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
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
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
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
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
Just a quarter of the world’s 77 largest asset managers have made commitments on tackling deforestation, according to a report by campaigning group ShareAction. None of the asset managers surveyed in part four of the NGO’s Point of No Returns report have committed to avoiding other forms of damage to natural habitats, such as wetland … Read more
Verdane, a European specialist private equity investment firm, has been certified as a B Corporation, demonstrating the highest standards of social and environmental performance, transparency and accountability. Verdane is one of a small number of private equity investors in Europe to obtain this accreditation. B Corp certification is completed by the non-profit B Lab, which … Read more
Jake Moeller, senior investment consultant at Square Mile Investment Consulting: Managed by Michael Rae, M&G Climate Solutions has a dual objective in that financial returns are sought alongside positive impact, which the manager intends to achieve through thematically led investment in companies delivering solutions to the most pressing issues facing the environment. The manager and … Read more
Although a series of corporate scandals in Japan in 2017 have caused some to see the country as an ESG laggard, Japan’s application of some very old traditional principles that pre-date the modern Western conception of ESG and sustainability can actually cause it to be considered a leader. These attitudes have their roots in a … Read more
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