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Institutional investors leading the way

BNP Paribas’ ESG Survey 2025 commissioned CoreData Research to gather the views of 420 asset owners, asset managers and private capital on their attitudes and practices relating to ESG and sustainable investing in 29 locations worldwide. The data was collected between the end of November 2024 and end of January 2025. The quantitative data was further supplemented by in-depth qualitative interviews with industry experts carried out between February and April 2025. This report is based on the data and information collected in this survey and the interviews.

Conducted in the Fourth Quarter of 2024, the survey gathered insights from 147 institutional investors in the credit market - focusing on ESG trends in four main areas:

• Motives for ESG consideration
• Approaches to ESG consideration
• Integration for ESG consideration
• Market expectations and outlook

A global survey of institutional investor priorities & perspectives

Common threads from in-depth interviews with asset owners across North America, Europe and Asia-Pacific included:

• World Order Disrupted: Geopolitical shifts drive rethink on asset allocation
• ESG Re-examined & Deconstructed.
• Rollbacks & Blowbacks: Regulatory Fine-Tuning
• Climate Strategy Evolving

A multi-faceted problem

Abstract:

The integration of climate-related signals within investment portfolios is becoming an increasingly mandatory requirement, as well as an expected practice, on the part of regulators and institutional investors respectively.

In this paper, we illustrate the introduction of these metrics as optimization constraints, as outlined in Le Guenedal and Roncalli (2022).

After recalling the diversity of climate relevant metrics beyond carbon intensity, we integrate carbon historical trends, ambition reduction (derived from companies future targets) and run backtests of our novel multi-constraints optimization problem on the period from 2021 to 2024.

We illustrate the impact of considering these metrics on performance and tracking error (T.E.).

We show that the MSCI World Index theoretically tolerates a high level of integration of climate metrics with limited losses in performance or T.E. costs.

Furthermore, we demonstrate that, in some cases, applying constraints of different climate aspects can yield better results than relying on a single, highly restrictive metric.

Case studies show that portfolios combining moderate spot decarbonization limits with stronger trend and ambition constraints can achieve comparable—or even superior—performance, depending on the period under consideration.

This paper paves the way for the development of new methodologies for constructing aligned benchmarks.

The 14th edition of its most popular publication. The scope of the findings includes analysis of green, social, and sustainability (GSS) bonds as of 31st December 2024 considered to be in alignment with Climate Bonds Dataset Methodologies plus sustainability-linked bonds (SLBs).

By the end of 2024, Climate Bonds had recorded:

• USD6.9tn of cumulative GSS and SLB (collectively GSS+) volume, of which USD5.7tn (83%) was found to be aligned with the Climate Bonds Methodologies.
• Further, USD1.05tn in aligned deals were priced in 2024, marking a record year with 10,331 deals and a year-on-year (YOY) increase of 31%. This increase highlights a growing demand for improved transparency and rigour in the sustainable debt market, as highlighted in the recent Transparency & Reporting in the GSS Bond Market report.

As China’s energy transition deepens, breakthroughs in emerging technologies will do far more than enable systemic energy transformation — they will reinforce the “growing by greening” cycle. This dynamic can help sustain the policy commitment, necessary to drive deep structural changes — essential for building a clean electricity future.

...

• China’s “more renewables, more coal” era is ending ...
• Deeper transition now hinges on breakthrough beyond wind and solar.  As China enters this transformative phase, success demands a paradigm shift — from chasing “megawatts” to engineering a “megasystem” ...
• Unlocking new frontiers for green growth. While the "new three" sectors - solar, batteries, and EVs — have become key drivers of GDP growth, achieving double-digit expansion last year, China only narrowly met its GDP target ...
• Sustaining momentum for China’s next-phase energy transition. By reinforcing the "growing by greening" dynamic ...

Until November 21, 2024, it was common for funds deemed to apply ESG-related strategies to have an ESG reference in their name.

The ESMA ESG fund naming rules caused many funds with an ESG reference in their name to rename. According to a previous Morningstar Sustainalytics report, at least 880 funds changed names between May 2024 and 2025. A relatively large number of passive funds either dropped the reference or changed it.

According to the fund companies, all funds in scope of this paper retained their ESG approach despite removing or changing the ESG reference in the fund names. None of the active and only a few passive funds saw a change in their approach or objectives.

