Trade unions

Impact bonds support a wide range of outcomes, from financing climate solutions to supporting social programmes and sustainable development. These bonds, which encompass labelled green, social and sustainability (GSS) bonds[note1], have become an increasingly important mechanism for enabling investors to direct capital towards their environmental and social objectives. 

By the end of 2025, the total outstanding global GSS bond market had reached $5.32trn, comprising $3.3trn in green bonds, $827bn in social bonds and $1.2trn in sustainability bonds. For many investors, impact bonds are now a core component of global fixed income portfolios.

As impact bond issuance accelerates, investors face growing challenges around transparency and comparability across this rapidly expanding market. In this FTSE Russell Insight, we examine key market trends and how the FTSE Impact Bond Index Series provides comprehensive, standards-aligned coverage of this important fixed income market segment.

Key takeaways:

• The current energy shock makes energy transition an energy security and economic competitiveness priority.
• Whilst the short-term response to the energy shock may be more fossil fuels, the medium to longer term response is likely to be more energy transition. We’ve seen similar in the past, in the 1970s energy shocks, and it’s already happening in numerous countries.
• The infrastructure to enable an acceleration in the energy transition has evolved significantly, even compared to 2022. The maturity, capacity and economics of renewable energy, energy efficiency and electrification technologies is now highly advanced.

A guide to interpreting and using financed emissions in a data sparse environment

Financial institutions are exposed to climate risk indirectly through the companies and projects they finance, linking their portfolios to real‑economy emissions.

Financed emissions, classified as part of Scope 3, account on average for 97% of a financial institution’s total greenhouse gas emissions, yet in practice remain difficult to interpret due to limited and uneven data.

Although still developing as a metric, financed emissions serve as a useful lens for understanding historical emissions and climate-related risk, particularly when combined with complementary datasets.

This report explores how financed emissions data can be made more useful in practice. We find that, when treated as a structured analytical framework rather than a single headline figure, financed emissions can provide genuinely valuable insight into how capital interacts with the low‑carbon transition.

Biodiversity loss as a source of financial risk and dependency

Biodiversity—the variability among living organisms, including between and within species and ecosystems—is increasingly recognised as financially material, yet it remains difficult to assess in investment portfolios.

Biodiversity matters for investors because it underpins economic activity and affects corporate cash flows. Firms depend on living systems for inputs, production stability and the provision of ecosystem services such as water regulation, soil fertility and climate buffering. If those systems degrade, financial risks emerge through higher operating costs, supply chain disruptions, asset impairments, regulatory exposure and shifts in consumer and investor sentiment.

A new wave of consolidation is sweeping through the mining industry. Multi-billion-dollar proposals, from Anglo American’s approach to Teck Resources to the mooted tie-up between Rio Tinto and Glencore, reflect a sector once again turning to dealmaking. At first glance, this may appear familiar. Mining has long moved in cycles, with mergers typically following commodity booms. However, this cycle looks different.

The current surge in M&A is being driven less by short-term price dynamics than by deeper structural forces. The energy transition is accelerating demand for critical minerals. At the same time, mineral deposits are becoming harder to exploit and environmental constraints are tightening. Together, these pressures are reshaping the economics of extraction and in turn, the logic of consolidation.

In this changing landscape, scale alone is no longer sufficient. Increasingly, the decisive factor is how efficiently resources can be produced.

For too long, we’ve treated economic forces as enemies of the environment. I get it; climate change is a consequence of economic activity. But economic growth also alleviates poverty, improves health and longevity, and inspires innovation. There’s no reason why we can’t harness economic incentives as a driver for climate action, too.  

To do that effectively and responsibly, we need to “Money Ball” climate change. That means analyzing what works and what doesn’t and accelerating the solutions that deliver. I believe that, at its heart, climate change is a math problem: a 53 gigaton (GT) math problem.  

'Disaster insurance is breaking at a moment of crucial need. As climate change intensifies extreme weather, we’re seeing big shifts in the cost and availability of property insurance.

From soaring premiums to fewer options for homeowners, here are a few ways we’re feeling the impact across the United States.'

