The Finance for Biodiversity (FfB) Foundation has published a guide for financial institutions, explaining how financial institutions can manage biodiversity and climate nexus in their investments and lending. The guide, titled Unlocking the biodiversity-climate nexus, which was presented at the European Business and Nature Summit (EBNS) in Milan on the 11-12 October, was written by FfB Foundation’s Impact Assessment working…
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…