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MSN/Reuters: A British real estate manager overseeing 26 billion euros ($29.93 billion) in assets and concerned about flood, fire and other climate-related risks to its properties sought help from Climate X, a data analytics firm based in London.
ESG Today: Decarbonization-focused investment firm Galvanize announced that its co-founder, hedge fund billionaire and former presidential candidate Tom Steyer, has taken a formal leave of absence from his role as Co-Chair.
ESG Dive: The change itself does not come with any inherent restrictions on client activities or transactions in the region, but a JPMorgan spokesperson told ESG Dive that each activity and transaction will be considered “on a case-by-case basis, in line with [its] risk appetite and commercial interests.”
Yahoo Finance/Reuters: The top U.S. financial regulator changed the grounds on which companies may seek permission to skip votes on shareholder resolutions, a move seen as making it more difficult for activists to force votes on contentious topics such as climate change or workforce diversity.
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.
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