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Why space is becoming an ESG story for public markets

As NASA’s Artemis II mission swings around the Moon and puts space back on front pages, it is worth asking a very Earth-bound question: what does the new space race look like through an ESG lens? Artemis II launched on April 1, 2026, marking the first crewed lunar mission in more than 50 years, and this week’s flyby has revived the sense that space is back as a serious industrial theme, not just a science project.

Numerous listed players

That matters because this is no longer only a private-markets story. Even before any potential SpaceX IPO, public markets already offer meaningful exposure to space: Rocket Lab spans launch, spacecraft and satellite components; Redwire is building space infrastructure; Planet and BlackSky sell Earth-observation data and analytics; Iridium, Viasat and Globalstar are satellite communications plays; and AST SpaceMobile is trying to build direct-to-device connectivity from orbit. This is not yet a huge sector, but it is large enough for equity investors to care about the externalities as well as the growth narrative.

The sunny side

The bull case, from an ESG perspective, is real. Satellites can help monitor deforestation, track methane leaks, improve disaster response and extend connectivity to remote areas where terrestrial networks are weak or uneconomic. OECD notes that satellite networks are an important broadband option for rural and remote communities, while Planet explicitly positions itself around daily Earth data and insights. In the best version of the story, space is not an escape from Earth’s problems. It is a tool for measuring and managing them.

And the economic backdrop is only getting bigger. McKinsey estimates the global space economy could grow from about $630 billion in 2023 to $1.8 trillion by 2035. That kind of expansion is exactly when ESG questions stop being optional. Once an industry is scaling fast enough to attract mainstream equity capital, investors have to ask not just whether it can grow, but what costs it creates on the way.

The darker side

Those costs are increasingly hard to ignore. NASA’s own 2024 technical memorandum says rocket launches and re-entering satellites and upper stages emit gases and aerosols into every layer of the atmosphere, with potential effects on climate and ozone. NOAA-linked research similarly finds that black carbon from rockets can accumulate in the stratosphere, absorb solar radiation and warm the surrounding air. Space may still be a small emitter compared with aviation or heavy industry, but that is not the right benchmark. The more relevant point is that launch activity is rising, and so are the associated atmospheric impacts.

Then there is orbital congestion — the environmental issue space enthusiasts too often treat as somebody else’s problem. ESA’s 2025 Space Environment Report says about 40,000 objects are now tracked in orbit, including roughly 11,000 active payloads, while the estimated population of debris fragments larger than 1 cm exceeds 1.2 million. ESA’s conclusion is blunt: active debris removal is now required to stop the situation deteriorating further. In other words, the industry is not just using space. It is polluting it.

The social case is more awkward than the marketing usually suggests. Yes, there are obvious benefits in connectivity, climate monitoring and emergency response. But there is also a fair question about social utility. Not every mission that is technologically impressive is socially valuable. Investors should be able to distinguish between companies that help solve terrestrial problems and those whose business models depend on ever more launches, ever larger constellations, or vanity-driven demand with unclear public benefit. “Because it is cool” is not an ESG framework.

Conclusions

That pushes governance to the centre of the story. For space companies, ESG is not just about carbon disclosures. It is about whether management teams can show credible stewardship of launch intensity, fuel mix, debris mitigation, collision avoidance, end-of-life disposal and the real-world usefulness of their services. The investable question is not whether space is good or bad. It is whether a company’s revenues are tied to measurable benefits on Earth — or to externalities that regulation has not yet fully priced.

So perhaps the dark side of the Moon is not a lunar metaphor at all. It is the risk that public markets fall in love with the romance of space before they do the harder ESG accounting. Artemis makes the theme feel heroic again. But for equity markets, the more interesting question is less “can we go?” than “what are we bringing back — value, damage, or both?”

Monthly sustainable bond market commentary and analysis (professional investors)

Focal points

•       MySustainableCorner is Ostrum Asset Management's monthly analytical newsletter dedicated to developments in the sustainable bond market, applying Ostrum's proprietary Sustainable Bond Rating methodology which evaluates instruments on quality and value at both issuer and project level.

•       The March 2026 edition covers sustainable bond market conditions, new issuance trends, regulatory developments and pricing dynamics relevant to ESG-oriented fixed income investors.

•       The newsletter is part of Ostrum's broader sustainable fixed income capabilities, which include dedicated Just Transition bond strategies and an Article 9 SFDR-classified global sustainable transition bond fund.

•       Note: Full content is accessible to professional investors only via profile registration on the Ostrum website.

Mixed transition read-through from Eni's 2026 Capital Markets Day

Focal points

•       In the first major oil sector update since the latest Middle East price shock, Eni directed upside cash flows toward higher shareholder distributions and upgraded oil and gas growth guidance, reinforcing hydrocarbons as the engine of the 2030 plan.

•       Low-carbon investment held up better than the headline group capex cut implies: Plenitude was modestly upgraded and Enilive maintained; a EUR 1.5bn Plenitude capital raising signals residual market appetite for renewables growth in a sector broadly pulling back.

•       A key concern is that Eni no longer highlights its absolute lifecycle Scope 1, 2 and 3 target — previously the last comprehensive sector-level target addressing portfolio Scope 3 emissions — representing a material step back in transition ambition.

•       Eni attributed group capex cuts to FX effects, efficiency gains and deconsolidation rather than weaker underlying activity, but Accela finds the net transition read-through is negative given the prioritisation of hydrocarbon growth over low-carbon scaling.

•       The CMD update is directly relevant to shareholders monitoring Eni's transition commitments and to investors assessing whether the company's 2030 strategy is converging or diverging from a Paris-aligned pathway.

Focal points

•       A survey of more than 500 C-suite executives across banks, asset managers, asset owners and other financial institutions, conducted by RepRisk and Oxford Economics in January 2026, finds that business conduct risk incidents are becoming more frequent, more complex, and more costly — with the average incident carrying a multi-million dollar cost.

•       81% of executives agree that business conduct risk data will be more valuable in the next three years due to increasingly complex risks; 58% report they have increased spend following a major incident.

•       AI-related conduct risks show a sharp step-change in perceived materiality: only 16% of executives identified AI-related risks as a top concern over the past three years, but this figure rises to 56% for the next three years, driven by concerns around data privacy, cybersecurity and misleading communications.

•       Two-thirds of respondents express confidence in conduct risk data that combines advanced AI with expert human input, versus just over one-third who are confident in fully automated approaches — a finding relevant to ESG data providers and due diligence models.

•       The report underlines the growing intersection between traditional ESG governance risk and emerging AI conduct risk as a single, expanding category of material financial risk for financial institutions.

