New resource recommends asset-based, as opposed portfolio-based, method for emissions assessments, urging investors to proactively overcome barriers. Supplementary guidance from the Institutional Investors Group on Climate Change (IIGCC) on assessing and reporting Scope 3 emissions across portfolios has encouraged investors to be targeted and pragmatic. Following the investor approaches to Scope 3 discussion paper published by the IIGCC in January,…
ADB Targets $100 Billion in Climate Finance by 2030
The Asian Development Bank announced the approval of a new roadmap aimed at helping the bank scale up support for key challenges facing Asia and the Pacific, including a new commitment to reach more than $100 billion in cumulative climate finance from 2019 to 2030, and for climate finance to reach 50% of its total annual committed financing volume by…
Australia Passes Law to Begin Mandatory Climate Reporting in 2025
Australia’s House of Representatives voted today to pass the Treasury Laws Amendment bill, including new introduce mandatory climate-related reporting requirements for large and medium sized companies, including disclosures on climate-related risks and opportunities, and on greenhouse gas emissions across the value chain, starting as soon as 2025 for the largest companies. The vote follows the approval of the bill in…
CSRD: A New Era for UK Corporate Sustainability
The Corporate Sustainability Reporting Directive (CSRD) is a landmark piece of EU legislation designed to enhance the transparency and comparability of sustainability information disclosed by companies. This directive, which will become mandatory for large UK businesses from 2025, aims to drive sustainable economic growth and combat climate change.
ESG Today: Week in Review
This week in ESG news: Microsoft launches new supplier decarbonization team for cloud and AI; competition for clean energy from data centers forces megaton carbon capture project out of state; EcoVadis acquires human rights analytics provider; ESMA report finds transition funds outpacing sustainability funds; Australia senate passes climate disclosure law; new sustainable investing products from BNP Paribas, Candriam, SEB, Robeco;…
BNP Paribas AM Launches New Japan and US Market ETFs with Active ESG Integration
BNP Paribas Asset Management (BNPP AM) announced the launch of two new ESG-integrated exchange-traded funds, BNP Paribas Easy Sustainable Japan UCITS ETF and BNP Paribas Easy Sustainable US UCITS ETF. The new funds form part of BNPP AM’s Easy Active Beta ETF range, its suite of funds that combine a traditional indexing approach with active integration of the firm’s proprietary…
Cleantech Startup Mantel Raises $30 Million to Scale Industrial Carbon Capture Solution
Carbon capture startup Mantel announced that it has raised $30 million in Series A funding round, with proceeds aimed at scale its technology to help address emissions in hard-to-abate industries. Founded in 2022 by Cameron Halliday, Danielle Rapson and Sean Robertson as a spin out from MIT’s Department of Chemical Engineering, Cambridge, Massachusetts-based Mantel is developing molten salt-based carbon capture…