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£1.5 Trillion Investor Group Warns that Uncertainty on Climate Policy Threatens Investment in UK Net Zero Transition

ESG Today

Investors’ willingness to deploy capital to fund the UK’s net zero transition is at risk, as recent policy signals have reduced confidence in the government’s commitments to its climate policies, according to a new letter sent to Prime Minister Sunak by a group of financial institutions managing £1.5

Net Zero 109
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The incredible shrinking climate ambitions of the world's largest asset managers

Corporate Knights

While most have set net-zero targets, nearly all of the equity fund portfolios that were assessed – some 95% – are “misaligned” with the goal of net-zero emissions by 2050 that much of the world is chasing, as a tipping point in climate appears ever nearer. FinanceMap’s 2023 report analyzed $16.5 s Federated Hermes.

Net Zero 246
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H&M Launches Green Loan Program to Finance Suppliers’ Emissions Reductions Initiatives

ESG Today

Fashion and design brands company H&M Group announced the launch of a new green loan program aimed at facilitating decarbonization in the fashion sector in partnership with Singapore-based financial services group DBS. The collaborative finance tool is a prime example of how we can create impact for suppliers.

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KKR Launches New Leadership Team for Global Climate Strategy

ESG Today

Before joining KKR, Lagarrigue was a founding partner in growth equity firm General Atlantic’s decarbonization-focused fund, BeyondNetZero , and Arora served as head of Macquarie’s Green Investment Group for Asia-Pacific. Lagarrigue and Arora both joined KKR in 2022.

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Green taxonomy proposal may overcome Canada's climate finance impasse

Corporate Knights

The European Union, China, the United Kingdom and about 20 other countries are developing such taxonomies as a way of discouraging greenwashing and channelling investment to the climate transition. The EU’s taxonomy has been particularly controversial because of its inclusion of natural gas and nuclear as “green investments.”

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EU Launches Green Deal Industrial Plan

ESG Today

The plan focuses on key areas including creating a simpler regulatory framework to facilitate net zero industries, upskilling the European workforce for the green transition, accelerating access to investment and financing, and enhancing global trade cooperation for cleantech and raw materials.

Net Zero 143
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ESG Today: Week in Review

ESG Today

This week in ESG news: Vanguard launches its first impact fund; Biden considers declaration of climate change emergency; Deutsche Bank appoints its first Chief Sustainability Officer; UK government given 8 months by high court to come up with a climate plan; BlackRock acquires waste-to-renewable gas company for $700 million; PepsiCo issues $1.25