DWS, one of the largest asset managers in Europe, and MEAG, the asset manager of Munich Re and ERGO, announced today the joint acquisition of German biomethane and biogas producer Weltec. Based in Vechta, Lower Saxony, Weltec owns and operates five biomethane and four biogas plants across Germany. Biogas is produced from organic waste, such as agricultural, industrial, and household…
Investment management firm Fidelity International announced today the expansion of its sustainability team with two new senior hires, including Phil Cliff, joining from M&G Investments, and Aaron Hay, from Federated Hermes, as Directors, Sustainable Investing. The announcement marks the latest in a series of senior sustainability-focused appointments for the firm, including the recent appointment of Jenn-Hui Tan as its first…
A coalition of large U.S. companies announced the launch of the Clean Energy Procurement Academy, a new initiative aimed at addressing supply chain emissions by equipping companies with skills and knowledge required to explore and adopt clean energy. The project was initiated by Apple and Nike through the non-profit Clean Energy Buyers Institute (CEBI), and joined by companies including Amazon,…
Investors are backing the U.S. Securities and Exchange Commission’s (SEC) proposal for Scope 3 value chain emissions reporting from companies, saying that it provides them with key information to assess company risk, according to SEC Chair Gary Gensler’s comments in a forum discussion at the U.S. Chamber of Commerce. The comments suggest that Scope 3 emissions reporting will likely remain…
The Coca-Cola Company announced today the launch of 100% recycled plastic bottles in Canada, with all 500 ml sparkling beverages bottles – including flagship brands Coca-Cola, Sprite and Fanta – in the country using 100% recycled plastic, excluding caps and labels, by early 2024. According to the company, the move will save 7.6 million pounds of new plastic in 2024,…
Financial and industry data, research and news provider S&P Global Market Intelligence and management consulting firm Oliver Wyman today announced the addition of climate-related physical risk to theClimate Credit Analytics solution, aimed at enabling clients to understand and manage companies’ and portfolios’ physical and financial exposure to climate change. S&P Global and Oliver Wyman launched Climate Credit Analytics in June…