Shell's new LNG disclosures improve cost visibility but reveal deeper transition risk than the 'resilience' narrative implies

Focal points

•       Shell's new LNG disclosures — produced in response to a shareholder resolution — materially improve visibility on cost competitiveness and NPV sensitivities across its LNG portfolio.

•       Despite improved cost curve transparency, Accela concludes Shell's LNG portfolio is less resilient to transition risk than the company's headline narrative implies, even under relatively moderate transition scenarios.

•       The improved disclosure highlights a persistent internal contradiction: the prices required to justify new LNG supply are higher than those needed to unlock demand in core Asia-Pacific growth markets — a fundamental tension Shell's 'resilience' framing does not resolve.

•       Accela finds that the new disclosures are not sufficient to fully assess long-term value resilience under low-demand or accelerated-transition scenarios, limiting the utility of the disclosure improvement for transition risk assessment.

•       The analysis is directly relevant to shareholders considering further resolutions and to investors evaluating whether Shell's LNG strategy is appropriately pricing long-term transition and stranded asset risk.

Focal points

•       Over $34 billion of private capital flowed into robotics-related companies in 2025 — more than 2.5x the 2024 level — yet many of the best-funded companies remain in early commercialisation, with scaled deployments years away.

•       Physical world foundation models — combining vision language action (VLA) models and world models — are emerging as the next frontier of AI, but data scarcity remains a critical bottleneck as embodied robotics data simply does not exist at scale.

•       Generation identifies three investment thesis buckets for growth-stage companies: those with a data advantage, those creating repeatable customer value, and those becoming essential software infrastructure for the robotics industry.

•       Sustainability applications of physical AI include last-mile medical drone delivery, robotic weeders that eliminate herbicide use, and autonomous construction equipment — though Generation flags the dual risk of prolonging fossil fuel extraction and enabling autonomous weapons systems.

•       The 'picks and shovels' opportunity — software infrastructure for testing, simulation and observability — is highlighted as a key near-term investment category, analogous to platforms like Grafana and Datadog in the software era.

Contents

… includes …

•       Why Generation is focusing on physical world AI

•       Breakthroughs in computational power and spatial reasoning

•       Physical world foundation models: world models and VLAs

•       Three ways growth-stage companies can win

•       The data advantage

•       The infrastructure opportunity

•       Sustainability applications and risks

Anglo American's inaugural climate transition plan: portfolio transformation reduces exposure but long-term credibility depends on near-term delivery

Focal points

•       Anglo American's portfolio simplification — exiting steelmaking coal, nickel and PGMs to focus on copper and iron ore — materially reduces emissions exposure and lowers transition risk, making the path to its 30% Scope 1 and 2 reduction target structurally easier.

•       The switch to a 2020 baseline for its Scope 1 and 2 targets, alongside a now less emissions-intensive portfolio, materially eases the delivery task; Accela notes this creates a risk of apparent progress without genuine ambition uplift.

•       Anglo's new Scope 3 steel intensity target — addressing the emissions profile of its premium iron ore — is notable in a mining sector where Scope 3 ambition remains limited.

•       Long-term credibility will depend on demonstrated near-term progress, including clearer milestones on Scope 3 and a credible plan for the longer-dated challenge of diesel abatement.

•       A proposed merger with Teck introduces uncertainty over the durability of the plan: if completed, targets and governance may be revisited, with greater scrutiny likely needed on Scope 1 and 3 alignment under the combined entity.

Focal points

•       Air Liquide is expected to remain aligned with a 2°C pathway by 2030; operational emissions (Scope 1 and 2, market-based) have declined 11.1% since 2020, supporting its 33% reduction target by 2035.

•       Total emissions fell only 2.7% between 2020 and 2024 as a 67% rise in upstream Scope 3 emissions — which account for approximately 40% of the total footprint — offset operational reductions elsewhere.

•       Air Liquide has no quantified medium-term reduction target for Scope 3, creating a persistent gap between operational progress and total footprint trajectory.

•       The company is investing heavily in the energy transition, allocating 50% of its planned EUR 16 billion capex by 2025 toward decarbonisation projects; positive steps also include exiting the AFPM industry association and linking climate targets to executive compensation.

•       Planet Tracker notes progress on supplier and customer climate engagement but flags that the Scope 3 gap represents the key credibility risk for investors assessing Air Liquide's Paris alignment.

The AMOC, one of the planet's key climate engines, is showing signs of slowing. Even without a full collapse, a shift could mean sharper storms, rising seas and sudden changes to the systems we depend on for food, water and energy.

Focal points

•       Rathbones Greenbank introduces a new whitepaper, 'Climate Tipping Points and Investor Implications: The AMOC Tipping Point', examining how changes to the Atlantic Meridional Overturning Circulation (AMOC) could reshape economies, supply chains and asset valuations.

•       The AMOC regulates European temperatures, global monsoon systems and carbon absorption; early warning indicators suggest it may be approaching thresholds where change could occur far more abruptly than previously assumed.

•       Even without full AMOC collapse — a low probability but high impact event — partial weakening could within five to fifteen years intensify storms in Northern Europe, disrupt rainfall across Africa and Asia, accelerate Atlantic sea level rise, and destabilise global food and water systems.

•       Tipping points do not occur in isolation: a weakening AMOC could activate cascading feedback loops involving the Amazon rainforest, Arctic sea ice and El Niño patterns — risks that traditional financial models fail to capture and that create portfolio blind spots.

•       Greenbank calls on investors to integrate tipping point risk into forward-looking analysis today: the whitepaper sets out evidence, early warning signs and practical steps — and is the first in a planned series on non-linear climate dynamics for investors.

Contents

… includes …

•       Why the AMOC matters for investors

•       Early warning indicators and current status

•       Potential impacts on food, water, energy and coastal systems

•       Tipping points and cascading risks

•       Blind spots in financial models

•       Practical steps for investor integration

The future of the UK food system is at a pivotal moment. Shifting consumer needs, environmental pressures, and evolving policy expectations are creating a landscape where change is not just imminent, but unavoidable.

Focal points

•       A Laudes Foundation workshop bringing together food businesses, civil society, unions, NGOs and investors found that structural change in the UK food system is already underway, and without coordinated planning the costs will fall disproportionately on those with least supply chain influence — particularly farmers.

•       Food systems account for approximately one-third of global emissions, and moves towards plant-based consumption and regenerative production will disrupt long-established sectors — primarily meat and dairy — where margins are already thin and transition income risks are poorly understood.

•       A persistent lack of comparable, reliable data on labour conditions, environmental performance and transition readiness is a structural barrier to investment: investors cannot engage, monitor progress, or assess risk exposure without it.

•       Fragmented policy across health, climate and finance creates 'policy drag' for private capital; the UK's Food Strategy review represents a critical window for joined-up action, but without it contradictory regulation will undermine investor confidence.

