ESG and Sustainability
The rise of ESG factors in investment decision making will have a dramatic impact on returns and opportunities in the 21st century. A recent survey by LGT Capital Partners and Mercer showed that 57% of respondents believe that incorporating ESG standards into investment decisions will raise returns. Just 9% argued they reduce returns on investment.
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More Stories on ESG and Sustainability
According to a Crunchbase report, Black startup founders raised a record $1.8 billion of capital in the first six months of this year. That’s more than 4X the amount of $400 million of funding they landed in the same period in 2020. Again, compare that to the full-year tally of $1 billion and $1.4 billion for 2020 and 2019, respectively.
Bridgewater Associates, the world’s largest hedge fund, has unveiled the Lyxor/Bridgewater All Weather Sustainability Fund, which will use a UCITS-compliant investing strategy seeking a range of assets compliant with the United Nation’s 17 Sustainable Development Goals (SDG) benchmarks.
Animal Alternative Technologies (AAT), a spin-off from the University of Cambridge, is focused on developing a scalable platform for cell-based meat services, including bioreactors, optimisation software, tissue engineering and analytics. AAT has come out of stealth and its Renaissance Farm platform enables large-scale cultured meat production commercially viable for food manufacturers, restaurant chains, retailers and governments. And its not just mince or bites – it is structured meat (read: steaks) synthesised directly from animal cells.
Coinshares-backed Viridi Funds, a registered investment adviser and emerging fund manager, has launched the Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (RIGZ), a first-of-its-kind clean energy crypto mining product in the US.
Iris Mining, a Sydney-based bitcoin mining company that uses renewable energy for its operations, is looking to raise $200 million before its seeks a direct listing on the Nasdaq, according to a Bloomberg report. The company has already appointed an adviser, commenced discussions with potential investors, and plans to use the funding to lay the base for the listing – perhaps this year.
Faith Investor Services, LLC (FIS) and Knights of Columbus Asset Advisors (KoCAA) have together launched a new ETF that seeks to offer investors access to a global portfolio of financially attractive stocks whose business practices align with the investment criteria established by the United States Conference of Catholic Bishops (USCCB). The new fund, the FIS Knights of Columbus Global Belief ETF, will trade under the ticker symbol KOCG.
Digital Assets: The Pegasus Spyware From Israel’s NSO Group Hacked Phones Of Journalists And Activists
Forbidden Stories, a Paris-based journalism nonprofit, and Amnesty International shared a contact list with The Pegasus Project, a collaborative investigation between the Washington Post and 15 other news organizations to investigate smartphone hackings of reporters, human rights activists, business executives and the fiancee of murdered Saudi journalist Jamal Khashoggi.
It has been a challenge to study narwhals, the elusive and mysterious whales in the Arctic seas that sport a long unicorn horn on their snouts. They are known to hunt for food up to a thousand meters below the surface of the sea. However, researchers from the University of Copenhagen and the Greenland Institute of Natural Resources have deployed artificial intelligence (AI) to unravel the foraging secrets of the narwhals.
Goldman Sachs (NYSE: GS) has launched its first actively managed, transparent ETF that extends its range of thematic funds. The Goldman Sachs Future Planet Equity ETF will invest in companies that seek to provide solutions to environmental problems aligned with five key themes: clean energy, resource efficiency, sustainable consumption, the circular economy and water sustainability.
Global X ETFs, of the Mirae Asset Financial Group, has launched the Global X Blockchain ETF (BKCH), the Global X AgTech & Food Innovation ETF (KROP), and the Global X Hydrogen ETF (HYDR). The three new ETFs bring up the number of Global X’s thematic funds to 30. They offer investors a focused exposure to “long-term, paradigm-shifting themes.”
Mighty Buildings , which aims for sustainable buildings construction that address the housing shortage, has raised an additional $22 million in its Series B funding round. Taken with the previous raise of $40 million in February this year, Mighty now has $100 million of capital under its belt since its founding in 2017.
