Climate and other sustainability-linked themes are integral to pension trustees’ investment decisions, the FMLC has determined. A new review of pension trustees’ fiduciary duties and the extent to which they can account for climate and sustainability themes has “broadened the frame” and provided much-needed clarity, industry experts have said. The review was promised by the UK government as part of…
Voyager Ventures Raises $100 Million for Climate Tech VC Fund
Decarbonization-focused VC investor Voyager Ventures announced that it has raised $100 million for Voyager Partners Select I, its second venture fund targeting investments in climate technology startups. Founded in 2021 by Sierra Peterson and Sarah Sclarsic, Voyager Ventures invests in early-stage climate technology companies advancing global decarbonization solutions for sectors including mobility, energy, materials, food, the built environment, analytics, industrial…
EU Lawmakers Agree to Delay Sustainability Reporting Standards for Specific Sectors and non-EU Companies by 2 Years
Lawmakers in the European Parliament and Council announced today that they have reached a provisional agreement on a directive to delay the adoption of standards for companies to provide sector-specific sustainability disclosures and for sustainability reporting from companies outside of the EU under the Corporate Sustainability Reporting Directive (CSRD). While the deal, aimed at providing more time for companies to…
Only 27% of Execs Report Having Access to High Quality Sustainability Data: Salesforce Survey
Only around one in four senior business executives report that they have access to high quality sustainability data, and nearly 60% anticipate difficulty complying with new sustainability reporting regulations, while nearly all agree that sustainability is crucial to the success of their organizations, according to a new survey conducted by CRM solutions provider Salesforce, in partnership with insights and advisory…
US green transition won’t be Trumped by politics
We know there will be a US presidential election this year. What we do not know with any certainty yet, is who will win. This makes it harder than usual to predict the future direction of policy. And right now, one of the most talked about areas of all is the green transition. Especially now that investment is increasing so…
PRI’s five-star ratings for asset managers in 2023
UN Principles of Responsible Investment has been delivering report cards to asset managers rating their responsible investment practices for the past year. Investment manager signatories report annually on their responsible investment activities using the organisation’s reporting framework, and then receive an assessment report showing how these activities and progress have been rated. The reports, and the summary scorecards which go…