Investment in capital-intensive clean power and electricity networks, as well as spending on energy efficiency and electrification via greener buildings, appliances and EVs, would need to more than triple in EMDEs in the 2020s to be consistent with a well-below-2 °C temperature outcome (from about USD 45 per person in EMDEs today to around USD 130) and increase … Read more
There is good news around if you look for it: businesses are rolling up their sleeves and leading the change in the energy revolution; major global corporations are embedding sustainability into their operational strategies; partnerships between the public and private sectors are helping find solutions critical to tackling climate change. The journey to a carbon … Read more
A warming planet is by now well documented, not least by the Intergovernmental Panel on Climate Change’s sixth report, released earlier this year, where they warned, we are now set to reach the 1.5-degree level within the next two decades. Whilst the impact is being, and will continue to be, felt in all corners of … Read more
Lawsuits filed against corporations over ESG issues are a rarity, but many companies are bracing for that to change, a recent survey found. Just 2% of companies in the US and Canada saw lawsuit activity on ESG topics last year, but nearly a quarter, 24%, said they will likely have a higher level of exposure … Read more
Investment firm Pollination is regaining a former high-level employee who most recently was climate counselor to the US Treasury Department, the company announced today. John Morton, who served in the role under Treasury Secretary Janet Yellen, is now Pollination’s global head of advisory and is on firm’s executive committee. He had previously been at Pollination … Read more
The Diversity Project has launched programme named Pathway, which aims to provide prospective women portfolio managers with more opportunities to progress in the industry. Led by Diversity Project chair Helena Morrissey (pictured), the initiative is backed by 34 member firms. Morrissey, who spent more than 30 years in the industry, said: “When I began my … Read more
Article 9 funds are still underreporting their exposure to fossil fuels, new data has found, with levels of disclosure still generally quite low. Analysis carried out by sustainability technology platform Clarity AI found many asset managers are submitting European ESG Templates (EETs), despite them being voluntary at this stage, but the level of detail included … Read more
The Sustainable Markets Initiative (SMI) has launched a transition categorisation framework to help asset managers reach net zero. SMI’s asset manager and owner (AMAO) taskforce, made up of 34 asset managers around the world, will introduce the framework. Its intention is to categorise assets that fulfil the objectives for a pathway to a net-zero transition, … Read more
Proxy advisors ISS and Glass Lewis are facing questions from Republican attorneys general over their ESG guidance. A letter sent earlier this week from attorneys general from 21 states accuses the firms of running afoul of laws and contractual obligations for state investments. The measure is among the latest developments in a snowballing anti-ESG push … Read more
Manulife and the World Economic Forum have partnered on two forestry initiatives, announced at Davos. Through UpLink, the Forum’s open innovation platform, the pair have launched two challenges aimed at finding “ecopreneurs” that can come up with innovative solutions to safeguard nature, climate, livelihoods and the wellbeing of people. First, the Sustainable Forest Economy Challenge … Read more