Investec announced today the appointment by its alternative investment platform, Investec Alternative Investment Management (IAIM), of Alicia Forry as Head of ESG, Alternative Investments. In her new role, Forry will help to embed a responsible investing framework and series of processes across Investec’s private market credit strategies, integrating ESG considerations throughout the direct lending process, and helping companies to understand…
Integrated container logistics company A.P. Moller-Maersk announced that its greenhouse gas emissions targets, including its aim to achieve net zero by 2040, and a series of new goals to reduce emissions across its operations and supply chain, have been validated by the Science Based Targets initiative (SBTi). The announcement makes Maersk the first company to have its climate targets validated…
European battery cell manufacturer ACC (Automotive Cells Company) announced today that it has raised €4.4 billion (USD$4.7 billion) in debt financing, aimed at supporting the construction of three gigafactories for lithium-ion battery cell production in France, Germany, and Italy. ACC was founded in 2020 as a joint venture by Stellantis and TotalEnergies – with Mercedes-Benz joining the JV in 2021…
The U.S. Department of Energy (DOE) announced the launch of a new funding opportunity, providing up to $100 million to support projects to remove, store and utilize carbon from the atmosphere, as part of efforts to develop a commercially viable carbon dioxide removal industry in the U.S. Carbon removal is emerging as a key tool in the fight to address…
The UK government announced a new requirement for developers to deliver a Biodiversity Net Gain (BNG) of 10% for all major building projects, improving the overall status of natural habitats and ecosystems across new housing, industrial or commercial developments. Introduced in the UK’s 2021 Environment Act, Biodiversity Net Gain aims to create and improve natural habitats, in order to ensure…
More than two thirds of consumers report being unwilling to spend more time or money on sustainable energy actions, despite high levels of energy sustainability awareness, as affordability and access perceptions hold back clean energy behaviors, according to a new global consumer survey released by professional services firm EY. For the study, “Energy transition consumer insights,” EY surveyed nearly 100,000…
Emerging markets funds face losing the French socially responsible investment (SRI) label if they do not divest from a number of jurisdictions. The Investissement Socialement Responsable (ISR) label announced stricter eligibility criteria in December 2023, including funds becoming ineligible if they invest in companies involved in new projects related to the exploration, exploitation and refining of fossil fuels, or if…
Investors with a long-term view understand a company’s ability to deliver financial results, and therefore investment returns, depends on its ability to manage physical climate and biodiversity risks, while navigating future regulation and shifting consumer tastes. It’s a key reason for engagement on climate, nature and human rights. Without effective stewardship of portfolios, risks can be misunderstood or left unmitigated,…