The total carbon footprint of a portfolio has commonly been used both as a measure of that portfolio’s climate impact and as a measure of transition risk. However, we found that impact and risk measurement may require different approaches. A tonne of CO2 has the same impact on our climate no matter where or how it's emitted. But when it comes to a company's transition risk, not all emissions are created equal. Some emissions matter more, depending on where they come from and the industry context. We found that investors could get a better signal by focusing on a materiality-weighted carbon footprint.  

Our analysis shows that, over the past decade, emissions-based transition risk has had a stronger relationship with corporate earnings, stock performance and credit risk than previous academic studies suggested.

Carbon footprint versus transition risk

...

Finance is adapting.

Achieving net-zero as soon as possible has long been seen as critical for safeguarding our economy and society. Yet doing so by 2050 through a finance-led transition now seems out of reach. Hence investment institutions, banks and insurers are getting pragmatic: preparing for the worst, while still aiming for the best, under the circumstances.

The circumstances are that our world is increasingly fragmented. Physical impacts differ drastically by location, climate policies differ substantially by markets, as do energy mix and clean-tech adoption.

Pinpointing exposure

...

I have written a couple of times about biodiversity issues in ESG investing. While I was sceptical, I was also hoping that as the area evolved, we would get better measurements of biodiversity risks (which we did) and a better grasp of their impact on share price returns. Alas, so far, the impact of biodiversity risks on share prices remains elusive. A new study with Chinese companies doesn’t help.

Unilever: Integrated Annual Report & Accounts 2024

RepRisk adds 30 new team members to further innovate agentic AI delivery and data integration, building on two decades of AI innovation and human-labeled data.

23 new hires take on AI, engineering, and connected-LLM expert roles with most positions based at RepRisk’s Zurich headquarters and several located in the Berlin office, forming a dedicated agentic products team. To satisfy client demand for enterprise-wide data integration, 7 of the 30 new full-time employees will strengthen the key account management and data delivery and integration teams.

Keep an eye on open positions and set up your job alerts at reprisk.com/careers. Please note that we do not accept applications via email.

Electricity Demand Growth: Electricity demand outpaced overall energy demand growth last year, with electricity demand reaching 34% of total energy demand in 2024.

Hyperscalers Shift to Renewables: Hyperscalers (the largest cloud infrastructure firms) are adopting a strategy of co-locating new renewable energy sources, in part to avoid rising power costs, which have been traditionally linked to commodities like natural gas.

Battery Storage Rise: Battery energy storage systems (BESS), using lead-acid or zinc-bromide alongside lithium-ion, present a potential solution to the problem of renewable energy variability for these facilities.

Zinc and Lead Opportunity: Increased BESS use could boost demand for zinc and lead under certain adoption scenarios, improving market outlook by enhancing their role in the green energy economy.

Contents

• A classification framework outlying sustainability-related information types and focus areas
• An overview of how investor information needs vary by investment style, strategy, asset class and intended action
• Guidance for companies on understanding your investors, how to prioritize, communicate, and respond to information needs and applications
• Insights on key investor actions: investment decision-making (incl. integration, screening, thematic), engagement & stewardship, and reporting
• Case studies from asset managers and companies, covering nature, equity, and climate

Comment from SRI-C team

SRI-Connect was delighted to collaborate in the production of this guide.  It is no exaggeration to say that writing this guide (and its predecessor on integration into valuation) have fundamentally challenged (and changed) our perceptions of (and ability to articulate) what information investors actually use (as opposed to what commentators say (and regulators assume) investors should need).  It's all rather different but encouragingly (!) some of the concepts and definitions developed in the work show a much more constructive way forward for sustainable investors than might otherwise have been apparent.

Interest in plant-based dog food has been growing for years as the ethical and environmental impact of feeding other animals to dogs has come under increased scrutiny.

If you want to put your dog on a plant-based diet, it’s now easier than ever. There are at least a dozen nutritious plant-based dog food brands to choose from, available online and in stores. Many also make plant-based treats. There are even cultivated chicken dog treats now on sale in the UK for the first time.

“There has been a huge interest in vegan and sustainable pet diets recently,” Veterinary Professor of Animal Welfare Andrew Knight tells Plant Based News. “Many pet guardians and pet care industry professionals are learning that nutritionally sound vegan commercial pet foods now exist, and that these can offer significant benefits for pet health and environmental sustainability.”

