, and for climate-related reporting to be based on standards such as the ISSB or the EU’s ESRS. The proposals…
Single Standard Offers Progress on Mining’s ESG Risks
Panellists at ESG Investor’s Nature Data event identified need for guidance and action on artisanal mining, lobbying and Indigenous Peoples’ rights. Investors seeking to address the ESG risks in their mining investments have been urged to respond to a consultation on a consolidated sustainability standard developed by leading industry bodies. The Copper Mark, International Council on Mining and Metals (ICMM),…
Aviva Investors fined in Luxembourg for ESG administrative failings
Aviva Investors has been fined €56,500 by Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) for “persistent breaches” of their internal governance framework concerning five sub-funds classified as Article 8 under the EU’s Sustainable Finance Disclosure Regulation (SFDR). During an inspection that took place between 3 October 2022 and 11 May 2023, the CSSF found certain bonds held by the…
From red scares to green flares: Using CIA Cold War tactics to unmask impact laundering
While assembling resources for a training programme aimed at raising awareness of impact laundering and reporting misrepresentation, I explored historical intelligence methodologies to evaluate their applicability to today’s challenges. During this research, I inadvertently found some declassified CIA documents outlining techniques such as source verification, network analysis and detecting psychological manipulation. Surprising relevance of Cold War tactics Originally designed to…
BNPP AM supports energy transition with fund launch
BNP Paribas Asset Management (BNPP AM) has launched the BNP Paribas Low Carbon Transition Infra Equity fund, targeting €750m (£621m) in assets from institutional investors such as insurers, pensions funds and corporates. The fund is classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR). It aims to build a diversified portfolio of eight to 12 equity investments centred…
Ninety One UK Sustainable Equity fund to merge with global mandate
Ninety One has announced it will merge its UK Sustainable Equity fund with its Global Sustainable Equity fund in 2025, subject to shareholder resolution. The move will see a reduction in the number of UK equity funds the business will run from five to three, and means the UK Sustainable Equity fund will no longer exist in its current form….
Clean Energy Ventures Hires Charlotte Kirk to Expand Presence into Europe
Climate tech-focused venture capital investor Clean Energy Ventures (CEV) announced the appointment of Dr. Charlotte Kirk as Investment Principle for the launch of the firm’s European presence through its new London office. Founded in 2017, CEV invests in companies commercializing disruptive and capital-light advanced energy technologies and business model innovations that can reshape how energy is produced and consumed, and…
Holtara Launches New CSRD Compliance Platform
Holtara, the ESG solutions group of financial services and solutions provider Apex Group, announced today the launch of Holtara.io, a new advisory and solutions platform aimed at helping companies comply with the EU’s new Corporate Sustainability Reporting Directive (CSRD). The new platform comes as many companies are in the process of complying with the CSRD’s new sustainability reporting requirements. The…