Professional services firm EY announced today the launch of a new Sustainable Finance Innovation Hub, aimed at supporting financial institutions globally in meeting their ESG regulatory and reporting requirements. Based in Dublin, the new hub will add 40 specialists over the next few months, spanning the environmental, social and governance pillars of ESG, more than tripling the size of EY…
The U.S. Securities and Exchange Commission announced that it has paused the implementation of its recently released climate disclosure rules requiring companies to report on climate-related risks and greenhouse gas (GHG) emissions, as it awaits a court review of the new rules following a series of legal challenges by several states and business groups. Despite the decision to pause the…
Karin Pasha-Huizinga, Responsible Investment Officer at Colesco Capital, says private markets should be frontrunning the transition towards a more sustainable society. Consumer behaviour is changing rapidly: vegan and vegetarian menus can now be found at the vast majority of restaurants, vintage clothing shops are popping up, taking a reusable cup to a coffee shop is now commonplace, and energy ratings…
Bloomberg announced today the launch of the Bloomberg Government Climate Tilted Bond Indices, a new series of government bond benchmarks aimed at offering investors with exposure to its flagship fixed income benchmarks, in addition to the low-carbon transition, by increasing weightings on countries incorporating climate transition objectives. At launch, the new series will include 14 indices, including global, Eurozone and…
Clean energy developer Solarig announced today that it will develop a new sustainable aviation fuel (SAF) plant in Spain, with a production capacity of 60,000 tonnes (approximately 75 million liters) of SAF per year. The company anticipates that it will invest €780 million (USD$847 million) in the new plant, located in in Parque Empresarial del Medio Ambiente (PEMA) located in…