Dear Customers, Partners and Friends,
Please enjoy our October ESG Monthly Newsletter: https://lnkd.in/ddWpvfxM
Key highlights
📍 ESG Regulatory Updates
1️⃣ Investor and business joint statement on Omnibus initiative: 475 organizations call on EU leaders to safeguard CSRD, ESRS, and CSDDD as vital competitiveness and investment tools
2️⃣ ESAs push for stronger PAI disclosures: Supervisors highlight progress but stress major gaps and urge more standardized, reliable sustainability reporting
3️⃣ MEPs approve cohesion funding reform: New funding priorities for mobility, housing, resilience, and green tech, with extra support for eastern border regions
4️⃣ Financial system vulnerabilities rise: EU warns of risks from global tensions, higher funding costs, and cyber threats despite strong bank capitalization
📍 Insightful ESG Research
1️⃣ Targeted exclusions improve ESG outcomes: Narrow controversy-driven exclusions show better financial and sustainability performance than broad bans
2️⃣ SBTi updates Net-Zero Power Standard: Power sector urged to decarbonize rapidly with stronger electrification and credible clean energy targets
3️⃣ European banks exposed to nature loss: Heavy lending to ecosystem-dependent firms leaves banks vulnerable to biodiversity and climate risks
4️⃣ Banks to help clients adapt to climate risks: Report urges shift from risk assessment to financing and enabling adaptation and resilience
📍 Insightful ESG News
1️⃣ Carbon capture potential reduced: Study shows storage capacity far lower than expected, stressing direct emission cuts over CCS reliance
2️⃣ PFZW cuts BlackRock ties: Dutch pension fund PFZW is scaling back its investments with BlackRock after disputes over the asset manager’s approach to sustainability and shareholder voting
3️⃣ EU to review 2035 car emissions plan early: Brussels brings forward assessment on e-fuels, industry competitiveness, and phase-out flexibility
4️⃣ SMEs and corporates to build shared ecosystem: Call for stronger supply-chain collaboration, tools, and finance to drive green transition
5️⃣ Euronext Sustainability Week highlights leaders: Enel, Veolia, and Afyren showcase pathways for capital markets supporting net-zero
6️⃣ ISO & GHG Protocol plan global standard: Initiative to unify climate reporting, harmonizing ISO 1406x with GHG Protocol
7️⃣ CDP-Confindustria to support Italian companies: Partnership to boost Italian industry innovation, digitalization, and competitiveness in the green economy
8️⃣ Italy falling behind on decarbonization: Emissions down only 2.7% in 2024; investment delays threaten EU climate target compliance
Founding Director @ Orbis Advisory Ltd
4moCongratulations on this report, really impressive and in time for our PE index scoring!