This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
When I led Canada’s Social Investment Organization (SIO) in the early 2000s, one of our most important debates concerned the question of whether the organization should develop an industry-wide label for socially responsible investment, as sustainableinvesting was called back then.
Corporate Knights Global 100 ranking of the worlds most sustainable firms, now in its 21st year, shows that the top firms continue to increase their investment in the green transition. Were finding that growth in sustainable revenues is outpacing all other revenues, says Toby Heaps, co-founder and CEO of Corporate Knights.
Canada is lagging in its efforts to drive private capital into sustainableinvestments to finance solutions on climate change and other environmental challenges. Freeland was attending the Sustainable Finance Forum, which was organized by Liberal MP Ryan Turnbull and featured a half dozen of her cabinet colleagues.
If companies want to do big business with the Canadian government going forward, they’ll need to prove how green they are. The federal government is pursuing new policies on procurement and low-carbon investment standards aimed at boosting the business prospects for companies committed to net-zero climate plans.
Investors’ willingness to deploy capital to fund the UK’s netzero transition is at risk, as recent policy signals have reduced confidence in the government’s commitments to its climate policies, according to a new letter sent to Prime Minister Sunak by a group of financial institutions managing £1.5
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements IKEA Invests $1.6
While most have set net-zero targets, nearly all of the equity fund portfolios that were assessed – some 95% – are “misaligned” with the goal of net-zero emissions by 2050 that much of the world is chasing, as a tipping point in climate appears ever nearer. FinanceMap’s 2023 report analyzed $16.5 s Federated Hermes.
Our new report, produced in collaboration with the Ottawa-based Smart Prosperity Institute and funded by the Trottier Family Foundation, finds that pension managers’ support for the green transition is growing but still nowhere near the pace required to meet global net-zero-carbon targets. trillion, versus just 7% of $2.1
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.
The UK government’s Department for Works and Pensions (DWP) announced today the launch of “Green Nudge”, a new three-week trial aimed at encouraging pension savers to make greeninvestment choices and increase engagement on the sustainability of pension investments.
Now we can measure this green business exposure for the majority of companies and are able to count annual greeninvestments that run into the trillions, growing six times faster than the economy at large,” Heaps says. When we launched this ranking in 2005, the green economy was a quaint idea.
The plan focuses on key areas including creating a simpler regulatory framework to facilitate netzero industries, upskilling the European workforce for the green transition, accelerating access to investment and financing, and enhancing global trade cooperation for cleantech and raw materials.
This turnabout has been most pronounced in the green bond market, where power utilities have, controversially, been adding nuclear energy as an option for green bonds. With this in mind, nuclear green bonds promise to help fund decades of net-zero energy for the public and years of clean financial returns for investors.
The depth of her technical expertise and wealth of experience progressing sustainableinvesting makes her ideal to drive our sustainability strategy forward.” Ryan said: “Our industry has an immense role to play in improving sustainable outcomes achieved and financing the transition to netzero.
The European Union, China, the United Kingdom and about 20 other countries are developing such taxonomies as a way of discouraging greenwashing and channelling investment to the climate transition. The EU’s taxonomy has been particularly controversial because of its inclusion of natural gas and nuclear as “greeninvestments.”
In addition to the financing, suppliers in the program will also receive technical support from sustainability consultant, Guidehouse, to embark on factory upgrades to decrease their climate impact. For us, sustainabilityinvestments are not only a responsible approach but a strategic necessity for future success.”
In the race to netzero, Victoria Judd, Counsel at Pillsbury Winthrop Shaw Pittman, explains how the US is lapping the UK and EU in stimulating its green economy. trillion of annual global investments may be required to achieve the emissions reduction aims for 2030, with possibly 70% coming from the private sector.
Before joining KKR, Lagarrigue was a founding partner in growth equity firm General Atlantic’s decarbonization-focused fund, BeyondNetZero , and Arora served as head of Macquarie’s GreenInvestment Group for Asia-Pacific.
UK ministers enthuse about the post-Brexit potential to unleash a new wave of greeninvestment, but not everybody is convinced. But Salkeld at ShareAction called for a much more active approach from the authorities to encourage this newly-released money into sustainableinvestments. “We Balance sheet volatility.
New report provides guidance to asset owners on closing netzeroinvestment gap. . Asset owners should track their contributions to climate change mitigation by calculating the greeninvestment ratio of portfolios and assets, according to a recent report by the Institutional Investors Group on Climate Change (IIGCC). .
The UK’s netzero transition depends on huge amounts of private capital that can only be unlocked through climate policy certainty. Go like the wind The global energy crisis, sparked by Russia’s invasion of Ukraine, highlighted the importance of ensuring a steady flow of domestic, sustainable energy supply. trillion (US$1.89
With the UK High Court having now dubbed the government’s netzero strategy unlawful for the second time, the country is now considered a climate laggard, leaving sustainability-conscious investors rudderless. As such, they decided to take the government back to court in February this year.
