archiveRSBI:ESG-INVESTORS

Banking

EU backs fund focused on cutting energy wastage

European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - A private fund that plans to build power projects on sites such as hospitals and data centres to reduce energy wastage has secured backing from the European Union's investment arm.The European Investment Fund (EIF) said it had invested 125 million euros in the 'Green Energy Solutions Fund', which is run by Sustainable Development Capital (SDCL).The investment helped the fund hit its fundraising target of 650 million...
Investing

Comment: Why investing in climate action and reporting are priorities for sustainable business

Research canvassed opinion from 570 senior sustainability professionals in second quarter 2023Companies with higher GHG emissions, public organizations and larger firms likely to spend more on sustainabilityResearch identified little divergence between organizations operating in Europe and North AmericaAlmost half of respondents said energy and decarbonization was their top priorityNovember 6 - With sustainability increasingly climbing up corporate agendas, decision-makers are navigating two primary disruptions: the pressure to decarbonize their operations; and the regulatory need to report, according to Reuters Impact Global Sustainability Survey 2023.The introduction of more complex reporting requirements,...
Cryptocurrency

Jury in FTX founder Sam Bankman-Fried’s fraud trial begins deliberations

NEW YORK, Nov 2 (Reuters) - The jury in Sam Bankman-Fried's fraud trial began deliberations on Thursday following a monthlong trial in which prosecutors accused the FTX cryptocurrency exchange founder of stealing billions of dollars of customer funds.Bankman-Fried is poised to learn his fate in Manhattan federal court nearly a year after FTX declared bankruptcy as its customers raced to withdraw their funds in a collapse that shocked cryptocurrency markets and obliterated the 31-year-old's fortune, once estimated by Forbes at $26 billion.Bankman-Fried has pleaded not guilty to two counts of...
Investing

Republican-led US states appeal ruling allowing Biden ESG investing rule

The U.S. Capitol dome is seen from the Russell Senate Office Building on Capitol Hill in Washington, U.S., April 19, 2023. REUTERS/Sarah Silbiger/File Photo Acquire Licensing RightsOct 26 (Reuters) - A group of Republican-led U.S. states on Thursday said they would appeal a Texas-based federal judge's decision rejecting their challenge to a rule from President Joe Biden's administration allowing employee retirement plans to consider environmental, social and governance (ESG) issues in investment decisions.The 26 states, led by Texas and Utah, filed a notice of appeal in federal court in Amarillo....
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