Amundi Reclassifies Almost All of its $45 Billion Article 9 Funds to Lower Sustainability Level
Amundi has decided to reclassify almost all of its sustainable investment funds under the EU’s Sustainable Finance Disclosure Regulation (SFDR) to the less stringent Article 8 level as opposed to level 9 before. The move is a result of uncertainty around the regulation’s compliance requirements, especially what is considered “sustainable.” Read more
Google to Reach 90% Carbon Free Energy in UK and Spain Through New Wind & Solar Deals
Google announced two new renewable energy power purchase agreements in the UK and Spain, which will enable the company to operate at or near 90% carbon-free energy (CFE) in each region by 2025. The agreements include deals to purchase 100 MW of offshore wind from ENGIE in the UK, and 149 MW of solar energy from ib vogt in Spain. Read more
