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ESG Clarity Awards 2023: The winners

ESG Clarity Awards 2023: The winners

Companies and individuals that can put their head above the parapet and show continued dedication in trying times is something that should be showcased and celebrated. The past two years have been a trickier period for the responsible investment industry. More challenging market conditions have affected fund performance and flows, new regulation has tested firms’ compliance departments and product development…

CFA targets ‘cultural change’ as it launches UK diversity code

CFA targets ‘cultural change’ as it launches UK diversity code

CFA Institute has launched the UK edition of its voluntary diversity, equity and inclusion (DEI) code for the investment profession designed to support organisations seeking to accelerate change by fostering a commitment to DEI. Signatory firms would commit to six metrics-based principles under the DEI Code intended to enable the greater inclusion of wider viewpoints from the best talent, with…

A Fair Day’s Wage for a Fair Day’s Work

Investors focused on executive remuneration are looking to close the CEO-to-worker pay ratio.  The average annual salary in the UK, EU and US is £32,000, €33,500 and US$54,132 respectively. Meanwhile, company CEOs are receiving annual remuneration that often edges into the millions.  While the responsibilities of a CEO or other c-suite executives – and the skills it takes to be…

SFDR Consultation: Paving the way to formalise EU fund labeling?*

The European Commission initiated two consultations on 14 September 2023 to gather feedback on the Sustainable Finance Disclosure Regulation (SFDR). The goal is to assess SFDR’s implementation progress since March 2021 and find ways to enhance its effectiveness against greenwashing. The consultations target general stakeholders and experts in sustainable finance. They focus on improving clarity, usefulness of disclosures, costs, data,…

Dollar Tree to Deploy Community Solar Projects to Power Stores

Dollar Tree to Deploy Community Solar Projects to Power Stores

Discount retailer Dollar Tree and renewable energy solutions provider DSD Renewables announced a new agreement to deploy a community solar portfolio to power select Dollar Tree and Family Dollar locations in New York. Under the new collaboration, the companies will deploy seven projects, with capacity of nearly 42 MW, built by DSD, with Dollar Tree serving as an anchor tenant…

Franklin Templeton Launches Fund Targeting Companies with Improving ESG Profiles

Franklin Templeton Launches Fund Targeting Companies with Improving ESG Profiles

Global investment manager Franklin Templeton’s specialist investment manager ClearBridge Investments announced today the launch of the FTGF ClearBridge Global Sustainability Improvers Fund, a new global value equity fund investing in undervalued companies with improving ESG profiles. According to Jaspal Sagger, Global Head of Product at Franklin Templeton, the new fund aims to enable investors with the ability in companies in…

Universities seed Osmosis fund addressing fossil fuel divestment risk

Universities seed Osmosis fund addressing fossil fuel divestment risk

The University of New South Wales in Sydney Australia and Oxford University Endowment Management (OUEM) in the UK are seeding the fund launch of Osmosis Developed Markets Resource Efficient Core Equity ex-Fossil Fuels fund. Available to wholesale investors, Osmosis has developed the product to address the risks and unintended bets bought into portfolios from fossil fuel divestment. A statement from…

easyJet, Airbus Sign Deal to Offset Flight Emissions with DAC Carbon Capture Technology

easyJet, Airbus Sign Deal to Offset Flight Emissions with DAC Carbon Capture Technology

Aerospace giant Airbus announced that easyJet has become the first airline globally to join its Airbus Carbon Capture Offer’s carbon removal initiative, utilizing Direct Air Carbon Capture and Storage (DAC) to help achieve the airline’s aviation decarbonization goals. The aviation industry accounted for nearly 3% of global energy-related CO2 emissions in 2022 and emissions have been steadily climbing to over…

TPT Launches “Gold Standard” Framework for Climate Transition Plan Disclosure

TPT Launches “Gold Standard” Framework for Climate Transition Plan Disclosure

The UK’s Transition Plan Taskforce (TPT) announced the release of the final version of the TPT Disclosure Framework, aimed at providing a “gold standard” for companies to develop and report on their climate transition plans. The launch of the new disclosure framework comes as companies globally are increasingly announcing net zero commitments, but many have yet to articulate and disclose…