Equity

The EU Corporate Sustainability Due Diligence Directive (CSDDD) has secured approval from the European Parliament that will require companies to implement climate transition plans and disclose the impact of their value chains on human rights and the environment.

Investor support for shareholder climate resolutions urging Chevron and ExxonMobil to set greenhouse gas (GHG) emissions reduction targets has fallen since last year, following limited progress at their European counterparts.

Funds managing assets in compliance with EU climate benchmarks have hit about €58.3 billion ($63 billion), according to estimates by the European Commission.

Schroders has started to offer investors a way of offsetting the carbon emissions associated with one of its climate-themed funds.

KKR's Impact strategy has agreed to buy data centre cooling company CoolIT, in a deal expected to close in the second quarter of this year for an unspecified sum.

Legal and General Investment Management (LGIM) expects to vote against the chairs of 100 companies for not having deforestation policies this year, an executive has said.

The holdings in 122 listed equities mutual funds in Sweden are, on average, aligned with a temperature increase of 2.77°C, according to analysis by the country's central bank.

Current attempts to link executive pay to climate change targets are "fundamentally flawed" and investors should look to encourage a move away from their use, according to investment advisory firm Pensions & Investment Research Consultants (PIRC).

Entries to Environmental Finance's annual Sustainable Investment Awards are open until 14 April 2023, which means this week is the last chance to apply.

Banka Slovenije plans to increase its investments in green, social and sustainability bonds to €400 million ($433 million) by the end of 2025 and reduce the carbon footprint of its private sector investments.

The process of securing Africa's biggest renewable energy deal was smoothed by the company being acquired having an outstanding ESG rating, it was claimed.