Investors focused on executive remuneration are looking to close the CEO-to-worker pay ratio. The average annual salary in the UK, EU and US is £32,000, €33,500 and US$54,132 respectively. Meanwhile, company CEOs are receiving annual remuneration that often edges into the millions. While the responsibilities of a CEO or other c-suite executives – and the skills it takes to be…
Dollar Tree to Deploy Community Solar Projects to Power Stores
Discount retailer Dollar Tree and renewable energy solutions provider DSD Renewables announced a new agreement to deploy a community solar portfolio to power select Dollar Tree and Family Dollar locations in New York. Under the new collaboration, the companies will deploy seven projects, with capacity of nearly 42 MW, built by DSD, with Dollar Tree serving as an anchor tenant…
Franklin Templeton Launches Fund Targeting Companies with Improving ESG Profiles
Global investment manager Franklin Templeton’s specialist investment manager ClearBridge Investments announced today the launch of the FTGF ClearBridge Global Sustainability Improvers Fund, a new global value equity fund investing in undervalued companies with improving ESG profiles. According to Jaspal Sagger, Global Head of Product at Franklin Templeton, the new fund aims to enable investors with the ability in companies in…
Universities seed Osmosis fund addressing fossil fuel divestment risk
The University of New South Wales in Sydney Australia and Oxford University Endowment Management (OUEM) in the UK are seeding the fund launch of Osmosis Developed Markets Resource Efficient Core Equity ex-Fossil Fuels fund. Available to wholesale investors, Osmosis has developed the product to address the risks and unintended bets bought into portfolios from fossil fuel divestment. A statement from…
easyJet, Airbus Sign Deal to Offset Flight Emissions with DAC Carbon Capture Technology
Aerospace giant Airbus announced that easyJet has become the first airline globally to join its Airbus Carbon Capture Offer’s carbon removal initiative, utilizing Direct Air Carbon Capture and Storage (DAC) to help achieve the airline’s aviation decarbonization goals. The aviation industry accounted for nearly 3% of global energy-related CO2 emissions in 2022 and emissions have been steadily climbing to over…
TPT Launches “Gold Standard” Framework for Climate Transition Plan Disclosure
The UK’s Transition Plan Taskforce (TPT) announced the release of the final version of the TPT Disclosure Framework, aimed at providing a “gold standard” for companies to develop and report on their climate transition plans. The launch of the new disclosure framework comes as companies globally are increasingly announcing net zero commitments, but many have yet to articulate and disclose…
Are sustainability standards converging in the finance sector?
With a variety of initiatives aiming to harmonise sustainability standards and definitions globally, how can finance professionals comply to the range of divergent and perhaps conflicting rulebooks? The post Are sustainability standards converging in the finance sector? appeared first on VitalBriefing.
Mental health awareness grows but company commitment stagnates
Mental health awareness within a professional environment continues to grow globally, with 95% of companies acknowledging the topic as important to business, CCLA Investment Management’s report found. Its second annual report, released on World Mental Health Day, details that while almost all companies show a value for mental health, only 17% of CEOs have displayed public leadership commitment to the…