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ESG News: The world’s largest companies have resumed setting value-chain net zero goals after a pause last year, even as political divisions around climate policy deepen. New analysis from Accenture shows that corporate ambition is once again rising across regions, including North America where momentum had stalled.
Yahoo Finance: HSBC’s new net-zero strategy comes in a year where — in addition to delaying its net-zero goal — the company has shifted leadership of its sustainability program and departed the United Nations-aligned Net-Zero Banking Alliance, which has since ceased its membership-based model.
ESG News: New York-based Apollo Funds will invest $6.5 billion for a 50% stake in Ørsted’s Hornsea 3, the world’s largest offshore wind project currently under development in the North Sea.
ESG News: The United States government has entered into an $80 billion partnership with Brookfield Asset Management and Cameco Corporation—the Canadian co-owners of Westinghouse Electric Company—to build a new generation of nuclear reactors using Westinghouse’s AP1000 technology.
ESG Dive: The Fed, FDIC and OCC said their existing standards require supervised financial institutions to have an effective risk management process in place that is on par with the “size, complexity, and risk of their activities.”
ESG Today: Global private capital investment firm Carlyle’s private equity business unit Carlyle AlpInvest announced the launch of a new co-investment partnership with the California State Teachers’ Retirement System (CalSTRS), one of the largest public pension funds in the U.S., targeting joint investments in climate solutions.
Wealth Professional: With the Trump administration having fuelled a significant pullback in investment in ESG initiatives in the US, which has spilled over into Canadian and other international markets, some would consider that this is a barren land for advisory business.
Financial Post: Billionaire Ray Dalio’s philanthropic arm is backing new research in the Indian Ocean to bolster marine protection after nations pledged to curb exploitation of the deep seas.
ESG Dive: In a year marked by withdrawals from global climate agreements, funding suspensions for clean energy projects and other measures that reverse the United States’ federal climate policy, sustainable investors are trying to find a way forward with Republicans steering both Congress and the White House.
ESG Today: Norges Bank Investment Management (NBIM), the investment manager for Norway’s $1.8 trillion oil fund announced a new agreement with Brookfield Asset Management, committing $1.5 billion to its latest energy transition fund, the Brookfield Global Transition Fund (BGTF II).
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