Benchmark assessments show long-term targets not supported by detail on short-term goals, decarbonisation strategy and capital allocation. Climate Action 100+ (CA100+) has warned that carbon-intensive companies are not progressing fast enough to align with the objectives of the Paris Agreement, supporting the rationale for its revised engagement strategy. The investor-led initiative said firms needed to increase the scale and…
EU Commission to Delay Adoption of Sustainability Reporting Rules by 2 Years
Proposals would postpone sector-specific and non-EU company sustainability reporting rules The European Commission announced plans to delay key aspects of its Corporate Sustainable Reporting Directive (CSRD), including the adoption of requirements for companies to provide sector-specific sustainability disclosures and for sustainability reporting from companies outside of the EU. The announcement was made as part of the Commission’s release of its…
CA100+: Companies are ‘undermining’ climate policy
Results from the latest round of Climate Action 100+’s (CA100+) Net Zero Company Benchmark assessments show that most focus companies are not on track to meet the goals of the Paris Agreement and reduce investor risk. Implementing an updated and more ambitious benchmark to assess focus companies on their net zero transition plans, CA100+ found that significant progress is still needed…
Macquarie Invests $325 Million in Green Fertilizer Company Atlas Agro
Macquarie Asset Management announced an investment of up to $325 million in Swiss green nitrogen fertilizer company Atlas Agro, Aimed at supporting the company’s growth, and vision to provide a sustainable alternative to conventional fossil-fuel based fertilizer products. Production of fertilizers such as nitrogen is an energy intensive process that, when it uses fossil fuels, contributes an estimated 2% of…
What are the most important factors of ESG 2.0?
A new era of ESG measures are areas at the top of the agenda at asset manager Allianz Global Investors (Allianz GI), who recently outlined their sustainability journey and thoughts for the future at a conference. Alongside impact investing, transition finance, rising climate costs and the role of sovereign funds, Allianz GI’s team expressed interest in exploring what exactly ‘ESG…
EU Bank Regulator Recommends Accelerating Integration of ESG Risks into Capital Requirement Framework
EU banking supervisor the European Banking Authority (EBA) announced the publication of a new report assessing the role of environmental and social risks in its prudential supervision framework for banks and investment firms, including recommendations for the acceleration of these risks across the Pillar 1 framework, which defines banks’ minimum capital requirements. According to the EBA, the new report comes…