Mark Segal

ESG Reporting/ Investors/ Regulators The Financial Conduct Authority (FCA), the UK’s conduct regulator for financial services firms and financial markets, announced a new proposal to drop requirements for financial firms to publish TCFD-based climate disclosures for investment products, replacing them with simplified reporting on climate risks for retail investors, and on-demand emissions data for institutional clients.

ESG News This week in ESG news: Goldman Sachs raises $3 billion for energy transition, circular economy, digital and transport infrastructure fund; Brazil shifts from mandatory to voluntary sustainability reporting; UK sets 2040 GHG emissions reduction target; ISO launches transition planning standard for banks, investors; Google sets series of water sustainability goals; Nordea beats €200 billion sustainable finance target; JPMorgan backs carbon removal startup Charm; states sue Trump over...

Companies/ Environment/ Sustainable Finance Climate solutions provider Charm Industrial announced a new carbon offtake removal deal with JPMorganChase, its second with the bank, with a new commitment to purchase 61,500 tons of carbon dioxide removal (CDR) credits, generated from Charm’s U.S.-based bio-oil projects. As part of the new agreement, JPMorganChase will also extend a $20 million venture debt facility to Charm, supporting the expansion of the company’s operations.