Buzz: Transfer to editor

Mar 19, 2026

Contains financial and sustainability reporting, reflecting the importance of sustainability in Equinor's business.

Equinor's ESG reporting centre says the sustainability statement is prepared under CSRD/ESRS, with broader ESG data in its Sustainability Data Hub.

Mar 12, 2026

Presents Shell's financial, operational, strategic and sustainability performance for the year ended Dec. 31, 2025.

Shell says the Sustainability Statements are presented on a voluntary basis under CSRD/ESRS and appear on pages 335-425.

Mar 6, 2026

Sets out bp's approach to safety and sustainability and progress on its aims for net zero operations, net zero sales, people, biodiversity and water.

BP also says it continued embedding sustainability into the way it works in 2025; selected KPIs were limited-assured by Deloitte.

As the energy transition reshapes markets, investors are seeking clearer ways to assess how transition risks and opportunities may affect portfolio outcomes. In this paper we analyzed more than 37,000 mutual funds and ETFs globally to examine whether transition characteristics were linked to financial performance. 

The results suggest they were. Between 2022 and 2025, higher fund Energy Transition Scores were associated with stronger returns, particularly among climate- and transition-focused funds. A one-point increase was associated with +1.7% per year higher returns, rising to nearly +3% for climate and transition funds. Managing exposure to transition pressures — such as policy and technology risks — showed the strongest relationship with performance, while transition readiness was more closely tied to improved decarbonization outcomes.

"Carbon footprints show where a fund has been. But do they reveal how it’s positioned for the road ahead? 

In this episode, we unpack insights from Positioning Portfolios for the Energy Transition, analyzing more than 37,000 funds representing USD 50 trillion in assets. The research finds that funds with stronger energy transition positioning were associated with higher historical returns — and stronger links to decarbonization outcomes."

A recent survey by the European Central Bank (ECB) highlights the impact of ecosystem-service deterioration on the financial stability of the eurozone. It shows that more than 70% of businesses in the region, representing nearly 75% of outstanding bank loans to businesses, rely heavily on at least one ecosystem service.

In this study, the ECB also highlights, through the “feedback loop” concept, the endogenous nature of the Natural Capital related risk. Financial institutions are both highly exposed to activities that depend on ecosystem services and contribute to their degradation by financing activities that put pressure on natural capital, including climate change.

Sustainable Investing section here

2025 was a turbulent year for responsible investing. We saw a meaningful shift in the mood around the environmental, social and governance (ESG) efforts of companies and investors alike, with some walking back commitments to everything from DEI to climate change.

This was primarily because of the shifting power dynamics in the U.S., but not exclusively so. The rumblings were coming from many jurisdictions, including the European Union and Canada. It would also be a mistake to think that this shift started with the first 60 days of the new U.S. administration, as the change in mood had been growing steadily over the last couple of years.

Diversification has always been a moving target. What counted as a well-diversified equity portfolio 20 years ago bears little resemblance to what investors hold today. Yet, even as portfolios have expanded in complexity, many of the assumptions behind diversification have remained largely unchanged.

Extract: "In our view, infrastructure fundamentals are robust and the growth outlook is as strong as we have seen in the 21-year history of our strategy. Infrastructure offers opportunities for resilient growth that we believe are difficult to duplicate elsewhere in the market. While AI drew the most attention again this year, other secular drivers such as asset renewal, energy security, decarbonization, and data growth are fueling durable investment cycles. We believe these themes support long‑term opportunities across sectors, reinforcing infrastructure’s potential for sustained growth and stability."

Extract: Structural megatrends, such as technological innovation, demographic changes, the emergence of a multipolar world, and sustainable value creation, are increasingly influencing capital allocation strategies. These powerful forces are moving investor focus from short-term trading toward long-term opportunities. From these megatrends, we have identified six investable themes that we believe are particularly poised to benefit SMID companies.

Key takeaways

• This report outlines how and why we engage with companies on sustainability issues, the theory underpinning our approach, and the observable trends emerging from our dialogues.
• Many companies are maintaining or even raising their climate targets, investing heavily in water, waste, and circular infrastructure; prioritizing employee well-being; strengthening supply chain oversight; and increasingly linking executive pay to these sustainability outcomes.
• Looking ahead, we remain committed to deepening our engagement efforts, with a focus on emerging priorities such as biodiversity protection, circular economy practices, and the responsible use of AI.

Spain’s latest regulatory update eases short term pressure on renewable-energy generators, particularly solar PV, by aligning remuneration better with market conditions, but the backward-looking methodology means under compensation is likely to persist.