Goldman Sachs Asset Management announced today the launch of the Goldman Sachs Global Green Bond UCITS ETF, a new Article 9 fund tracking a bespoke index developed with Solactive, tracking the performance of investment-grade bonds denominated in G10 currencies. The new ETF comes follows several years of growth in green bond issuance, as corporate and government issuers move to finance…
IBM announced the launch of a new Supply Chain Intelligence module in its ESG data collection, analysis and reporting platform IBM Envizi ESG Suite, adding capabilities for companies to collect and analyze supply chain emissions for Scope 3 calculation and reporting. The new features come as companies globally face increasing regulatory pressure to report on their Scope 3 emissions, or…
Reflecting on recent global climate change conferences, where businesses and governments alike identified the need for radical transformation, Dr. Matthew Bell, EY Global Climate Change and Sustainability Services Leader, questions why more sustainability leaders aren’t mapping out their own career paths to become future chief executive officers (CEOs). I was inspired by a personal revelation in a recent EY survey,…
JPMorgan Asset Management (JPMAM) has withdrawn from Climate Action 100+, a climate-focused investor network focused on engaging with companies to reduce their greenhouse gas emissions and implement climate transition plans. According to a statement from a JPMAM spokesperson, the firm’s decision follows the development of its internal engagement capabilities, allowing the company to act on its own. The spokesperson said:…
The government of Japan announced the completion of its first-ever Climate Transition Bond offering, raising JPY800 billion (USD$5.3 billion) in proceeds aimed at funding efforts to support the country’s transformation to a carbon neutral economy, with a particular focus on decarbonizing hard-to-abate industrial sectors. The issuance of the 10-year bond marks the first tranche in a planned $11 billion transition…
AXA Investment Managers has launched a global bond fund aimed at decarbonisation, with investment consulting firm Aon providing seed capital of £127m. The fund, dubbed the AXA ACT Carbon Transition Global Short Duration Bond fund, will be led by Nicolas Trindade, who currently manages near £2bn for AXA IM in global and sterling liquid fixed income funds. The actively-managed fund…
It’s little over a month since provisional agreement was reached on the text of the highly anticipated Corporate Sustainability Due Diligence Directive (CSDDD). Since then, the pace quickened, with the EU releasing a final draft in the past few days, in anticipation of a ratification vote, only to have the brakes applied after Estonia, Finland, Germany and Italy signalled their…
Climate solutions company Rimere announced a $10 million strategic investment from renewable natural gas (RNG) provider Clean Energy Fuels, with proceeds aimed at advancing Rimere’s solutions to convert methane and natural gas into sustainable materials, including clean hydrogen. Founded in 2020, Rimere’s sequential hybrid plasma technology breaks apart methane molecules for reconfiguration into cleaner alternatives. The company’s solutions include Reformer,…
Investment giant BlackRock announced the expansion of its Voting Choice program for the first time to individual investors, extending the program to retail investors representing approximately $200 billion assets in its iShares Core S&P 500 ETF. The move opens up the program enabling investors to control their own proxy voting choices to over three million shareholder accounts of the S&P…