Has this momentum now gathered enough pace that 2025 could become the year ethical dog food goes mainstream?

Corporate Climate Policy Engagement in India

An initial analysis of 20 of India's most climate significant companies and eight of India’s most influential industry associations revealed ReNew to be the only clear corporate climate policy leader.

However, preliminary findings also indicated a lack of concentrated opposition to greater climate progress, as identified elsewhere globally.

18 companies were assessed as being partially supportive of science-aligned pathways to limit global warming to 1.5°C, according to the recommendations of the Intergovernmental Panel on Climate Change (IPCC), in their climate policy engagement.

One company, Coal India Ltd. demonstrated climate policy engagement that is clearly misaligned with this goal, however its engagement with climate policy is limited.

RMI: Seizing the Industrial Carbon Removal Opportunity

To reach net zero, and go beyond, heavy industries need to adopt carbon removal practices

The imperative for existing industries to integrate carbon removal into their operations is no longer solely an environmental consideration; it is a strategic opportunity for long-term commercial success and resilience in a rapidly changing world. This report underscores that the dual forces of commercial opportunity and emissions urgency are converging, creating a pivotal moment for industry leaders to act decisively.

Beyond the imperative to reach net-zero climate targets, integrating carbon removal offers tangible business advantages. Early adoption allows companies to tap into new and expanding revenue streams through carbon credits, green product premiums, and potential government incentives. Carbon removal is also a tool for managing regulatory risk and carbon tax obligations, which are expected to increase in key markets in the coming years. Taking a proactive approach ensures continued competitiveness by building in-house expertise and avoiding future dependence on external carbon removal providers to meet net-zero goals.

There is an expanding and compelling array of opportunities for integrating carbon removal methods within existing industrial operations, particularly where there is large-scale processing or transport of rocks, minerals, water, air, biomass, or carbon itself....

Forestry is emerging as a critical sector for impact investors, offering opportunities to address climate change, biodiversity loss and economic development while generating competitive financial returns.

In 2024, 15% of investors made at least one forestry investment, and just under half expect to increase their allocation to the forestry sector in the next five years, according to the GIIN’s State of the Market 2024 report.

Forestry impact investing funds offer investors a variety of project types, including sustainable timber production, reforestation and conservation initiatives and investments in forested land, timber assets and emerging carbon markets. Beyond conservation and carbon finance, forestry also serves as a platform for social investments, with the potential to support decent job creation, Indigenous land stewardship and community-driven economic opportunities.

Smith School of E&E: A 7-Step guide to help companies deliver a just transition

Net Zero is ultimately about people. While public support for climate action remains strong, that support must be actively earned and maintained, especially among the communities most affected by the transition.

As climate action increasingly competes with other political and economic priorities, the long-term success and legitimacy of corporate climate plans will depend on how well they integrate justice, equity and inclusion – this is what is meant by the phrase ‘just transition’.  Yet, voluntary guidance and standards offered to businesses to help guide climate transition planning include limited actionable guidance on how to integrate ‘just transition’ elements...

The Critical Role of Technology in Closing Data Gaps for Climate and ESG Reporting.

"Sustainability is becoming a core consideration in banking, reshaping how institutions define risk, opportunity, and long-term value.

Increasingly, financial institutions are encouraged to incorporate ESG risks-related considerations in strategies and objectives, governance structures, and to manage these risks as drivers of financial risks in their risk appetite and internal capital allocation process. In this capacity, banks play a critical role in enabling the transition to a sustainable economy.

In this white paper, we explore the evolving regulatory landscape of banking-specific ESG regulations, with a geographic focus in Europe, the United States and Asia. Global regulatory regimes such as the Basel Committee on Banking Supervision (BCBS) are also included in our analysis."

"IGCC’s State of Net Zero report is Australia’s most comprehensive and rigorous analysis of investors’ climate progress. This year’s findings show that Australia’s institutional investors remain firmly attuned to the risks and opportunities of climate change – and how they align with their fiduciary responsibilities."

