ESG-labelled funds are facing increasing pressure on several fronts, while Article 9 withdrawals suffer record levels. Concurrent changes on ESG fund regulation devised by the European Securities and Markets Authority (ESMA) and the European Commission have multiplied compliance challenges for asset managers and the wider industry. In May, the European Commission published a summary report on a three-month 2023 consultation…
Blackstone Acquires Majority Stake in Renewable Energy-Focused E&C Firm Westwood
Alternative investment manager Blackstone’s energy-focused private equity business, Blackstone Energy Transition Partners, announced today the acquisition of a majority stake in renewables and power infrastructure-focused engineering and consulting firm Westwood Professional Services. Founded in 1972, Westwood is a professional engineering firm specializing in areas including wind energy, solar energy, energy storage, power delivery, EV infrastructure, commercial, institutional, residential, and public…
The LYCRA Company Sets 2030 Supply Chain Emissions Reduction Goal
Apparel and personal care fiber and technology solutions provider The LYCRA Company announced that the Science Based Targets initiative (SBTi) has approved its near-term, science-based Scope 1, 2, and 3 greenhouse gas (GHG) emissions reduction targets as aligning with a 1.5°C trajectory. The company’s goals include a new Scope 3 target to reduce absolute GHG emissions from purchased goods and…
Nuveen Climate Fund Invests $20 Million in e-waste Circularity Solutions Provider Onepak
Digital supply chain and reverse logistics provider Onepak announced that it has raised $20 million from the Private Equity Impact team at asset manager Nuveen, aimed at developing and scaling its platform for facilitating e-waste circularity. UN’s Global E-waste Monitor reports that e-waste management globally prevents 93 billion kg of CO2-equivalent emissions: 41 billion kg in the form of refrigerants…
EU Commission Publishes CSRD FAQ to Help Companies Implement New Sustainability Reporting Rules
The European Commission announced today the publication of a new set of set of frequently asked questions (FAQs), aimed at supporting companies and other stakeholders such as auditors in implementing sustainability reporting requirements of the EU’s Corporate Sustainability Reporting Directive (CSRD), with the first reports set to begin next year, based on the 2024 financial year. The CSRD is a…
Guest Post: Connecting Opportunities with Financial Drivers – Why Businesses Must Embed Sustainability Within Corporate Decision-Making Now More Than Ever
By: Simon Weaver, Global Head of ESG Advisory at KPMG International ESG leaders and CSOs are facing challenges today like never before. Externally, the increasing political polarization of sustainability is forcing leaders to find a delicate balancing act between demonstrating a commitment to ESG and explaining why that commitment genuinely matters and the financial rewards it will bring. Internally, with…
Complete Guide To GHG Carbon Emissions
Complete Guide To GHG Carbon Emissions 111 PAGES – Carbon reporting has scopes 1 and 2, plus a staggering 15 categories of scope 3. So how do you meet the ever more stringent reporting requirements? It’s yours for free Complete this short form and we’ll email it to you straight away. Name(Required) Company Name(Required) Email Address(Required) CAPTCHA The Greenhouse Gas…
A Comprehensive Guide To ESG Reporting
A Comprehensive Guide To ESG Reporting 255 PAGES – Covering all of the key topics about ESG reporting, from B Corp through to the CRSD, with in-depth analysis and guidance, this is sure to become your go-to guide. It’s yours for free Complete this short form and we’ll email it to you straight away. Name(Required) Company Name(Required) Email Address(Required) CAPTCHA…
ICVCM Rejects Carbon Credits Based on Renewable Energy
Carbon markets non-profit the Integrity Council for the Voluntary Carbon Market (ICVCM) announced that it will not allow carbon credits issued under existing renewable energy methodologies – representing nearly a third of the voluntary carbon market – to be labelled with its Core Carbon Principles (CCP) designation. According to the ICVCM, the decision was made to exclude the renewable energy-based…