Storebrand Head of Climate and Environment Emine Isciel stresses the need for governments to take effective measures to implement the Global Biodiversity Framework, specifically on the alignment of financial flows. As countries begin the countdown to the 16th UN Biodiversity Conference of the Parties (COP16) in Colombia later this year, the pressure is mounting on governments to develop ambitious – and…
Canada to Require Plastic Producers to Track, Report on Plastics Placed on Market
The Canadian Government announced the launch of a new Federal Plastics Registry requiring plastic producers to report on the quantity and type of plastic they place on the Canadian market, and tracking plastic across its lifecycle in the economy, from production through end of life. According to the government’s statement announcing the launch, the new registry supports Canada’s zero plastic…
Corporates Neglect Water Risks
Nature-focused scenario mapping and valuation are deemed pivotal to managing water stress as global warming worsens. Most companies globally are still failing to account for water-related risks in their business operations and supply chains, industry experts warned during Rathbones Greenbank’s 27th Investor Day. “Last year, we saw the first year of 1.5°C warming, and that is having a flywheel effect…
Think Laterally to Halt Care Sector Exploitation
Dame Sara Thornton, Consultant on Modern Slavery at CCLA IM and former Independent Anti-Slavery Commissioner, says investors can help to protect workers. Over the last year there has been growing evidence of exploitation in the UK care sector. Unscrupulous opportunists here and overseas have exploited the desire of workers to obtain social care visas and have either abandoned them in…
Beyond a Governance-led Approach to Stewardship
Jessye Waxman, Senior Campaign Strategist at Sierra Club, argues that investors are failing to adapt to a new era of risk ahead of the 2024 AGM season. April marks the start of AGM season, the time of year when global investors are preparing to vote on critical matters at companies in their portfolios that have a significant impact on the climate….
Reframed Claims Spell Danger
Elizabeth Coleman, Partner at Eversheds Sutherland, considers the rise in ESG-related class actions being heard at the UK’s Competition Appeal Tribunal. As the UK’s Competition and Markets Authority (CMA) increases its focus on ESG, and the number of US-style ‘class actions’ being brought in the Competition Appeal Tribunal (CAT) surges, it is time that investors became aware that these suits now…
Nature Action 100 Tool to Assess Corporate Progress
New benchmark provides insight into actions taken in systemically important sectors on reversing nature and biodiversity loss by 2030. Global investor-led nature and biodiversity initiative Nature Action 100 has published a set of benchmark indicators to assess companies’ nature-related ambition, and measure their progress towards fixed targets. Based on the initiative’s Investor Expectations for Companies and developed in consultation with…
Microsoft Invests in Sustainable Aviation Fuel Tech Company LanzaJet
Sustainable aviation fuel (SAF) technology and production company LanzaJet today announced an investment from Microsoft’s Climate Innovation Fund. According to the company, the new investment would enable LanzaJet to continue building its capability and capacity to deploy its sustainable fuels process technology globally. Launched in 2020 by carbon recycling technology company LanzaTech, Illinois-based LanzaJet has developed “Alcohol-to-Jet” technology enabling the…
UK to Require 10% Sustainable Aviation Fuel in Jet Fuel Mix by 2030
The UK government announced today that it has confirmed its target mandating at least 10% sustainable aviation fuel (SAF) in the UK jet fuel mix by 2030. Fuel accounts for the vast majority of the aviation sector’s emissions. Generally produced from sustainable resources, like waste oils and agricultural residues, SAF is seen as one of the key tools to help…
BlackRock, Temasek Raise $1.4 Billion for Decarbonization-Focused Growth Fund
BlackRock and Temasek’s decarbonization-focused fund Decarbonization Partners announced today that it has raised $1.4 billion at the final close of its inaugural fund, Decarbonization Partners Fund I, well ahead of the firm’s $1 billion fundraising target. Decarbonization Partners was launched by BlackRock and Temasek in 2022, establishing a late-stage venture capital and growth private equity partnership to invest in companies…