•       Workers and trade unions must have a meaningful voice in transition planning — a transition that excludes workers risks social legitimacy, increasing reputational and regulatory risks for companies and investors along the supply chain.

Contents

… includes …

•       Emerging concerns across the value chain

•       Transition risk at farm and primary processing stages

•       The case for improved data and disclosure

•       Implications for investors in a changing food system

•       The role of workers and coordinated stakeholder action

Focal points

•       In January 2026, ESG leader equity strategies performed close to the broader market, while thematic indices — including alternative energy and water — outperformed, continuing a trend of thematic outperformance across calendar 2025.

•       Diversifying across ESG Leaders, Thematic and Improver equity strategies has supported portfolios during periods of market volatility, according to UBS CIO analysis.

•       In fixed income, green bonds benefited from tightening credit spreads in the period, while multilateral development bank bonds continued to enjoy their liquidity premium.

•       The report provides the UBS CIO's monthly update on the transition to a low-carbon economy, covering policy headwinds, extreme weather events, corporate commitments and renewables expansion.

Transition risks and investor priorities for the rapidly expanding data centre sector

Focal points

•       Accela reviews the climate strategies of 10 major data centre companies — including global tech giants, listed operators and private providers — and finds most have weak or early-stage decarbonisation plans despite rapid expansion and soaring electricity demand.

•       Many operators claim to run on 100% renewable electricity via power purchase agreements or renewable certificates, but these claims rarely match the electricity actually powering facilities in real time; Alphabet's Scope 1 and 2 emissions rose 66% in four years (FY21–FY24) despite procuring '100% renewable power'.

•       Two of the biggest drivers of energy use — capacity and utilisation — are rarely addressed in climate strategies: servers on average run at only 20–80% of their potential, and idle servers still consume 20–60% of peak power, making overbuilding a direct source of waste emissions.

•       In the two years to March 2025, $18bn of data centre projects in the US were blocked and a further $46bn delayed due to community and activist opposition, highlighting the social licence risks of underperforming on sustainability commitments.

•       The sector lags other high-emissions industries on climate governance, disclosure and transition planning: the absence of a widely accepted net-zero benchmark limits comparability and weakens confidence in decarbonisation pathway credibility.

Contents

… includes …

•       The current state of climate strategies in the sector

•       Capacity, utilisation and electricity procurement

•       Systems-wide externalities: value chain, water use, just transition

•       Climate governance, disclosure and transition planning

•       Key takeaways for investors

Focal points

•       SABIC maintains its 2050 carbon neutrality goal and targets a 20% reduction in Scope 1 and 2 GHG emissions by 2030 from a 2018 baseline; Planet Tracker's analysis places it on a 2°C pathway by 2030.

•       SABIC has achieved a 13.95% reduction since its 2018 baseline, but progress has stalled more recently — absolute Scope 1 and 2 emissions declined just 3% since 2021 and increased marginally (0.4%) year-over-year in 2024.

•       SABIC has no Scope 3 emissions target, despite Scope 3 accounting for approximately 70% of its total footprint — a critical gap that prevents alignment with the Paris Agreement's latest ambition.

•       As a chemicals and petrochemicals major operating under Saudi Aramco majority ownership, SABIC's transition strategy faces structural constraints around upstream value chain emissions and production growth.

Climate risks and occupier demand shifts pose the biggest threats to asset values

Focal points

•       66% of nearly 200 surveyed real estate professionals say sustainability is still core to their investment or operational strategy, with 44% planning to do more in 2026 and only 4% expecting to do less.

•       While 29% of firms have changed how they communicate about sustainability and 14% now avoid the term 'ESG' altogether, investor and lender requirements remain the strongest driver of sustainability action, cited by 49% of respondents.

•       Physical climate impacts — flooding, heatwaves and wildfires — and occupier demand shifts are both cited by approximately 40% of respondents as the biggest threats to asset values in 2026.

•       Capital and ROI concerns are the primary barrier to improving climate resilience (64%), far ahead of lack of urgency (30%), underscoring the financial case gap that constrains decarbonisation investment.

•       The survey challenges the narrative that sustainability is losing ground in real estate: the findings, to be discussed at MIPIM 2026, suggest that investor requirements — not ESG labels — are what matter to the sector.

Focal points

•       Publicis holds SBTi-validated targets to reduce Scope 1, 2 and 3 GHG emissions by 50% by 2030 and 90% by 2040 against a 2019 base year, alongside a goal of 100% renewable energy use by 2030.

•       Between 2019 and 2024 total GHG emissions fell by just 5%: Scope 1 emissions fell 38% and Scope 2 fell 64%, but Scope 3 rose 12%, driven by business growth, representing the dominant remaining challenge.

•       Absent a significant change in the Scope 3 trajectory, Planet Tracker's modelling places Publicis on a 2°C warming pathway by 2030, short of its stated Paris-aligned ambition.

•       The analysis is part of Planet Tracker's broader series examining climate transition alignment across the advertising sector, published alongside comparable analyses for Dentsu, WPP, Omnicom, Interpublic and Havas.

(a full-year engagement log/summary for Jan 1–Dec 31, 2025; nb document code indicates Jan 2026 publication)

(published 19 Feb 2026, covers the 12 months ended Dec 31, 2025)

filed/published 2026 - PDF via SEC archives (company annual report package covering 2025)

published Feb 27, 2026

(covers FY2025; published 2026)

Sustainability Highlights Report 2025

Focal points

•   The EPA's revocation of the 2009 Endangerment Finding removes the legal basis for regulating greenhouse gases under the Clean Air Act, potentially allowing the agency to rescind existing limits on corporate emissions.

•   Eliminating Biden-era vehicle pollution standards for 2027–2032 could forfeit 7 billion tonnes of avoided carbon emissions, $13bn in annual public health benefits, and $62bn in reduced annual fuel and maintenance costs.

•   Trillium expects the gap between corporate climate leaders and laggards to widen in the absence of coherent regulation; leaders reducing emissions voluntarily may also reduce future environmental liabilities and litigation risk.

•   Trillium will use its investor position to advocate for corporate climate action informed by science — including bold GHG reduction targets, transition plans and external disclosure of progress.

Global sustainable bond issuance is set to level off at $800 billion–$900 billion in 2026, signalling a shift from rapid growth to market consolidation.

Focal points

•   Global sustainable bond issuance is forecast to stabilize at $800–$900bn in 2026, marking a transition from rapid expansion to measured growth as issuers face rising debt maturities, shifting policy priorities and a more competitive capital market.

•   Europe, the world's largest sustainable bond market, is set to stabilize; US labeled issuance has slowed as some issuers prefer conventional bonds to avoid additional reporting requirements; Asia-Pacific maturities create refinancing opportunities.

