Nearly two thirds of institutional investors cite long-term financial returns as a key driver of investing in sustainability and impact strategies, ahead of any other driver, according to a new study released by global investment manager Schroders, which found a shift in focus on sustainable investing towards capitalizing on opportunities, rather than primarily as a risk management tool. For the…
Climate tech startup Overstory announced that it has raised $14 million, with proceeds aimed at helping the company develop its AI-based product to reduce the risk of wildfires and power outages. Founded in 2018, Amsterdam-based Overstory offers predictive AI-based technology for utilities that provides tree-level insights about vegetation, to help mitigate wildfires, protect biodiversity, and enable informed decision making about…
Jamal Srouji, Global Climate Programme Associate at the World Resources Institute, says the Global Stocktake is a chance to correct course on climate. This year is a critical moment for climate action. The mounting impacts of climate change, from floods and droughts to hurricanes and heat waves, are taking a major toll on human lives and economies globally — particularly in…
The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today the issuance of a set of consultation papers with proposed guidelines on net zero transition planning for financial institutions, including banks, insurers and asset managers. The guidelines set out MAS’ supervisory expectations for the financial institutions to have a sound transition planning process, enabling…
International asset manager Robeco announced that it will begin providing sustainability information for all of its investment products, with information covering themes such as climate, net zero, biodiversity and the Sustainable Development Goals (SDGs) being added to product factsheets and webpages. Factsheets are routinely used by asset managers to disclose product information such as performance, fees, the top ten invested…