Recent analyses show that during extreme weather events, batteries, wind and solar power are more reliable sources of electricity than power plants that run on coal or gas.

Coal power plants were up to 13 times more likely to fail than wind farms during recent winter storms.

While gas prices skyrocketed, offshore wind power saved New England electricity customers $2 million a day during a December 2025 cold snap.

Big batteries even out the flow of clean energy and improve reliability. Today, utilities have enough battery storage to replace about 8% of the nation’s expensive gas peaker plants.

Artificial intelligence unknowns are creating stress in the market, and we don’t see that ending any time soon. For long-term investors, these stressors can create opportunities.

• Canadian sustainable fund assets reached a record CAD 67 billion in 2025 (+18% YoY). 
• Flows were highly concentrated: the top ten funds brought in CAD 4 billion, while the rest lost CAD 2.9 billion. 
• Exclusionary screening was the most common sustainable investing approach. 

European inflows return as global ESG demand stabilizes

Global sustainable fund flows turned positive in the first quarter of 2026, recording an estimated USD 3.5 billion in net inflows, following USD 27 billion in outflows in Q4 2025. The turnaround was driven by a sharp rebound in Europe, where sustainable funds attracted more than USD 9 billion in net new money, despite ongoing geopolitical and regulatory uncertainty.

Whilst Icade set to put its climate plan to a shareholder vote on 10 June, the FIR, in collaboration with ADEME, the World Benchmarking Alliance and the Ethos Foundation, provides an analysis of the plan.

The analysis is divided in two parts:

• the first assesses the plan’s transparency using the FIR methodology, whilst
• the second evaluates the company’s performance using ADEME’s ACT methodology.

To find out about the company’s results, how they compare with last year’s figures, and areas for improvement, please take a look at its analysis sheet.

Key Points:

• The amended EU Corporate Sustainability Due Diligence Directive (CSDDD) is now finalized and preserves its core requirement: companies must conduct risk-based human rights and environmental due diligence across their value chains. 

• Companies can expect requirements to cascade through value chains, even if they are not directly in scope, and will need to strengthen governance, issue prioritization, and stakeholder engagement. 

• BSR shares areas of strategic adjustment for companies and practical steps to prepare for implementation by 2029.

Key Points

• The crisis in Iran is not a temporary shock but a systemic increase in volatility. Even if the conflict de-escalates, elevated risk, higher costs, and ongoing disruption to trade and energy systems are likely to endure, reshaping how companies plan and invest.
• Human rights risks are on the rise, with significant operational consequences. Disruptions to energy, food, and supply chains are increasing risks for workers and communities, ranging from income loss to unsafe working conditions, making real-time human rights due diligence essential for maintaining stable operations.
• The crisis may accelerate the energy transition, while also making it more complex. Electrification and renewables are gaining urgency as tools for resilience, but inflation, supply chain constraints, and new dependencies (e.g. on critical minerals and clean tech) may complicate execution.
• Global economic integration is under growing strain—but hard to escape. The crisis is exposing the vulnerabilities of deep economic interdependence, even as companies and countries remain reliant on global systems they cannot easily replace.
• Sustainability is increasingly core to business resilience. From energy to supply chains to the workforce, a sustainability lens is critical to managing risk, maintaining operations, and navigating uncertainty.

Key Points 

• With 2025 climate targets closing and 2030 milestones ahead, many companies are facing mixed progress, rising external pressures, and increased internal scrutiny around the value and feasibility of their climate strategies. 
• The targets set today will shape a critical decade of delivery. When carefully designed and calibrated, climate targets can protect and create shareholder value, reduce legal and operational risks, and build resilience.   
• In BSR’s latest edition of Insights+, the Climate and Nature team explores current headwinds, how members are responding, and actions businesses can take in a rapidly evolving landscape. 

Investor demand for credit strategies that support the climate transition remains resilient, even as policy signals shift and markets reprice risk. At the same time, the transition lens is broadening: decarbonization is increasingly linked to nature outcomes, as the energy transition’s footprint on land, water and critical minerals creates new material risks and constraints.

Over the past 12 months, it has become increasingly evident that a rebalancing is underway among large asset allocators as they reassess the regional diversification of their portfolios.