This has led to regulatory pressure and voluntary commitments to netzero. Investment and partnerships between entities that contribute to the sustainability of nature can help contribute to these goals, says Hari. Interest in nature-based investments. Lack of investment options.
Article 8 funds promote “environmental and/or social characteristics”, while Article 9 refers to products that have a sustainableinvestment objective; all holdings within a fund must be sustainableinvestments that meet the standard of “do no significant harm”.
More details promised on sector-specific netzero roadmaps to stimulate investment in sustainable infrastructure. The UK government has acknowledged the need for greater policy clarity to enable the flow of investment into key sectors to deliver sustainable infrastructure and transition to netzero.
Tim Day, Investment Fund Manager at Trina Solar, explains the importance of Europe’s sustainableinvestment community in the growth of solar power. Investment is the catalyst in the ongoing growth of PV, and will be integral in ensuring solar is well-positioned to help meet our netzero targets.
times more equity value in fossil fuel production companies (US$880 billion) than in greeninvestments (US$309 billion). times higher exposure to greeninvestments than the average asset manager, the report noted, adding that Goldman Sachs and State Street are the most exposed to the fossil fuel production value chain, at 2.2
Blue, red or green – In the UK, the firmness of the ruling Conservative Party’s support for netzero has been a long-running concern – including for investors – which recently culminated in the announced departure of the minister who signed its legally-binding commitment into law. billion) greeninvestment pledge.
COP27 deadline for Green Finance Strategy likely to be missed, as investors await details on sustainableinvestment framework. Investors are expecting details this week on the new UK government’s strategy on energy and inflation, but time is running out for updates on key climate and green finance policies ahead of COP27.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including Bloomberg, Normative, Sugi, ISS ESG, FE fundinfo and MSCI. . The methodology is based on four core principles: netzero focus, completeness, reliability, and transparency.
Net-zero CO2 energy systems entail: a substantial reduction in overall fossil fuel use, minimal use of unabated fossil fuels, and use of CCS in the remaining fossil system,” says the report. This explainer looks at the potential of CCS in CO2 emissions reduction and the netzero pathways of investee firms in asset owners’ portfolios.
The rise of taxonomies of sustainable activities reflects a recognition from policymakers that global financial markets depend on a shared classification system if they are to identify ‘green’ investment opportunities. This dark green superhighway would run across all taxonomies.
Sitting uncomfortably – A change of tactics now seems clear for asset owners seeking more credible and transparent netzero transition plans from investee firms. To quote a past contributor to ESG Investor , for fund managers, it’s still not easy being green.
The year started optimistically, fresh off the bold and ambitious agreement in November 2021 that established the Glasgow Financial Alliance for NetZero (GFANZ). Here are five trends that helped to shape this astonishing shift, as well as a look to the next 12 months as sustainable finance reimagines its future. In the U.S.,
Levick also noted that the taxonomy could be employed via initiatives such as a netzero test, which the UK might apply to all its public investment decisions, utilising the taxonomy to evaluate whether investments align with the its definition of ‘green’.
People understand that we have to improve the transparency and improve the disclosure levels in China so that we match global standards, and the market can also tell which companies are green or not green.” Hewett says a key challenge for China’s sustainable finance sector is a lack of unified standards and regulations.
The UK government has “comprehensively failed” to set out a robust green industrial strategy to compete with other countries leading the way in the transition to netzero.
While most of these firms are located in the United States, there are some serious players in Africa and Europe leads in terms of PE support for standards of responsible and sustainableinvestments. billion to invest in companies that provide solutions to environmental or social challenges.
This week in ESG news: Vanguard launches its first impact fund; Biden considers declaration of climate change emergency; Deutsche Bank appoints its first Chief Sustainability Officer; 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
Different paths; same goal – This week marked the first anniversary of the passing of the Inflation Reduction Act , the landmark achievement of the Biden Presidency, which aimed to pivot the US economy toward a vibrant green future through investment incentives. The act also kickstarted an era of greeninvestment competition.
ESG Investor’s weekly round-up of moves and appointments in the sustainableinvesting sector, including EQT Future, SCOR, LeapFrog, GIG, SMBC and the US SEC. . Demas re-joins GIG from Stonepeak Partners, where he led the firm’s Americas renewable energy and energy transition investment activities.
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.
Despite causing short-term supply issues, the IRA is set to have far-reaching implications for netzero transition strategies, domestically and globally. Other asset managers like BlackRock have also been challenged by Republican-run states on their climate policies.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content