EMDE-focused Impact Disclosure Taskforce aims to complement sustainability and impact-focused initiatives, such as the ISSB standards. Better disclosure guidance to issuers, especially those in developing markets, has the potential to close the widening funding gaps that are putting the UN Sustainable Development Goals (SDGs) at risk. This is the view of a new financial institution-driven taskforce which is in the…
EU Markets Regulator Updates Proposed Rules for Fund Names Using “ESG” or “Sustainability” Terms
EU markets regulator the European Securities and Markets Authority (ESMA) announced the release of an update of its proposed guidance for the use of ESG and sustainability-related terms in investment fund names, including the introduction of a new “transition” category enabling the use of labels to identify funds that include investments not currently classified as green, but are focused on…
Guest Post – The Road to Decarbonization: How Blockchain Technology Can Accelerate Your Carbon Agenda
By: Clare Adelgren, EY Global Head of Blockchain Sales and Operations As companies globally accelerate their decarbonization journeys, scope 3 emissions—which include all indirect emissions originating from organizations’ upstream and downstream activities such as supply chain—present a significant challenge. Although scope 3 is often the largest portion of an organization’s carbon footprint, accounting for, it is also the most difficult…
KKR Highlights Brown-to-Green Transition as a Key “Mega-theme” in 2024 Outlook
Global alternative asset and private equity investor KKR announced the release of its 2024 Global Macro Outlook, identifying decarbonization, and the large scale “brown-to-green” transition of asset-heavy sectors in particular, as a key “mega-theme” driving investment opportunities. In the report by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation, KKR notes that while…
Apax Raises $900 Million for Global Impact Fund
Private equity investor Apax announced the final close of the Apax Global Impact Fund (AGI), with commitments of approximately $900 million for investments in companies that provide products and services addressing environmental and social issues. According to Apax, the fund aims to support companies delivering tangible social or environmental impact, targeting key themes including Health & Wellness, Environment & Resources,…
U.S. Grants $890 Million for Carbon Capture Projects at Coal and Gas Power Plants
The U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) announced that it will award up to $890 million to projects at three natural gas and coal-fired power plants, aimed at demonstrating carbon capture, transport and storage technologies to reduce emissions from the plants. According to the DOE, the three projects, located in California, North Dakota, and Texas,…