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…
More than two thirds of corporate boards lack a strong understanding of the ESG risks affecting their companies, including only a quarter that report having a strong grasp of carbon emissions and even fewer on their companies’ climate risk or strategy, according to the new U.S.-focused Annual Corporate Directors Survey released by global professional services firm PwC. For the study,…
Tabula Investment Management has launched an ETF to invest in Paris-aligned euro-denominated ultra short investment grade corporate bonds. The Tabula EUR Ultrashort IG Bond Paris-Aligned Climate UCITS ETF from the European ETF provider meets the criteria of an Article 9 fund under the Sustainable Finance Disclosures Regulation (SFDR). It also provides “significantly lower” portfolio greenhouse gas (GHG) emissions and a…
Google announced the introduction of a series of product features and expansions aimed at helping address transportation and energy emissions, including the introduction of its Project Green Light, which uses AI to help cities reduce traffic emissions in 12 cities globally. Green Light is a solution designed to reduce emissions that occur at traffic lights, which can be 29 times…
Advisory, broking and solutions company WTW announced today that it will refocus its climate practice on helping clients quantify, mitigate and transfer climate related risks. As part of the move, WTW said that it will bring its climate and Risk & Analytics capabilities more closely together under common leadership, and announced the appointment of Peter Carter as leader for the…
In this new series for ESG Clarity Asia, we’ll be exploring the opportunities and challenges for sustainable fund selectors in each country in Asia and highlighting the regulation and policy that could affect them. Changes sustainable fund selectors should know about Corporate governance has been a particular hot button issue in Japan for some time, and there is a lot of…