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ISSB Continues Standards Alignment Push

The final version of the board’s Inaugural Jurisdictional Guide should be finalised by mid-year, with the core objective of reducing fragmentation.  The International Sustainability Standards Board’s (ISSB) has published a preview version of its upcoming Inaugural Jurisdictional Guide, aiming to assist jurisdictions in their adoption of IFRS 1 and IFRS 2. The preview builds on the International Organization of Securities…

Scope 3 Reporting Improving in US Food Sector 

In contrast, the Ceres Food Emissions 50 Companies Benchmark found slow progress on transition planning among food companies.  The number of North American food companies disclosing Scope 3 emissions has nearly doubled in two years, according to research by investor network Ceres.   Flora Gaber, ESG Analysis Manager at Swedish pension fund AP7, told ESG Investor that it was “encouraging”…

Follow the Money to the Clean Economy

Asset managers globally  are increasingly focusing on investment in climate solutions, while deforestation, biodiversity and water gain ground, explains Ceres Vice President Kirsten Snow Spalding. Climate action in the investment community has faced  contrarian winds lately, yet, asset managers’ engagement on the issue continues to gain steam. Or at least, so it seems when one looks at the scale achieved…

Zalando to Remove Misleading Product Sustainability Claims in Deal with EU Commission

Zalando to Remove Misleading Product Sustainability Claims in Deal with EU Commission

Online fashion and lifestyle retailer Zalando has made a series of commitments to remove sustainability flags and icons displayed next to products on its website that could mislead consumers about the environmental benefits of those products, following dialogue with the European Commission and European national consumer authorities, according to a statement by the Commission. In a statement following the Commission’s…

Take Five: Big, Green Government

A selection of the week’s major stories impacting ESG investors, in five easy pieces. European and UK policymakers were given a consistent message by the private sector this week – more or less. Mixed messaging – Seventy-two large companies signed the Antwerp Declaration, calling for a European Industrial Deal to complement and reinforce the existing European Green Deal. The signatories…

Not Just Yet

Shafaq Ashraf, Climate Action 100+ Project Lead at the Transition Pathway Initiative Centre, says few corporates are currently supporting a just transition. The investor-led Climate Action 100+ (CA100+) initiative’s Net Zero Company Benchmark, a strategic tool to inform investor engagement, provides annual updates on the climate performance of 150 of the world’s largest corporate greenhouse gas (GHG) emitters. Recent results…

Carbon Trading Projects Bearing Fruit for Investors

Innovative pilot schemes are attracting interest after failed COP28 negotiations on carbon markets under Article 6 of the Paris Agreement.   Despite limited progress on carbon trading rules at COP28, experts believe recent trial projects will unlock investment opportunities for private investors.   Negotiators failed to finalise a framework for trading carbon credits between countries in Dubai, but projects allowed…

LOIM Wins £5 Billion Sustainability-Focused Investment Mandate from Nest

LOIM Wins £5 Billion Sustainability-Focused Investment Mandate from Nest

Global wealth and asset manager Lombard Odier Investment Managers (LOIM) announced today that it has been selected by UK workplace pension fund Nest to manage a global thematic equities investment mandate targeting a series of climate, environmental and social themes. According to Nest, the pension fund aims to invest £5 billion in the LOIM-managed strategy by 2030. Ritesh Bamania, Head…

SIX Launches Solution Enabling Banks to Assess Sustainability of Small Businesses in their Loan Books

SIX Launches Solution Enabling Banks to Assess Sustainability of Small Businesses in their Loan Books

Financial market infrastructure provider SIX and sustainability reporting software provider Greenomy announced today the launch of a new solution aimed at enabling SIX’ banking clients to efficiently assess the sustainability performance and transition trajectories of their small to medium enterprise (SME) loan customers. The new solution comes as banks increasingly set commitments to monitor and improve the sustainability performance of…

Clean Energy Provider GeoPura Raises $70 Million to Accelerate Green Hydrogen Buildout

Clean Energy Provider GeoPura Raises $70 Million to Accelerate Green Hydrogen Buildout

Clean energy provider GeoPura announced today that it has raised £56 million (USD$70 million) in an investment round aimed at accelerating the adoption of green hydrogen in the UK, with expanded production and increased deployment of the company’s power generation technology. Founded in 2019, GeoPura supplies clean energy to users that require power at temporary sites, long-term backup, off-grid power, and…