A selection of the major stories impacting ESG investors, in five easy pieces. In the two weeks since our last blog, concepts of leadership on climate and sustainable investing have been further reshaped. Green kingdom – Late last week, Saudi Arabia unveiled its Green Financing Framework, which seeks to attract funding for a range of sustainable investment opportunities, aligned with…
Integral and Influential
Karin Pasha-Huizinga, Responsible Investment Officer at Colesco Capital, says private markets should be frontrunning the transition towards a more sustainable society. Consumer behaviour is changing rapidly: vegan and vegetarian menus can now be found at the vast majority of restaurants, vintage clothing shops are popping up, taking a reusable cup to a coffee shop is now commonplace, and energy ratings…
Into the Mainstream
Justine Leigh-Bell, Executive Director at Anthropocene Fixed Income Institute, surveys the sustainability-linked bond market and outlines steps to widen the investor base. Sustainability-linked bonds (SLBs), which first emerged in late 2019, have seen a ramp-up in adoption, as more corporates and sovereigns set ambitious commitments to transition towards net zero carbon emissions. The market has grown to US$279 billion, totalling…
Chip Innovation Heightens Water Risks
Semiconductor producers’ growing demand for water could outstrip reliable supply, explains Erica de Souza, APAC Regional Manager, Water Security at CDP. What does a Toyota Prius, a dishwasher and a long-range laser-guided hypersonic missile have in common? The answer is semiconductors, the ubiquitous microchips that power the modern economy. They underpin the transformative innovations, like artificial intelligence, that are…
On the Cusp of a New Era
Latin America’s next phase of impact investing must embrace the region’s specific challenges and opportunities, says Ahmad El Jurdi, Principal at Lightrock. In recent years, Latin America has been at the core of a paradox within the global investment landscape. On one hand, the region experienced a significant downturn in funding in 2021, reflecting broader global economic challenges and investor…
No Evidence of CA100+ Voting Collusion
Analysis shows US support for climate-focused shareholder proposals diverged from EU, as investor-led initiative updates FAQs to further assuage anti-trust concerns. A new report from Morningstar has found the proxy-voting records for 20 high-profile climate resolutions last year contradicted accusations of collusion levelled at Climate Action 100+ (CA100+). The investor-led initiative has faced accusations of collusive behaviour from some US…
Bloomberg Launches New Suite of “Climate Tilted” Versions of Government Bond Indices
Bloomberg announced today the launch of the Bloomberg Government Climate Tilted Bond Indices, a new series of government bond benchmarks aimed at offering investors with exposure to its flagship fixed income benchmarks, in addition to the low-carbon transition, by increasing weightings on countries incorporating climate transition objectives. At launch, the new series will include 14 indices, including global, Eurozone and…
Clean Energy Developer Solarig to Build $850 Million Sustainable Aviation Fuel Plant in Spain
Clean energy developer Solarig announced today that it will develop a new sustainable aviation fuel (SAF) plant in Spain, with a production capacity of 60,000 tonnes (approximately 75 million liters) of SAF per year. The company anticipates that it will invest €780 million (USD$847 million) in the new plant, located in in Parque Empresarial del Medio Ambiente (PEMA) located in…
Farmers, Financiers Urged to Seek Pastures New
Livestock funding swells US banks’ financed emissions, research warns, as Brazil’s cattle sector told to get to grips with transition. Livestock producers and their financial backers stand to benefit financially and strategically by accelerating their transition to more sustainable practices, according to new research. But the reports also highlight the environmental and revenue risks from current finance flows, which are currently…
Biden Administration Announces $20 Billion of Awards to Finance Clean Energy Projects in Low-Income Communities
The Biden administration announced today the selection of $20 billion of awards to fund thousands of climate and clean energy projects across the U.S., with a particular focus on low-income and disadvantaged communities. The buildout of clean energy capacity has been key focus areas for the Biden administration’s climate agenda, with the administration’s Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) including allocations…