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Schneider Electric Appoints Julien Picaud to Lead New Agentic AI Sustainability Ecosystem Initiative

Schneider Electric Appoints Julien Picaud to Lead New Agentic AI Sustainability Ecosystem Initiative

Energy and electrification advisory, services, and software solutions provider Schneider Electric announced the launch of a new multi-year initiative aimed at building an AI-powered ecosystem for sustainability and energy management. The company said that it has hired sustainability solutions veteran Julien Picaud as Head of Product Management to lead the new initiative According to Schneider Electric, the new initiative is…

EU Nearly on Track to Hit 2030 Climate Goals

EU Nearly on Track to Hit 2030 Climate Goals

The European Commission issued a new report today, assessing the energy and climate plans of EU member states, revealing that the EU is very nearly on track to hit its climate and energy targets, including its goal to cut greenhouse gas (GHG) emissions by 55% by 2030, compared to 1990 levels. According to the report, the Commission’s assessment of the…

Most asset managers still missing the mark on SFDR engagement disclosures

Research published by ShareAction has revealed that while some of Europe’s largest asset managers are making credible progress in their sustainability disclosures, many still fall short of providing instructive information on how they manage the negative environmental and social impacts of their investments.  The research assesses how 30 leading asset managers based in, or operating within the EU disclose their…

Beginning or ending with governance

In its 2023 Sustainability Disclosure Requirements and Investment Labels regulations, the Financial Conduct Authority (FCA) came to an interesting conclusion: “We have said that governance is an enabler of environmental and/or social outcomes, rather than an end in itself. So, products investing in assets with good governance alone would need to do more to qualify for a label.” At the…

Investors moving from a generalist to a more sophisticated approach to ESG

Investors are increasingly allocating capital to specific themes or regions to help identify opportunities for impact and alpha, and focus their expertise on generating better outcomes, according to the fifth edition of BNP Paribas’ biennial ESG study. The study – Industry Survey: Institutional Investors Leading the Way – captures the views of 420 asset owners, asset managers and private capital firms,…

Clean Energy Producer Solveo Raises €98 Million

Clean Energy Producer Solveo Raises €98 Million

French renewable energy producer Solveo Energies announced that it has raised €98 million (USD$111 million) in a new financing round, with proceeds from the financing aimed at accelerating the development of wind and solar projects that will help contribute to France’s carbon neutrality goals. Founded in 2008, Solveo works with local resources and partners to develop, finance, build and operate…

TotalEnergies Commissions its Largest Solar Project in Europe

TotalEnergies Commissions its Largest Solar Project in Europe

France-based energy giant TotalEnergies announced that it has inaugurated its largest solar power plant cluster in Europe, consisting of five projects near Seville, Spain, with a total installed capacity of 263 MW. According to TotalEnergies, the new solar projects will produce 515 GWh per year of renewable electricity, equivalent to the consumption of over 150,000 Spanish households. The company added that…