Summary

• While the US faces headwinds, European credit markets remain resilient
• High valuations and concentration in the US make Europe’s equities attractive
• Europe’s broad opportunity set favors systematic, multi-factor stock selection

Editor's note - makes reference to green sovereigns

Over the past 12 months, a shift has begun to take shape among large asset allocators, with exposure to emerging markets assets seen as increasingly attractive for long-term investors.

Summary

• Emerging markets are central to global growth
• EM equities remain at a discount to global markets
• EM bond yields are attractive given robust macro backdrop

Editor's note - references ESG risks

Over the past 12 months, a shift has begun to take shape among large asset allocators as they reassess the regional balance of their equity portfolios.

Summary

• Global value equities: offers a focus on European banks and industrials
• ‘Smart’ thematic equities: focused portfolios capturing global trends
• Quant equities: aim for outperformance while maintaining strict risk discipline

Companies are disclosing more climate data than ever, but are they actually on track for the Paris Agreement?

Our own Ali Amin features in LSE's award-winning Research for the World magazine, discussing findings from the TPI Centre's State of the Corporate Transition report. The verdict: progress on disclosure is real, but a major implementation gap remains. Long-term net zero targets are now commonplace, yet three-quarters of companies are still off track over the short and medium term.

Tuesday 2 June 2026 - 11:30 - 12:30

Join the Human Capital Management Coalition for a high-impact investor webinar exploring how Artificial Intelligence (AI) is transforming human capital management, board oversight, and workforce risk—and what that means for long-term value creation.

Speakers

• Christine Chow, Board Advisor, Crystal Investment Limited of Crystal Group
• Lauren McFerran, Executive Director, AFL-CIO Tech Institute
• Hope Mehlman, Chief Legal and Corporate Affairs Officer, Ally Bank
• Jessica Weaver, Deputy Director, Corporate Governance & Sustainable Investments, Office of the Connecticut State Treasurer

Moderator: Christine Shaw, HCMC Vice Chair and Head of Sustainability Policy & Reporting, Franklin Templeton Investments

• Are corporate transition plans credible?
• How can industries, policymakers, investors, and academia distinguish genuine decarbonisation strategies from commitments that lack substance?
• And what role can rigorous, independent assessment play in holding companies accountable and driving meaningful climate action?

• Date: Tuesday 23 June 2026 
• Time: 18.30 – 20.00 British Summer Time
• Venue: Malaysia Auditorium, Centre Building at LSE, WC2A 2AE
• How to attend:
  • To attend in person, register
  • To attend online, register 

• Vanessa Havard-Williams OBE, Member, UK Transition Finance Council and Chair, UK Finance Market Review 
• Kate McGrath, Head of ESG, Fixed Income, Aberdeen
• Peter Metcalfe, Executive Committee Member, Ipieca
• Alireza Modirzadeh, Research Project Lead, TPI Centre at LSE
• Chair and moderator: Carmen Nuzzo, Professor in Practice and Executive Director, TPI Centre at LSE

In real estate, social value refers to the positive outcomes a building or place creates for people and communities. This could be improved wellbeing, access to services and jobs, inclusion, safety, and stronger local connections. 

As investors navigate widening socio-economic inequalities, shifting tenant expectations and heightened scrutiny from stakeholders, the question is no longer whether social value matters. The real question is can it be delivered in a way that’s both meaningful and investable?

This report covers BlackRock Investment Stewardship’s (BIS) activities from January 1 through December 31, 2025.

BlackRock’s stewardship policies are developed and implemented separately by two independent, specialist teams:

• BIS and
• BlackRock Active Investment Stewardship (BAIS).

While the two teams operate independently, their general approach is grounded in widely recognized norms of corporate governance and shareholder rights and responsibilities. 

Climate Report 2025 here

Published: 31 March / 2 April 2026

Summary: EDF’s integrated filing includes sustainability information, governance reporting, vigilance plan disclosures and sustainability assurance. Strong focus on nuclear generation, decarbonisation and European energy security.

Published: March 2026

Summary: RWE’s sustainability reporting covers renewable expansion, coal phase-out progress, emissions reduction and supply-chain due diligence. Integrated into the group’s broader annual reporting framework under evolving EU sustainability standards.

