Sustainalytics Insight: Only 30% of Companies Worldwide Achieve Strong Board Independence
According to a research on the materiality of corporate governance, just 30% of more than 4,200 companies analyzed by Morningstar Sustainalytics ESG Risk Ratings have a strong level of board independence, defined as independent directors representing at least two-thirds of the board. Read more
Brookfield, Alterra Launch $5 Billion Emerging Markets Climate Transition Fund
Brookfield Asset Management (BAM) and UAE-backed climate investment platform ALTÉRRA announced the launch of the Catalytic Transition Fund, aimed at directing capital into clean energy and transition assets in underserved emerging economies. The new fund will apparently offer an opportunity to achieve greater emissions reductions per dollar invested than is available in developed markets, with emerging and developing countries outside of China receiving less than 15% of clean energy investment globally, despite representing nearly one third of global emissions. Read more
