Listing

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”?"

SSF: Swiss Sustainable Investment Market Study 2025 
 
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.

Read Infrastructure Investor's Renewable Energy Roundtable where Joost Bergsma discusses the impact of recent tariffs on the global clean energy market and the need to invest in more solar power to support growing demand for data centers.

Franklin Templeton: Climate Matters: Electric vehicles - rising sales and falling equities

Despite facing challenges in recent years, Craig Cameron of Templeton Global Equity Group believes the current environment for electric vehicles (EVs) is appealing. In this article, he explores the key supply and demand factors shaping the future of the EV sector and offers insights into where investment opportunities may be found.

This year’s World Energy Investment report, marks the 10th edition of this flagship analysis and provides a full update on the investment picture in 2024 and an initial reading of the emerging picture for 2025.

The report provides a global benchmark for tracking capital flows in the energy sector and examines how investors are assessing risks and opportunities across all areas of fuel and electricity supply, critical minerals, efficiency, research and development and energy finance.

The report highlights several key aspects of the current investment landscape in the context of recent policy and macroeconomic developments and a heightened focus on energy security. It explores the different drivers of energy investments and identify emerging trends and priorities.

At the time of writing (April 2025), the global economy faces heightened levels of uncertainty, making it challenging to forecast near-term issuance of green, social, sustainability, and sustainability-linked (GSSS) bonds in emerging markets.

That said, some underlying market drivers are apparent, such as a likely pickup in new issuance to refinance existing debt that is reaching maturity. GSSS bonds are a relatively young asset class, established with the first green bond transactions more than a decade ago.

Approximately $330 billion of those bonds will soon come to maturity and will need to be replaced over the next three years. On the other hand, three factors are likely to constrain new GSSS bond sales.

First, weaker global economic growth amid turmoil in the global trading system.

Second, recent regulatory changes in Europe such as new rules on how funds are named that are intended to curb greenwashing (misstating the extent to which financial instruments meet sustainability criteria), could reduce the number of sustainable funds that buy GSSS assets.

Third, interest in sustainable investing may have peaked in several countries, adding uncertainty to projected flows of finance to fund technological upgrades and sustainable development in emerging markets. 

Key findings

• "We analyzed transition funds in Singapore, Hong Kong and Australia and found that portfolio construction, climate-related risk exposures and financial performance varied significantly by transition theme.  
• Most funds exhibited lower transition risk than the MSCI ACWI Investable Market Index under our Climate Value-at-Risk model, as of May 2025, while 65% reduced their Implied Temperature Rise by an average of 0.7°C since May 2023.  
• As the transition-funds market grows, integrating deeper climate insights may become crucial for institutional investors to assess the different roles transition products can play in portfolios and to capture long-term opportunities."

This report reviews the state of play of corporate emissions and climate targets, by combining insights from three unique data viewpoints: a review of public corporate statements from a sample of 40 large debt issuers; a sample of outcomes from Sustainable Fitch’s Transition Assessments (TAs) for oil and gas companies; and emissions targets data and derived emissions intensity from Sustainable Fitch’s data for rated and scored entities.

Rothschild & Co Wealth Management: 2024 Sustainability and Stewardship Report

Includes:

• Stewardship: Industry review: value and values collide
• Sustainability: Adaptation and risk; Shaping and impact
• Looking ahead

Parameters:

• Data to: 31 March 2025
• Publication date: April 2025

Why aviation’s net zero plan still doesn’t fly.

Key industry players are failing to align stated decarbonisation ambitions with the necessary capital expenditure and R&D allocation.

Investment into conventional aircraft dwarfs current efforts to scale up new propulsion aircraft (electric, hydrogen and hybrid).

This report examines the current market for new propulsion aircraft in light of the role they will need to play in decarbonising the aviation sector. Close attention is paid to the activities of the dominant manufacturers, Airbus and Boeing, and major European airlines such as IAG. The advantages and disadvantages of different technological options for cutting emissions, including “sustainable aviation fuels” (SAF), are assessed in turn.

Investors are expanding their focus to solutions that can adapt to climate change rather than just trying to mitigate it, the Robeco Global Climate Investing Survey 2025 shows.

Summary

• Adaptation solutions include sea defenses, refrigerants and new drugs
• Mitigation is well established, led by clean energy and electric vehicles
• Uncertainty over potential adaptation returns and lack of suitable strategies
  

Capital deployment in the real world

We first wrote about Actual investing back in 2018, concerned that investment markets had become increasingly detached from the real-world task of thoughtful capital deployment. We argued that a growing obsession with daily prices, volatility and abstract market concepts was distracting investment managers from our original purpose.