"Energy Transition Response Assessment 

• Company’s upstream hydrocarbon production and refining business face demand substitution risk, particularly from transport electrification in light of its heavy weighting towards oil
• Revised production guidance significantly upwards in recent strategy shift but still planning for lower growth than many other producers 
• Increased exploration activity indicates plans for continued new production in long-term 

3 key questions for investors to ask:  

• Key question 1: What financial impact would Paris-aligned scenarios have on bp’s business, and individual upcoming projects, beyond 2030?
• Key question 2: What is the breakdown between planned capex on new vs existing projects and long- vs short-cycle developments?
• Key question 3: What is bp’s guidance for refinery throughput in the short-medium term? 

Climate Impact Assessment 

• bp is not Paris-aligned, owing to its sanctioning of significant new upstream production. Significant proportion of BAU project options incompatible with 1.7˚C and expected to approve projects incompatible with 2.4˚C
• Lack of disclosed plans for refinery throughput makes climate alignment difficult to determine
• Company’s emissions targets are not Paris-aligned, lacking 2030 goal for scope 3 absolute reductions 

3 key questions for investors to ask: 

• Key question 1: How can bp claim Paris alignment given the limited space available in the carbon budget for new oil and gas?
• Key question 2:  How does bp expect to reach Net Zero Sales by 2050 if its full-lifecycle GHG emissions are currently increasing?
• Key question 3: Will bp consider introducing emission reduction incentives matching its strongest emissions target?"

"Energy Transition Response Assessment 

• Cenovus appears to be planning for a transition scenario slower than the base-case scenario modelled by the IEA and closer to the one modelled by OPEC: 
  o Past disclosures indicated 2035 forecasts for liquids demand around 110 million barrels of oil equivalent per day (mmboe/d).  
  o Plans to increase production by 19-22% over 2024-2028, with half of the increase expected from oil sands projects.   

3 key questions for investors to ask:  

• Question 1: Why does Cenovus’s forecast show liquids demand growth higher than that modelled under the slow transition scenario by IEA?
• Question 2: What is Cenovus’s production guidance after 2028?
• Question 3: How does Cenovus’s breakeven price (based on total capital investment) compare with peers both inside and outside Canada? 

Climate Impact Assessment

• Cenovus’s production plans, capex plans, and positioning on emissions are in Carbon Tracker’s view not Paris aligned

3 key questions for investors to ask: 

• Question 1: When does Cenovus plan to republish its climate plans?
• Question 2:  What will be the remaining lifetime of the projects undergoing expansions/optimisation?
• Question 3: Will Cenovus consider removing direct growth incentives and replacing indirect growth incentives with metrics that are not tied to O&G production?"

"Energy Transition Response Assessment 

• Company appears to be betting on a slow transition: - Views fast-paced transition scenario as “generally unlikely”; describes slow-paced transition scenario (IEA’s STEPS) in its discussion of oil & gas demand
• Plans to increase oil/gas production despite higher 
  share of high-cost project options than most oil majors 
  (i.e., lower competitiveness)  

3 key questions for investors to ask:  

• What are Chevron’s long-term production plans?
• How does Chevron reconcile its large pending acquisition of long-cycle assets with its claim that it will be able to flexibly respond to potential supply/demand shifts?
• Why does Chevron believe that New Energies (e.g., CCUS, hydrogen) will be commercially viable?

Climate Impact Assessment 

• Chevron’s production & capex plans and emissions targets are not Paris-aligned

3 key questions for investors to ask: 

• What share of planned capex (and production) is tied to new projects?
• How will Chevron ensure its CCUS and offset projects successfully sequester CO2 in the long term?
• How does Chevron determine whether it classifies a product as “lower carbon”?"

What are the key trends that shaped the sustainable investment market in Switzerland in 2024? How did volumes of sustainability-related products evolve, and which essential evolutions did we witness in sustainable investment approaches ? How advanced in the industry in adopting emerging standards and practices such as nature-related risks considerations? How are new technologies like AI shaping the sustainable investment market?

The "Swiss Sustainable Investment Market Study 2025" brings transparency to the development of the sustainable investment market in Switzerland and highlights how sustainable investment practices are maturing across banks, asset managers and asset owners

The study reveals a notable rebound in sustainability-related investments in Switzerland. In 2024, total volumes reached CHF 1,881 billion, marking a significant growth rate of 13%. This rebound reflects a renewed momentum and growing confidence in the sustainable investment landscape. Growth can be observed across all investment types, with investment funds growing by 17% to CHF 820 billion and mandates increasing by 19% to CHF 731 billion. The study also highlights the market's developing maturity, in terms of both scale and strategic application of sustainable investment practices.

