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KKR Acquires Energy Infrastructure Provider Smart Metering for $1.7 Billion

KKR Acquires Energy Infrastructure Provider Smart Metering for $1.7 Billion

Alternative asset and private equity investor KKR announced an agreement to acquire energy and electrifications solutions company Smart Metering Systems (SMS), describing the company as having the “potential to substantially contribute to and enable the energy transition,” and “expected to play a leading role to support the UK Government’s ambition to be net zero by 2050.” Under the terms of…

Why Sustainability Impacts Every UK Business

Why Sustainability Impacts Every UK Business   Sustainability is currently one of the most significant terms in the business world, and its importance extends far beyond merely enhancing client presentations. Proper implementation of sustainability strategies compels companies to comprehensively evaluate both the potential opportunities and risks they may face in the future. This strategic approach not only attracts new clients…

Clarifying Environmental Impact Assessments: EIA, EcIA, PEA, and ESG

Clarifying Environmental Impact Assessments: EIA, EcIA, PEA, and ESG   The Essentials of Environmental Assessments Before embarking on a new development, it’s crucial to understand the environmental assessments required by law, namely the Environmental Impact Assessment (EIA), Ecological Impact Assessment (EcIA), and Preliminary Ecological Appraisal (PEA). These assessments ensure that developers can proceed with their projects without unforeseen environmental legal…

The ESG and Sustainability Challenge in UK Sporting Venues

The ESG and Sustainability Challenge in UK Sporting Venues

Understanding the ESG and Sustainability Challenge in UK Sporting Venues   Sustainability is a challenge for football, horse racing, motorsports, and indeed every form of UK sporting venue.  This article explores the challenges and opportunities and concludes with an early case study of how a horse racing venue is taking early steps to improve. The Environmental Footprint of Sporting Events…

ESG Dictionary with Definitions and Glossary UK

ESG Dictionary with Definitions and Glossary UK   Welcome to the ultimate ESG Dictionary, your comprehensive resource for understanding the complex and evolving terminology of Environmental, Social, and Governance (ESG) criteria. Whether you’re an investor, corporate professional, or simply keen on sustainable practices, our extensive glossary demystifies ESG terms, regulations, and standards, empowering you to navigate the world of responsible…

Split Disclosure on ESG Ratings Offers “Stronger Transparency”

Disaggregation of E, S and G factors behind scores will “help investors”, though consideration urged to avoid “unduly burdening” firms.   A European Parliament vote this week to increase the transparency of ESG ratings by disaggregating consideration of E, S and G factors is a “positive outcome” for investors, experts have told ESG Investor.   The ECON committee made significant…

Business and Human Rights – could the UK adopt mandatory human rights due diligence?

On 28 November 2023, Baroness Young of Hornsey introduced the Commercial Organisations and Public Authorities Duty (Human Rights and Environment) Bill (the “Bill”) to the House of Lords.  If passed, the Bill would introduce mandatory human rights and environmental due diligence (“HREDD”) into UK law. The description of “reasonable” HREDD set out in the Bill is consistent with the standards…

Take Five: Lessons Learned

A selection of this week’s major stories impacting ESG investors, in five easy pieces.  Science was back on the curriculum at COP28, followed by cautious optimism about the response to the Global Stocktake. Siding with science – The week in Dubai started with a row about a row. COP28 President Sultan Al Jaber found it necessary to emphasise his commitment…

How Pension Schemes can Combat Deforestation

Fiona Smith, Investment Proposition Manager at Smart Pension, outlines tactics and tools that can enable substantial strides toward sustainability and resilience. The growing challenges of climate change and biodiversity loss have made confronting deforestation a critical issue. Recent findings from the Forest Declaration Assessment show a concerning trend: global efforts to reduce deforestation are falling significantly short of 2030 targets,…

EU Lawmakers Agree on New Rules to Decarbonize Buildings

EU Lawmakers Agree on New Rules to Decarbonize Buildings

Lawmakers in the European Parliament and Council announced today that they have reached a provisional agreement to strengthen the EU’s Energy Performance of Buildings Directive (EPBD), aimed at reducing energy use and emissions in buildings, with revisions including a phase out of fossil fuel boilers, as well as a target for all new buildings to be zero emission by 2030….