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.
Nigerian startup Infibranches Technologies has received funding of $2 million from All On, an impact investing organization backed by Shell (NYSE: RDS.A). Infibranches will use the funds for customer acquisition, improvement of its product lineup and for introduction of new products and services to address energy distribution issues.
Get Daily Updates
Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.
More Stories on ESG and Sustainability
Accelerate Financial Technologies’ world-first Carbon Negative Bitcoin ETF (TSE: ABTC), now trading on the TSE, offsets more than 100% (“negative”) of the estimated carbon emissions from associated bitcoin mining and transaction activities.
Investors on Reddit’s WallStreetBets forum are said to have a hand in pushing up the ETF. Uranium, the raw material for nuclear power plants, is within the cross-hairs of the famous WallStreetBets forum on Reddit – which incited the meme-stock speculative frenzy in GameStop (NYSE: GME) earlier this year. The Redditors are said to have…
WisdomTree has filed to launch the WisdomTree Artificial Intelligence and Innovation Fund as a part of its thematic ETFs offering. The fund will track the performance of the WisdomTree Artificial Intelligence Index.
Evaluation of companies’ carbon footprint is essential for countries to be able to meet their 2050 decarbonization targets for 2050 as per the Paris Agreement. For investors, the quantum of greenhouse gases emitted by a company could be an important factor to evaluate its suitability in a portfolio geared towards positive climate actions in the context of ESG. While most companies do not yet formally disclose their emission data, AI can now reasonably estimate this crucial metric.
Female-founded, Icelandic venture fund Crowberry Capital announced its raise of a €76 million (US$ 90 million) seed and early-stage fund for investing in startups located in the Nordic region. The fund, Crowberry II, has the distinction of being the largest VC raise ever for Iceland.
VanEck announced September 10 the launch of its VanEck HIP Sustainable Muni ETF (CBOE: SMI). The ETF invests in investment grade municipal debt securities that have been issued to fund operations or projects that support or advance sustainable development, as well as promote positive social and environmental outcomes. Its objective is to generate current income generally exempt from federal income tax.
Janus Henderson Group (NYSE: JHG) announced Thursday its launch of Sustainable ETF Solutions comprising five actively managed sustainable exchange-traded funds (ETFs) targeted at US investors. The ETFs seek to deliver strong, risk-adjusted returns by identifying companies supportive of positive ESG change.
CFS and MIT’s PSFC announced Wednesday their successful test of a powerful magnet constructed from high temperature superconductors (HTS); the magnet can later be used in a “tokamak,” a fusion machine that could be scientists’ Holy Grail because it produces more energy than it consumes.
The Fidelity Funds Sustainable Climate Solutions Fund will give investors exposure to companies engaged in the design, manufacture or sale of products such as electric vehicles, green hydrogen and renewable energy. To be managed by Velislava Dimitrova and Cornelia Furse, the new fund is classified Article 8 under the EU Sustainable Finance Disclosure Regulation.
OLIO, the food sharing app which encourages community sustainability, announced its Series B raise of $43 million led by Swedish investment firm VNV Global and New York-based hedge fund Lugard Road Capital. Existing investors Accel, Octopus Ventures, Rubio, tech entrepreneur Jason Stockwood, and politician and media businessman Lord Waheed Alli also participated.
Nearly 200 people from the oil and gas and bitcoin mining industries met in Houston, Texas, last week to join forces on the long-standing problem of natural gas flaring. Excess and wasted gas from drilling sites in Texas has to be flared if the site is not within reach of a gas pipeline – this is so-called ‘stranded gas.’ The process of flaring is a waste of energy and has climate activists in arms for the harm it does to the environment. Instead, capturing the gas and using it to mine bitcoin is climate friendlier, curbs energy waste, and earns dollars for both driller and miner.
Cathie Wood’s Ark Investment Management has filed on Tuesday for launching a new transparency-focused ETF that will avoid investments in companies involved in vices such as alcohol, tobacco, and gambling. It will also eschew banking and oil companies.
Scientists have long tussled with the problem of unlocking information from ocean eddies, small ocean currents that have an immense influence on the Earth’s climate and on animals and plants in the seas. They are also responsible for approximately half of all phytoplankton production. But its extremely difficult to study or measure them due to their short life and small, erratic sizes. Until now.
The Cleaner Living ESG-S Ucits ETF (DTOX) will give investors exposure to themes emerging in cleaner food and dining, cleaner health and beauty, cleaner building and infrastructure, cleaner transportation, and cleaner energy. To be listed on London Stock Exchange in early September, the ETF is the second product from the HANEtf-Quikro combine.
In a move aimed to decarbonize the UK’s energy networks, Ofgem, the country’s energy system regulator, and Innovate UK are inviting applications for a £450 million (US$620 million) energy innovation fund in the areas of heating, transport, digitalization, and system integration.
Secretive but high profile battery technology startup Form Energy has collected a $240 million Series D funding round that included Breakthrough Energy Ventures as an investor. Breakthrough is backed by investors such as Bill Gates and Jeff Bezos. Form Energy’s first commercial product is a rechargeable iron-air battery capable of storing electricity for 100 hours.
Gresham House (AIM: GHE), a specialist alternative asset manager listed on the London Stock Exchange’s Alternative Investment Market (AIM), offers alternative investment solutions focusing on a sustainable future and ESG. The Gresham House Forest Growth & Sustainability Fund has raised this month an initial £127 million (US$175 million) and will generate returns from timber and carbon credits.
SEC-registered investment advisor, The Future Fund LLC, launched this week The Future Fund Active ETF (FFND) under the stewardship of Gary Black, managing partner, and David Kalis, CFA, partner.
Artificial Intelligence: Margaret Mitchell, Former Head Of Google’s Ethical AI, To Join Hugging Face
Margaret Mitchell, the former head of Google’s (NASDAQ: GOOGL) Ethical AI research group, will join AI startup Hugging Face where she will develop tools to help companies eliminate bias from their AI algorithms. Initially suspended in January, Mitchell was fired by Google February ostensibly because of a paper she co-wrote that was critical of the company.
Wildlife rehabilitation centers on the California coast often receive ailing marine birds suffering from domoic acid poisoning, which is caused by harmful algal blooms. The neurological disease afflicts California brown pelicans, red-throated loons, and other species, but the problem remains – how to warn other rehab centers on the coastline of the emergence of the disease? Researchers at UC Davis have now devised an AI system for real-time detection
Goldman Sachs (NYSE: GS) has agreed to buy all of NN Investment Partners, a Netherlands-based asset manager with $355 billion in assets under management and about $70 billion in assets under advisement. NN Investment Partners is the money management arm of Dutch insurer NN Group NV (AEX: NN) and 75% of its assets under supervision are ESG integrated.