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Investor ‘disappointment’ as JPMAM and State Street exit CA100+
February 16, 2024

Investor ‘disappointment’ as JPMAM and State Street exit CA100+

The announcements that asset manager giants have left the Climate Action 100+ (CA100+) initiative has caused responsible investors to review positions in their funds, while others have said the move is “not surprising” for passive players. On Thursday (16 February), Reuters reported JP Morgan Asset Management (JPMAM) and State Street Global Advisors will not be renewing membership of the investor-led…

News 0 6 min read
February 16, 2024

Child Labour “Alive and Well” in the US

Investors urged to renew engagement after failed shareholder proposal seeking greater transparency of child labour risks at Tyson Foods.    US-based investors are having to face up to the reality that examples of child labour lie close to home, with evidence and scrutiny mounting in the food sector.   A proposal on child labour filed at Arkansas-based processing giant Tyson…

News 0 4 min read
AXA IM to Vote Against Companies Lobbying Against Climate Goals
February 16, 2024

AXA IM to Vote Against Companies Lobbying Against Climate Goals

Global asset manager AXA Investment Managers (AXA IM) announced today that it has updated its corporate governance & voting policy with more stringent ESG expectations for companies, including a pledge to target high emissions companies lobbying against the goals of the Paris Agreement. According to AXA IM, the new policy comes amidst an intensifying political backlash against climate-related regulation, contrasting…

News 0 1 min read
February 16, 2024

Caught in the Crossfire

US fund managers are caught between a fierce anti-ESG campaign by Republicans and mounting efforts to curb greenwashing, explains John Kostyack, Adviser to Sierra Club’s Fossil-Free Finance campaign. The Securities and Exchange Commission (SEC) has gone to great lengths in recent years to tackle the issue of rogue US fund managers making dubious claims on their sustainability commitments. Yet, there…

News 0 8 min read
February 16, 2024

Take Five: Wheels in Motion

A selection of the week’s major stories impacting ESG investors, in five easy pieces. This week felt as if everyone was on the move – although not necessarily in the same direction. Moving out – The decision by State Street Global Advisors (SSgA) and JP Morgan Asset Management to quit Climate Action 100+ (CA100+), a coalition of investors engaging with…

News 0 3 min read
Industrial Decarbonization Startup Celadyne Raises $4.5 Million to Accelerate Production, Use of Hydrogen
February 16, 2024

Industrial Decarbonization Startup Celadyne Raises $4.5 Million to Accelerate Production, Use of Hydrogen

Hydrogen technology startup Celadyne announced today that it has raised $4.5 million in seed capital, with proceeds supporting the company’s solutions aimed at enabling industrial and transport decarbonization. Founded in 2018 by Gary Ong, Chicago-based Celadyne provides hydrogen solutions to the energy industry, working with fuel cell and utility companies to provide materials and technologies to convert hydrogen into usable…

News 0 1 min read
February 16, 2024

The B in ESG – Part 2: Regulatory Drivers

Dr Anthony Kirby, Head of Regulation and Risk for Asset Management and Capital Markets in Europe at EY, places the TNFD framework in context of regulatory and political developments. The UK is one of 12 jurisdictions around the world that already include or plan to include nature-related aspects in their environmental taxonomies. This broadly commits them to regulatory approaches which incorporate nature-relevant environmental objectives…

News 0 7 min read
February 15, 2024

Oregon Leads Way on US Climate Plans 

OPERF announces intention to reach 60% emissions reduction by 2035, with other US state initiatives expected to follow.  The Oregon State Treasurer disclosed plans earlier this month to transition the Oregon Public Employees Retirement Fund’s portfolio (OPERF) to net zero, as more US states prepare to launch transition plans for their public pension funds.  Dave Wallack, Executive Director of US…

News 0 2 min read
Google, Embraer Join United Airlines’ $200 Million Sustainable Aviation Venture Fund
February 15, 2024

Google, Embraer Join United Airlines’ $200 Million Sustainable Aviation Venture Fund

United Airlines announced today the addition of several new corporate partners to its its sustainable aviation fuel (SAF)-focused investment fund, the United Airlines Ventures (UAV) Sustainable Flight Fund, bringing the capital committed to the fund to over $200 million. The new partners include Aircastle, Air New Zealand, Embraer, Google, HIS, Natixis Corporate & Investment Banking, Safran Corporate Ventures, and Technip…

News 0 1 min read
Goldman Sachs AM Launches Global Green Bond ETF
February 15, 2024

Goldman Sachs AM Launches Global Green Bond ETF

Goldman Sachs Asset Management announced today the launch of the Goldman Sachs Global Green Bond UCITS ETF, a new Article 9 fund tracking a bespoke index developed with Solactive, tracking the performance of investment-grade bonds denominated in G10 currencies. The new ETF comes follows several years of growth in green bond issuance, as corporate and government issuers move to finance…

News 0 1 min read