•   Latin America is poised for modest growth driven by renewable energy and climate adaptation funding needs; Middle East issuance remains resilient, underpinned by renewable energy, hydrogen and sustainable infrastructure investment.

•   S&P Global Ratings expects the market to shift focus from volume growth to credibility, transparency and measurable outcomes — signalling a structural maturation of the sustainable bond market.

Contents

... includes ...

•   Europe

•   United States

•   Asia-Pacific

•   Latin America

•   Middle East

Focal points

•   Syngenta targets a 38% reduction in Scope 1 and 2 emissions by 2030 (2022 baseline) but has no group-wide Scope 3 target; the current trajectory would not achieve this target, and Scope 3 is the bulk of total emissions.

•   Climate targets are included in Syngenta's management compensation from 2024, though the KPIs used and the level of compensation tied to them are not disclosed; investment detail on addressing Scope 3 value chain emissions is absent.

•   Syngenta acknowledges climate change as a material risk but provides limited detail on specific risks, opportunities or the financial response to them; the climate risk and opportunity assessment is assessed as limited.

•   Planet Tracker assesses Syngenta as most aligned with a +2.0°C pathway by 2030; investors are urged to press for Scope 3 targets and detailed decarbonisation delivery plans.

Focal points

•   Nutrien does not report Scope 3 emissions and has no Scope 3 reduction target; its 30% emission intensity reduction target for Scope 1 and 2 by 2030 is acknowledged by the company to be currently off track.

•   Nutrien's engagement with its value chain and customers on climate is assessed as early-stage; there is no link between sustainability performance and executive compensation.

•   Nutrien's climate risk assessment includes regular scenario analysis but does not provide investors with quantitative detail on the potential financial impact of climate-related risks.

•   Planet Tracker assesses Nutrien as most aligned with a +2.0°C pathway by 2030; investors are urged to demand detailed decarbonisation strategy, cost and timeline disclosure, and sustainability-linked executive pay.

Focal points

• Northern Trust Asset Management identifies three key sustainable investing themes for 2026:
  • navigating climate resilience amid increasing volatility,
  • addressing natural resource constraints, and
  • adapting to shifting global security dynamics.
• Sustainability risks and opportunities are identified as increasingly defining market dynamics; a heightened focus on security — transcending traditional boundaries — is framed as a cross-cutting influence on the sustainable investing landscape.
• The report offers insights into how different aspects of the global security landscape may influence portfolios, connecting geopolitical security dynamics to sustainable investment decision-making and portfolio construction.

Decarbonisation earnings resilience and economics-led adoption are reshaping global investment opportunities

Focal points

•   High-quality energy transition enablers have continued to deliver above-market earnings despite weakened sentiment; Ninety One expects markets to re-rate in favour of clean-tech as fundamentals reassert themselves.

•   The energy transition is accelerating in emerging markets driven by economics rather than policy; China's cost leadership in solar, wind, batteries and EVs is reshaping global competitive dynamics.

•   Developed markets are experiencing a sharp inflection in electricity demand after decades of stagnation, making utilities, grid operators and efficiency specialists key investment themes.

•   Advances in electrification and efficiency are broadening the decarbonisation opportunity set; portfolio positioning balances defensive exposure with structural growth themes heading into 2026.

Contents

... includes ...

•   An accelerating transition with new growth engines

•   Developed markets face rising power demand and efficiency needs

•   Technology expands the investable opportunity set

•   Positioning for the next phase of the transition

Quarterly highlight: Navigating mega-forces

Focal points

•   Three structural mega-forces — geopolitical fragmentation, the energy transition and rapid technological disruption — are increasingly interconnected, now shaping long-term investment outcomes.

•   Their convergence creates structural bottlenecks in critical minerals, grid capacity and supply chains, widens the gap between climate ambition and implementation, and accelerates physical climate hazards.

•   DWS identifies four structural investment themes: the energy transition value chain, corporate transition readiness, nature-related risks and impacts, and climate adaptation and resilience.

•   Nature and climate risks are being reframed as national security and financial stability issues; AI is altering competitive dynamics and electricity demand globally, requiring investors to move beyond siloed sustainability analysis.

Contents

... includes ...

•   Energy transition value chain

•   Corporate transition readiness

•   Nature-related risks and impacts

•   Climate adaptation and resilience

Focal points

•   Stellantis announced a $24bn loss in H2 2025 from EV investment write-downs; shares fell ~80% from their 2024 peak and no dividend was declared.

•   Global EV penetration reached ~25% of new car sales in 2025, projected at 35–45% by 2030, directly contradicting incumbents' 'transition too slow' narrative.

•   BYD grew from ~0.7m vehicles in 2021 to ~5m in 2025 (~50% CAGR), rivalling Western incumbents via vertical battery integration and cost advantages legacy carmakers cannot replicate.

•   Stellantis' write-down signals a widening structural cost gap with vertically integrated Chinese EV players; the core investor question is whether the gap can be closed without further capital destruction.

Focal points

•   US electricity demand grew 1.5% annually 2020–2024; forecasts project up to 25% growth by 2030, pushing consumption near 5,000 TWh — equivalent to adding California, Texas and Florida's combined usage.

•   Data centre power consumption is estimated at 300–1,000 TWh by 2030 (~650 TWh midpoint), representing over 50% of forecast demand growth; non-AI electrification (EVs, reshoring, LNG) adds further.

•   Utility sector capex doubled to $208bn in 2025, projected at $248bn in 2029; affordability risk is highest in states with competitive power markets where bills have more than doubled since 2020.

•   PJM capacity auction revenue rose from $2.2bn for delivery year 2024–25 to $16.4bn for 2027–28; Breckinridge expects credit ratings maintained via rate increases, equity issuance and asset sales.

Contents

... includes ...

•   U.S. Power Demand Is Back on an Upward Trajectory

•   How Much Demand Relates to AI?

•   As Utilities Increase Capital Spending and Electricity Consumption Accelerates, Affordability Risk Emerges

•   Spotlight on Power Generation Technologies

Focal points

•   California's FAIR Plan filed for a 35.8% rate increase from April 2026; major insurers including State Farm, Allstate and Farmers have already limited or exited the California homeowner market.

•   Breckinridge concludes default risk for rated investment-grade California municipal bonds remains remote, citing the state's large and diversified tax base, Proposition 13 protections and recent legislative reforms.

•   No rated California municipal bond has defaulted due to a natural disaster; Moody's confirms Paradise's rated CSCDA bond was serviced through insurance and state backfill following the 2018 Camp Fire.

•   Breckinridge monitors all California issuers via third-party wildfire risk data, assigning internal lower ratings to outliers and avoiding smaller issuers with concentrated wildfire exposure.

