Investors can’t afford to sit still and wait for companies to be mandated to disclose on social issues – although that is coming – warned Aviva Investors’ Richard Saldanha. The global equity portfolio manager and lead manager on the Social Transition Global Equity fund said while we wait for mandatory disclosure requirements to be put in place, there is a…
Clean energy technology startup Sage Geosystems announced that it has raised $17 million in a Series A financing round, with proceeds aimed at fully funding a new commercial geothermal-based energy storage facility. Founded in 2020, Houston, Texas-based Sage Geosystems is developing solutions aimed at making geothermal energy, typically limited to volcanic regions or requiring deep drilling, more widely available and…
The California Energy Commission announced that it has approved a plan to invest $1.9 billion through 2027 on projects aimed at expanding infrastructure for zero emissions vehicles and transportation, including the buildout of an EV charging and hydrogen refueling network. Transportation, including fuel production, accounts for roughly half of California’s greenhouse gas (GHG) emissions, and 80% of the state’s air…
Singapore Minister for Transport Chee Hong Tat announced today the launch of the Singapore Sustainable Air Hub Blueprint, outlining a series of key actions aimed at decarbonizing Singapore’s aviation sector, including new rules mandating that all departing flights be required to use sustainable aviation fuel (SAF), beginning at 1% from 2026, and expected to increase in following years. The blueprint…
Investment managers have highlighted the areas of opportunities within vaccines, specifically the advance in technology and opportunity to improve health equity as key areas of investment in 2024. As ESG Clarity’s global outlook for 2024 recent highlighted, healthcare has been earmarked as an area of focus by fund managers this year. This coincided with an overriding agreement that the climate…
At a the New York Times conference in late 2018, BlackRock CEO Larry Fink proclaimed that “demand for ESG [environmental, social, and governance] is going to transform all investing.” Less than five-years later, at the 2023 Aspen Ideas Festival, Fink was referring to the “weaponisation of ESG….by the far left and … the far right”. The increased politicisation of the ESG to which…