Taskforce urges organisations to get started on nature-related disclosures, as development of public data facility continues. The Task Force on Nature-related Financial Disclosures (TNFD) has named the 320 organisations that have become the first to commit to its recommendations. Companies listed on the TNFD Early Adopters list represent a total US$4 trillion in market capitalisation and are spread across 46…
$4 Trillion Investor Group Urges Shell to Set Paris-Aligned Scope 3 Emissions Target
A group of 27 institutional investors representing more than $4 trillion in assets under management announced today that they have co-filed a shareholder resolution at Shell, urging the energy giant to set Paris Agreement-aligned medium-term target to reduce emissions arising from the use of its products. The resolution, led by oil and gas-focused shareholder activist group Follow This, was filed…
Northvolt Signs Record $5 Billion Green Loan to Scale Circular Gigafactory
Battery manufacturer Northvolt announced today that it has raised $5 billion through the largest-ever green loan in Europe, with proceeds from the financing aimed at expanding its Northern Sweden-based lithium-ion battery gigafactory and battery recycling facility. The green loan was provided by a consortium including 23 commercial banks, in addition to the European Investment Bank (EIB) and the Nordic Investment…
General Atlantic Acquires Sustainable Infrastructure Investor Actis
Global growth equity investor General Atlantic announced today the acquisition of sustainable infrastructure investor Actis. Following the acquisition, Actis will become the sustainable infrastructure arm within General Atlantic’s global investment platform. The move marks the latest in a series of moves by major asset managers to boost their capabilities to target a rapidly growing infrastructure opportunity set driven by themes…
Energy Storage Startup Tiamat Raises €22 Million for Lithium-free Battery Tech, Backed by Stellantis, Arkema, MBDA
Battery technology startup Tiamat announced that it has raised €22 million, with proceeds aimed at developing and commercializing its lithium-free sodium-ion battery technology. Established as a spin-off from France’s Centre National de la Recherche Scientifique (CNRS) in 2017, Tiamat designs, develops and produces solutions for energy storage applications. The company’s sodium-ion technology offers strong properties for power applications, including fast…
Fidelity International to Focus Sustainable Investing Efforts on Key Themes Including Nature Loss, Climate, Governance, Social Disparities
Investment management firm Fidelity International announced today a new focused sustainable investment approach, targeting four systemic themes, including nature loss, climate change, strong and effective governance, and social disparities, which will drive the firm’s engagement approach towards influencing positive change. According to Fidelity’s Chief Sustainability Officer Jenn-Hui Tan, the four focus themes were selected “as these present the most significant…
Barclays Launches New Energy Transition-Focused Investment Banking Team
Barclays announced the establishment of a new Energy Transition Group within its Corporate and Investment Bank, responsible for advising clients in the exploration of energy transition opportunities, and supporting clients on the path to net zero. Comprised of industry sector specialists from within Barclays’ global Natural Resources, Power, and Sustainable and Impact Investment Banking teams, the new team will include…
Australia Proposes New Law Requiring Mandatory Climate Reporting for Companies
The government of Australia announced the release of new draft legislation which would 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. According to a statement by Australia Treasurer Jim Chalmers introducing the new proposed law, the climate-related disclosure requirements are aimed…
Natixis’ Private Markets Unit Flexstone Appoints Samira Boussem as Head of Sustainability
Global private markets investment manager Flexstone Partners announced the appointment of Samira Boussem as Managing Director & Head of Sustainability, with responsibility for driving the firm’s sustainability strategy. based in France. Flexstone is a majority owned affiliate of Natixis Investment Managers, providing investment management and advisory services across global private markets to institutional investors, with a focus on on lower,…