New research on disclosure frameworks finds different approaches to materiality and less attention to ocean-related risks. Nature-related assessment and disclosure frameworks and standards pay insufficient attention to oceans, Romie Goedicke, Co-head of Nature at United Nations Environment Programme – Finance Initiative (UNEP FI) has said, following the release of a comparative study. The report found that while most…
Abstention Threatens CSDDD
Germany and other states could refrain from voting later this month, undermining the EU’s credibility as a sustainability leader. Industry members, including ShareAction, have warned that the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) risked being hijacked by abstentions from member states in an upcoming voting session. Although CSDDD is “too big to fail”, further revisions risk creating…
Asset Owners Urged to Jump into Deep End
The risks and impacts associated with ocean pollution and degradation are vast, but “easy wins” exist for investors. To sufficiently address the climate and nature crises, asset owners must prioritise the world’s oceans and marine life, according to new research. The paper makes the case that asset owners should look to understand the important role that oceans can play in…
New Horizons Beckon for ESG Index Derivatives
Investor appetite for a wider range of increasingly sophisticated ESG index derivatives is latent, according to participants at a virtual roundtable hosted by Eurex and ESG Investor. As the volume of capital directed towards sustainability increases, institutional investors and asset managers have a natural interest in the development of ESG-related derivatives instruments that enable them to hedge investments, implement ESG…
Mirova Raises over $280 Million for Emerging Markets-focused Climate Fund
Sustainability-focused investment manager Mirova announced today that it has reached $282 million in commitments for the Mirova Gigaton Fund, its blended finance debt fund aimed at accelerating the clean energy transition in emerging markets, reaching more than half of the fund’s $500 million target a year after launching. New investments in the Gigaton Fund since its first close in March…
VCMs Must Stand up to Scrutiny
Allister Furey, CEO & Co-Founder of Sylvera, says the VCMI new claim could help to unlock urgent action on Scope 3. Scope 3 can often be the most difficult type of carbon emissions to measure, dampening the prospect of action from business leaders. Unlike Scope 1 or Scope 2 emissions, which can be reduced through adoption of renewable energy and…
Covid-19 recovery spending could negatively impact climate adaptation
Nearly 28% of recovery spending could have negative impacts for climate adaptation, by locking-in non-resilient infrastructure for example, according to research conducted by the University of Oxford. Analysing 8,000 government policies across 88 countries, the research also revealed only 10% of investment spent on Covid-19 recovery was ever likely to enhance direct climate adaptation, although this figure rose to 27%…
TotalEnergies, Air Liquide Create New JV to Launch a Hydrogen Station Network for Heavy Duty Trucks
Energy company TotalEnergies and industrial gases and services supplier Air Liquide announced today the launch of a TEAL Mobility, a new joint venture aimed at accelerating the development of a hydrogen network for heavy duty trucks across major European corridors. TEAL Mobility aims to develop more than 100 hydrogen stations over the next decade, creating the first transnational European network…
Google Signs Over 700 MW of Clean Energy Deals Across Europe
Google announced today a series of Power Purchase Agreements (PPAs) across Europe for more than 700 MW of clean energy, enabling the company to reach more than 90% carbon-free energy in areas including the Netherlands, Italy and Poland, and close to 85% in Belgium in the next two years. According to Google, the new agreement marks a significant step towards…
AXA IM Appoints Thomas Coudert as Head of Sustainability for Core Investment Platform
AXA Investment Managers (AXA IM) announced today the appointment of Thomas Coudert as Head of Sustainability, Core Investments, with responsibility for overseeing sustainability across the Core investment platform. Coudert takes on the new role after 17 years at AXA IM, most recently serving as Head of Fixed Income Sustainability. He joined AXA IM’s European Credit team in 2007 and has…