Sustainability at BBVA 

The world is living in an age of unprecedented changes and sustainability poses three major challenges: fighting climate change, preserving natural capital and driving inclusive growth. And these three challenges call for massive investments of around 8 percent of global GDP every year until 2050 for climate change alone.  Given this scenario, the fight against climate … Read more

Schroders Reit changes objective to improve green credentials amid NAV dip

Schroders Reit has published a circular outlining changes in its strategy to improve sustainability and implement decarbonisation measures. The £466m trust, which owns 40 properties, said it is proposing amendments to the investment objective and the investment management agreement. The changes are focused on adapting existing buildings to make them ‘both modern and fit for … Read more

GRI consults on improved climate and energy standards

Global Reporting Initiative (GRI) has published draft revised standards on climate change and energy ahead of COP28 climate talks starting next week. Revising and reviewing existing standards is intended to take them beyond energy consumption and greenhouse gas emissions. The climate change standard is aimed at helping businesses and other organisations disclose: Climate change transition … Read more

Which European companies are most transparent about tax?

European companies are becoming ever-more responsible taxpayers, but a third still lack proper ESG integration on tax matters, this year’s Tax Transparency Benchmark has found. The benchmark, which has been published by the Association of Investors for Sustainable Development (VBDO) and PwC, this year has assessed 116 participating companies (51 from the Netherlands and 65 … Read more

Hiring slows for engagement roles at asset managers

Engagement progress is stalling in many parts of the industry with 30% of companies unable to evidence that ESG is driving specific changes, while hiring for engagement and stewardship roles has come to a standstill. In the latest annual sustainable investment survey carried out by Redington, the number of asset managers hiring dedicated stewardship and … Read more

Invesco names director of ESG research

Invesco has appointed Molly Betournay as director of ESG research. Betournay (pictured) joins from Vermont-based advisory firm Clean Yield Asset Management, where she was director of social research and advocacy. In this role, she led the firm’s ESG research and analysis of public equities, oversaw its proxy voting programme, and designed and implemented long-term shareholder … Read more

What US-China trade war means for electric vehicles

Trade tensions between the US and China, simmering over years of tariffs and restrictions, have recently escalated with China’s move to control graphite exports, a critical resource for the electric vehicle (EV) industry. This strategic play by China, the leading producer contributing to a substantial percentage of the global supply, reverberates through the corridors of … Read more