Published: 27 March 2026

Summary: Integrated annual and sustainability reporting covering water, waste, recycling and energy transition activities. Includes detailed climate, biodiversity, circular economy and social performance disclosures alongside audited sustainability information.

Almost every economics presentation or meeting over the past few years has had to include a mention or a question about AI – and rightly so. The impact of the technology on the economy has both been meaningful already and is set to increase in the coming years.

We’ve seen impacts on growth in the US via software investment and data centres, a boom in Taiwanese exports, and financial markets dominated by the winners and losers of AI.

But beyond the initial buildout, the second-round macro impacts in most of the world have been pretty small so far.

• We haven’t seen mass layoffs.
• We haven’t seen productivity spike.
• We haven’t seen our day-to-day lives transformed by AI quite yet.

The transport sector is making some progress on decarbonisation, but it is slow and the outlook is tough. According to the UN, the sector accounts for roughly one-quarter of global greenhouse gas emissions.

Making transport clean(er) remains the central tenet of the industry.

... includes ...

• Road is key
• The headwinds to EV adoption, however, are clear and well-rehearsed
• Regulators have started to adjust to reflect this reality
• The road ahead
• For sea and air transport, the challenge remains the availability of alternative fuels
• Meanwhile, autonomous driving is gaining speed

In some of America's biggest agricultural states, wind and solar revenues are approaching those from corn, soy, and other major commodities.

American farmers have long diversified their income by leasing land for energy infrastructure, and over the past 15 years, utility-scale wind and solar have become meaningful sources of revenue.

RMI analysis finds that revenue from rural solar and wind energy has become significant in some states, and at the national level is approaching the scale of major agricultural commodities.

Chemicals play a critical, though often overlooked, role in modern society. They provide many of the key building blocks for the construction industry, support agriculture by increasing crop yields, and offer novel materials for a range of products from automobiles to new energy technologies.

In fact, chemicals are everywhere, present in 96% of manufactured goods, including 75% of the energy technologies that will be needed to navigate the energy transition.

Between now and 2030, the increase in electricity demand for air conditioning systems alone will exceed that for data centers, one of the fastest-growing energy uses globally.

By 2050, cooling electricity demand is expected to match the combined annual electricity consumption of the United States, China, India, Germany, and Japan today.

Yet, cooling hasn’t made it to the top of energy transition conversations and receives far less attention than is needed.

As spring weather arrives, drivers in electric vehicles (EVs) may notice that their cars are going farther between charges. They aren’t imagining things — like all vehicles, EVs operate more efficiently in temperate weather. To help grid planners and regulators better account for these seasonal effects, RMI is releasing a set of new scenarios in our GridUp EV load forecasting tool to showcase how changes in temperature can affect EV charging demand throughout the year.

A new report from the UK-based nonprofit organization Centre for Net Zero, to which RMI contributed, considers the next phase of the global electric vehicle (EV) transition: mass adoption.

This phase comes after years of targeted policy support, falling battery costs, and expanding global supply chains. It represents the steep part of the “S-curve” of technology adoption and is characterized by rapid cost reductions, improvements in quality, and stiffening competition.

BNEF tracks investment in the global energy transition, covering everything from renewables and nuclear to electrified transport and heat, hydrogen, carbon capture and sustainable materials.

Explore the latest trends in our 2026 edition.

"Climatescope is an online market assessment tool, report and index that evaluates individual emerging markets' readiness to put energy transition investment to work."

At RBC Global Asset Management (RBC GAM), we continually monitor the responsible investment (RI) landscape to refine our perspectives and ensure we remain well positioned to act in the best interests of our clients. Looking ahead, we have identified six themes likely to shape the RI environment in the coming year. These themes collectively reflect a complex and dynamic backdrop characterized by rapid technological advancement and deepening social and political divides, with the potential to present material risks and opportunities across the portfolios we manage.

Join Jordan Wong, Marcelo Montanari and Rob Cavallo as they discuss Anthropic's unprecedented revenue growth, driven by their Claude Code developer tool.

