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Oct 25 (Reuters) - Apple Inc (AAPL.O) said on Tuesday it would make fresh investments to set up solar and wind projects in Europe and called on its suppliers to decarbonize operations related to the production of iPhones and other products. Apple had previously asked suppliers to commit to 100% renewable energy for Apple's production. Apple has been carbon neutral for its global corporate operations since 2020. Apple said the European investments are part of a strategy to address about 22% of its carbon footprint coming from the electricity customers use to charge their devices. In total, the planned investments will add 3,000 gigawatt hours per year of new renewable energy on the grid, Apple said.

Companies BlackRock Inc FollowOct 25 (Reuters) - BlackRock Inc (BLK.N) has raised $4.5 billion out of an overall $7.5 billion-target for a new fund to invest in infrastructure assets aimed at climate-focused projects, the world's largest asset manager said on Tuesday. BlackRock, which manages around $8 trillion in assets, said public and private pension funds, sovereign wealth funds, insurance companies and family offices had invested in the new fund, which will be called Global Infrastructure Fund IV. The asset manager said the new fund will invest in five sectors –– energy, low carbon power, transport and logistics, regulated utilities, and digital infrastructure –– to capitalize on the growing trend towards decarbonization and digitalization. Register now for FREE unlimited access to Reuters.com RegisterIts previous infrastructure fund raised $5.1 billion in 2020. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ann Maria shibu and Lavanya Ahire in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

WASHINGTON, Oct 24 (Reuters) - Over 100 U.S. environmental groups on Monday urged top U.S. climate diplomat John Kerry to support the creation of a fund that would compensate countries that have experienced economic and physical loss from climate change, a key demand of vulnerable countries at the upcoming COP27 climate summit in Egypt. The United States and European Union, the world's third-biggest emitter of greenhouse gases, are facing pressure from lower-income nations to soften their long-standing resistance to compensation for the "loss and damage" wrought by floods, rising seas and other climate change-fueled impacts. "We also think you need to examine the existing institutions and see what the what the gaps are." Egypt, host of the United Nations' climate negotiations, has appointed the environment ministers of Chile and Germany to come up with a plan for including the controversial loss and damage topic on the formal summit agenda. Register now for FREE unlimited access to Reuters.com RegisterReporting by Valerie Volcovici; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Companies Deutsche Bank AG FollowLONDON, Oct 21 (Reuters) - Deutsche Bank (DBKGn.DE) said on Friday it aimed to reduce the emissions tied to its upstream corporate oil and gas sector loans by 23% by 2030, as part of a series of targets to help it meet its climate commitments. By 2050, the bank said so-called financed emissions tied to the sector, including Scope 3 emissions from the use of gasoline and other refined products by end-users, would be reduced by 90%. In the power generation sector, it would target a 69% cut in so-called Scope 1 physical emissions intensity - a measure of emissions per unit of output tied to utilities' direct energy usage - by 2030 and 100% by 2050. In the autos sector, and specifically light duty vehicles, the bank said it aimed to reduce tailpipe emissions intensity by 59% by 2030, and 100% by mid-century. In the steel sector, it aims to reduce Scope 1 and 2 physical emission intensity by 33% by 2030, and 90% by 2050, it said in a statement.

LONDON, Oct 19 (Reuters) - Companies worth half of total global market capitalistion are now disclosing environmental data after a 42% year-on-year rise in the number of firms reporting, new data published on Wednesday showed. Non-profit environmental disclosure platform CDP said more than 18,700 companies -- the highest yet since CDP launched in 2000 -- and worth a combined $60.8 trillion disclosed data on climate change, deforestation and water security in 2022. The data is also crucial for climate negotiators, including at next month's United Nations climate summit, COP27, to assess progress and spot laggards. However, despite more companies disclosing environmental data, few are providing sufficient information. The United States, China, Japan, Britain and Brazil topped the list of countries for corporate disclosures in 2022, CDP said on Wednesday.

London-based PRI's network of more than 5,000 signatories including Nuveen agree to take steps like urging portfolio companies to disclose more about carbon emissions or workforce diversity. She noted Princeton University recently moved to dissociate its $38 billion endowment from fossil fuel companies. https://bit.ly/3TwDttEA spokesperson for TIAA of New York said it has taken steps including asking portfolio companies to cut emissions. "Large-scale divestments by simply selling fossil-fuel-generating investments to other companies won’t necessarily reduce carbon output," said the spokesperson. Other PRI signatories have also declined to sell off energy stocks.

Oct 18 (Reuters) - Missouri has pulled $500 million out of pension funds managed by BlackRock Inc (BLK.N), state Treasurer Scott Fitzpatrick said on Tuesday, over the asset manager's environmental, social and governance (ESG) "priority" over shareholder returns. Several Republican-led states have sought to cut business ties with BlackRock over its ESG push, with Louisiana earlier this month saying it would pull $794 million out of the company's funds. While environmentalists have protested that the world's largest asset manager does too little to press for change at fossil fuel portfolio companies, Republican politicians have accused it of boycotting energy stocks. Missouri State Employees' Retirement System had asked BlackRock to abstain from proxy voting at companies on its behalf, but the asset manager refused its demand, Fitzpatrick said. Proxy voting is done by asset management firms on behalf of shareholders.

☆ Can sustainable soya farming come fast enough to save the Cerrado?
▼ + stars: | 2022-10-18 | by ( Mark Hillsdon | Mark Hillsdon Is A Manchester-Based Freelance Writer Who Writes On Business | Sustainability For The Ethical Corporation | ) www.reuters.com time to read: +12 min

“Crop finance is a key part of soy farmers' business models and there is a huge appetite and market for green finance,” he explains. It’s a message consistent with the UK Soy Manifesto, which now covers 60% of the soy coming into the UK. Unlocking green investment means this can now happen, he adds, by supporting sustainable agriculture and protecting forests in a financially sustainable way that rewards farmers. And ultimately it is the involvement of these traders in screening out “bad soy” on which any sustainable soy scheme succeeds or fails. The Retail Soy Group’s roadmap commits members to deforestation-free soy with a cut-off-date of August 2020, but soy traders aren’t following these guidelines, says Wijeratna.

A smoke billowing from a chimney is pictured, as the UN Climate Change Conference (COP26) takes place, in Glasgow, Scotland, Britain, November 6, 2021. Just 32 of the 100 biggest private firms have set a target to reach net-zero carbon emissions, compared with 69 of the 100 largest public companies, the study showed. In high-emitting sectors such as energy, infrastructure and manufacturing, only 14% of the private firms' annual combined revenue is covered by such a target compared with 77% of revenues from listed firms in the same sector. “Private firms are falling devastatingly short on net zero compared with their publicly-listed cousins," said John Lang, project lead of the Net Zero Tracker. As listed companies increasingly face mandatory climate-related disclosures, Thomas Hale, professor at Oxford University's Blavatnik School of Government, said there was a risk private firms escaped scrutiny and gained an unfair advantage.

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