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.
VegTech Invest advisory has launched the VegTech Plant-based Innovation & Climate ETF (Ticker: EATV), its first financial product. The ETF offers exposure to publicly traded companies actively innovating with plants and plant-derived ingredients and producing primary products that are animal-free. These companies also have a beneficial impact on the environment and solve certain pressing global problems.
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
Impossible Foods, which makes climate-friendly meats from plants that are nutritious and as good to taste as the real thing, is in discussions for a $500 million raise at a potential valuation of $7 billion, according to Bloomberg.
The results of a poll of hedge fund managers conducted by Hedge Fund Research showed that 53% of them (687 managers) incorporated ESG factors and sustainability metrics into their investment processes. However, 47% (609 managers) said they did not do so. The results are significant, coming as they do ahead of the 2021 UN Climate Change Conference (COP26) in Glasgow this weekend.
Global asset management firm Invesco Ltd (NYSE: IVZ) announced today the launch of trading of Invesco ESG NASDAQ 100 ETF (NASDAQ: QQMG) and Invesco ESG NASDAQ Next Gen 100 ETF (NASDAQ: QQJG). The new ESG ETF offerings expand the number of investment structures in the Invesco QQQ Innovation Suite to six.
World Fund, a new climate tech venture capital fund intitiated by search engine Ecosia, announced the launch of a €350 million ($405 million) fund that will invest in climate tech startups targeting decarbonization in sectors such as energy, transport, food and agriculture, manufacturing and buildings. (EU-Startups)
Speaking at the Middle East Green Initiative Summit in Riyadh, Saudi Arabia, Larry Fink, the CEO and Chairman of Blackrock (NYSE: BLK), said he expected the next 1,000 unicorns (startups valued over $1 billion) to emerge from climate tech areas such as green hydrogen, green agriculture, green steel, and green cement.
The National Association for the Advancement of Colored People (NAACP) announced last week its acquisition of a stake in Hello Alice, an online platform that helps business with resources to launch and grow, and focuses on underrepresented entrepreneurs. Two white women, Carolyn Rodz and Elizabeth Gore, founded venture-backed Hello Alice. NAACP’s investment will advance the startup’s goal to achieve economic equality for Black communities.
Russia’s crypto mining industry is in expansion mode after China’s clampdown on its crypto miners. Also wanting to join the party are Russian oil and gas companies that flare, or burn off, the natural gas released from their drilling operations. Known as “associated petroleum gas,” this is burnt if it cannot conveniently or economically be piped to a utility. The drillers want to use this flared gas, also a source of emissions, as an energy source for crypto mining data centers.
Alternative Investments/ESG: New York Life Floats ETFs For Gender Equality, Clean Oceans, Cleaner Transport
The three thematic ETFs meet investor demand for ESG approaches. IndexIQ, the New York Life Investments company, announced Wednesday the launch of three new ETFs. The IQ Engender Equality ETF (EQUL), IQ Clean Oceans ETF (OCEN), and IQ Cleaner Transport ETF (CLNR) represent an expansion of IndexIQ’s Dual Impact family of thematic investment strategies. (ETF…
Flock Freight uses AI algorithms to optimize shipments, routes and vehicles. Its FlockDirect cloud-based product guarantees shippers shared space on a truckload by combining multiple shipments that are moving along the same route into one shared truckload. The system bypasses the inefficient Less-Than-Truckload (LTL) hub and spoke system. The company raised $215 million in a Series D that valued it at $1.3 billion and was led by existing investor Soft Bank Vision Fund 2.
If you like CEO’s that have high character, a clean non-controversial record, and achieved solid financial returns for their company’s shareholders with a focus on ESG, you’re in luck. You can now invest in companies led by such CEOs though Alpha Architect’s Return on Character ETF.
