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Owens Corning, owner of Paroc AB, celebrated breaking ground on its new sustainabilityinvestment at the Paroc Hällekis plant in Sweden. The project plan is scheduled for a start-up of the electric melting furnace in 2027. The project includes a new 7,500-square-metre facility consisting of two buildings.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements HSBC Buys Biomass-Based Sustainable Aviation Fuel in Deal with Cathay Pacific, EcoCeres Alfa Laval Accelerates Net Zero Goal by 3 Years to 2027 Mercedes-Benz Sharpens Sustainability Focus on 6 Key ESG Areas BlackRock, (..)
We are thrilled to extend our long track record in this area and expand our commitment to driving a more sustainable future, recognizing the urgent need for climate capital deployment.”
The reliability and the availability of the sustainability data will be drastically reduced. The European SustainableInvestment Forum (Eurosif) also warned that the amendments to CSRD, including its reduced scope, will weaken EU sustainability disclosures and undermine legal certainty for investors and businesses.
“Impax Asset Management has long recognized the significant financial and economic benefits that will arise from a shift to cleaner vehicles across company supply chains,” said Julie Gorte, senior vice president, sustainableinvesting, Impax Asset Management. “We
According to the Impact Investing Global Market Report 2023 the market grew from US$420.91 billion in 2027. billion in 2022 to US$495.82 billion in 2023, with a compound annual growth rate of 17.8%
For example, the Ericsson Mobility Report estimates that by 2027, 90% of North American mobile subscriptions are expected to be 5G, compared to only 10% in Sub-Saharan Africa. Scaling faster than any previous mobile generation, it is an exponential technology which, by dint of its unique capabilities (data rate, latency etc.),
Investor-specific guidelines include World Economic Forums Responsible AI Playbook for Investors , the CFA Institutes Ethics and Artificial Intelligence in Investment Management and RAIs Guiding Framework for Responsible AI Integration Into ESG Paradigms tackles specifically sustainableinvesting.
Jessica Pilz, Head of SustainableInvesting for Private Markets at independent asset management firm Fiera Capital, called it a “double-edged sword” for real estate funds. Fund managers will be able to use them from 31 July, with disclosures required 12 months later.
California leading – Possibly influenced by the run of extreme weather the state has experienced this year, Californian legislators passed a climate disclosure rule , which will require large firms to report Scope 3 emissions from 2027, once signed into law by Democratic Governor Gavin Newsom next month.
Both measures are due to be finalised in 2025 and come into force from 2027. “The adoption of the [strategy] is a monumental development for the IMO and opens a new chapter towards maritime decarbonisation,” said IMO Secretary-General Kitack Lim. “At the same time, it is not the end goal.
Learning curve To feel confident in investing in SMRs, investors now need to see cost reductions based on a learning curve, such as has been the case with the likes of wind and solar. billion to support the construction of two nuclear power plants at Sizewell C in southeast England, bringing its total investment in the project to £2.5
BloombergNEF recently predicted global EV sales will exceed 30 million in 2027, rising to 74 million annually by 2040. Attributing many sales to advantageous government-backed salary sacrifice schemes, campaign group Transport and Environment has argued for their extension beyond scheduled expiry in 2027-28.
This week, the ISSB delivered its long-awaited sustainability standards, to overwhelming but not universal acclaim. Double trouble – Undoubtedly, the most significant development in sustainableinvestment this week was the release of its first two standards by the International Sustainability Standards Board (ISSB).
To alleviate these issues, the government has created a plan to become independent from Russian gas by 2027. An initiative “Mission 11” was launched to support people and help them save 11% on energy without investments. The higher energy prices also have an impact on many industries, which drives up consumer prices and inflation.
Members should further begin phasing in decarbonisation targets for their new private debt funds where possible from the start of 2025, to report by 2027. “We are talking about private debt funds in which there is usually a general partner or fund manager between the asset owner and the investment,” said Udo Riese, Global Head of SustainableInvesting (..)