Seven years later, the backdrop has changed significantly, in the world and in our firm. Many Baillie Gifford investment strategies have taken a hit as long-termism has all but vanished from equity markets and some clients and prospects will be questioning our approach.

In this paper we focus on why we are sticking to it, revisiting the characteristics of managers who are most likely to outperform in the long term, and we look at the growing importance of shareholder
engagement.

As politically motivated attacks on diversity, equity and inclusion ramp up within the United States, we’ve had to take a step back and evaluate what’s truly changing for investors and investee companies — and what’s not.

Some of what’s changing is the legal context around diversity, equity and inclusion — actual decisions and regulatory actions that cannot be ignored. There may also be some relevant brand-related risks from online campaigns. But the extent of the legal risks is more specific than general, and the brand risks may be more smoke than fire.

SHARE’s latest investor brief goes into greater detail on the tangible ways to distinguish the risk from the rhetoric. The fundamental takeaway for investors is that we need to accurately assess what brings value to our portfolios and not be distracted by attacks from special interests.

More companies across APAC are disclosing transition plans, potentially driven by the increased adoption by the region’s regulators of standards aligned to the International Sustainability Standards Board (ISSB).1 Between 2022 and 2024, the share of companies with such plans jumped to 22% from 12%. These companies are also significantly more likely to disclose value-chain emissions and set climate targets. 

Of the companies with transition plans, around half have set, or committed to set, targets approved by the Science Based Targets initiative (SBTi)....

The latest Carbon Performance data for the world’s largest paper and cement companies are now available on the TPI tool.

This update covers 33 paper and 44 cement companies. Together, these companies represent a combined market capitalisation of over $270 billion as of June 2025. 

Investors must turn up transparency in the tuna industry

Despite recent progress, the tuna industry faces persistent challenges: biomass is only at 20-60% of pre-industrial levels, and the industry causes a major impact on other species. The thirty largest tuna harvesters account for an estimated 46% of global tuna catch. Only four out of 30 firms report any tuna catch volumes. 

Because transparency remains poor, investors cannot assess individual company risks in this climate-threatened sector. By shedding light on corporate activity in the opaque tuna industry, this analysis shows why greater transparency is urgently needed – not just for ocean health, but to reduce investor risk and to support the financial performance of tuna harvesting companies.  

"ENERGY TRANSITION RESPONSE ASSESSMENT

• Shell's strategy centres heavily on LNG, which it believes will play a critical role in the energy transition
• Aims to grow oil & gas production by 1% to 2030; however, nearly half of its upstream projects that are likely to be sanctioned under BAU are modelled to be uneconomic under moderate-paced transition scenario
• Plans to expand biofuels from 2025 and hydrogen and CCS offerings from 2030 are likely costly; risk being uneconomic

ETRA: Key questions for investors to ask

• Key question 1: By how much does the company plan to grow gas—and especially LNG production—over the medium- and long-term
• Key question 1: Why does the company believe LNG demand will increase sufficiently enough to justify capex in new LNG projects?
• Key question 2: What are Shell’s hydrogen and CCS-asa-service plans? How will these be economic, and valueadditive to shareholders?

CLIMATE IMPACT ASSESSMENT

• Company is not Paris-aligned
• Combined analysis assessment: Jointly ranks 6 out of 30 companies

CIA: Key questions for investors to ask

• Key question 1: How are the LNG and net-zero strategies compatible with each other, given the commercial/technical viability risk of CCS and bioLNG?
• Key question 2: How much future oil & gas production does the company plan to come from new projects?
• Key question 3: How much gas-based power generation and gas-based hydrogen is planned?"

Tracking Technology Transition in the Indian Steel Sector: A Steel Company Report

Key insights from the report include:

• Carbon lock-in risk from continued blast furnace expansion, including 56% of capex aligned to carbon-intensive projects.
• Potentially limited access to CCS, making it harder for CO2 intensity reduction with blast furnaces beyond 2030.
• Exposure to EU carbon border tariffs (CBAM), with potential trade costs of up to 48-71% by 2034.
• A need for greater clarity on methane, which could influence technology decisions for optimal transition planning.
• Potential to close the ‘viability gap’ between blast furnaces and low-carbon alternatives sooner by considering a phased approach to green hydrogen.
• Higher exposure to the automotive sector, suggesting greater opportunity to benefit from green steel premiums.

JSW has demonstrated leadership among its peers by committing US$ 13 bn towards renewables and hydrogen-ready steel production methods. This puts the company in a better position to transition away from coal, but carbon lock-in from blast furnaces may slow the rate at which this can be done.

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)