Tracking Market & Policy Trends

Focal points

•   US electricity demand rose considerably in 2025 for the first time in decades, coinciding with rising electricity prices, marking a structural shift after years of flat demand growth.

•   Far-reaching and unpredictable policy changes in 2025 provided both major challenges and some unanticipated opportunities for sustainable energy developers, creating significant sector uncertainty.

•   Sustainable energy technologies met rising demand growth despite policy headwinds; BloombergNEF tracks year-on-year progress across efficiency, renewables, storage, hydrogen, EVs and more.

•   The US is described as on the cusp of a new era of energy expansion, with clean technology adoption driven by rising demand from data centres, manufacturing and broad electrification.

Contents

... includes ...

•   Energy efficiency

•   Natural gas

•   Renewable energy

•   Sustainable infrastructure

•   Energy storage

•   Hydrogen

•   Renewable natural gas

•   Electric vehicles

•   Digitalization

•   Industrial emissions

•   Carbon capture and storage

We're pushing QBE to be a stronger, more resilient and future-focused business.

Focal points

•   Approximately 48% of QBE's underwriting portfolio is in property and agriculture, potentially exposing a significant portion to direct physical climate risks including floods, storms and bushfires.

•   QBE's climate policy permits continued underwriting of new oil and gas projects until at least 2029, falling behind peers including Allianz, AXA, Munich Re, Swiss Re and Zurich.

•   Australian Ethical is seeking at least 100 shareholders to co-lodge a resolution at QBE's May 2026 AGM, calling for disclosure of physical risk exposures and stronger fossil fuel underwriting restrictions.

•   In H1 2025, extreme weather caused A$1.8 billion in insured losses in Australia; the Climate Council estimates 1 in 23 homes already face high physical climate risk, with pressures set to grow.

Contents

... includes ...

•   Why it's important

•   Almost half of QBE's business is exposed to physical climate risk

•   QBE continues to underwrite new fossil fuel projects

•   What Australian Ethical is asking QBE to do

•   Why this approach could protect members' long-term returns

Focal points

•   A2A SpA has issued ESG-labelled debt in three structures since 2019 — green bonds, EU Green Bonds (EuGBs) and Sustainability-Linked Bonds — creating a rare cross-label pricing comparison set.

•   Despite stronger regulatory pedigree under ESMA fund naming guidelines, A2A's EuGBs trade on or above the yield curve versus conventional bonds — a counterintuitive result questioning whether regulatory status translates to market pricing.

•   A2A's two outstanding SLBs have largely concluded their sustainability story: one has missed its KPI target, diminishing the financial incentive for continued sustainability progress.

•   The analysis raises questions about whether fixed income markets correctly price the regulatory distinction between bond types, with implications for investor allocation and portfolio strategy.

Strength in the US economy, shifting geopolitical currents, and diverging monetary policy moves characterise the investment landscape in 2026.

Focal points

•   Aberdeen forecasts US GDP growth of 2.2% in 2026, above consensus, with job creation stabilising rather than accelerating and two further Fed rate cuts projected later in the year.

•   The "Donroe Doctrine" signals a more assertive US posture across its western hemisphere, creating geopolitical risk including around Mexico's USMCA review and Brazil's October 2026 election.

•   AI-linked equities are approaching valuations resembling earlier bubble markers; Aberdeen views AI as a US growth driver via investment and wealth effects but flags bubble risk as a key scenario.

•   China's near-zero inflation enters its third year; Japan begins 2026 under its first female prime minister with gradual BoJ rate hikes expected, highlighting macro divergence in Asia-Pacific.

Contents

... includes ...

•   US growth and jobs

•   Fed leadership

•   The "Donroe Doctrine"

•   Election year 2026

•   AI exuberance

•   China's low inflation challenge

•   Emerging markets ex-China

•   Japan's political reset

Per- and polyfluoroalkyl substances (PFAS) have moved from being a niche environmental concern to a significant real-world liability as their effects on human health, and associated legal and financial impacts, come into sharper focus. Due to their persistent nature of PFAS and increasing evidence of health hazards, PFAS have the potential to follow the pattern of tobacco and asbestos, where legal liabilities impacted companies for decades.

PFAS litigation is already creating multibillion-dollar liabilities that are materially relevant to many companies’ earnings and valuations, with exposures likely to grow as regulation tightens. A small group of upstream producers and concentrated hotspots drive a disproportionate share of PFAS legal and remediation risk, while downstream users can still face significant local liabilities and reputational damage despite not manufacturing PFAS themselves.

This report helps investors locate PFAS exposure in their portfolios and understand why it can materially affect cash flows, valuations and credit risk.

Using our new PFAS litigation risk dashboard, which scores 1079 publicly listed companies and 5248 associated facilities, investors and companies can estimate facility-level exposure associated with PFAS, take practical steps to reduce PFAS-related risk and begin shifting away from business models dependent on ‘forever chemicals’.

Key findings:

• PFAS-related litigation has expanded rapidly in both scope and scale, with rising settlement values and a tightening regulatory environment in key markets such as the United States and Europe.
• PFAS litigation has become one of the largest environmental mass tort litigations in American history, with more than 15,000 active lawsuits grouped together in federal court as of January 2026.
• For investors, the growing wave of PFAS-related settlements and legal costs could translate into material impacts on cash flow, balance sheets and credit profiles.

Investors should demand disclosure on PFAS use, contaminated sites, provisions and liability estimates, and integrate PFAS litigation liabilities explicitly into valuation, credit and risk models. They should also use voting and engagement to influence PFAS phase-out, accelerate due diligence, and align capital expenditure with a PFAS-limited future.

PFAS should be treated as a material risk factor that can extend from producers to downstream users, requiring integration into research, valuation and stewardship priorities.

The TPI Global Climate Transition Centre (TPI Centre) at the London School of Economics and Political Science (LSE) is pleased to invite you to an upcoming event taking place in Yeosu, Republic of Korea, and online globally, as part of 2026 UN Climate Change Climate Week 3 and Korea Green Transformation (K-GX) International Week.

• Date: Thursday 23 April 2026
• Time: 10.00am KST, 2.00am BST

• Filipe da Silva, Shipping Sector Lead, Carbon Performance, TPI Centre at LSE
• John Yum, Head of Shipping Team, Solutions for Our Climate 
• Karlos Lee Moresi, Team Leader and Programme Adviser, Climate Finance and Resilience, Pacific Islands Forum Secretariat (PIFS)
• Moises Erquiza, Junior Professional Officer, IMO Regional Presence Office for Technical Cooperation in East Asia (RPO East Asia)
• Nakyung Jang, Climate Finance Advisor, Green Based Strategy Institute (GBSI)
• Youngbin Choi, Chief Researcher, GBSI; COP29 Korean Youth Climate Champion

• To attend online, register here.
• To attend in person, register here. 