Contributions from the study’s sponsors provide additional perspectives on selected topics, complementing the analysis with thematic insights from across the industry.

This year, SSF also introduces a free chatbot that allows you to ask targeted questions on the study, and will provide you with tailored, specific and to-the-point responses.

The election of Donald Trump to the White House has ended the US government’s efforts to mitigate climate change. But how have US investors reacted in their portfolios? How did the political changes influence their investment decisions?

Marco Ceccarelli and his collaborators asked 1,200 Americans to participate in an incentivised survey both before the last election and after Trump was elected. This enabled them to check if the election outcome changed their attitudes towards green investments and their willingness to invest in ESG funds....

Markets are grappling with change from all sides. Rising protectionism and escalating geopolitical tensions are disrupting the long-standing order of global trade. Meanwhile, Trump’s tariff turmoil and erratic policymaking are stoking fears that US growth and exceptionalism has plateaued. Financial markets are registering sharp drawdowns and increased volatility as fearful investors flee US assets in search of more stable returns elsewhere.

What industrial players need to know How Lens Hydrogen is helping manufacturers, OEMs, chemicals, heavy industry and governments to capitalise on the US$2 trillion hydrogen opportunity

The commercial and industrial sector accounts for a staggering 40% of the world’s energy consumption. From manufacturing and retail to big tech, businesses’ hunger for energy is constantly growing.  

Most firms have their sights set on being part of a cleaner, more energy efficient future, but for energy-intensive manufacturing, data-intensive businesses and hard-to-abate industries, this is no easy task.

Electrification is playing a key role in shifting the energy mix. However, in hard-to-electrify sectors, alternatives must be found. At the same time, the intermittency of wind and solar power creates a need for large-scale storage solutions that can balance fluctuations and ensure grids can flex to meet demand. 

Swedbank Robur: Corporate Governance & Engagement Report 2024

Federated Hermes/EOS: 2024 Stewardship Report 

• Engagement report
• ESG Performance report

Focal Points:

• Separately, Vale has published its first Sustainability-Related Financial Information report. This features sections on: 
  - Management of risks and opportunities
  - Climate transition strategy
  - Risks and opportunities related to climate change
  - Resilience
  - Metrics and targets

Parameters:

• Data to: 31 December 2024
• Published: May 2025
• Materiality Matrix: See page 11
• ESG data centre: Vale produces an ESG Data Book 2024 in .xls format (Link)

Focal Points:

• Over the last 9 years, have reduced overall lost time injury frequency rate (LTIFR) by 33% at SCC.
• Energy efficiency at La Caridad SX/EW: Installation of a solar thermal system to reduce the dependence on diesel to heat the electrolyte. Thanks to this intiiative, reduced diesel consumption at the plant
  by 85%, compared with the previous year, avoiding around 1,300 tCO2eq.

Parameters:

• Data to: 31 December 2024
• Published: May 2025
• Materiality Matrix: See page 17/18
• ESG data centre: Not found

Focal Points:

• 2030 Target: Achieve greenhouse gas (GHG) emissions reduction targets (vs. 2018 baseline)
  In progress 68-70
• 2025 Target: Participate in the development of a science-based copper sectoral decarbonization approach (SDA) for the copper industry (completion anticipated in 2026) In progress 74
• 2024 Target: Complete sulfur markets resilience study (necessary for our solution extraction/electrowinning (SX/EW) (leached) copper production) Achieved 

Parameters:

• Data to: 31 December 2024
• Published: April 2025
• Materiality Matrix: See page 12
• ESG data centre: downloadable in an .xls format (Link)

Focal Points:

• Energy consumption - Environment Target met 87 million GJ 2023: 89 million GJ Target: 30%, improvement in energy efficiency by 2030, against a 2016 baseline
• Greenhouse gas emissions - (Scopes 1 and 2) 11.6 Mt CO2e  2023: 12.5 Mt CO2e  Target: 30% absolute reduction by 2030, against a 2016 baseline
• Fresh water withdrawals - 35,439 ML  2023: 38,040 ML  Target: Reduce the abstraction of fresh water by 50%, against a 2015 baseline by 2030

Parameters:

• Data to: 31 December 2024
• Published: Assurance date is February 2025
• Materiality Matrix: See page 24
• ESG data centre: downloadable in an .xls format (Link)

The United States’ newest federal holiday — celebrated annually on June 19 — has quickly become its most puzzling one. Four years after President Joe Biden signed the Juneteenth National Independence Day Act, Americans have wrestled with what to make of the holiday.

