This week in sustainability: Global giants’ partnerships, landmark investments, innovations and more, curated by NeoImpact

Welcome to the 22nd edition of Impact Herald Weekly. This week saw significant developments in the ESG sector, paving way for a sustainable future. In the UK, Schroders receives St. James’s Place’s sustainable investment mandate of USD 5.35 billion; while the New York Governor announces an ambitious USD 1 billion climate investment plan. The European Investment Bank (EIB) and Societe Generale have entered into a significant deal of EUR 8 billion to drive wind energy in Europe; whereas, Google commits to purchasing 200,000 tons of carbon removal credits by 2030. Finally, Mitsubishi Materials and Panasonic launch a PMP loop to recycle metals from waste printed circuit boards.

Monday, January 13, 2025

Schroders receives sustainable investment mandate of USD 5.35 billion

Schroders has been awarded a sustainable investment mandate from UK wealth manager St. James’s Place (SJP), in recognition of providing sustainable investment solutions. This allocation will be directed through SJP’s Sustainable & Responsible Equity (SRE) fund, focusing on Schroders’ Global Sustainable Value Equity and Global Sustainable Growth strategies. The transition, expected to occur in the first quarter of 2025, will see both funds adopt the Financial Conduct Authority’s (FCA) ‘Sustainability Focus’ label, enhancing transparency for clients seeking sustainable investment options. Schroders’ leadership expressed gratitude for SJP’s trust and emphasized their commitment to delivering strong, sustainable returns for investors.

Tuesday, January 14, 2025

New York Governor Hochul announces USD 1 billion in climate investment

Governor Kathy Hochul unveiled a plan of USD 1 billion investment to combat climate crisis, marking the largest climate investment in New York’s history. This investment will potentially create thousands of jobs, cut down energy bills for residents, and reduce harmful pollution. The strategy includes transitioning state agencies to 100% renewable energy by 2030 and exploring advanced nuclear energy options. Hochul emphasized that this investment not only promotes sustainable energy but also demonstrates a commitment to New Yorkers, enhancing affordability and fostering economic growth through innovative clean energy technologies.

Wednesday, January 15, 2025

European Investment Bank (EIB) and 法国兴业银行 entered into an EUR 8 billion investment deal to boost wind energy in Europe

The European Investment Bank (EIB) and Societe Generale have announced an agreement to unlock EUR 8 billion in investments for Europe’s wind industry. The EIB will provide a EUR 500 million counter-guarantee, enabling Societe Generale to create a portfolio of bank guarantees worth up to EUR 1 billion. This initiative aims to boost wind farm projects, power grid interconnections, and supply chains across the EU. Part of the EIB’s EUR 5 billion wind power package, it supports the EU's renewable energy goals, accelerating the green transition and addressing challenges in the wind power sector.

Thursday, January 16, 2025

谷歌 expands carbon removal efforts with major biochar partnerships

Google has announced two significant partnerships to scale biochar as a carbon removal solution, committing to purchase 100,000 tons from each of Varaha and Charm by 2030. These agreements, the largest biochar deals ever, will contribute 200,000 tons of carbon removal, advancing Google's net-zero emissions goal. The partnerships also aim to boost biochar production, helping mitigate climate change. In addition to biochar, Google supports other carbon removal technologies like enhanced rock weathering and direct air capture, furthering its efforts through initiatives like Frontier and Symbiosis to accelerate the carbon removal field.

Friday, January 17, 2025

Mitsubishi Materials - Advanced Products Company and Panasonic launch sustainable PMP loop to recycle valuable metals

Mitsubishi Materials and Panasonic have introduced a Product-Material-Product (PMP) loop, designed to recycle gold, silver, and copper from waste printed circuit boards of discarded home appliances. The initiative, launched in 2011, has successfully recovered 1.1 tons of gold, 33 tons of silver, and 8,100 tons of copper, contributing to consistent resource recycling. This effort supports Japan's circular economy strategy, aimed at promoting sustainable growth and environmental protection. Additionally, the recycling process has reduced CO2 emissions by approximately 33,000 tons. The companies plan to expand the loop, further advancing the circular economy and reducing environmental impact.

About NeoImpact

NeoImpact is an ESG intelligence database and consulting firm that equips corporates and investors, including PEs and VCs, with in-depth analytics and actionable insights generated through AI and industry expertise. Our Best-in-class ESG Intelligence SaaS Platform runs on a comprehensive set of ESG fundamental and alternative data sets designed to provide robust and real-time ESG insights and analytics for private markets.

Log on to our website to learn more about our innovative ESG Solutions, or email us at [email protected]