ESG
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UK chief executive pay has reached a record high. Median FTSE 100 CEO pay rose 6.8 percent to £4.58 million in the past year, according to the High Pay Centre, widening the gap with average workers as shareholder scrutiny and calls for governance reform intensify.
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California court upholds laws on corporate climate disclosures. A U.S. District Judge rejected a motion challenging California’s climate disclosure laws, which require large companies to report emissions and climate risks. The plaintiffs may appeal, with trial set for October 2026….
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Prefer raises $4.2 million to launch sustainable coffee and cocoa. Singapore-based Prefer has secured funding to introduce eco-friendly coffee and cocoa powders. The start-up aims to provide cost-effective, low-emission alternatives for the food industry, enhancing sustainability and supply chain resilience….
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Assent launches EU Deforestation Regulation compliance solution for manufacturers. The new solution aids manufacturers in meeting due diligence requirements under the EU’s regulation, which aims to prevent deforestation-linked products from entering the market, ensuring compliance with environmental standards by 2025….
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Sustainability-linked loans show progress in addressing integrity issues. The FCA’s review highlights improvements in sustainability-linked loans, noting better alignment of targets with borrowers’ business models and increased scrutiny, but also points out challenges in pricing mechanisms and market scalability….
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US State Attorneys General challenge SBTi over antitrust concerns. A coalition of 23 US State Attorneys General has raised concerns about potential legal violations linked to the Science Based Targets initiative. They demand transparency regarding its recent net-zero standards and member communications….
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Achmea launches private equity fund for sustainable investments. Netherlands-based Achmea Investment Management has introduced a private equity fund focused on climate, biodiversity, nutrition, and health, aiming to provide sustainable investment opportunities for institutional investors….
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The U.S. Department of Energy to allocate $1 billion for critical minerals. The funding aims to enhance U.S. production and supply of critical minerals, focusing heavily on battery materials processing, manufacturing, and recycling, aligning with energy transition and cleantech sectors….
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Diginex to acquire Findings in a $305 million transaction. The acquisition aims to enhance Diginex’s technological capabilities and cybersecurity prowess, integrating Findings’ expertise in AI vendor risk management and cloud security, thus expanding its footprint in the cybersecurity sector….
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Nuveen secures $1.3 billion for infrastructure credit strategy. The fund, anchored by commitments from a Canadian pension manager and TIAA, aims to address energy demand driven by digitalisation and electrification in North America, Europe, and OECD countries….