article thumbnail

Five Takeaways From Climate Week NYC 2024

3BL Media

When it comes to investing, sustainable investment funds grew 15% last year , and more than half of investors plan to boost sustainable investments 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.

article thumbnail

EU Names Rules a Stop-gap Solution to Greenwashing

Chris Hall

Garrault highlighted discrepancies between SFDR and the EU Taxonomy, such as the former defining sustainable investments and the latter more specifically identifying environmentally sustainable investments.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Industry Split on SFDR Outcome

Chris Hall

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”.

article thumbnail

Robeco to Target Sustainable Fashion, Ocean & Climate Sustainability, ‘Forever Chemicals’ in Corporate Engagements

ESG Today

The asset manager’s sustainable investment 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.

article thumbnail

EU Fund Names Rules: Too Much Too Soon?

Chris Hall

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.

article thumbnail

Net Zero for EU Real Estate Hinges on EPBD

Chris Hall

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.

Net Zero 115
article thumbnail

Take Five: Follow That

Chris Hall

Follow that – ExxonMobil’s decision to sue two shareholders sent ripples across the sustainable investment 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.

Banking 78