What is Juneteenth? What is the proper way to celebrate it? Should holiday observers attend barbecues and cookouts? Should Juneteenth’s observance be a day of learning? Is there a way to acknowledge the holiday without misappropriating it?

Key Highlights:

• "The qualitative nature and inherent limitations of the Sustainable Development Goals (SDGs) pose challenges in accurately measuring corporate contributions. Their design for sovereigns further complicates investors' ability to evaluate corporate sustainability efforts and increases the risk of greenwashing
• Third-party SDG data solutions often lack clarity and standardisation, leading to over-generalisations that obscure true corporate contributions and result in missed investment opportunities
• We propose reimagining SDGs as investment themes rather than mere reporting tools, to allow for a more nuanced approach. By leveraging AI technology to link granular company data to these themes, investors can create diversified thematic portfolios that align more effectively with sustainability objectives and adapt to evolving market trends"

Includes sustainable development report

HSBC: Integrated Annual Report & Accounts 2024

"Energy Transition Response Assessment

• Company is now targeting 3%/y growth through 2030–mainly via LNG—despite claims of being “most committed” to the energy transition among the majors  
• Recently approved $2bn in 2 projects incompatible with even a slow-paced transition scenario 
• Significant midstream & downstream activities (esp. refining & chemicals) expose company to risk of revenue loss, earlier-than-expected asset closures, etc. as demand for oil & gas is substituted

ETRA: 3 key questions for investors to ask:

• Key question 1: What pace of energy transition is the company betting on through 2040 and 2050?
• Key question 2: Why does the company believe there will be sufficient demand for output from new LNG projects?
• Key question 3: What are the anticipated impacts of the company’s forecasted commodity prices on midstream, downstream, and trading revenues?

Climate Impact Assessment 

• Company’s capex plans, production plans, and emissions targets are not Paris-aligned: - 33% of 5-year planned capex is now allocated to new oil & gas projects (up from 30% previously)—counter to IEA’s NZE (1.5°C) scenario
• “Low-carbon” energies segment includes gas-based power, which cannot credibly be considered low-carbon
• Advocates/lobbies for continued role of fossil gas, despite 2050 carbon neutrality ambition

CIA: 3 key questions for investors to ask: 

• Key question 1: How does the company reconcile its medium-term oil & gas growth strategy with its 2050 carbon neutrality ambition?
• Key question 2: How is “low-carbon” defined by company?
• Key question 3: Why does the company advocate/lobby for the continued role of fossil gas, considering its high GHG emissions and the company’s carbon neutrality goal?"

"Energy Transition Response Assessment

• ExxonMobil seems to be planning for a transition slower than the IEA’s Stated Policies Scenario (STEPS).
• Expects global liquids demand to stabilise and gas demand to grow 25% by 2050. Plans to increase production by 25.6% by 2030.
• Planning for a slow transition may expose the company to demand substitution risk in case of a drop in hydrocarbon demand below expected levels. 

ETRA: 3 key questions for investors to ask:  

• Question 1:  What share of future growth in hydrocarbon output will come from long-lead long-cycle assets?   
• Question 2: What is ExxonMobil’s production guidance through 2040?
• Question 3: How have the impacts of transition related risks and achieving emissions reduction targets been reflected in the preparation of the financial statements? 

Climate Impact Assessment

• ExxonMobil’s production plans, capex plans, and emissions targets are in Carbon Tracker’s view not Paris aligned. Ranks 26th out of 30 in our holistic assessment of climate alignment.
• So-called “low-carbon energy solutions” show continued reliance on petroleum, specifically liquids for petrochemicals and gas for hydrogen projects.  

CIA: 3 key questions for investors to ask: 

• Question 1: Does ExxonMobil plan alignment with a temperature outcome of well below 2°C? If so, how?
• Question 2:  How much upstream capex did ExxonMobil allocate to new vs existing projects?
• Question 3: How does ExxonMobil justify its lobbying activities running counter to Paris Agreement goals? 

