From the outset, the US proxy season was geared up to be eventful as companies, regulators, shareholders and other stakeholders adapted to an evolving policy and legal landscape. As an active investor, when we invest in a company on behalf of our clients, we can protect and enhance the value of that investment by engaging with those companies on salient…
CFM Raises Over US$1 Billion for Climate Infrastructure Fund
Climate-focused blended finance investment manager Climate Fund Managers (CFM) has closed its second climate investment vehicle with more than US$1 billion in commitments, marking what it calls the world’s largest adaptation-focused infrastructure fund for developing economies. Created in 2019 alongside the European Commission and the Dutch Fund for Climate and Development, the Climate Investor Two (CI2) fund is designed to…
Stegra Launches New Financing Round to Build First-Ever Large-Scale Green Steel Plant
Swedish green iron and steel maker Stegra has entered a new financing round to support the development of the world’s first large-scale green steel plant in Boden, Sweden, following strong initial backing from existing investors. Founded in 2020, Stegra utilizes hydrogen produced using green power to remove the oxygen from iron oxide, avoiding most of the CO2 emissions normally produced,…
Schroders Achieves 100% Renewable Electricity Goal
Global investment manager Schroders announced today that it has reached its goal to source 100% renewable electricity for its global operations. The shift to clean energy forms one of Schroders key operational climate goals, which include targets to increase sourcing of renewable electricity to 100% by 2025, reducing absolute Scope 1 and 2 emissions by 46% and business travel emissions by…
SEC Chief Asks Commission to Reconsider Rules Allowing Shareholder ESG Proposals
The U.S. Securities and Exchange Commission (SEC) will consider significant changes to the shareholder proposal process including re-evaluating rules requiring companies to bring ESG-related proposals to a vote at annual meetings, according to comments by SEC Chair Paul Atkins. In the remarks, made during a keynote speech at the University of Delaware, Atkins said that the Commission’s proposed “Shareholder Proposal…
ESG Today: Week in Review
This week in ESG news: EU lawmakers reach deal to cut sustainability reporting and due diligence laws; Brookfield raises record $20 billion for clean energy fund; ISO launches new biodiversity standard; Mars, Cargill sign deals to build over 100 renewable energy projects; Novata acquires sustainability reporting solutions provider Atlas Metrics; EU to delay sustainability reporting standards for non-EU companies; Google…