The country plans to release new guidance focused on technology-related risks, but pundits are saying it should be expanded to all sectors. The US government’s plans to introduce human rights due diligence (HRDD) guidance to manage technology firms’ exposures to such risks has been welcomed as a good start. However, experts are calling for it to align with similar texts…
GRESB announces launch of its new suite of ESG-evaluation tools, REAL Solutions
On 19 March 2024, GRESB – an investor-led organisation that provides standardised and validated data to assess the sustainability-related performance of real estate assets and portfolios – announced the upcoming launch of “REAL Solutions“. REAL Solutions is a new suite of tools designed to provide real asset managers and investors with more granular ESG data, which they are demanding in…
Blended Funds Bid to Tackle UK Social Shortfalls
Social impact investors recommend national and local community growth funds to tap £50 billion of private investments across the next decade. New fund structures that bring together public money and private capital are increasingly being seen as the best way to leverage institutional investor appetite for social impact. Big Society Capital (BSC) and 35 other organisations recently called for the…
UK Blended Funds Bid on Social Shortfalls
Social impact investors recommend national and local community growth funds to tap £50 billion of private investments across the next decade. New fund structures that bring together public money and private capital are increasingly being seen as the best way to leverage institutional investor appetite for social impact. Big Society Capital (BSC) and 35 other organisations recently called for the…
Consumers Misled on Plastic Recycling
Investors urged to engage on the issue, with regulation and taxation required for sustainable solutions likely required to address risk. Planet Tracker has warned consumers and policymakers that they are being misled on recycling in the plastics industry, with the majority of it currently not being recycled, despite misleading claims. Worth more than US$500 billion, the plastics industry has promoted…
CarbonChain Launches Commodities Supply Chain Emissions Reporting Solution
Climate accounting software provider CarbonChain announced today the launch of CarbonChain Comply, a new carbon reporting solution for businesses within metals and energy supply chains. According to CarbonChain, the new solution aims to address the growing regulatory requirements and stakeholder demands for transparent and accurate disclosure in the commodities supply chain, offering a “one-stop shop for carbon reporting.” Founded in…
CONSULTATION ON UK CARBON BORDER ADJUSTMENT MECHANISM (“CBAM”)
The UK Government launched a Consultation on the introduction of a UK CBAM on 21 March 2024. The Consultation closes on 13 June 2024. This follows the announcement, in December 2023, that the UK would implement a UK CBAM similar to the EU CBAM which came into effect on 1 October 2023. In this update, we summarise the key design…
SSAB’s New $5 Billion in Fossil-Free Steel Mill to Eliminate 7% of Sweden’s CO2 Emissions
Sweden-based global steel company SSAB announced a decision to build a fossil-free mini-mill in Luleå, Sweden, capable of producing 2.5 million tonnes of carbon emission-free steel annually. Total investment in the new mill is estimated at €4.5 billion (USD$4.9 billion), and the project is expected to reduce Sweden’s CO2 emissions by 7%. Steelmaking is one of the biggest emitters of…
Hydrogen Mobility Startup HysetCo Raises Over $200 Million
Hydrogen mobility startup HysetCo announced that it has raised nearly €200 million (USD$217 million) in a new financing round led by hydrogen-focused investor Hy24, with proceeds from the financing to be used to the company’s solutions aimed at decarbonizing urban transport. Founded in 2015, France-based HysetCo offers solutions to support hydrogen mobility, including the development of hydrogen refueling stations, an…
EY Appoints Chase Jordan as Global Private Equity ESG Leader
Professional services firm EY announced the appointment of Chase Jordan as EY Global Private Equity ESG Leader. In his new role, Jordan will work with PE firms to help drive ESG-focused transformations within portfolio companies, and aiming for stronger ESG narratives upon exits. Jordan will be responsible for collaborating across fund lifecycles and embedding sustainability into both fund-level strategy and portfolio…