Nordea, Sycomore and Evenlode were among the asset manager names recognised in the sixth ESG and Sustainability Champions by MainStreet Partners. The data provider looked for fund groups and portfolios that demonstrated “exceptional performance in addressing ESG and sustainability challenges” across multiple asset classes. Sophie Meatyard, MainStreet Partners’ head of fund research, explained the methodology was updated last year: “At…
1PointFive, the carbon capture, utilization and sequestration (CCUS)-focused subsidiary of energy giant Occidental (Oxy) announced a new agreement with global management consulting firm Bain & Company for the purchase of 9,000 metric tons of carbon dioxide removal (CDR) credits over three years. The CDR credits for the new agreement will be generated using direct air capture (DAC) technology from 1PointFive’s…
Microsoft announced the launch of its new Community-First AI Infrastructure initiative, outlining a series of five key commitments focused on building and operating datacenters responsibly as the company continues to build out its AI infrastructure footprint. According to a post announcing the initiative by Microsoft President Brad Smith, the new plan commits the company to “concrete steps needed to be…
Denmark-based energy developer Ørsted announced that a U.S. District Court has issued a preliminary injunction against an order by the Trump administration to halt work on Revolution Wind, a nearly complete multi-billion dollar offshore wind project off the coast of Rhode Island, enabling work on the project to resume. Revolution Wind is a 50/50 joint venture between Ørsted and BlackRock’s…
A significant majority of investors and financial institutions believe that the recently released proposed simplified European Sustainability Reporting Standards (ESRS) will negatively impact the quality of sustainability information that they receive from companies, citing concerns including reduced comparability and loss of critical climate and environmental data, according to a new study released by the European Financial Reporting Advisory Group (EFRAG),…