Sector may be improving overall gender diversity, but few women hold top management jobs, new Bloomberg research finds. European asset managers have few women in senior leadership positions, highlighting the sector’s failure to extend overall improvements in gender diversity to the most senior levels. Bloomberg Intelligence examined six major asset managers: Amundi, abrdn, DWS, Janus Henderson, M&G and Schroders. While…
SBTi Chief Luiz Amaral Resigns
The Science Based Targets initiative (SBTi), one of the key organizations focused on aligning corporate environmental sustainability action with the global goals of limiting climate change, announced the resignation of CEO Luiz Amaral, citing personal reasons. The SBTi was founded in 2015 with the goal to establish science-based environmental target setting as a standard corporate practice. The organizations’ key functions…
Invesco Launches New Global Climate ETF with $1.6 Billion from Pension Insurer Varma
Global asset manager Invesco announced the launch of the Invesco MSCI Global Climate 500 ETF (KLMT), and new exchange traded fund providing exposure to companies meeting environmental and climate criteria and reducing greenhouse gas emissions. The new ETF, trading on the NYSE, is being launched with a $1.6 billion investment by Finnish pension insurer, Varma. Timo Sallinen, Varma’s Head of Listed…
Climate Tech Startup Aether Fuels Raises $34 Million to Develop Clean Fuels for Aviation and Shipping
Climate tech startup Aether Fuels announced that it has raised $34 million in a Series A financing round, with procceds aimed at accelerating the scale-up of the company’s sustainable fuel technology for the aviation and ocean shipping industries. Established in 2022 as a spin-out of Temasek’s deep-tech early stage investment platform Xora Innovation, Aether provides solutions aimed at improving the…
VC Investor Seaya Raises €300 Million for New Climate Tech Startup Fund
Spanish VC firm Seaya announced today that it has raised €300 million (USD$ 321 million) at the close of Andromeda climate tech fund at €300 million (USD$321 million), aimed at investing in impact-driven growth companies specializing in energy transition, decarbonization, sustainable food value chain, and circular economy. Seaya is one of few female-founded venture capital firms in Europe, launched in…
ING Appoints Cindy Jia as Head of Sustainable Finance, Americas
Dutch multinational banking and financial services corporation ING announced today that it has has appointed Cindy Jia as Head of Sustainable Finance for the Americas effective immediately. In her new role, based in New York, Jia will be responsible for building upon the team’s position providing tailored advisory and financing solutions to support clients’ sustainability projects and goals. She will…
Zurich, Aon Launch New Insurance Coverage to De-Risk Clean Hydrogen Projects
Global insurance provider Zurich Insurance Group and risk capital and human capital solutions provider Aon announced the launch of a new clean hydrogen insurance facility, providing coverage for blue and green hydrogen projects with capital expenditures of up to $250 million. Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly…
Shell Pauses Construction of Major European Biofuels Plant Citing Market Conditions
Energy giant Shell announced today that it has decided to pause construction on its large-scale biofuels facility in the Netherlands, citing market conditions. Shell announced its final investment decision on the Rotterdam-based facility in 2021, with anticipated capacity of 820,000 tonnes a year of biofuels production, and production initially targeted to begin in 2025, making it one of the largest…