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Engaging with investment trusts on human rights

Engaging with investment trusts on human rights

To achieve net zero by 2050, investment in renewable energy must triple by 2030, reaching around $4trn (£3.2trn). However, as the renewables industry expands at pace, so too have concerns about its social impact. Allegations of forced labour in solar supply chains, child labour in battery mineral sourcing, and indigenous rights violations in wind farms highlight the need for a…

UK Fiduciary Duty Review Puts Doubts to Bed

Climate and other sustainability-linked themes are integral to pension trustees’ investment decisions, the FMLC has determined.  A new review of pension trustees’ fiduciary duties and the extent to which they can account for climate and sustainability themes has “broadened the frame” and provided much-needed clarity, industry experts have said.  The review was promised by the UK government as part of…

Voyager Ventures Raises $100 Million for Climate Tech VC Fund

Voyager Ventures Raises $100 Million for Climate Tech VC Fund

Decarbonization-focused VC investor Voyager Ventures announced that it has raised $100 million for Voyager Partners Select I, its second venture fund targeting investments in climate technology startups. Founded in 2021 by Sierra Peterson and Sarah Sclarsic, Voyager Ventures invests in early-stage climate technology companies advancing global decarbonization solutions for sectors including mobility, energy, materials, food, the built environment, analytics, industrial…

EU lawmakers agree on proposal to regulate ESG ratings providers

On 5 February 2024, the Council of the EU and the European Parliament reached a provisional agreement for a regulation on ESG rating activities (the “Proposed EU Regulation“). The Proposed EU Regulation differs in certain respects from the version that was agreed upon by the Council of the EU in December 2023. The Proposed EU Regulation has not substantively changed…

EU Lawmakers Agree to Delay Sustainability Reporting Standards for Specific Sectors and non-EU Companies by 2 Years

EU Lawmakers Agree to Delay Sustainability Reporting Standards for Specific Sectors and non-EU Companies by 2 Years

Lawmakers in the European Parliament and Council announced today that they have reached a provisional agreement on a directive to delay the adoption of standards for companies to provide sector-specific sustainability disclosures and for sustainability reporting from companies outside of the EU under the Corporate Sustainability Reporting Directive (CSRD). While the deal, aimed at providing more time for companies to…

COP28 insights mini-series

Our mini Q&A series followed COP28, providing you with a quick and easy way to see how the discussions evolved. Our coverage highlighted significant and recent developments from a legal perspective, allowing you to assess the impact of these on your business.  View the mini Q&A series at Mayerbrown.com. The post COP28 insights mini-series appeared first on Eye on ESG.

Only 27% of Execs Report Having Access to High Quality Sustainability Data: Salesforce Survey

Only 27% of Execs Report Having Access to High Quality Sustainability Data: Salesforce Survey

Only around one in four senior business executives report that they have access to high quality sustainability data, and nearly 60% anticipate difficulty complying with new sustainability reporting regulations, while nearly all agree that sustainability is crucial to the success of their organizations, according to a new survey conducted by CRM solutions provider  Salesforce, in partnership with insights and advisory…

Calamos Fund Courts European ESG Investors

Co-branded sustainable equities fund offers US exposure, with 10% of proceeds earmarked for philanthropic causes selected by basketball megastar.   Global investment firm Calamos Investments’ Calamos Antetokounmpo US Sustainable Equities Fund aims to meet European demand for access to US companies, but also offers a twist via a joint venture with Greek basketball superstar Giannis Antetokounmpo.  The fund, classified as Article…

US green transition won’t be Trumped by politics

US green transition won’t be Trumped by politics

We know there will be a US presidential election this year. What we do not know with any certainty yet, is who will win. This makes it harder than usual to predict the future direction of policy. And right now, one of the most talked about areas of all is the green transition. Especially now that investment is increasing so…

PRI’s five-star ratings for asset managers in 2023

PRI’s five-star ratings for asset managers in 2023

UN Principles of Responsible Investment has been delivering report cards to asset managers rating their responsible investment practices for the past year. Investment manager signatories report annually on their responsible investment activities using the organisation’s reporting framework, and then receive an assessment report showing how these activities and progress have been rated. The reports, and the summary scorecards which go…