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Day 3 of New York Climate Week

Day 3 of New York Climate Week

Hey everyone! Luke (CCO) here writing about  New York Climate Week! Entering the third day here in New York, we started off listening to two juxtaposing sentiments – there are countless tech solutions available to public and private enterprises today, to get going with decarbonisation. This means focusing on the type of power you are using for your own operations and…

EU Commission Proposes Carbon Footprint Labels for Flights

EU Commission Proposes Carbon Footprint Labels for Flights

The European Commission announced today the launch of a consultation on a new proposed EU Flight Emissions Label (FEL), an initiative which aims to provide passengers with information about their flight’s carbon footprint. The FEL forms part of the EU’s RefeulEU Aviation regulations, adopted last year and aimed at decarbonizing aviation. Under the initiative, passengers will be able to see…

Asset Owners on 1.5°C Pathway Despite Lack of Policy Support

Net Zero Asset Owner Alliance marks five years of decarbonisation progress with call for systemic interventions from governments.   Members of the UN-convened Net Zero Asset Owner Alliance (NZAOA) have reduced their absolute financed greenhouse gas emissions by more than 6% on average annually, bringing signatories in line with limiting global warming to 1.5°C. To make further progress, the alliance has…

Italy Launches Greenwashing Investigation into Shein Environmental Claims

Italy Launches Greenwashing Investigation into Shein Environmental Claims

The Italian Competition Authority announced that it has launched a investigation into global fashion online retailer Shein’s website operator Infinite Styles Services Co over possibly misleading advertising claims made on the site regarding the environmental sustainability of Shein branded clothing. According to the regulator, the investigation is focused on the possible misleading nature of environmental claims in several sections of…

Stewardship Central to CalSTRS’ Emissions Mission

US pension fund’s selection of ESG-tilted Nordea fund to manage US$450 million of equity investments highlights integration and engagement priorities. The essential role of engagement in the California State Teachers’ Retirement System‘s (CalSTRS) approach to reducing greenhouse gas (GHG) emissions in its investment portfolio is increasingly reflected in its manager choices. Earlier this month, CalSTRS, the world’s largest educator-only pension…

Schneider Electric Launches Building Decarbonization Planning Tool

Schneider Electric Launches Building Decarbonization Planning Tool

Energy and automation digital solutions provider Schneider Electric announced today the launch of its new Building Decarbonization Calculator, designed to enable building owners and operators to quickly test and explore a range of energy and carbon conservation measures (ECCMs). Buildings are a key source of global greenhouse gas (GHG) emissions, and also one of the hardest to replace, given their…

Masdar Acquires Renewables Developer Saeta from Brookfield for $1.4 Billion

Masdar Acquires Renewables Developer Saeta from Brookfield for $1.4 Billion

UAE-based clean energy-focused developer Masdar announced plans to acquire renewable power company Saeta Yield from Brookfield Renewable together with its institutional partners, for an implied enterprise value of US$1.4 billion. The closing of the transaction is subject to customary approvals, and is expected to occur around the end of 2024. Based in Madrid, Spain, Saeta is an independent developer, owner…

More than Two Thirds of Asset Owners Say ESG Factors Have Become More Material: Morningstar Survey

More than Two Thirds of Asset Owners Say ESG Factors Have Become More Material: Morningstar Survey

Over two thirds of asset owners report that ESG has become more material to their investment process, as a greater share of assets is being invested in strategies that take ESG factors into account and asset owners increasingly set up dedicated ESG teams, according to a new survey released by investment research firm Morningstar. For the report, Voice of the…

Cleantech Startup Ayrton Energy Raises $7 Million to Tackle Hydrogen Transport and Delivery Challenges

Cleantech Startup Ayrton Energy Raises $7 Million to Tackle Hydrogen Transport and Delivery Challenges

Ayrton Energy, which is developing advanced methods for the transport of liquid hydrogen, has secured a $6.8 million seed round investment to advance its liquid organic hydrogen carrier (LOHC) technology. The company said that it will leverage the financing to scale its proprietary technology, double the size of its team, and expand operations into energy hubs in the US. Hydrogen…