New research finds companies in emerging and developing markets want better climate investment, but barriers to private finance flows remain. Perceptions of excessive risk in the Global South are deterring institutional investors from allocating to the market, Nick Robins, Professor in Practice – Sustainable Finance at the Grantham Research Institute on Climate Change and the Environment, has warned. Over-reliance…
Outdated Risk Perceptions Blocking EM Climate Finance
New research finds companies in emerging and developing markets want better climate investment, but barriers to private finance flows remain. Perceptions of excessive risk in the Global South are deterring institutional investors from allocating to the market, Nick Robins, Professor in Practice – Sustainable Finance at the Grantham Research Institute on Climate Change and the Environment, has warned. Over-reliance…
Outdated Risk Perceptions Blocking EM Climate Finance
New research finds companies in emerging and developing markets want better climate investment, but barriers to private finance flows remain. Perceptions of excessive risk in the Global South are deterring institutional investors from allocating to the market, Nick Robins, Professor in Practice – Sustainable Finance at the Grantham Research Institute on Climate Change and the Environment, has warned. Over-reliance…
Passive Funds Linked to Greenwashing
Reclaim Finance calls for increased anti-greenwashing regulation for fund managers, and collaboration with index providers. Asset managers are greenwashing their passive funds, according to new findings by NGO Reclaim Finance. The report analysed 430 passive funds labelled as “sustainable” by Amundi, BlackRock, DWS, Legal & General Investment Management (LGIM), and UBS Asset Management. It found that 70% of the assessed…
Microsoft Signs 15-Year “Environmental Justice PPA” from New US Solar Farm with EDP, Volt Energy
EDP Renewables North America (EDPR NA) and minority-owned renewable energy developer Volt Energy Utility announced a new partnership today to launch the development of Hickory Solar Park, a new solar project based near Jerseyville, Illinois. The companies also announced that Microsoft will purchase electricity and renewable energy credits (RECs) for 15 years from the new project. The new agreement uses…
The SEC’s Climate Rule*
On March 21st, 2022, the United States Securities and Exchange Commission (SEC) released a draft rule for the Enhancement and Standardization of Climate-Related Disclosures for Investors. The passing of the SEC climate rule on March 6th, 2024, is a landmark moment in U.S. climate policy and sets a precedent for future legislation on sustainability-related financial reporting in the U.S. But…
Filling in the blanks: 2024 update
The number of climate-related regulations and frameworks is increasing every day. At the same time, corporate disclosure of greenhouse gas (GHG) emissions, particularly those in line with the Greenhouse Gas Protocol (GHGP), remains poor. Of more than 6,200 companies tracked by ESG Book, less than 50% report Scope 1 emissions in line with the GHGP. Find out how ESG Book’s newly…
Court Rules KLM’s Sustainability-related Advertising was Misleading
An Amsterdam court ruled today that advertising by Dutch airline KLM containing claims about the environmental sustainability of aviation, the impact of initiatives such as the use of sustainable aviation fuels, and asking consumers to join the airline in ‘creating a sustainable future’ were misleading and unlawful. In its ruling, the court said that KLM had made environmental claims in…
Texas Pulls $8.5 Billion From BlackRock Over ESG Investing
The Texas State Board of Education announced on Tuesday the termination of an investment with BlackRock, pulling $8.5 billion in funds from the investment giant, with a statement by the Board’s Chairman Aaron Kinsey citing BlackRock’s “dominant and persistent leadership in the ESG movement.” BlackRock, as the largest global investment management company, and a leading voice in the investment community…
Agtech Revolution Under Way
As the climate and ecological crises start to deeply modify the way we eat and farm, investors face new risks and opportunities. From Bangladesh to the UK, the devasting effects of climate change on global agriculture have come to a head this year. UK farmers warned this month that the wettest February since 1836 would lead to a “horrific” harvest,…