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Third of Carbon Credits Lack Stamp of Approval

As the ICVCM attempts to restore trust, renewable energy project methodologies fail to align with high-integrity criteria.  The Integrity Council for the Voluntary Carbon Market (ICVCM) has called on carbon crediting programmes to raise the bar and redesign their methodologies for renewable energy projects to ensure high integrity and quality.  The ICVCM recently announced that carbon credits issued under eight existing…

ESG Today: Week in Review

ESG Today: Week in Review

This week in ESG news: SEC launches court defense of its climate disclosure rules; UK to introduce law to regulate ESG ratings providers; MUFG launches new sustainable finance framework; ICVCM rejects a third of voluntary carbon credits; EU publishes FAQ to help companies implement new CSRD sustainability reporting rules; Citi launches sustainable supply chain finance program with IFC; PwC appoints…

Iberdrola Raises $525 Million in Green Bond Offering to Invest in U.S. Network

Iberdrola Raises $525 Million in Green Bond Offering to Invest in U.S. Network

Global energy and electricity provider Iberdrola announced that its has raised $525 million in a new green bond issuance through its U.S. business Avangrid’s subsidiary New York State Electricity and Gas, with proceeds aimed at boosting the company’s U.S. network business. According to Iberdrola, demand for the 10-year offering was strong at more than $2 billion, enabling the company to…

Take Five: Falling Flat

A selection of the major stories impacting ESG investors, in five easy pieces.  Anti-ESG proposals rocket in number but gather limited support, Kamala Harris picks a climate-friendly running mate, and the SBTi board backtracks on carbon offsetting. Anti-ESG proposals on the rise – Much has been made of the ESG backlash, particularly in the US. But how big is it…

Microsoft Partners with Pivot Energy to Develop Community Solar Projects to Help Tackle Scope 3 Emissions

Microsoft Partners with Pivot Energy to Develop Community Solar Projects to Help Tackle Scope 3 Emissions

Renewable energy provider Pivot Energy announced a five-year agreement with Microsoft to develop up to 500 megawatts (MWac) of community-scale solar energy projects across the U.S. Through the agreement, Microsoft will match customer electricity usage with new renewable electricity generation, supporting its efforts to reduce Scope 3 emissions. Growing Scope 3 emissions have emerged as a major challenge to Microsoft’s…

Top Technologies for Water Management

Rebecca Schlagenhauf, Principal at Baird Capital, makes the case for investing in solutions for water quality and scarcity.  The world is facing an escalating water crisis, with water scarcity impacting billions of people globally. According to UNICEF, nearly two-thirds of the world’s population, or four billion people, experience severe water scarcity for at least one month each year. By 2025,…

Making an Impact: SDGs and ESG

Gavin Smith, Head of Equity Research and Sustainable Investing at PGIM Quantitative Solutions, argues a balance can be struck between investing in line with values and financial performance.  Financial returns have always been the primary objective for institutional investors. Increasingly, however, they are also rightfully considering the means by which these returns are generated, expressing concerns about investing in companies…

A Less Fragmented Approach

The UN must bring about greater international cooperation to realise Paris goals, according to Antoine Rostand, President and Co-founder of Kayrros.  As the leading global authority on the climate, the UN has played an outsized role in pushing countries to address climate change. The most well-known act in this respect was the creation of the Paris Agreement, the aim of…

JERA Nex Enters U.S. Solar Market with 395 MW Acquisition

JERA Nex Enters U.S. Solar Market with 395 MW Acquisition

Renewable energy company JERA Nex announced the acquisition of two U.S. solar projects, totaling 395MW from Lightsource bp, marking the new company’s entry into the U.S. solar market. JERA Nex was launched in April by Japan’s largest power generation company, JERA, with a mandate to develop, invest, own and operate renewable energy assets, including offshore and onshore wind and solar,…

SEC Defends its Climate Disclosure Rule in Court

SEC Defends its Climate Disclosure Rule in Court

The U.S. Securities and Exchange Commission launched a defense in court of its new climate reporting rule, arguing that the proposed disclosures in the rule provide “information directly relevant to the value of investments,” and that it is within the Commission’s authority to mandate climate risk disclosures. In a brief filed this week with the U.S. Eighth Circuit Court of…