Funds Europe: European real estate decarbonisation costs increase but remain achievable, according to a report from asset manager AEW. It is anticipated that this will be achievable for investors given AEW's projected annual return of 8.8% across all European prime sectors for the 2024-28 period.
ESG Today: The European Commission announced that it has sent letters to 17 EU member states, opening infringement procedures with the states over their failure to communicate that they have fully transposed the new Corporate Sustainability Reporting Directive (CSRD) into their national laws.
ESG Dive: The 1GT fund prioritizes including companies in its portfolio that have systems in place to manage ESG risk, measurement and reporting requirements and those that seek to add value through sustainability partnerships, according to the fund’s website.
ESG News: A new report series by Deloitte, titled “Asia Pacific Mandatory Sustainability Reporting,” positions Chief Financial Officers (CFOs) as pivotal leaders in navigating the evolving landscape of sustainability reporting across the Asia-Pacific region.
ESG Today: Alternative asset and private equity investor KKR and Spanish bank BBVA announced the formation of a new strategic partnership, targeting climate solutions and climate infrastructure-related investments aimed at supporting the decarbonization of the real economy.
Funds Europe: The UN-convened Net-Zero Asset Owner Alliance (NZAOA) recently celebrated its fifth anniversary at New York Climate Week by reporting annual emissions reductions of at least 6%, aligning with the 1.5°C pathway established by the Intergovernmental Panel on Climate Change.
ESG News: The U.S. Commodity Futures Trading Commission (CFTC) has established its first-ever guidelines for trading voluntary carbon credit derivative contracts. This is a pivotal step for the nascent market, providing much-needed oversight and integrity.
Funds Europe: The Institute for Energy Economics and Financial Analysis (IEEFA) has highlighted the need for investment products prioritising long-term decarbonisation goals over short-term financial returns.
The Business Standard: EY faces scrutiny in India over the death of audit executive Anna Sebastian Perayil, which her mother blamed on a "backbreaking" workload in a letter to EY India's chairman. The incident has already sparked a federal government investigation.
BNN Bloomberg: Institutional investors holding a combined $9.5 trillion of assets say they’ve slashed portfolio emissions at a rate that aligns them with the goal of limiting global warming to the critical threshold of 1.5C.
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