Climate impact measurement framework launches

GenZero, a Temasek-owned investment company based in Singapore and focused on decarbonisation, has launched a climate impact measurement framework in collaboration with Boston Consulting Group for climate-focused private investors. Attempting to address the “formidable challenge” presented by the “lack of measurement standards and tools as a roadblock to achieving decarbonisation goals”, the groups said, the … Read more

Allspring launches low-carbon fixed income fund

Allspring Global Investments has launched its second fixed income fund, aiming to support the transition to a low-carbon economy. The Allspring Global High Yield Fund, which is classified under SFDR as Article 8, will be managed by the firm’s Plus Fixed Income team and led by managers Mike Schueller, Jens Vanbrabant, Chris Lee and Sarah … Read more

Australia’s ASIC issues greenwashing warning

Australia’s securities regulator has warned corporates that it has “surveillances and investigations afoot” as it continues its clampdown on greenwashing. The Australian Securities & Investments Commission (ASIC) chair Joe Longo cited in a speech a report it released last month, detailing how the regulator had secured 23 corrective disclosure outcomes, issued 12 infringement notices and … Read more

IIGCC and TPI release net-zero standard for banks 

The Institutional Investors Group on Climate Change (IIGCC) and the Transition Pathway Initiative Global Climate Transition Centre (TPI Centre) have launched a net-zero standard for banks. The standard, which will evolve as new policies emerge, sets out investor expectations for banks on the transition to net zero, and is built around 10 areas. These are … Read more

LOIM launches investment platform with Systemiq

Lombard Odier Investment Managers (LOIM) has launched a new investment platform to deploy capital into projects focused on the transformation of economic systems such as energy, land, oceans and materials. Launched in partnership with system change business Systemiq, it will develop a range of investment strategies investing in public and private market opportunities, with a … Read more

Scope 3 confusion stalls company progress

Amid a deluge of frameworks and lack of standardisation, just 1.5% of large UK companies feel they are on top of Scopes 1, 2 and 3 reporting, a climate tech firm study has found. Mobilityways surveyed 400 UK firms with more than 1,000 employees from healthcare, financial services and education sectors, and local authorities for … Read more

Persefoni hires ISSB special liaison to sustainability board

Former vice-chair of the European Financial Reporting Advisory Group’s (EFRAG) sustainability reporting board Kerstin Lopatta has joined climate accounting company Persefoni’s sustainability advisory board.  The ex-special liaison to the International Sustainability Standards Board will advise Persefoni’s board and executive team on three core areas: optimal climate disclosure standards; anticipated regulatory shifts; and how best to integrate … Read more

What Amazon’s AGM revealed about shareholders’ ESG priorities

Proxy season came at quite a challenging time of high inflation and rising interest rates this year. Amazon is a leading US business employing more than one million people around the globe, which makes its annual shareholder meeting a significant one in understanding shareholders’ near-term ESG priorities. A growing number of investors believe ESG themes … Read more