In Europe, the Green Taxonomy and Sustainable Finance Disclosure Regulation have set standards for what counts as sustainableinvesting, which include private equity. That is now changing as ESG has become a priority for asset owners and companies, and as regulation increases the risks of non-compliance.
Nature has been an increasingly important topic for our clients,” said Lucy Thomas, Head of SustainableInvesting at UBS AM. An estimated 14,000 wind turbine blades are due to become obsolete by 2027. According to the report, improving technology lifecycle is also key to managing nature-related risk.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including FFI, PVF, Zurich Resilience Solutions, South Pole, Normative, Verdantix and Alveo. Research and advisory firm Verdantix have forecast a rise in the value of the climate risk digital solutions market to US$4 billion by 2027.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including NatureAlpha, Verdantix, Solactive, Minerva Analytics, Euronext, Joulea, and Clarity AI. index looks to respond to the growing demand for sustainableinvestment tools. billion on carbon management software.
ESG Investor’s weekly round-up of news about funds designed to meet sustainableinvesting criteria, including Invesco, VanEck, ORRAA, Octopus Energy, and Victory Hill. Octopus currently manages 3 GW of renewable energy assets across Europe and aims to create 18 GW of green energy generation projects globally by 2027. .
In its 2023 institutional investor survey , Schroders found that almost 60% of the 700 global investors included identified impact investment as their preferred approach to sustainableinvesting. The impact investing market grew from US$420.91 billion to US$495.82
Nature has been an increasingly important topic for our clients,” said Lucy Thomas, Head of SustainableInvesting at UBS AM. An estimated 14,000 wind turbine blades are due to become obsolete by 2027. According to the report, improving technology lifecycle is also key to managing nature-related risk.
This reflects the normalization of responsible investment activity following five years of rapid growth, during which nearly every asset management firm rushed to acquire ESG data to comply with regulatory requirements and launch sustainableinvestment products.
The ability of corporates to comply is critical to investors, who will increasingly rely on the new standards to make sustainableinvestments. billion by 2027, according to Pransky, with the range and number of tools constantly expanding. The ESG reporting and data management software market is forecast to surpass US$4.3
Its 2024-2027 plan , released last month, was the culmination of 18 months of intense conversations with signatories. An important feedback that PRI received through the consultation was that there is no one way to do responsible investing. This more diverse membership spurred the PRI to revise its strategy, Atkin explained.
The energy supply sector is the largest contributor to global greenhouse gas emissions , responsible for approximately 35% of total emissions. “Buildout of proven renewable infrastructure is one of the key levers to clean up energy supply,” Frances Aderhold, SustainableInvesting Research Analyst at FTI, told ESG Investor.
Photo courtesy of the World Bank Take South Sudan, whose target is to plant one million trees by 2027. In light of these achievements, the global community needs to pay closer attention to the Great Green Wall and invest in Africa-led initiatives that have delivered measurable results for some of the most vulnerable on Earth.
The regulatory roadmap for ESG has shifted once again, and asset owners need to be up to speed with how the changing policies, including in the UK and Europe, will aid or challenge, their ability to spot genuinely sustainableinvestments that align with their own compliance and sustainability objectives. of GDP from April 2027.
And expect the Trump administration to reverse a Biden Department of Labor rule expressly permitting pension trustees to consider ESG issues in investment decisions. But on climate disclosure and fiduciary rights, this will create regulatory confusion more than a firm barrier to sustainableinvesting.
by 2027, reaching 3% by the next Parliament. Individual EU countries are acting separately, including Germanys plans to lift its debt brake rule to unlock limitless investing in the sector. [The investor] should engage the company on such impacts and divest if they do not see material impacts being appropriately managed.
The New York bill will impact companies across the country, said Bryan McGannon, Managing Director of the US SustainableInvestment Forum (US SIF). Subject companies would be required to report emissions data according to a phase-in, with the first reports due in 2027, covering data for the 2026 fiscal year.
From the potential rollback of climate policies, to fears of a hostile environment for sustainableinvesting, to threats of the US leaving the Paris Agreement once more – speculation has been rife. The reelection of Donald Trump to the US presidential office will have sent shivers down many an ESG investor’s spine.
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