The TPI Global Climate Transition Centre (TPI Centre) at the London School of Economics and Political Science (LSE) is pleased to invite you to an upcoming event taking place in Yeosu, Republic of Korea, and online globally, as part of 2026 UN Climate Change Climate Week 3 and Korea Green Transformation (K-GX) International Week.

• Date: Thursday 23 April 2026
• Time: 2.00pm KST, 6.00am BST

• Antonina Scheer, Deputy Director, Policy, TPI Centre at LSE
• Louise Kim, Director, Sustainable Solutions Group APAC, ING Bank
• Rob Patalano, Executive Director, Professor in Practice, Centre for Economic Transition Expertise (CETEx) at LSE
• Seon Ah Oh, Lead Researcher, Transition Finance, Institute for Green Transformation (IGT)
• Seungwoo Chin, Director, Carbon Neutrality Policy Division, Ministry of Planning and Budget, Republic of Korea

• To attend online, register here.
• To attend in person, register here. 

Use of Proceeds Themes Expand and Issuer Diversity Grows in the sustainable finance frameworks coming to market. 

Sustainable Fitch completed 121 assessments of sustainable finance frameworks and European Green Bond (EuGB) factsheets between January 2025 and January 2026. 

This provides a comprehensive view of market evolution across labelled debt instruments. This report analyses trends observed through these assessments, including shifts in issuer diversity, use-of-proceeds (UoPs) innovation and regional standard adoption.

SPO mandates are a leading indicator of labelled debt issuance trends, so what to expect to see in labelled debt over 2026?

1. Continuing prevalence of sustainability frameworks indicates that issuance under the label will remain strong over 2026. Among the more than40 sustainability frameworks we assessed, issuers adopting the label has expanded beyond the typical dominance of supranational, sovereigns and agencies (SSAs)to include a greater share of corporates and financial institutions in 2025.
2. There has been an increase in the diversity of sectors of issuers launching sustainable finance frameworks. We highlight entities from the metals, food and beverage and data-centre sectors with inaugural sustainable finance frameworks, adding much-desired diversification to the pool of available sectors to which investors have access.
3. Sovereigns from emerging markets continue to blaze a trail for issuance of labelled debt in their jurisdictions. Sovereign-led framework innovation was a strong feature, as were additions of jurisdiction-specific standards, particularly where these are relevant for domestic market practice or investor expectations.
4. EuGBs continue to gain traction, and the March 2026 EC clarifications on capex look-back periods will further smooth the path ahead.

https://www.sustainablefitch.com/banks/review-of-2025-spos-eugb-assessments-23-03-2026

At the Federal Reserve Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) hearing, I delivered a message based on decades of research and regulatory engagement: strong, credible regulatory institutions are essential to financial stability and access to capital — particularly for minority-owned businesses.

Nearly a quarter of workers age 50-plus feel like they are being pushed out of their jobs even though workforce trends suggest employers should be encouraging and supporting staff of all ages, according to a new survey from AARP Research.

The results show that age bias remains a persistent challenge for workers age 50 and older, whose fear of losing their current job is compounded by the worry that age discrimination would prevent another employer from hiring them.

• By 2050, the global population of those 65 or older will reach 1.5 billion, nearly double the 2020 level.
• Increasing the employment of older workers could have a meaningful impact on the economic drag from an ageing population and declining birth rates.
• All age groups, including 27% of baby boomers, want more AI training, according to a new report.

• Published: Feb 2026
• Covers: Quarter ended 31 Dec 2025

... contains ...

• Sustainability at MFS
• Sustainability and Stewardship Update
• Stewardship at MFS
• Recent Engagement Activity

Published in Feb 2026

... reports on ...

Activity & outcome against six responsible investment principles

Contents

1. Stewardship philosophy
2. Engagement approach
   1. Dollar General
   2. CVS Health
   3. Teleperformance
3. Opportunity list
4. Thematic engagements
5. Additional engagement tactics
6. Proxy voting

Published 22 Jan 2026

Details engagement activity on four primary themes:

• Climate resilience
• Nature and beyond
• Social coherence
• Transparent reporting

...also listing of issuers engaged.

Barclays PLC — Annual Report 2025 (contains a dedicated “Climate and sustainability report” section as part of the group annual report).

Deutsche Bank — Annual Report 2025 (includes the Sustainability Statement 2025 within the annual report package).

Sustainability Data Compendium 2025 (metrics/targets aligned to the Sustainability Statement; published March 2026).

HSBC Holdings plc — ESG Data Pack (FY 2025) (PDF; published Feb 2026 and tied to the 2025 annual reporting set).

ESG reporting hub:

• Annual Report and Accounts 2025: see pages 33-64 for ESG disclosures (PDF 10MB)
• Strategic Report 2025 (PDF 7MB)
• ESG Datapack 2025 (Excel) (XLSX 406KB)
• ESG Datapack 2025 (PDF) (PDF 645KB)
• Financed Emissions and Thermal Coal Exposures Methodology (published February 2026) (PDF 6MB)
• GHG Reporting Guidance 2025 (PDF 275KB)
• HSBC’s USD750 bn - USD1 trn Sustainable Financing and Investment Ambition - Data Dictionary 2025 (PDF 5MB)
• 2025 UK Pay Gap Disclosures (PDF 475KB)
• Carbon Reduction Plan (PDF 510KB)

Europe is entering a decade in which competitiveness depends on resilience, clarity of rules, and the ability of companies and investors to plan with confidence. EU sustainable finance is not an add-on to this strategy – it is one of the few areas where Europe already has global leadership and where the market outcomes demonstrate clear economic value.

... includes ...

1. Sustainable finance is delivering tangible economic benefits
2. Europe’s advantage lies in credible, stable, high-quality rules.
3. The main risk is regulatory volatility.
4. Policymakers should pursue simplification – without weakening the core of the framework.
5. Sustainable finance is a pillar of Europe’s strategic resilience.

There’s a hot new theme in the global solar industry: solar panels in space. But why the sudden interest, who is leading the way in exploring the potential, and what are the key milestones to watch?

... includes ...

• What’s the buzz about solar power in space?
• How does solar power in space work, and why could it be good for data centres?
• What are the potential obstacles?
• Who is leading the way on solar in space?
• What are the next steps and key milestones to watch?

12month Fixed Term Contract

IFM Investors is a global asset manager, founded and owned by pension funds, with capabilities in infrastructure equity and debt, private equity, private credit, real estate and listed equities. 

