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UK labour market cools as payrolls fall and wage growth slows. The Office for National Statistics reports an 8,000 drop in payroll employment in August, with wage growth also decelerating. Unemployment remains steady, but vacancies continue to decline.
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Robeco secures €15.4 billion mandates from PFZW pension fund. Robeco has been awarded €15.4 billion in investment mandates from PFZW, aligning with the fund’s sustainability-focused strategy. This move follows the non-renewal of BlackRock’s €14 billion mandate, highlighting a shift towards active management and sustainable investing….
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Wharton and PRI Academy introduce a new sustainability programme. The Wharton/PRI Executive Certificate aims to equip corporate leaders and senior professionals with the tools to make informed investment decisions amidst increasing market complexities. The programme begins in February 2026, focusing on sustainable investment and risk management….
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Mars launches programme to accelerate shift to clean energy. The initiative aims to cut carbon emissions by 10% by 2030, reducing 3 million tonnes of emissions. Partnering with Enel North America, it facilitates renewable energy use across its value chain….
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T. Rowe Price and IFC launch blue economy bond strategy. The new fund aims to invest in sustainable water and ocean projects, catalysing the blue bond market with initial commitments exceeding $200 million from multiple investors, including Xylem and Builders Vision….
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EU court allows nuclear and gas in sustainable taxonomy. The EU’s General Court has ruled in favour of including nuclear energy and fossil gas in the EU Taxonomy, dismissing Austria’s objections. The court deemed these sectors can contribute to climate goals under specific conditions….
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GreenIT signs €370 million project financing agreement for renewables. The Italian joint venture will use these funds to develop new onshore renewable projects, aiming to reach one gigawatt of installed capacity by 2030. Completion is expected by 2028….
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Oracle co-founder Larry Ellison surpasses Elon Musk in wealth. Oracle’s stock surged over 40%, increasing Ellison’s net worth by $101 billion, highlighting the immense wealth generated by the AI boom reshaping technology fortunes.
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SEC may reassess IFRS use due to ISSB formation. The SEC may review its rules on foreign companies using IFRS standards, following the establishment of the ISSB. Concerns include potential funding diversions and impacts on U.S. firms due to EU regulations….
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Vanguard’s proxy voting pilot shows younger, female investors favour ESG. Vanguard’s Investor Choice pilot revealed significant generational and gender differences in ESG-focused voting. Younger investors and women are notably more inclined towards ESG policies, contrasting with older and male investors….