The Biden administration announced the selection of seven sites across the U.S., alongside a $7 billion investment, for the establishment of new clean hydrogen hubs, aimed at dramatically scaling up capacity of low-carbon hydrogen production to decarbonize hard-to-abate industries. According to a White House statement, the hubs are anticipated to collectively produce three million metric tons of hydrogen annually, enabling…

Castlefield has hired a co-manager of its sustainable portfolio funds and platform models. Calum Wells joined the employee-owned financial and investment management business on 3 October to take up the position. In the new role Wells works alongside co-manager Simon Holman on the CFP Castlefield Sustainable Portfolio Growth fund and the CFP Castlefield Sustainable Portfolio Income fund. Wells was most…

Policy guardrails to balance energy, land and nature competition are essential, says Mark Fulton, Founder of the Inevitable Policy Response. In a world grappling with the urgency of climate change, the role of bioenergy in the climate transition is a topic of growing significance for policy makers and investors. It sits at the nexus of the land and energy systems…

The sixth and final status report from the Taskforce on Climate-related Financial Disclosures (TCFD) has been published ahead of their work coming to a close, highlighting steady momentum in companies disclosing climate information. However, the taskforce called on companies to advance their progress to improve data and spur on investment On average for the 2022 fiscal year, companies reported in…

The financial industry came together last night to celebrate the best diversity & inclusion initiatives at the third Pimfa D&I Awards in London. LGT Wealth Management picked up a trio of gongs at the ceremony, while HSBC, Legal & General Investment Management and Lloyds were also recognised for shining a light on “excellent, often untold stories that exist across organisations…

The sustainability advisory firm Chronos Sustainability has appointed Pins Brown as leading human rights expert. Brown brings 25 years’ experience in corporate responsibility and supply chain ethics, the firm said. Most recently, she was director of human rights at Natura & Co where she led the firm’s human rights policy and strategy. This October, Brown became chair of the UK-based…

Stress testing investment portfolios for climate scenarios greater than 2C of warming is, in the main, futile. So, why are we doing it? Let’s look first at why it should be considered ineffective. When thinking about the risks of a changing climate, the standard unit of measurement is gross domestic product (GDP). A report in 2021 from the Swiss Re…

Smart home energy technology startup myenergi announced today that it has secured a £30 million (USD$37 million) from energy transition-focused venture capital investor Energy Impact Partners (EIP), with proceeds to be used to support the company’s growth and internationalization. Founded in 2016, UK-based myenergi manufactures smart home energy devices aimed at enabling users to increase energy independence and utilize self-generated…