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Edinburgh-based global investment company abrdn announced today the appointment of Dan Grandage as ChiefSustainabilityOfficer, Investments, replacing Amanda Young in the role, who left the business at the end of April after leading the firm’s sustainableinvesting group since early 2022.
CPP Investments, the investment manager of the Canada Pension Plan, announced today the appointment of Richard Manley as ChiefSustainabilityOfficer. Manley has been serving as Head of SustainableInvesting at CPP Investments, since joining the firm in 2019.
"We are excited to join PCAF and to support the important work they are leading to build a methodology for global banks' efforts to track and measure climatechange risks," said Audrey Choi, Morgan Stanley's chiefsustainabilityofficer and CEO of the Morgan Stanley Institute for SustainableInvesting.
Europe, and Japan, “close to 80% of individual investors believe that it is possible to balance market rate returns with a focus on sustainability,” notes Jessica Alford, chiefsustainabilityofficer of the company. The survey was conducted by Morgan Stanley Wealth Management and the Institute for SustainableInvesting.
Investment management firm Fidelity International announced today a new focused sustainableinvestment approach, targeting four systemic themes, including nature loss, climatechange, strong and effective governance, and social disparities, which will drive the firm’s engagement approach towards influencing positive change.
By pledging to grow its portfolio of oil and gas assets, CPPIB is making an alarming bet on the world failing to limit global heating to safe levels, putting the CPP at risk from an accelerating energy transition and our retirement security at risk from catastrophic climatechange.
In recent years, some of the group’s largest members – including Microsoft, Ford, Meta, even Shell – have publicly challenged the trade organization’s advocacy around climatechange. As Dylan Tanner, the founder of InfluenceMap, puts it, climatechange is ultimately a function of physics and chemistry.
The study also found nearly all companies, 92% expect climatechange to impact their business models by 2050, while 23% report that it is already a risk to their business model today, similar to risks including technological change (25%), competitor actions (25%) and supply chain instability (23%).
The announcement marks the latest in a series of sustainability-focused partnerships for Mizuho, including the recent formation of a “sustainability alliance” with Lombard Odier with agreements to partner on sustainableinvestment products and solutions, and a collaboration with LSEG to help provide clients with access to carbon markets.
Emma Crystal, ChiefSustainabilityOfficer at Credit Suisse, said: “As we seek to limit the impacts of climatechange, many sectors of the economy will need to adapt and evolve. Tackling climatechange and accelerating the transition to net zero are vitally important for society, and we intend to do our part.
Kering, owner of luxury brands including Gucci, Saint Laurent, and Bottega Veneta, and Natural cosmetics and well-being products manufacturer and retailer L’OCCITANE Group announced today the launch of Climate Fund for Nature, aimed at supporting high-quality projects dedicated to nature protection and restoration.
Sustainable solutions : Solutions that enable electrification, energy transition, electric grid resilience, increase efficiency in ground and air transportation or improve air quality represented 71% of the company’s net sales in 2022, up from 65% in 2021. Full results can be seen on the company’s 2022 Sustainability Dashboard. “At
Institutional investors need to grasp its E, S and G risks quickly to use and invest in AI effectively, says Lorenzo Saa, ChiefSustainabilityOfficer of Clarity AI. Just like for climatechange, this shift will require a just transition, with governments and companies investing in training to help workers adapt.
Darius Adamczyk, chairman and CEO of Honeywell, said “Despite challenging macroeconomic conditions, organizations remain committed to the fight against climatechange and their sustainability goals.
We see the far-reaching implications of climatechange in our operations and sourcing regions,” said Ezgi Barcenas, chiefsustainabilityofficer, Anheuser-Busch InBev. For more information on how SAP helps companies record, report, and act on their sustainability goals, visit sap.com/sustainability.
Nature, biodiversity and degradation is even more emotional, more local, and a more global issue than climatechange,” he said. But Craig was also cognisant of the challenges the TNFD will face as it begins its journey to standardisation. China has made some progress on exploring methodology and application of GEP,” he said.
ESG Investor’s weekly round-up of new hires in the sustainableinvesting sector, including abrdn, HSBC AM, Impax and Low Carbon. . Previously Global Head of Responsible Investment at abrdn, Amanda Young has been appointed to the executive role of ChiefSustainabilityOfficer to lead the group.
ESG Investor’s weekly round-up of moves and appointments in the sustainableinvesting sector, including AXA IM, Macquarie AM, Pollination, Sphera, ISSB, and CDP. . AXA Investment Managers (AXA IM) has announced the launch of the AXA IM Investment Institute, with the appointment of Chris Iggo as Chair.
The SEC proposal strikes a good balance between the needs of issuers and investors,” Tim Mohin , ChiefSustainabilityOfficer at climate technology company Persefoni, told ESG Investor. . The draft will now be open to public comment for 30 days, and is expected to be finalised later this year. . Wide, aligned scope .
The Canada Pension Plan Investment Board (CPP Investments) will pursue carbon neutrality by 2050 via a strategy of active engagement to drive real-economy decarbonisation, according to Deb Orida, ChiefSustainabilityOfficer and Head of Real Assets.
UK asset owners are feeling the squeeze from sustainability reporting, but they are working on ways to ease the pinch. Earlier this month, Claire Jones Partner and Head of Responsible Investment at consultancy LCP, wrote a blog saying TCFD reporting needs to evolve. According to Jones.,
Richard Manley, ChiefSustainabilityOfficer at CPP Investments, outlines how the pension plan is greening its portfolio by exerting influence in private and public markets. C to prevent catastrophic climatechange. C to prevent catastrophic climatechange.
The ChiefSustainabilityOfficer (CSO) role has become an accepted part of the C-suite in recent years as regular sustainability reporting is now a best practice for the largest U.S. publicly-traded companies.
The magnitude of private sector firepower committed to addressing climatechange now lies broadly in line with requirements to reach a low-carbon economy. It explains why activists and the public demand that the finance sector does more to address climatechange.
“A number of asset owners have set their decarbonisation targets and are now realising they have to also support the transition and need to incorporate this into their sustainableinvestment strategies,” Nazmeera Moola, Ninety One’s ChiefSustainabilityOfficer, tells ESG Investor. .
With nature more broadly, there are further layers of complexity,” said Eric Nietsch, Head of SustainableInvesting, Asia, Manulife Investment Management. Michael Salvatico, Head of APAC, Middle East & Africa ESG Solutions, S&P Global Sustainable1, saw parallels and differences with the climate playbook.
This week in ESG news: Vanguard launches its first impact fund; Biden considers declaration of climatechange emergency; Deutsche Bank appoints its first ChiefSustainabilityOfficer; UK government given 8 months by high court to come up with a climate plan; BlackRock acquires waste-to-renewable gas company for $700 million; PepsiCo issues $1.25
administration is also likely to have a chilling effect on federal sustainability initiatives, with pledges to eliminate tax credits for electric vehicle purchases , and to halt funding of Inflation Reduction Act programs. The good news is that investment in climate tech is soaring. The incoming U.S.
This could be seen as chickens coming home to roost given the country has historically been one of the biggest contributors to climatechange. Crucially, the bill includes a planned US$369 billion in investment to reduce greenhouse gas emissions and fund the upscaling of domestic renewable energy sources. “The It produced 5.99
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