A coalition of developed countries and corporations has finalized a historic $180 million carbon credit sale from the Amazon rainforest, aimed at reducing deforestation in Brazil's Pará state. The initiative, led by the LEAF coalition, involves 30 multinational companies and promises to allocate funds to indigenous communities. With a goal to generate 12 million forest credits by 2026, this deal is seen as a crucial step in combating tropical deforestation and promoting sustainable forest management.
AIMCo announced the departure of CIO Marlene Puffer and promoted Justin Lord and David Scudellari to senior executive managing directors, with Lord taking on the newly created role of global head of public markets. CEO Evan Siddall praised their extensive investment experience while thanking Puffer for her contributions. The future of the CIO position remains uncertain as AIMCo navigates leadership changes amidst a backdrop of previous organizational upheavals.
A recent survey reveals that 67% of institutional investors now prioritize environmental, social, and governance (ESG) factors more than last year, with 42% of their assets managed under ESG considerations. Despite concerns about returns and challenges like greenwashing, the trend towards sustainable investing continues to grow, driven by a commitment to fiduciary responsibilities and stakeholder expectations. Over 70% of investors anticipate increased use of artificial intelligence to enhance ESG data management in the coming years.
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