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ESG Today: Renewable energy developer Renewco Power announced that it has raised £29 million through new investments, with proceeds aimed at advancing its wind and solar projects throughout Scotland and the UK, and to accelerate the transition to clean energy across its key European markets.
The Hill (Opinion Piece): Many prominent American investment firms have, of late, been blurring the line between sound financial management and political activism.
Funds Europe: Stockholm-based private equity company Triton has admitted making “mistakes” following allegations, published in a string of German and Swedish newspaper articles, of a “toxic old boys’ culture” and sexism that has led to an exodus of staff.
ESG Dive: The settlement resolves multi-state litigation that resulted from Mercedes equipping the diesel-powered models with a software that allowed the vehicles to pass U.S. emissions tests.
ESG News: Nordea Asset Management (NAM) has appointed Rachel Reutter as Portfolio Manager within its Sustainable Thematic Team, reinforcing its impact investing capabilities as institutional investors sharpen their focus on measurable outcomes, stewardship quality, and long-term value creation.
ESG Today: Approximately two thirds of funds with ESG terms in their names changed their names, with many dropping ESG terms or using terms with less stringent requirements, and half updated their investment policies.
Yahoo Finance: Comptroller Brad Lander said last week that his recommendation that the funds quit BlackRock and Fidelity “followed a rigorous evaluation” which found the firms were misaligned with the pension fund’s net-zero plan.
BBC: The US is immediately pausing leases for offshore wind energy projects currently being built near the Atlantic coastline, citing security concerns.
ESG News: As European governments push to decarbonize transport systems under tightening climate targets, private capital is moving to fill a widening infrastructure gap in rail.
ESG Today: The Government of Canada announced the appointment of the Canadian Climate Institute to lead the development of a new sustainable investment taxonomy, with plans for the initial categorization system to identify green and transition investments to be released by the end of 2026.
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