The team also explores Meta's AI model comeback, the memory market rollercoaster, and Eli Lilly's new oral obesity drug approval competing with Novo Nordisk.

This episode highlights how early AI revenue growth is supporting massive infrastructure investments while healthcare innovation continues with more accessible treatment options.

The Q1 Public Engagement Report from EOS at Federated Hermes Limited explores:

• how Asian companies are improving access to independent directors for investors,
• ways to mitigate AI risks to children, and
• efficiency challenges for the aviation sector.

With markets pulled in multiple directions in 2026, looking beyond near-term noise is uncovering compelling opportunities in emerging markets, capital-intensive firms and commodity exposed names, says our Sustainable Global Equity team in a new video.

Exploring the intersection of climate risk, environmental protection and social resilience, new evidence points to mounting threats to the Gulf Stream, gaps in marine conservation, emerging pay gap reporting requirements, and continued declines in global freedoms, underscoring why these trends matter for long‑term outcomes.

... includes ...

• Climate model projections show Gulf Stream current system at heightened risk of collapse
• Marine protection efforts increase
• UK government commits to addressing pay gaps for minority ethnic and disabled workers
• Global freedom report warns of a “growing shadow of autocracy”

"Our annual engagement review provides an opportunity to reflect on the past year and share the impact our engagement has helped create, as well as to outline our focus areas as we continue our work in 2026."

… includes …

• Priority engagement theme: Climate
• Priority engagement theme: Nature
• Priority engagement theme: Human rights
• Impact case studies on health, nature, human rights & systemic risk management

With oil and gas markets rattled by conflict in the Middle East, Europe’s energy exposure is back in focus. The  closure of the Strait of Hormuz has shown that disruption to supply is becoming more likely against today’s geopolitical backdrop. Europe must act decisively to ensure long-term energy sovereignty. Accelerating the transition to clean energy is the clearest path to this. 

Our latest report finds that the European Union remains heavily dependent on imported fossil fuels from high-risk trading partners who have shown their willingness to abuse their trading power. This leaves the EU vulnerable to price shocks and geopolitical pressure despite the move away from Russian gas.  

Editor's note: The rationale for long-term investing and significance of stewardship within this

"In the current environment of heightened uncertainty, the market’s attention is directed more than ever towards the short term, be it the latest advance in AI or yet another geopolitical headline. While there is undoubtedly opportunity for investors who can skillfully exploit the associated short-term volatility, we think having a long-term orientated approach has become more valuable in this sentiment-driven market cycle ..."

How do climate-related risks and opportunities intersect with corporate strategy?

"We believe the risks and opportunities associated with climate change (both the energy transition and the worsening events exacerbated by climate change) should be evaluated through the lens of financial materiality. The resulting prominence within corporate strategy will naturally differ by industry and business model ..."

... includes ...

• How do climate-related risks and opportunities intersect with corporate strategy?
• What are the climate-related disclosure expectations for private companies?
• How can Wellington’s value creation and climate resources help our private companies?
• Appendix A: Climate questions to expect from public-market investors

India cannot build its next phase of economic growth without steel. But it cannot sustain that growth and meet its long-term climate goals unless it changes how that steel is produced.

In Forging Ahead: Pathways to Green Steel for India, Asia Research & Engagement (ARE) examines one of the hardest questions in India’s net-zero transition: how can the country scale steel production while reducing emissions from one of its most carbon-intensive industries?

The report details decarbonisation roadmaps for India’s steel sector and assesses transition progress at four of the country’s largest producers: Tata Steel, JSW Steel, Jindal Steel, and Jindal Stainless.

Why This Matters

India’s steel sector sits at the intersection of the country’s growth ambitions and its climate commitments. The scale of the challenge is significant:

• India’s crude steel capacity is targeted to reach 300 million tonnes by 2030–31, a 67% increase from 179.5 million tonnes in 2023–24.
• This expansion will require an estimated USD105 billion (INR 10 lakh crore) in investment.
• The industry emitted 297 million tonnes of CO₂ in 2021–22, at an average intensity of 2.36 tCO₂ per tonne of crude steel.
• India’s steel emissions intensity is around 28% higher than the global industry average of 1.85 tCO₂ per tonne.

