Global sustainable funds saw their first quarter of outflows in the last three months of 2023, driven by an acceleration of investors fleeing ESG funds in the US and Japan. However, in spite of a collective outflow of $2.5bn at the global level, European and Asia-ex Japan funds continued to see inflows, Morningstar’s Global Sustainable Fund Flows: Q4 2023 in…
The Global Reporting Initiative (GRI) has published a major update to its biodiversity standard to enable companies to meet the growing demands from multiple stakeholders for information on biodiversity impacts. With human activity the leading cause for as many as one million animal and plant species being pushed to the brink of extinction, GRI 101: Biodiversity 2024 is designed to…
High interest rates and a weaker global economy have been headwinds for clean energy equities over the past year. The growth some had expected did not quite materialise, and the MSCI Global Alternative Energy Index fell 27% in 2023, down 50% from its 2021 highs. Yet despite the weak performance in publicly listed companies, the installation of global renewable power…
Artificial intelligence (AI) was the big player in the top sustainable funds of last year, with nine of the ten best performers having technology company NVIDIA in their ten largest holdings – making up 8.8% of the portfolios on average. NVIDIA’s focus on AI has boosted it to a market capitalisation of $1.48trn at the time of writing. Morningstar Direct…
The Global Reporting Initiative (GRI), one of the leading organizations promoting standardized ESG reporting, announced today the publication today of “GRI 101: Biodiversity 2024,” a major update to its Biodiversity Standard, aimed at enabling companies to publicly disclose on their most significant biodiversity impacts, and how they are managed. The new reporting standard comes as businesses and financial institutions increasingly…
Circularity startup CheckSammy announced today that it has raised $45 million through a strategic investment aimed at supporting its services and solutions for companies to meet sustainability goals including waste diversion and carbon reduction. Founded in 2018, Texas-based CheckSammy provides on-demand, same-day bulk waste removal and bespoke sustainability services, including connecting independent waste haulers and service providers with enterprise customers…
EV battery technology developer Sion Power Corporation announced today that it has raised $75 million in a Series A funding round, with proceeds aimed at supporting the commercialization of its proprietary next generation technology for electric vehicles. Sion Power will use the funds to achieve technical and market validation of its technology. The company plans to build a fully automated…
Deloitte and Circle Economy Consulting announced the launch of a new partnership, aimed at helping businesses realize growing circular economy opportunities and achieve sustainability goals. Circle Economy Consulting is a newly formed impact consulting firm, spun off from circular economy-focused impact organization Circle Economy Foundation. Alongside the new partnership, Deloitte and Circle Economy Foundation released a new study, the Circularity…