Vanguard, one of the world’s largest investment managers, released its updated proxy voting policy for U.S. portfolio companies, which included less prescriptive language on board diversity expectations for companies. While the updated policy guide includes a similar explanation to prior years that Vanguard “look for boards to be fit for purpose by reflecting sufficient breadth of skills, experience, perspective, and…
Paris-area public transport authority Île-de-France Mobilités announced that it has raised €1 billion in a new green bond offering, the first by a public entity to be issued under the European Green Bond (EuGB) Regulation. The offering marks continued early uptake of the new EuGB label, following the first €500 million corporate issuance earlier this year by Italian utility company…
A Scottish court ruling quashed approvals by the UK’s Oil and Gas Authority (OGA) for major oil and gas projects in the North Sea by Shell and Equinor, over the government’s failure to account for the climate impact of the use of fuels produced from the projects. While the ruling, provided by Lord Ericht, allowed work on the projects to…
This week in ESG news: EU pledges to simplify sustainability reporting laws; 10-state coalition warns major Wall Street firms over ESG policies; Moody’s predicts $1 trillion sustainable bond market despite political headwinds; Microsoft signs nature-based carbon removal megadeal; Switzerland targets 65% GHG emissions reduction by 2035; first-ever green bond issued under new EuGB ‘gold standard’; BlackRock launches first-ever “Sustainability Improvers”…
The energy transition is underway, and oil and gas companies are under increasing pressure to align their investment strategies with sustainability goals. From regulatory frameworks to stakeholder expectations, the impetus to integrate sustainability considerations into decision-making has never been greater. But how can companies practically align their investments with these objectives while maintaining profitability?
Microsoft and nature-based carbon removal startup Chestnut Carbon announced today a new 25-year offtake agreement, with Chestnut providing Microsoft with more than 7 million tons of nature-based carbon removal credits, generated from its forest projects in the Southern U.S. The deal marks the largest-ever voluntary corporate investment in conservation forestry in the U.S., according to Chestnut Carbon, restoring approximately 60,000…