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SustainableInvestment Forum, in a statement. Smaller companies will start reporting in 2028. vice-president and co-founder of sustainable asset firm Generation Investment Management. “But
Drastic changes to the scope of sustainability reporting rules will limit investor access to comparable and reliable sustainability data, said Aleksandra Palinska, executive director at the European SustainableInvestment Forum, Europes umbrella network for sustainable finance, in a press release.
When it comes to investing, sustainableinvestment funds grew 15% last year , and more than half of investors plan to boost sustainableinvestments in the coming year. Forbes estimates that AI will double the demand for data center energy consumption by 2028 in an already energy-stressed world.
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.
The asset manager’s sustainableinvestment engagements typically run for three-year periods, with engagement specialists in contact with selected investee companies to track progress against objectives. According to Robeco, each of its engagement topics were selected following consultation with clients.
Parliament took a more ambitious stance overall, determining that all new buildings should be zero-emission from 2028 and existing buildings would need to achieve climate neutrality by 2050.
But many respondents – including Eurosif – find it insufficiently clear in defining key terms and acknowledge it is used as a de facto labelling regime.” French asset manager Mirova’s response to the commission’s consultation suggested the current definition of Article 8 products was too broad, and the Article 9 definition was “too narrow”.
Follow that – ExxonMobil’s decision to sue two shareholders sent ripples across the sustainableinvestment pond, ahead of another fractious annual general meeting (AGM) season. This week, ExxonMobil weren’t the only ones consulting their lawyers on ESG-related matters.
Garrault highlighted discrepancies between SFDR and the EU Taxonomy, such as the former defining sustainableinvestments and the latter more specifically identifying environmentally sustainableinvestments.
Although ESMA scrapped the 50% sustainability-related investment threshold for EU-domiciled funds using a sustainability-related name, it has kept a minimum requirement of 80% of investments for funds that claim to have an environmental, social or sustainable objective.
BP has cut its oil and gas production reduction target from 40% to 25% by 2030, Shell dropped its goal to cut oil production by the same deadline, and TotalEnergies plans to increase both its oil and gas production by 2-3% per year until 2028. It’s also a sellable GHG product for oil and gas firms.
The EU Green Taxonomy is one of the cornerstones of the EU Action Plan on financing sustainable growth and is also the foundation of many other pieces of legislation currently being implemented. By refining reporting practices and legislative clarity, the EU Green Taxonomy can become an even more powerful driver of sustainableinvestments.
“To continue to drive energy transition in Asia, we believe there is room for engagement with wider stakeholders and to further strive for commitments that are aligned with the Paris Agreement,” Yi-Chen Chiang, Director of SustainableInvestment, Asia, at Manulife Investment Management, told ESG Investor.
The Hydrogen Council and McKinsey had predicted in a 2021 report that price parity between green and grey hydrogen (produced from unabated fossil gas) would be reached between 2028 and 2034. In the meantime, carbon prices and, where necessary, carbon contracts for difference (CCfDs) will play a vital role. .
by Maria Lettini, CEO of the US SIF: The SustainableInvestment Forum As we celebrate Women’s History Month, it is again a time of reflection. And, by 2028, estimates suggest women will be responsible for 75% of discretionary spending. The World Bank estimated that there are still almost 2.4
Notably, the Commission chose to retain the CSRDs double materiality reporting approach, requiring reporting both on the risks and impact of sustainability issues on an enterprise, as well as on the enterprises impacts on environment and society.
“It’s an unparalleled and historic piece of climate legislation that’s likely to be a significant catalyst for driving investment into the country’s [net zero] transition for years to come,” says Nikita Singhal, Co-Head of SustainableInvestment and ESG at Lazard Asset Management. Companies have been responding.
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.
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