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Microsoft and climate solutions provider Anew Climate announced today a new nature-based carbon removal purchase agreement, with Anew delivering more than 970,000 tons of carbon removal credits generated from improved forest management projects across the U.S.
Launched in 2001 as part of TPG’s impactinvesting platform TPG Rise, TPG Rise Climate invests in companies that can enable carbon aversion in a quantifiable way, in areas including clean energy, enabling solutions, decarbonized transport, greening industrials, and agriculture and natural solutions.
Adrien Henry, Vice President Nature Based Solutions at TotalEnergies Exploration & Production, said: “We are thrilled to partner with such experienced specialists as Anew Climate and Aurora Sustainable Lands, who develop high-quality projects aimed at the sustainable preservation of natural carbon sinks which is essential to achieve carbon (..)
Nicole Musicco, CalPERS’ CIO, said: “Peter’s long record of impactinvesting across global markets elevated him in our search and makes him a great fit with the fund’s mission. Rosl Veltmeijer is now Fund Manager of the Triodos Sterling Bond Impact Fund.
ESG Investor’s weekly round-up of moves and appointments in the sustainable investing sector, including ThomasLloyd, MEAG, Alpha Real Capital, DLA Piper, and UKSIF. ThomasLloyd , the Zurich-headquartered global impactinvestment firm, has appointed Smita Nakhooda as its Head of Impact and ESG.
To say that ESG investment benchmarks have come a long way in a short space of time would be an almost heroic understatement. To take one UK-based example, when FTSE4Good was launched in 2001, a pioneering benchmark for socially responsible investing (SRI), the focus was on carbon emissions.
Launched in 2001 and having allocated over US$850 million contributed by governments so far, the Adaptation Fund also aims to give developing countries full ownership of the small-scale, localised adaptation projects it funds.
Larger firms have the luxury of potentially buying carbon credits (which can have limited real-life benefits on improving environment impact), investing in technology and offering higher salaries to attract talent.
In 2001, the internet stock market crisis broke, and later that decade the subprime mortgage crisis sparked the 2008 global financial crisis — the largest since the Great Depression. This paradigm shift is what the Impact Finance Barometer is all about. But how can investors best support this goal?
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