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Petrochemical Groups Urged to Back Plastics Treaty

Major asset owners and managers call on oil and chemicals giants to stop lobbying against curbs on plastic production. A group of 70 global investors has called on the petrochemicals industry to stop blocking progress on reducing plastic pollution, after the sector successfully lobbied to be excluded from discussions over a global plastics treaty. The statement, published on Thursday by…

CLIMATE LITIGATION – THE GRANTHAM RESEARCH INSTITUTE ON CLIMATE CHANGE AND THE ENVIRONMENT PUBLISHES ITS 2024 GLOBAL TRENDS IN CLIMATE LITIGATION REPORT

According to the Grantham Institute’s 2024 Global Trends in Climate Change Litigation Policy Report (the “Report“) – which was published on 27 June 2024 – climate-related litigation against private sector actors continues to be on the rise. The Report highlights that over 230 climate-related lawsuits have been initiated against corporations and trade associations since 2015, with over two thirds of…

LGPS Support Augments UK Solar Fund

As institutional investors help further surpass fundraising target, NextEnergy Capital calls on Labour government to provide policy certainty and tackle grid connection challenges. Solar energy-focused asset manager NextEnergy Capital’s (NEC) UK-focused fund has exceeded its original fundraising target by 30% thanks to additional capital provided by local government pension schemes (LGPS), bringing total funds committed to £653 million (US$840.5 million)….

Amazon Hits 100% Renewable Energy Goal

Amazon Hits 100% Renewable Energy Goal

Amazon announced today that it has achieved its goal to power its global operations with 100% renewable energy, hitting the milestone in 2023, 7 years ahead of its initial target. Amazon first announced its clean energy goal in 2019, pledging to match all of the electricity consumed across its global operations, including data centers, corporate buildings, stores and fulfillment centers,…

GRESB Launches Transition Risk Analytics Solution for Asset Managers

GRESB Launches Transition Risk Analytics Solution for Asset Managers

Real estate and infrastructure-focused ESG data provider GRESB announced the launch of its new Transition Analytics solution, a new set of emissions and activity analytics aimed at helping asset managers and owners to manage transition risk, engage their portfolio companies with detailed insights, and meet environmental commitments and reporting requirements. According to the company, Transition Analytics provides users with a…

THE UK FOREST RISK COMMODITY REGULATION (“UKFRC”) ONE TO WATCH IN THE COMING YEAR

Deforestation is now the second leading cause of climate change globally, after burning fossil fuels, and is responsible for around 11% of all greenhouse gas emissions.  In the last 60 years more than half of tropical forests worldwide have been destroyed, reducing biodiversity and endangering rare species (see Fifth Special Report of Session – 2023-24:  The UK’s contribution to tackling…

THE UK FOREST RISK COMMODITY REGULATION (“UKFRC”) ONE TO WATCH IN THE COMING YEAR

Deforestation is now the second leading cause of climate change globally, after burning fossil fuels, and is responsible for around 11% of all greenhouse gas emissions.  In the last 60 years more than half of tropical forests worldwide have been destroyed, reducing biodiversity and endangering rare species (see Fifth Special Report of Session – 2023-24:  The UK’s contribution to tackling…

UK Government Appoints Chris Stark to Lead New Clean Energy Transition Team

UK Government Appoints Chris Stark to Lead New Clean Energy Transition Team

UK’s newly appointed Secretary of State for Energy Security and Net Zero, Ed Miliband, announced the launch of Mission Control for Clean Power 2030, a new initiative aimed at accelerating the UK transition away from fossil fuel and towards clean and locally generated energy. The government also announced the appointment of Climate Trust CEO and former Chief Executive of the…

Guest Post – When Companies Go Quiet: Exploring the rise of Greenhushing

Guest Post – When Companies Go Quiet: Exploring the rise of Greenhushing

By: Priyanka Bawa, Senior Analyst in the Verdantix ESG & Sustainability practice Despite more net zero targets being set than ever before, and more science-based targets being used to back them, 2022 research from South Pole shows that one in four businesses do not intend to talk about their science-aligned climate targets. In the world of sustainability communication, the following two points…

BlackRock Launches Decarbonization Voting and Engagement Policy for Climate-Focused Funds

BlackRock Launches Decarbonization Voting and Engagement Policy for Climate-Focused Funds

Investment giant BlackRock unveiled its new “Climate and Decarbonization Stewardship Guidelines,” setting out separate engagement and voting policies for investors specifically focused on the low carbon transition. The launch of the new policy may help BlackRock to navigate the complex pressures facing asset managers to meet growing demand to account for climate-related risk and opportunities in clients’ investment portfolios, while…