Without decisive and rapid action, the industry risks locking in high emissions for decades to come. If India is to achieve its aim of becoming a global leader in green steel, producers must move beyond ambition and target-setting into an era of accountability and validation.

Key Findings

ARE’s analysis reveals a significant gap between companies advancing clear decarbonisation strategies and those still primarily expanding conventional capacity.

• Tata Steel has the clearest route-shift logic, particularly in Europe, with visible progress on electric arc furnace (EAF) deployment, hydrogen pilots, and emissions disclosure — but still needs to make its India transition capex and plant-level milestones more visible.
• JSW Steel shows strong execution on renewables, certification, and low-emissions positioning, but its capital expenditure profile remains heavily tied to integrated capacity expansion.
• Jindal Steel has visible building blocks around renewables, hydrogen, and efficiency but needs clearer sequencing, from intensity reduction to deeper structural decarbonisation.
• Jindal Stainless starts from a structurally stronger position due to its EAF- and scrap-linked stainless production route, making near-term decarbonisation more directly responsive to clean electricity and renewable procurement — though this reflects in-built product-mix differences rather than a like-for-like sector transition.
• The transition is moving beyond targets into delivery. The next phase will be determined not by long-term net-zero targets but by whether companies can deliver bankable, plant-level pathways that reduce emissions intensity while scaling production.

About the Report

Forging Ahead assesses India’s four steel majors across five lenses: route reality, capital expenditure alignment, near-term execution, enabler dependence, and disclosure.

The report argues that credible transition pathways require clear production route choices, capital allocation aligned with lower-emissions production, time-bound implementation milestones, and robust Measurement, Reporting, and Verification systems capable of meeting regulatory and market requirements.

These dynamics are being reinforced by policy. India’s Green Steel Taxonomy creates a measurable benchmark for emissions performance, distinguishing credible green production from vague sustainability claims. In parallel, the European Union’s Carbon Border Adjustment Mechanism is making plant-level, verifiable carbon accounting a commercial requirement for exporters.

The report is produced by ARE, an independent research and engagement organisation that brings leading investors into dialogue with Asian-listed companies on sustainable development. Forging Ahead was authored by Arun Kumar (Strategic Advisor – Power Markets & Technology Innovation) and Arshiya Bhutani (Engagement & Research Manager).

Recommendations

The report’s core message is that the next phase of India’s green steel transition will be decided by bankable delivery, not targets. To lead the transition, producers and policymakers should focus on:

Making credible production route choices. Companies should articulate clear route-shift strategies and invest in enabling systems such as clean power and scrap, rather than remaining anchored to conventional blast-furnace expansion.

Aligning capital expenditure with lower-emissions production. Transition-linked capex, clean electricity procurement, and scrap and input strategies are prerequisites for credible decarbonisation at scale.

Setting time-bound execution milestones. Plant-level pathways with clear sequencing — from emissions intensity reduction to deeper structural decarbonisation — are essential to demonstrate progress.

Strengthening Measurement, Reporting, and Verification (MRV). Robust MRV systems capable of withstanding regulatory and market scrutiny are increasingly a commercial requirement, not just a disclosure exercise.

For policymakers, the next step is to build demand through procurement standards and certification frameworks. For buyers — particularly in infrastructure and public projects — early demand signals can play a key role in scaling lower-emission steel production.

Download the full Forging Ahead: Pathways to Green Steel for India report for the complete company assessments, decarbonisation roadmaps, and detailed analysis of India’s green steel transition.

• ARE's Indian power sector scorecard
• ARE's Net Zero Steel assessment of Indian steel majors

The discussion will be led by Arun Kumar Singh, Strategic Advisor – Power Markets and Technology Innovation at ARE, and cover four connected themes:

• Power sector corporate performance
• Electricity market pricing signals
• Steel sector transition credibility
• CBAM-related risks for Indian steel exporters

Why join?