Biogases play an important and growing role in energy systems. Produced locally using organic waste, biogas and biomethane can contribute to energy security, waste management, emissions reductions and agricultural development.

In recent years, demand for biomethane – also known as “renewable natural gas” – has grown rapidly in many countries, supported by dozens of new policies. As a low-emissions substitute for natural gas, the use of biomethane has been targeted across a wide range of sectors, including power, industry, transport and buildings. 

This report presents a first-of-its-kind global geographical analysis of the untapped potential of biogas and biomethane from agriculture, municipal waste and forestry residues. Using detailed geospatial and production cost data, it assesses the potential, costs and suitability of over 30 types of feedstocks in more than 5 million locations worldwide.

JobPost: UGI Corp. - Manager - ESG & Investor Relations (US, close unknown)

The role will be based within the Carbon Performance or Climate Action 100+ (CA100+) team.

Do note, we are recruiting one candidate for each of the projects, so do express your interest in one of the listed projects and why you will be suited to it within the cover letter. While we will do our best to accommodate project preferences, we cannot guarantee placement in the preferred team.

• Collecting data from government documents, assessing the alignment of NDC emissions reduction targets with 1.5C and researching national policies on climate mitigation, adaptation, just transition and finance.
• Contributing to ongoing improvements in the existing ASCOR methodology.
• Supporting the maintenance of an internal assessment database using Excel alongside R or Python.
• Contributing to writing reports and related analysis and visualisations.  

JobPost: ISS - New Business Sales - Climate & Sustainability (NYC, close unknown)

Senior Associate, Stakeholder Experience
Principles for Responsible Investment
 
Employment Type Full time Please note, where PRI has an office there is an expectation to work a minimum of 2 days per week 
 
Location  Hybrid · London, UK   
 
Seniority Junior
Closing: 8:00pm, 15th Jun 2025 BST

Specialist, Investor Initiatives
Principles for Responsible Investment
 
Employment Type Full time Please note, where PRI has an office there is an expectation to work a minimum of 2 days per week 
 
Location  Hybrid · London, UK   
 
Team IIC
 
Seniority Mid-level
Closing: 8:00pm, 5th Jun 2025 BST

JobPost: M&G - Senior ESG Compliance Advisor (London/Edinburgh, close 30 June)

Principles for Responsible Investment
 
Employment Type Full time Please note, where PRI has an office there is an expectation to work a minimum of 2 days per week 
 
Location  Hybrid · London, UK   
 
Seniority Senior
Closing: 8:00pm, 15th Jun 2025 BST

JobPost: JPMorganChase -  Investment Banking – Sustainable Solutions – Analyst (London, Close 28 Jun)

JobPost: Lloyds Banking Group - Sustainability Reporting Manager (London, close 5 Ju

Senior Data Specialist - full details here

Senior Responsible Investment Ecosystem Manager - UK - full details here

JobPost: M&G - ESG Manager (12 month Secondment / FTC) (London, close 24 May)

Temporary / Full time
Location
Frankfurt am Main
Function
Investment & Transaction Banking

Your tasks

• Analysis of the sustainability strategy of our clients and support the ESG Advisory team in preparing client pitches
• Support analysis and definition of meaningful, measurable, and ambitious ESG-relevant KPls (Key Performance Targets) and Sustainability Performance Targets (SPTs) for KPl-linked financing products 
• Participate in the execution of sustainable finance transactions
• Work on ad hoc projects and tasks related to ESG and sustainable finance advisory
• Continuous update of our marketing material and our databases

JobPost: PRI - Analyst, Multi-Asset, Guidance  (London | Closing: 8:00pm, 18th May 2025 BST)

Analyst, Multi-Asset, Guidance
Principles for Responsible Investment
 
Employment Type Full time Please note, where PRI has an office there is an expectation to work a minimum of 2 days per week 
 
Location  Hybrid · London, City of, UK   
 
Seniority Junior
Closing: 8:00pm, 18th May 2025 BST

JobPost: MSCI - Sustainability & Climate Sales Specialist - Riyadh (London, close unknown)

JobPost: M&G - Impact Investing Senior Associate (London, close 21 May)

JobPost: State Street - Sustainability Governance & Program , Assistant Vice President (London, close 31 May)