A selection of the major stories impacting ESG investors, in five easy pieces. Many people and organisations forging the path to net zero were facing up to the need to manage change this week. Help yourself – Transition planners were given further guidance this week, with a slew of reports from the Network for Greening the Financial System (NGFS), a…
Circularity in the Era of Overshoot
Scaling up the circular economy remains a significant challenge in the current geopolitical climate, says Dr Anthony Kirby, Head of Regulation and Risk for Asset Management and Capital Markets in Europe at EY. Plans for the roll-out of circular cities are gathering pace worldwide, whether based on the principles of economist Kate Raworth’s Doughnut economics (Amsterdam) or the concept of urbanist Carlos Moreno’s 15-minute…
Wellington Management Raises $385 Million for Climate Tech Venture Fund
Investment manager Wellington Management announce today the final close of the Wellington Climate Innovation Fund, raising $385 million in commitments for the firm’s inaugural climate solutions-focused venture fund. Wellington’s Climate Innovation Fund invests in private companies developing solutions to help mitigate and adapt to climate change, targeting primarily late-venture and early-growth companies developing tech-enabled solutions, in areas ranging from software,…
95% of Apple’s Supply Chain Commits to 100% Renewable Energy Use by 2030
Apple announced significant progress towards its goal to decarbonize its value chain, including revealing that more than 320 suppliers – representing 95% of the company’s direct manufacturing spend – have now committed to use 100% renewable energy for Apple production by 2030, up from around 250 suppliers last year. Emissions from the product manufacturing represents nearly two thirds of Apple’s…
Climeworks Launches New Carbon Removal Portfolio Service
Zurich-based Direct Air Capture (DAC) company provider Climeworks announced today the launch of Climeworks Solutions, a new service aimed at providing companies with high-quality carbon removal portfolios, spanning a broad range of carbon removal technologies and solutions. Founded in 2009 by Christoph Gebald and Jan Wurzbacher, Climeworks has focused to date on building its position as a leading DAC provider….
Guest Post – From Solar to Software: The Second Half of the Energy Transition
By Christina Shim, Head of Sustainability Software, IBM Late last year at the UN climate change conference in Dubai, one of the facts most repeated around dining tables, on stages, and over cocktails was that solar is now the cheapest form of electricity in the majority of countries. Of course, there were many attendees quick to object; solar is not the cheapest…
Former Shell Boss Ben van Beurden Joins KKR as Senior Advisor for Climate Strategy
Former Shell CEO Ben van Beurden has joined alternative asset and private equity investor KKR as a senior advisor for energy transition investments, according to a report by the Financial Times, confirmed by ESG Today. In his new part-time role, van Beruden will advise KKR’s recently launched climate strategy. Van Beurden takes on the new role following 39 years at…