Green Sprouts Awash

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If the freshly sprouted greens are becoming wet, it’s not only because of the April rain. This week we followed up on the curious case of BW Offshore, a Norwegian operator of floating production storage and offloading vessels who was just awarded a contract to participate in developing the Barossa LNG reservoir, an Australian project that will release more carbon emissions than it will use for energy production. Wonder who is invested in BW Offshore?

To arm themselves in the fight against the foreseeable wave of greenwashing, the US SEC announced the creation of a Climate and ESG Task Force in the Division of Enforcement. Meanwhile, following the leak of the latest draft of the European Commission’s Delegated Act for EU’s Taxonomy of sustainable economic activities, 9 of the 67 experts that make up the Platform on Sustainable Finance threatened to quit the platform in protest against the changes.

- Promotion -

This week, we also took a closer look at the news that China was cooperating with the European Union in the development of a harmonised taxonomy. Also in China, H&M is caught between a rock and a bad place and this week’s Snap reflects on the tough choices facing the fast-fashion giant.

After last week’s European Impact Summit hosted online by Phenix Capital, we report on the latest trends in impact investing. We also caught a few cautious comments by Alecta’s Peter Lööw, warning that the greenium might start turning off some SRI champions. In case you missed it, we covered the essentials of the Economist’s Sustainability Week before the break.

Back in Norway, NBIM made its first investment in unlisted renewable energy infrastructure this week.

 

 

Picture © ARG – NordSIP

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