CFA Institute has launched the UK edition of its voluntary diversity, equity and inclusion (DEI) code for the investment profession designed to support organisations seeking to accelerate change by fostering a commitment to DEI. Signatory firms would commit to six metrics-based principles under the DEI Code intended to enable the greater inclusion of wider viewpoints from the best talent, with…

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…

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…

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…

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…

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…

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.