About the role

This is an exciting opportunity to work in ESG Reporting. There is an increasing drive to promote transparency and comparability of ESG reporting across organisations to support sustainable investment decisions and progressive agendas in this space.  This includes the Corporate Sustainability Reporting Directive (CSRD), which is a new reporting requirement covering the full breadth of ESG with a large number of disclosure requirements alongside the EU Taxonomy which assesses the sustainability credentials of a company’s financials.

Job Title: ESG Credit Analyst

Contract Type: Permanent

Location: London

Working style: Hybrid 50% home/office based

Closing date: 13th April 2026

We have an opportunity for an ESG Credit Analyst to join the Royal London Asset Management (RLAM) Credit team on a permanent basis.

The role focuses on sustainable credit research and ESG integration across a range of sectors and offers opportunities for interaction with stakeholders across the wider business, as well as external clients and consultants.

You’ll join a collaborative and inclusive team, with significant opportunity for development and career progression.

New York, New York, United States • Boston, Massachusetts, United States

Sustainability Investments Manager - 
Purchase, New York; Chicago, Illinois; Plano, Texas

Within this role, you will be undertaking high-quality and insightful ESG research, risk advice, stewardship and other activities that make a decisive contribution to a range of asset classes and themes. By working with initiative and in collaboration with colleagues from across the business and at all levels, these actions help to secure members’ futures by identifying and managing the ESG risks and opportunities that matter most to financial outcomes for members. A key part of your role will be ensuring our ESG risk advice on public and private investments, both managed internally and by external asset managers, is evidence-based and impactful.

The team is looking for a dynamic, engaged professional to support cross-functional reporting initiatives and carbon reduction activities. The role includes supporting the operations and integration of the team and working with internal colleagues at all levels and external stakeholders to advance the team’s overall impact. This role is ideal for someone who excels at coordination, stakeholder communication, and process improvement.

The role is accountable for the implementation, ongoing development and effective delivery of the PPF’s Stewardship Strategy, supporting the management of investment risks through engagement and voting and contributing to the achievement of sustainable long-term investment return across the Fund.

This role offers a genuine opportunity for a candidate who is passionate about sustainability, climate change and the transformation of the investment industry in a way that is additive across the value chain for the business.

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 · Singapore
Team Markets
Seniority Senior
Closing: 11:59pm, 22nd Mar 2026 +08

As a Senior Sustainability Analyst, you will play a key role in advancing Broadridge’s sustainability strategy and driving progress toward near-term and long-term emissions reduction goals. In this role, you will lead the development of supplier engagement program and contribute to disclosures aligned with global sustainability frameworks. You will collaborate with internal stakeholders and external partners to deliver accurate insights, identify opportunities for improvement, and recommend strategies that drive meaningful progress toward Broadridge’s environmental commitments.

Macmillan is seeking a Sustainability Specialist to support its Environmental, Social, and Governance (ESG) program. This role will be key in driving sustainable business practices and strategies to help Macmillan achieve its environmental targets. The Specialist will collaborate across various teams to ensure the company meets its sustainability goals, adheres to environmental regulations, and integrates eco-friendly practices into daily operations.  Reports to the Director, ESG. 

You will join the ESG analyst team within the Fixed Income platform, to perform the following:

-Labeled Bond Research and Analysis: perform the ESG assessment of Green Social and Sustainable bonds (GSSB) according to BNPPAM internal framework and taxonomy. Provide opinions on new and recurring issuances when announced in the market. Maintain the database and processes linked to the assessment framework in collaboration with RI Techno.
-Coordination: Assist the coordination work within the Fixed Income and Core Investment platforms (meeting preparation and follow up, internal stakeholder management, coordination with other teams, etc)....

You will work collaboratively with our investment professionals to integrate sustainability considerations into our investment process including engaging with our investee companies on ESG issues. In this capacity you will work across the IM platform globally, with an initial focus our UK and European based investment teams. You will contribute to the development of Fidelity’s global sustainable investment frameworks and solutions. You will also work with client-facing teams to evidence the ESG integration process to our clients and consultants, particularly those based in the UK and Europe, acting as an ESG spokesperson both internally and externally.

This is a 12- month fixed term contract.

As a Sustainable Investing Analyst (AVP), you will report to the Head of Sustainable Investing Operations and will be responsible for the following:

-Play a leading role in the firm’s reporting to satisfy sustainable investing-related disclosure frameworks and external commitments
-Help meet sustainable investing-related regulatory obligations in various....

End Date:

Tuesday 17 March 2026

12 Month Fixed Term Contract

To identify, develop, and embed an approach to managing Barclays' sustainability-related risks, strategy, and ambitions; and supporting the banks’ business objectives, priorities, and regulatory requirements.

-Oversee the development of the EMEA risk management framework for ESG in collaboration with partners in other regions, Tokyo, within EMEA and with the first line of defence.
-Understand evolving regulatory and other stakeholder expectations and propose solutions to management that will continue to promote EMEA and MUFG’s ESG ambitions from both a business and risk perspective.
-Work closely with the Deputy Chief Sustainability Officer to ensure the risk framework meets the ambitions as agreed by the EMEA Sustainability Committee.
-Provide cover and support to other areas of the team and wider ERM responsibilities.

You will have the opportunity to manage project deliverables and have ownership of transformational topics, specifically within transition finance and net zero. A key feature of the role is close cross-divisional collaboration with all IBCM business units, as well as with the Chief Sustainability Office, IBCM and Global Communication teams, and the Chief Financial Office.

You will be part of a highly visible team with a direct impact on the execution of our product roadmap and vision, helping to deliver trendsetting products focused on Emissions & Environmental Data.

You will interact with internal partners to identify opportunities and respond with meaningful enhancements.

As Head of Sustainable Index Product, you will be responsible for the strategy, growth, governance, and risk management of Bloomberg’s ESG, Climate, and Sustainable index offerings. You will lead a global index product team within the Enterprise Data Product division and act as a senior control owner, balancing client demand and commercial objectives with regulatory and governance requirements.

Associate, Signatory Operations - Beijing
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 · Beijing, China

Team Signatory Operations
Seniority Junior
Closing: 11:59pm, 1st Mar 2026 KST

What you will be responsible for:

-Lead and conduct research on sustainable investing themes, including emerging topics such as natural capital and biodiversity, with a focus on building the associated investment thesis behind these topics
-Develop thought leadership pieces to demonstrate State Street Investment Management’s sustainable investing capabilities, focusing on financial materiality
-Enable sustainable investing product innovation by developing and supporting credible implementation methodologies to new investment approaches, e.g., sustainable outcome investing
-Partner with PM teams to conduct asset class-specific research on sustainability factors and to support client solutions

This is a critical role as part of our commitment to innovation and relevance in Sustainable and Transition Finance. The position will lead a global team of direct, commission-based sales professionals across EMEA, APAC, and the Americas to deliver against sales targets, including new sales, revenue growth, market coverage, and customer retention.