Liquid Alternatives/ESG: CI Global Launches Mutual Funds And ETFs Focusing On Climate Change, Liquid Alt Strategies
CI Global Asset Management announced today the launch of two new equity funds – the CI Global Climate Leaders Fund, which focuses on firms leading the global campaign against climate change, and CI Alternative North American Opportunities Fund, which uses alternative strategies to invest in innovative high-growth companies.
Professor Cho is the inventor of the BeeVi toilet, which routes human excrement to a laboratory that converts it to biogas and manure. The eco-friendly toilet disburses 10 Ggool, a cryptocurrency created by Cho, to every person who uses the toilet for defecation. The biogas (methane) is a power source for the university building while the manure is used in gardening.
The Saildrone Surveyor, an unmanned, fully autonomous vehicle designed for deep-ocean mapping, completed its maiden voyage from San Francisco to Honolulu on Thursday, July 8. The 14-ton, 22-meter long Surveyor used wind and solar energy to power its 2,250 NM voyage and array of acoustic instruments.
Sprott’s has agreed with Uranium Participation Corp (TSE: U), a Toronto-based company focused on investing in physical uranium, to reorganize the latter into an investment-fund listed on the Toronto Stock Exchange. Subsequent to such reorganization, the fund will pursue a listing on the NYSE Arca exchange.
BlackRock (NYSE: BLK) has introduced its Systematic Multi-Strategy ESG Screened fund in Europe. The new fund is categorized as Article 8 under the European Union’s Sustainable Finance Disclosure Regulation (SFDR). It seeks to provide a total return in the form of capital and income through three uncorrelated and complementary strategies.
The AuAg ESG Gold Mining UCITS ETF (ESGO) will list on the London Stock Exchange. Sweden-based AuAg Funds, a boutique brand with a focus on precious metals & green-tech elements, and white-label ETF platform HANetf have come together to launch Europe’s first ESG-focused gold mining ETF. The AuAg ESG Gold Mining UCITS ETF (ESGO) provides…
Alternative Investments/ESG: Horizons Launches Lithium and Hydrogen ETFs for Exposure to Future Clean Energy Technologies
Horizons ETFs launches the Horizons Global Lithium Producers Index ETF (HLIT), and the Horizons Global Hydrogen Index ETF (HYDR) on the Toronto Stock Exchange. The new lithium and hydrogen ETFs are each a category-first in Canada.
It’s been nearly a month since that seismic day when Engine No 1 won backing from key institutional investors in Exxon Mobil Corporation (NYSE: XOM) and got three of its representatives to sit on the energy giant’s board. Engine demanded that Exxon needed to shift its operations and significantly reduce emissions in order to ensure long-term financial viability. Engine No 1 is making waves again, this time with its announcement of the launch of its first ETF.
Stronghold Digital Mining has raised $ 105 million through two private equity placements for its Scrubgrass Generation Plant power generation facility in Venango County, Pennsylvania. The utility converts waste coal from abandoned mines in the area to generate electricity on the scale of a large-scale hydropower plant. Stronghold uses this energy to mine cryptocurrencies including bitcoin.
The asset manager announced five ETFs and four mutual funds, all with a sustainability skew. Franklin Templeton Canada launches new sustainable funds managed by its boutique investment managers. New funds from Franklin Templeton Canada Type of Fund Investment Manager Investing target Features MUTUAL FUNDS Franklin ClearBridge Sustainable Global Infrastructure Income Fund ClearBridge Investments: Global Equity…
While the national average for the cost of electricity is $0.13 per kilowatt hour, it is just $0.10 in Miami. One reason is the Turkey Point Nuclear Plant (pictured above), which helps power Miami. In fact, in Florida, nuclear is the second biggest energy source after natural gas. Besides, nuclear energy is a very clean form of energy unlike other, fossil-based sources such as coal. Dirty energy and related emissions have accounted for a lot of the recent bitcoin-bashing in recent days. All reasons for Mayor Suarez to promote Miami as a hub for crypto mining.
Alternative Investments/ESG: Fidelity Expands ESG Funds Lineup With Mutual Funds, ETFs, And A Bond Fund
Fidelity Investments announced Wednesday the launch of five new actively managed Environmental, Social, and Governance (ESG) funds. These comprise two mutual funds, two ETFs, and one bond fund.