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(https://group.dhl.com/en/sustainability/sustainability-approach/sustainability-reports.html?utm_source=chatgpt.com)

Published: March 2026

Summary: DHL continues to produce one of the strongest integrated sustainability reports in the logistics sector. It combines financial reporting with detailed sustainability disclosures covering sustainable aviation fuel, electrified delivery fleets, green logistics solutions, supply-chain resilience and customer decarbonisation services, plus statbook.

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(https://www.iairgroup.com/investors-and-shareholders/financial-reporting/annual-reports/)

Published: March 2026

Summary: IAG's reporting covers sustainable aviation fuel (SAF), fleet renewal, operational efficiency and climate transition. The report links decarbonisation with long-term airline competitiveness, while also discussing investment in more fuel-efficient aircraft and customer demand for lower-carbon travel.

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(https://www.maersk.com/sustainability/reports-and-resources?utm_source=chatgpt.com)

Published: March 2026

Summary: Maersk continues to integrate sustainability directly into its Annual Report rather than publishing a standalone ESG report. Key themes include green methanol-powered vessels, logistics decarbonisation, customer supply-chain emissions reduction, responsible ship recycling and climate transition strategy.

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(https://klementoninvesting.substack.com/p/circumstances-matter)

One of the shortcomings of behavioural economics and psychology is that in experiments, researchers focus on personality traits and socio-economic factors, but pay little attention to the circumstances a person is in.

I have written in my Virtuous Investor series in 2020 about the risks involved in this. In particular, I pointed out the excellent book by Lisa Feldman Barrett that shows how circumstances influence our decisions. Even a small change in circumstances can turn these experiments upside down.

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(https://klementoninvesting.substack.com/p/is-water-use-priced-in-stock-markets)

Yes (to provide one example that violates Betteridge’s law of headlines). Investors are increasingly pricing water risk across sectors and, in particular, within sectors.

team of Dutch researchers analysed global stock return data for 14,650 firms in 75 countries and paired these companies with their self-reported water use where available. They then tried to find correlations between stock market returns and water use within an industry, as well as direct and indirect water use (throughout the supply chain) and the influence of water stress (water use relative to available water supply).

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(https://www.diageo.com/en/investors/results-reports-and-events/annual-report-2025)

Published: March 2026 reporting cycle

Summary: Diageo continues to integrate sustainability into its "Spirit of Progress" strategy, covering regenerative agriculture, water stewardship, packaging innovation, responsible drinking and supply-chain resilience.

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(https://www.carlsberggroup.com/reports-downloads/carlsberg-group-2025-annual-report/)

Published: February 2026

Summary: Carlsberg's report integrates financial and sustainability reporting under its "Together Towards ZERO and Beyond" strategy. Coverage of climate, water efficiency, regenerative agriculture, sustainable packaging and low-carbon brewing operations, together with progress against science-based targets.

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(https://www.theheinekencompany.com/sites/heineken-corp/files/2026-04/2025_Heineken_NV_Annual_Report_Interactive_100226_FINAL.pdf)

Published: February 2026

Summary: Heineken's integrated report continues to develop its "Brew a Better World" strategy, linking sustainable agriculture, water stewardship, circular packaging and responsible consumption with long-term business growth.

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(https://www.deka-etf.de/documents/cgrv_20260223_de.pdf)

Deka Investment has published its Engagement Bericht 2025 (Engagement Report 2025; German-language)

Publication date: February 2026 

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(https://domini.com/2025-impact-report/)

Domini Impact Investments has published its 2025 Impact Report, covering the firm's shareholder advocacy, community investment, and environmental activities for calendar year 2025.

Publication date: 4 May 2026 

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(https://www.dpaminvestments.com/documents/engagement-activity-report-enBE)

DPAM has published its 2025 Engagement Activity 

Publication date: no specific date stated; voting data as at 31 December 2025 and the text references developments to February 2026, indicating publication in Q1/Q2 2026 

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(https://coalition.climateaction.org/wp-content/uploads/2026/06/CAC_AI_REPORT_A4_v7_Digital.pdf)

The Climate Action Coalition's Net Benefit AI Taskforce has published 'Net Benefit AI: Scaling Solutions, Opening Opportunities', examining AI's dual role as a fast-growing source of electricity demand and an accelerant of decarbonisation.

The report cites estimates that data centres consumed roughly 448 TWh of electricity in 2025 — on course to approach 1,000 TWh before 2030 — while responsibly deployed AI could cut global emissions by up to 5.4 billion tonnes by 2035, more than offsetting its own footprint.

It proposes a 'Global Pledge for Net Benefit AI', analogous to COP28's renewables-trebling goal, alongside priorities spanning renewable-powered data centres, mandatory environmental disclosure and efficiency standards. Co-chaired by Ambassador Patricia Espinosa and Chris Skidmore, the report is available at the link below.

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(https://reports.ccla.co.uk/better-world-2026)

CCLA Investment Management has published Better World 2026, its annual stewardship outcomes report covering the year 2025. One of the UK's leading responsible investment managers — serving charities, faith bodies and not-for-profit organisations — CCLA documents a full year of engagement activity across three interconnected themes: better work, better environment and better health.

In 2025, CCLA engaged with 242 companies on workplace issues, 209 on environmental themes and 220 on health, with 96 co-investors holding a combined £16 trillion in assets under management supporting its programmes.

Headline activities include the launch of the Corporate Mental Health Benchmark – Global 100+ and the Modern Slavery UK Benchmark, with co-signed letters dispatched to every ranked company; the filing and subsequent withdrawal (after commitments were made) of a climate resolution at NextEra Energy; engagement with Amazon and McDonald's on collective bargaining and supply chain labour standards; and a new initiative targeting 40 counterparty institutions in CCLA's cash funds on fossil fuel financing.

A pilot of a Global Modern Slavery Benchmark, covering 95 of the world's largest companies, was also launched. The report includes full appendices covering CCLA's 2025 engagement record, shareholder proposals, voting record and portfolio carbon footprint.

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(https://www.alliancebernstein.com/content/dam/corporate/corporate-pdfs/ab-global-stewardship-statement-and-report.pdf)

AllianceBernstein has published its AB Global Stewardship Statement and 2025 Report, combining its annual stewardship activity report with its standing responsible investing policy statement in a single document covering calendar year 2025.

Publication date: April 2026