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ESG Today: Sustainability-focused investment manager Mirova announced that it has invested $30 million in a soil-based carbon project in India by project developer Varaha, focused on supporting smallholder farmers in implementing regenerative agricultural practices.
ESG Today: The Science Based Targets initiative (SBTi) announced the release of its updated draft Corporate Net-Zero Standard V2, its planned update to its key standard to assess, certify and track companies’ decarbonization commitments to achieve net zero emissions and to support science-based climate target setting.
ESG News: The Science Based Targets initiative (SBTi) has released the second draft of its Corporate Net-Zero Standard Version 2, opening a new round of consultation to refine the global benchmark for corporate climate action.
MSN/Reuters: HSBC issued a set of new, softer near-term climate targets for sectors such as oil and gas in response to the slow pace of change in the real economy.
Funds Europe: Capital flows into Article 8 funds increased in line with overall market trends, while Article 9 funds continued to experience net redemptions, according to Morningstar’s data.
ESG Today: State Street Investment Management, one of the world’s largest investment managers, announced a significant change in its signatory status with climate-focused investment coalition the Net Zero Asset Managers (NZAM) initiative, pulling out its U.S. business from the group, with only its Europe and UK businesses remaining.
Portfolio Adviser: The Amundi MSCI USA Screened UCITS ETF and Amundi MSCI World Screened UCITS ETF will sit alongside the recently launched Amundi MSCI Europe Screened UCITS ETF, therefore offering investors ESG-screened exposure to North American, European and global equities.
Yahoo Finance: State Street, the world's fourth-biggest asset manager, said it is pulling the bulk of its operations out of the sector's main global climate coalition despite the group's efforts to retain members by relaxing its rules.
ESG Today: The Net Zero Asset Managers (NZAM) initiative, a major multi-trillion dollar group of investment managers committed to supporting the goal of net zero greenhouse gas emissions, announced that it will resume operations after pausing in early 2025 to adapt to a rapidly changing political and regulatory environment which had caused some of its largest signatories to exit the coalition.
ESG Dive: Companies canceled or scaled back nearly $1.6 billion in clean energy projects last month, bringing the total amount of withdrawn investment to more than $24 billion so far this year, according to the clean energy advocacy group E2.
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