As Head of Sustainable Index Product, you will be responsible for the strategy, growth, governance, and risk management of Bloomberg’s ESG, Climate, and Sustainable index offerings. You will lead a global index product team within the Enterprise Data Product division and act as a senior control owner, balancing client demand and commercial objectives with regulatory and governance requirements.

As a Research Analyst, the candidate will work closely with our Global Equity Research and Data Science groups which provides in-depth company, sector and macro expertise to identify investment recommendations and emerging industry trends for the firm.

• Horizon Environmental & Climate Solutions, Associate

The primary duties of this role include:  

-Internal and external ESG and sustainability reporting, including responsibility for data quality, transparency, assurance and alignment with best practice frameworks and regulatory requirements (e.g. TCFD, EPRA best practices, SECR, GRI and ISSB). 
-Determine relevant ESG benchmarks, prepare submissions and manage relationships with benchmark providers......

We’re seeking a Senior Manager – Sustainability (Water) to guide and grow our water stewardship, nature strategy, and beyond-value-chain mitigation work across our markets. This is a high impact role at a pivotal time, ideal for someone who blends technical sustainability expertise with strategic thinking, partnership-building, and a desire to create measurable change.

Unilever is seeking a dedicated expert to strengthen its capacity for standards and frameworks engagement and advocacy across its climate and nature goals. This role will ensure alignment and coordination across internal teams and be a strong external voice in shaping global standards and frameworks such as the GHG Protocol, Science Based Targets initiative, Science Based Targets for Nature and key certification schemes.

We are seeking an experienced Director, Sustainable Research & Analytics to join the Sustainable Leadership team at FTSE Russell, a fully owned subsidiary of London Stock Exchange Group. The role reports directly to the Global Head of Sustainable. This is a pivotal role in ensuring the integrity, relevance and strategic value of the sustainable indices and index-based research, reporting and analysis for our clients. The team work closely with both internal stakeholders across FTSE Russell, wider LSEG and FTSE Russell’s partners and key clients, including major asset owners, asset managers and investment banks in the creation of new index products.

We are seeking an experienced Director, Sustainable Research & Analytics to join the Sustainable Leadership team at FTSE Russell, a fully owned subsidiary of London Stock Exchange Group. The role reports directly to the Global Head of Sustainable. This is a pivotal role in ensuring the integrity, relevance and strategic value of the sustainable indices and index-based research, reporting and analysis for our clients. The team work closely with both internal stakeholders across FTSE Russell, wider LSEG and FTSE Russell’s partners and key clients, including major asset owners, asset managers and investment banks in the creation of new index products.

Join us as a Sustainability Structurer where you will support the UK Corporate Sustainability Finance product offering for both new business and existing portfolio, adopting sustainable and transition finance products by UKC client with the execution and optimisation of structured ESG portfolio transactions to meet objectives. Build long term and economic key partnerships across various sector and coverage teams aligned with the sustainable agenda. Optimising returns from client opportunities either at bespoke or at structured portfolio levels and work in collaboration with other UK Corporate origination teams and coverage.

Lazard Asset Management is currently recruiting for a Head of Quantitative Sustainable Investment Research to join its Sustainable Investment and Quantitative Research teams across New York, Boston, and London. This is an exciting opportunity to work in a growing team within a large global organization. This position will play a key role in leveraging the firm’s existing Sustainable Investment research capabilities to set and drive the quantitative ESG and climate research agenda. The ideal candidate will have a passion for sustainable investing combined with strong quantitative research skills.

BNY Sustainability are seeking a future team member to support day-to-day planning and execution with a focus on ESG regulatory implementation. This role is located in London.

In this senior role, you will be at the forefront of Nokia's sustainability journey, engaging with top customers worldwide. Working closely with various teams, you will develop and enhance Nokia's sustainability value proposition, creating new business opportunities. As a key sustainability expert, you will guide regional teams and accounts, pushing the boundaries of co-creation and impacting sales and customer relationships.

You will be responsible for supporting the Entity Reporting & Group Reporting LT to deliver the finance vision and successfully transition to a future state team which is efficient, structured, and accountable. You will work directly with the Director of Entity & Group Reporting to the finance strategy on sustainability reporting.

As a Sustainable Investing Research Analyst within the Sustainable Investing team, you will collaborate with financial analysts and portfolio managers under the leadership of the Global Head of Sustainable Investing Research. You will report to one of the Sustainable Investing Research Leads, focusing on delivering sustainability insights through ESG risk assessment and investment frameworks across various asset classes.

Sustainability is one of the Barbican’s five core values hence this new strategically important role has been created. The Head of Sustainability will lead the sustainability team and ensure the Centre achieves its strategic goals and objectives. The post holder will lead the development and delivery of the sustainability strategy and report at a senior level on its progress. They will influence decision making across every team.

In partnership with Directors’ Group and the Management Team, they will also lead behavioural change in the areas of energy, sustainability and environmental management. They will lead the Centre-wide.

The Science Based Targets (SBTi) initiative is looking for a Sector Lead (paternity leave cover; 6-month contract with possibility of extension) to support the Sector Standards Team’s work to develop standards for the energy, industry and transport sectors. 

Core Responsibilities

-Build the ESG compliance agenda by partnering with Legal, Governance & Public Affairs and key partners to identify, interpret, and assess emerging ESG and human rights regulations aligned with sustainability and responsible sourcing goals
-Turn regulation into action by building multi-year compliance roadmaps and mitigation plans, inspire change management, and supporting embedding requirements into operations and supplier practices - especially within Procurement, in close partnership with Sustainable Sourcing
-Lead global EU Deforestation Regulations compliance, owning the overall roadmap and governance while coordinating cross-functional teams and ....tracking progress, risks, and milestones establishing ownership in and transition to business.

As the Principal Consultant for Corporate ESG Services, you will develop and manage the ESG advisory services offering within the wider ESG Corporate Services Business Unit, with support from Business Unit Manager.  Acting as commercial lead and providing support and direction. To deliver projects to the required quality and driving business growth and development activities. Provide an expert point of reference on technical delivery.

Join our client's JV project team, where your role will be to provide vital environmental and sustainability advice, guidance, and support across all operations. Your expertise will help reduce environmental risks associated with construction activities and foster a culture of sustainability.

Head, UK & Ireland, Responsible Investment Markets (12 Month Fixed Term Contract, Family Leave Cover) - Principles for Responsible Investment - Applied

Associate, Net Zero Asset Owner Alliance (12 Month Fixed Term Contract) - Principles for Responsible Investment - Applied

Head of Sponsorship, Events - Principles for Responsible Investment - Applied

Senior Specialist, Policy - UK (Part Time) - Principles for Responsible Investment - Applied