Tata Motors (NSE: TATAMOTORS), the automobile company of the Tatas, the Indian salt-to-airlines business conglomerate, will receive an investment of approximately $1 billion from TPG’s Rise Climate Fund and Abu Dhabi state holding company ADQ in a new EV entity. Tata Motors will invest over $2 billion in the unit.
MintGreen, a Canadian cleantech cryptocurrency miner, will supply 2022 its proprietary digital boilers to Lonsdale Energy Corporation, North Vancouver’s district energy utility. These boilers recover more than 96% of the electricity used for bitcoin mining in the form of heat energy. This heat would be delivered to the 100 residential and commercial buildings in North Vancouver, a city that is on a mission to decarbonize and transit away from natural gas.
IBM (NYSE: IBM) has launched an Environmental Intelligence Suite, software that is a combination of AI, weather data, climate risk analytics, and carbon accounting capabilities. The suite helps organizations assess the climate impact of their own operations, assists in regulatory compliance, and to monitor for severe weather, wildfires, and air quality.
Five Seasons Ventures, the European venture capital firm seeking to finance foodtech startups that have a quantifiable, beneficial impact on the planet and/or human health, announced the close of a a €180 million Fund II.
ETF Securities, the Australian fund manager that brought the first physically-backed gold ETF to the world in 2003, has launched a thematic equity ETF to target the world’s leading hydrogen companies. The ETFS Hydrogen ETF (ASX: HGEN) tracks the Solactive Global Hydrogen ESG Index.
Olea Edge Analytics, an Austin-based AI startup that seeks to enhance municipal water revenues at cities and helps them combat situations such as drought, has raised a $75 million Series C round led by Insight Partners, the New York-based global private equity and venture capital firm.
Alternative Investments/ESG: After Blockbuster KRBN, KraneShares Launches European and California Carbon ETFs
Asset management firm Krane Funds has launched two new ETFs that expand its range of carbon market offerings – the KraneShares European Carbon Allowance ETF (KEUA) and the KraneShares California Carbon Allowance ETF (KCCA).
Do Good Foods has a mission to address the problem of the 48 billion pounds of food waste generated by grocery stores each year. Rather than throw food away, Do Good Foods is upcycling it. Surplus grocery food is first shared with local food pantries — what’s left over is then sent to its facility to be repurposed into feed for animals, such as chicken. The company received a $169 million investment from Nuveen.
Google-owned (NASDAQ: GOOGL), London-based AI Lab DeepMind collaborated with the Met Office to develop a nowcasting system for predicting, accurately, the likelihood of rain over the next 90 minutes. In comparison, existing forecasting methods can do so for periods from six hours to two weeks.
Founded in a garage in 2015 by David Hu and Vince Allen, Sundrive, a solar energy startup, has successfully developed the world’s most efficient solar cell. Their cell generates solar-sourced power at an efficiency of 25.54%, breaking the previous world record of 25.26%. More importantly, the startup did it while replacing the silver in solar cells with copper.
Nuveen has launched two new ETFs, the Nuveen Growth Opportunities ETF (NYSE: NUGO) and the Nuveen ESG Dividend ETF (CBOE: NUDV) in its drive to help investors build better financial futures.
The FlexShares ETF unit of Northern Trust Asset Management announced Monday the launch of two new emerging markets climate-focused exchange traded funds (ETFs) in Europe. The FlexShares Emerging Markets High Dividend Climate ESG UCITS ETF (QDFE) and the FlexShares Emerging Markets Low Volatility Climate ESG UCITS ETF (QVFE) are listed on the Euronext exchange and Deutsche Börse and are available in five countries across Europe: the UK, Ireland, Germany, Sweden, and the Netherlands.
Iron Ox, an agtech startup that advances the cause of producing food sustainably and autonomously using robotics and AI, has raised a $53 million C Series led by new investor Breakthrough Energy Ventures. Breakthrough Energy Ventures is backed by top business leaders including Bill Gates and Jeff Bezos. The round brings the startup’s aggregate funding to $98 million.