Justice spooned the cooked grits over a mousse featuring leftover truffle bits, then topped the plate with chestnut and maitake mushrooms grown nearby with help from the restaurant’s compost. Nearly every component of the dish incorporated ingredients that might otherwise have been tossed — though customers would hardly know it from the price of the multicourse menu, which can run up to $160 for an “omnivore” version that includes wagyu short rib and scallops courses.Everything on HAGS’ menu aims to be zer ...

#SustainableFinanceEU | What’s changed since ESMA issued its GLs on ESG and #sustainability terms in fund names?✅ Increased consistency in #ESG terms✅ Clearer signals & greater protection against greenwashing🟢 https://t.co/bknSKSM0Jq https://t.co/0SmWdd78fU ...

In 2004, the idea of personal carbon footprints was popularized by British Petroleum's rebranding effort beyond petroleum in a move widely acknowledged as an an attempt to shift blame and attention for the climate crisis away from oil and gas companies. Presumably, the theory was that if people spent more time worrying about leaving the AC running too long, they'd be distracted from effectively regulating and penalizing BP's massive contribution to the rising global thermostat. But even as at like a larger ...

Core Insights - The solar industry is experiencing significant growth, driven by decreasing costs and increased demand, particularly in China, the US, India, and Brazil [3][6][10] - Renewables have overtaken coal in power generation for the first time, with solar, wind, and hydropower accounting for 34% of generation compared to coal's 31% [10][11] - The global power industry saw a decline in the number of deals but an increase in total deal value, particularly in North America [26][27] Group 1: Solar Industry Developments - Solar module prices have decreased, with average project costs dropping 81% since 2010 and expected to fall another 21% in the next five years [1] - The solar supply chain is currently oversupplied, with production capabilities nearly double the demand for polysilicon, wafers, cells, and modules [2] - GlobalData projects that global solar capacity will reach nearly 3 terawatts (TW) by the end of 2025 and exceed 8 TW within the next decade [6] Group 2: Renewable Energy Trends - Renewables accounted for nearly half of the cumulative capacity mix this year, with solar PV contributing 64.1% and wind 16.4% [4] - Despite challenges, renewables continue to expand due to entrenched economics and supportive policies, with long-term frameworks like the US Inflation Reduction Act and EU Green Deal fostering project pipelines [11] - Coal remains a significant source of electricity, projected to contribute 85% of South Africa's power mix in 2025, highlighting the uneven pace of the transition [14] Group 3: Market Dynamics and Employment - The global power industry recorded 16% fewer deals in 2025 compared to 2024, but total deal value surged by 15%, with North America leading in both deal count and value [26][27] - Employment in the power sector saw dramatic fluctuations, peaking in Q1 and declining through Q4 due to various pressures, including regulatory changes and weather conditions [33][36] - Job postings related to tariffs increased by 657%, reflecting the impact of US trade policies on the energy market [37]

Core Viewpoint - Som Seif, founder of Purpose Investments, is facing allegations from the Ontario Securities Commission (OSC) regarding false or misleading statements related to environmental, social, and governance (ESG) factors in investment decisions, marking the OSC's first enforcement action against greenwashing [2][5][12] Company Overview - Purpose Investments manages approximately C$26 billion (US$18.6 billion) in assets and has gained attention due to Seif's public persona and marketing strategies [3][8] - The firm has been recognized for launching innovative financial products, including Canada's first physical Bitcoin ETF and high-interest savings ETFs [9] Regulatory Action - The OSC alleges that Purpose made at least 19 misleading statements about its ESG practices between September 2019 and March 2022, claiming that only 35% of its assets considered ESG factors, contrary to its assertion of 75% [11][12] - Potential penalties for Purpose could reach C$5 million for each of five alleged violations, with remedies ranging from procedural changes to a permanent ban on Seif's registration [12][13] Industry Context - The OSC's action reflects a broader push for more stringent enforcement of ESG-related claims, as the regulator aims to enhance its visibility and impact in the industry [4][16] - The case has drawn mixed reactions from industry experts, with some expressing surprise at the OSC's focus on Purpose, especially since the firm voluntarily ceased certain ESG claims in 2023 [5][12] Future Implications - Regardless of the outcome, the OSC's actions signal a commitment to scrutinizing ESG disclosures and holding firms accountable for misleading statements [19][20] - The case may set a precedent for future enforcement actions in Canada, particularly in the realm of ESG marketing and compliance [19]

