The Belgian Presidency has decided to postpone the Corporate Sustainability Due Diligence Directive (CSDDD) vote in the Council of the EU today (9 February), following Germany’s announcement of abstention and the need for further discussions among EU Member States. As recently as Wednesday, the Institutional Investors Group on Climate Change, the Principles for Responsible Investment … Read more
UN Principles of Responsible Investment has been delivering report cards to asset managers rating their responsible investment practices for the past year. Investment manager signatories report annually on their responsible investment activities using the organisation’s reporting framework, and then receive an assessment report showing how these activities and progress have been rated. The reports, and … Read more
We know there will be a US presidential election this year. What we do not know with any certainty yet, is who will win. This makes it harder than usual to predict the future direction of policy. And right now, one of the most talked about areas of all is the green transition. Especially now … Read more
ESG ratings providers will need to seek approval to ensure they comply with transparency requirements under rules that were provisionally agreed by the European Council and European Parliament this week. Lawmakers announced on 5 February they had agreed the regulation of ESG ratings activities to boost confidence in sustainable products: ESG rating providers will need to … Read more
Measures put in place to restore confidence in carbon credit markets could help push prices to $238 per ton, building a market value of over $1.1trn by 2050, according to BloombergNEF’s (BNEF) Long-Term Carbon Offsets Outlook 2024 report. Ongoing scrutiny and reputational issues led to 2023 being a challenging year for the voluntary carbon market, … Read more
Current agricultural practices require profound transformation. This is creating unprecedented opportunities across the global food value chain. From daily bread to daily headline, food is a hot topic. Pasta shortages panicked shoppers during the pandemic, while surging inflation has fuelled steep increases in the cost of the weekly shop. But what’s going on behind the … Read more
Tim Cockerill, member of the ESG Clarity Committee, is departing his role at Rowan Dartington after 12 years to join Verso Investment Management as investment strategy director. Verso IM is the discretionary fund management arm of Verso Wealth Group, and Cockerill’s new role will centre around developing a proposition and range of products for Verso’s … Read more
The European Commission’s proposal for almost full decarbonisation by 2040 “is revolutionary and reinforces the EU position as a global leader on climate change”, according to a leading policy director at the International Emissions Trading Association (IETA). Based on initial impact assessments and the advice of the European Scientific Advisory Board on Climate Change, the … Read more
Pollination, the nature investment and advisory firm, has appointed Dame Amelia Fawcett as senior adviser to the business. Currently, Fawcett is the lead director of State Street, co-chair of the International Panel on Biodiversity Credits (IAPB), chair of the Royal Botanic Gardens, Kew and chair of the Circular Bioeconomy Alliance. She will be advising Pollination … Read more
Schroders Greencoat, the renewables and energy transition infrastructure manager of Schroders Capital, has launched a long-term asset fund (LTAF) dedicated to renewable energy and energy transition infrastructure. The Schroders Greencoat Global Renewables+ LTAF is designed to allow UK pension savers to invest in this asset class while benefitting from “stable, diversifying and inflation-linked investment returns”. … Read more