Companies that embed sustainability into their operations are likely to experience significant benefits over their peers in areas including revenue growth, profitability and talent attraction, even without spending more on their sustainability efforts, according to a new global survey of senior executives released by IBM. For the new study, IBM’s Institute for Business Value (IBV), in collaboration with Oxford Economics,…
Munich Re Group’s asset manager MEAG announced today that it has raised $207 million in capital commitments at the first closing of its MEAG Sustainable Forestry Equity Fund. Launched in 2022, the Article 9 fund invests in ecologically sustainable forest management, in alignment with the definition of the EU Taxonomy, in addition to contributing to several of the goals of…
Global investment firm Carlyle announced today the appointment of former Goldman Sachs head of commodities research Jeff Currie as Chief Strategy Officer of Energy Pathways. In the newly created role, Currie will have responsibility for analyzing commodity market trends and evaluating new investment opportunities across energy markets and the commodity supply chain central to the energy transition. Currie served at…
International Airlines Group (IAG), the parent company of airlines including Aer Lingus, British Airways, Iberia, Vueling and LEVEL, announced today its largest Sustainable Aviation Fuel (SAF) purchase agreement to date for nearly 1 billion liters of SAF, with Twelve, a company that produces a synthetic aviation fuel made from CO2, water, and renewable energy known as e-SAF. Founded in 2015,…
Decarbonization-focused consultancy and carbon project developer and solutions provider South Pole announced today the appointment of Daniel Klier as its new Chief Executive Officer. Klier will assume the role beginning in May 2024, taking over from interim CEO John Davis. Klier joins South Pole from sustainability data and technology platform ESG Book, where he currently serves as CEO. Prior to…
Singapore will implement mandatory climate-related reporting requirements for listed and large non-listed companies, with obligations for some to begin disclosing in line with the IFRS’ International Sustainability Standards Board (ISSB) standards starting as early as 2025. The new rules were announced today in the Parliament of Singapore by Second Minister for Finance Chee Hong Tat, with details of the new…
A key piece of EU legislation setting mandatory obligations for companies to address their negative impacts on human rights and the environment was dealt a significant blow today, failing to achieve final approval by the European Council, following objections from countries including Germany and Italy, despite a provisional agreement on the regulation reached earlier by the Council with the EU…
Index provider S&P Dow Jones Indices (S&P DJI) announced today the launch of biodiversity-focused versions of its flagship S&P 500 and Global LargeMidCap indices, aimed at offering investors with a benchmarking solution integrating sustainability factors including biodiversity, the UN SDGs, and climate change. The new indices mark an expansion of the sustainability-focused benchmarks offered by S&P, and follows the recent…