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Incofin advances clean water mission with successful EUR 61 million fund close

Stuart Mitchell

Incofin Investment Management, a global leader in impact investing, announces the final close of the Water Access Acceleration Fund (W2AF) at approximately EUR 61 million in committed capital, exceeding its original target of EUR 50 million.  As the first private equity fund dedicated to improving drinking water access, Incofin seeks to bridge critical financing gaps across the water value chain globally. Despite a challenging fundraising environment, the fund successfully attracted a broad group of committed impact investors, including international development finance institutions, foundations, family offices, and private investors.  What industry…

SBTi Opens Consultation on New Standard to Accelerate Automotive Industry’s Net-Zero Transition

Stuart Mitchell

The Science Based Targets initiative (SBTi) recently launched a 60-day public consultation on its draft SBTi Automotive Sector Net-Zero Standard. The proposed Standard represents a comprehensive framework specifically designed for the automotive sector—which is responsible for over 20% of global man-made greenhouse gas emissions and vulnerable to climate related risks spanning supply chain disruption to increased investor scrutiny. The Standard is aligned with the draft Corporate Net-Zero Standard Version 2, which defines broader  cross-sector requirements. The SBTi will ensure consistency between both evolving Standards, giving companies a clear structure that…

Charities need consistency in financial thresholds, says RSM UK

Stuart Mitchell

In response to the Department for Culture, Media and Sport’s (DCMS) consultation on financial thresholds in charity law and whether they should be increased in line with inflation, RSM UK says charities need consistency in financial reporting obligations, and requirements should be proportionate to the size of the charity. Nick Sladden, partner and head of charities at RSM UK, said: “We welcome the government’s commitment to review these thresholds at least every 10 years, but it’s crucial this is upheld to ensure out of date regulations are not being relied…

Macron joins Lula to Take a Stand Against Climate Disinformation

Stuart Mitchell

Last Month France and Brazil published the “Joint France-Brazil press release: accelerating climate action.” Within this significant declaration aimed at bolstering global climate efforts, they also expressed firm support for upholding information integrity in the fight against climate change. The two nations explicitly called on other countries to join efforts to “combat climate disinformation,” under the Global Initiative for Information Integrity on Climate Change, highlighting the necessity of a united front against false or misleading narratives.  “We call on other countries to join our efforts to combat climate disinformation and…

Civil Society Calls for Plastic Production Cuts on World Environment Day

Stuart Mitchell

On last months World Environment Day, civil society leaders around the world are holding participating countries accountable to their shared commitment to ratify a plastics treaty that targets the full lifecycle of plastics– including production.  The theme of this year’s World Environment Day is #BeatPlasticPollution, a campaign led by the United Nations Environment Programme (UNEP). The choice of this theme is particularly timely given that what is hoped to be the final round of negotiations for an international plastics treaty will be held later this year, on August 5-14 in…