• Company-level insights into the credibility of transition pathways across India's power and steel sectors
• Where capital is being deployed — and where delivery risks remain
• Practical questions investors and lenders can ask companies on capex, execution, storage, emissions disclosure, and CBAM preparedness

• Session 1: Wednesday, 27 May, 1:30 pm IST
• Session 2: Thursday, 28 May, 9:30 am IST

Alphabet and Meta face multiple shareholder proposals on their AI oversight, following significant regulatory fines and a lost social media addiction lawsuit.

The proposals seek better AI governance to address financial risks. With Canbury’s 4C framework, we consider a company’s Commitment and Capability to tell what it aspires to do and whether it has built the apparatus to act. Conduct and Consequence tell us whether its oversight is working.

The challenge for investors (and boards) is distinguishing the companies that have committed to governing AI well from those that are actually doing it. Given AI’s potential to disrupt operations and business models, shareholders want to know who is prepared.

FIR publishes the results of several months of discussions

The FIR publishes a summary of its ESG workshops between companies and investors, held between March and September 2025 with eight SBF 120-listed companies (Bouygues, Carrefour, Engie, Kering, Orange, Rubis, Veolia, Wavestone) and several investors (including Candriam, Crédit Mutuel AM, ERAFP, Generali AM, LFDE, Rothschild & Co AM, Sycomore AM).

All convinced of the importance of high-quality engagement, these investors are committed to promoting best market practices. The meetings, organised in pairs of companies and held under Chatham House rules, opened a constructive discussion  space to improve engagement practices on ESG topics.

This research update provides a list of assessed banks, methodology enhancements and the process and timeline for 2026.

This is a Fixed Term Contract opportunity

Can be based in UK, South Africa, Chile, Peru, Brazil

The S&T Platform Strategy & Governance team is seeking an Associate in EMEA to support sustainability strategy, S&T product ideation, market intelligence, and governance activities across the S&T platform. The role sits at the intersection of sustainable product strategy, competitor and industry monitoring, platform analytics, and regulatory‑driven initiatives, with exposure to multiple stakeholders and cross‑functional strategic projects within GPS and BlackRock more broadly.

The Sustainability & Impact Client Solutions team mobilizes the full range of sustainability insights, advisory services and investment solutions across our client segments and asset classes (Publics Markets Investing and GS Alternatives, External Investing Group). We collaborate with sustainability teams across the division and firm to deliver the breadth and depth of our sustainability capabilities to our clients. We are seeking an associate to join the team in NYC to fill a unique role focused on developing differentiated insights on leading edge topics on sustainable investing and better serving our clients with content-rich advisory services. This role will work closely with our global team, in addition to working with our Institutional sales teams to deliver client solutions that focus on Sustainability and Impact Investing across public and private markets.  In addition, this role will work with various investment teams to support investment product development and broader delivery of our capabilities across different asset classes and across different regions.

As a Sustainability Analyst, you will play an active role in advancing Broadridge’s sustainability initiatives, contributing to the company’s progress toward its near-term and net-zero emissions reduction goals. In this role, you will manage data collection, analysis, and reporting tasks, support supplier engagement activities, and contribute to projects that advance our environmental commitments. This position provides hands-on experience in corporate sustainability, greenhouse gas (GHG) measurement, and sustainable supply chain management, while offering opportunities to learn from and collaborate with experienced sustainability professionals.

Please be aware that interviews are provisionally scheduled to take place during the week commencing 18th May 2026. Applications received after this date may not be considered but will be added to our talent pool for future opportunities, subject to your consent.

LGPS Central (LGPSC) Ltd is the FCA regulated asset manager for eight local authority pension funds across the Midlands.

Location Hybrid · London, UK

Team - Ri Solutions

Seniority - Junior

Closing: 11:59pm, 3rd May 2026 BST

This responsibility spans all factor, thematic, cap-weighted and sustainability & climate Indexes

The Director of Communications provides senior strategic communications leadership for PRI, using communications as a deliberate lever to reinforce PRI’s value, credibility and coherence with signatories and external stakeholders. The role shapes the external narrative, protects and enhances reputation, and translates complex technical and policy work into clear, decision‑useful messages that strengthen the enabling environment for responsible investment.

Responsible Investment Manager, RI Markets - OCEANIA (Close 3 May)

Director, EMEA - RI Markets (Close 19 Apr)

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)....