James Phare, CEO of Neural Alpha, describes how AI can be used to understand the system-level risks arising from the UN’s Global Biodiversity Framework. Last week over 5,600 delegates from 190 countries gathered at the headquarters of the UN Environment Programme (UNEP) in Nairobi for the sixth session of the United Nations Environment Assembly (UNEA-6). As the world’s top decision-making body…
SEC Faces Backlash over Scope 3 Removal
Experts have welcomed the release of the much-awaited US climate disclosure requirements, but criticise divergence from other reporting regimes. A decision from the US Securities and Exchange Commission (SEC) to drop Scope 3 emissions from its much-awaited climate disclosure rules will create uncertainty around climate risks posed by US companies, industry pundits have warned. In a landmark decision yesterday, three…
Guidance Seeks to Boost UK Pensions’ Social Grasp
Trustees and advisors offered voluntary framework for embedding social factors in policies and processes; taskforce calls for regulators to set expectations. The Taskforce on Social Factors (TSF) has unveiled final guidance to help UK pension fund trustees improve their assessment of social factors in investment decisions and stewardship. The taskforce was set up by the UK government’s Department of Work…
Mirova Launches New €200 Million Private Equity Impact Fund
Sustainability-focused investment manager Mirova has announced the launch of Mirova Impact Life Essentials (MILE), a new private equity fund aimed at supporting companies contributing to the transition to a better society by addressing key sustainability challenges ranging from climate change to growing inequality, Mirova said that it aims to raise €200 million (USD$218 million) from institutional and individual investors for…
SWISS, Lufthansa Group Sign Carbon Removal Deal with Climeworks
Zurich-based Direct Air Capture (DAC) carbon removal provider Climeworks announced today a new long-term agreement with Lufthansa Group and Lufthansa subsidiary Swiss International Air Lines aimed at addressing the airline’s unavoidable CO2 emissions. DAC technology, listed by the IEA as a key carbon removal option in the transition to a net-zero energy system, extracts CO2 directly from the atmosphere for…
Republican States Launch Lawsuit to Block New SEC Climate Disclosure Rules
A coalition of ten Republican states announced the launch of a lawsuit in the U.S. federal appeals court, aimed at blocking the implementation of the U.S. Securities and Exchange Commission’s (SEC) new climate-related disclosure rules. The new suit could mark the first major hurdle for the new rules, only hours after their adoption by the SEC on Wednesday, with U.S….
Unilever Sets New Goals to Cut Value Chain Emissions by 2030
Global consumer brands company Unilever announced today the release of its new Climate Transition Action Plan (CTAP), outlining the company’s strategy to become a lower-emissions business and achieve its climate goals, and introducing new value chain emissions targets, amounting to a 39% absolute reduction in total targeted Scope 3 emissions by 2030. The new Unilever climate transition plan follows the…
Deep-sea Mining Deemed Financially Unviable
The fledgling industry could lead to an estimated half-trillion dollars in losses, with investors being urged to protect Earth’s “last frontier”. Claims that investment in deep-sea mining (DSM) will unlock strong returns for investors have been described as a “false narrative” by non-profit financial think tank Planet Tracker. As human attention increasingly turns to the Earth’s “last frontier” – the deep…
Matthews Transitions Asian Funds to Article 8
Re-categorisation marks latest shift to bolster sustainable investment and analytical resources, as focus on smaller firms offers greater impact for investors. Investment management firm Matthews has moved its last six UCITS funds to Article 8 to better meet demand from European investors seeking investment opportunities in Asia and emerging markets. The shift means Matthews’ funds now comprise 14 Article 8…
HEY GEN AI: HOW DO YOU SOLVE A PROBLEM LIKE GREENWASHING?
First published in the Financial Times’ Banking Risk & Regulation, the article by Cail Wyn Evans and Oliver Williams explores the adoption of GenAI to identify greenwashing. Continue reading at Mayerbrown.com. The post HEY GEN AI: HOW DO YOU SOLVE A PROBLEM LIKE GREENWASHING? appeared first on Eye on ESG.