Som Seif, the entrepreneur bent on disrupting Canada’s financial industry, has found himself at the center of an unprecedented showdown with the country’s top markets watchdog over greenwashing claims https://t.co/PzKPt6V7DS ...

Market Trends - The carbon credits market is quietly staging a comeback after facing allegations of greenwashing a few years ago [1]

Core Insights - The current sentiment among investors is mixed, with some feeling pessimistic due to geopolitical dynamics and climate risks, while others see opportunities for investment in climate adaptation and resilience [2][9][10] Climate Change and Investment - Global warming is projected to reach 3.6 degrees Celsius by the end of the century if current trends continue, highlighting the urgency of addressing climate risks [3] - Despite rising absolute emissions, carbon intensity has decreased by 20% for global indices last year, indicating a shift towards corporate climate objectives, especially in Europe where over 60% of market capitalization is aligned with climate goals [6][7] Geopolitical Dynamics - Geopolitical tensions, particularly between the US and other regions like Europe and China, are influencing energy policies and investment strategies, with a focus on energy self-sufficiency and national security [14][16][19] - The shift in US political sentiment regarding climate change has created uncertainty for investors, particularly those reliant on current policies [13][9] Market Trends and Opportunities - There is a growing recognition of the need for strategic autonomy in energy, which is driving investment allocation towards climate objectives and industrial plans [8] - The demand for transparency in asset management is increasing, with institutional investors seeking alignment with sustainability credentials of asset managers [22][25] Physical Risk and Adaptation - Physical climate risks are becoming a major concern for investors, affecting insurance rates and prompting discussions on resilience and adaptation strategies [46][49] - The conversation around adaptation financing is still in early stages, but there is potential for private capital to be allocated alongside public funding to address these challenges [51][54] Conclusion - The complexity of climate-related investment requires a nuanced understanding of both physical risks and geopolitical factors, with a focus on long-term strategies rather than short-term gains [35][40][41]

Core Insights - 82% of organizations plan to increase investment in environmental sustainability over the next 12–18 months as a core strategy for future-proofing [1] - Three-quarters of organizations view sustainability as essential for long-term competitiveness, innovation, and resilience, despite a gap between perceived preparedness and actual resilience [1][2] - Compliance with regulations is the primary driver for sustainability initiatives, followed by business value factors such as profitability and operational efficiency [2] Investment Trends - More than 80% of organizations are increasing their sustainability investments, an increase of 8 percentage points from the previous year [2] - Only 21% of organizations have developed detailed transition plans with interim targets and capital allocation, indicating a lack of concrete action [2] Climate Impact and Preparedness - Over 70% of executives report supply chain disruptions due to climate impacts, with many feeling underprepared for climate change effects [3] - Only 38% of organizations are upgrading infrastructure, 31% are shifting production to less climate-vulnerable regions, and 26% are redesigning products [3] Business Value and Leadership Perspectives - Business leaders recognize sustainability as a core driver of business value, but many face challenges due to global uncertainty and budget constraints [4] - There is a call for a pragmatic approach to implement concrete transition and adaptation measures to build resilience and foster innovation [4] AI and Sustainability - Nearly two-thirds of executives report using AI to support sustainability goals, but there is growing concern about the environmental impact of generative AI [5] - The belief that the benefits of generative AI outweigh its environmental costs has decreased from 67% in 2024 to 57% in 2025 [5] Consumer Sentiment - Consumer skepticism is rising, with 62% believing companies engage in greenwashing, up from a third in 2023 [6] - More than 75% of consumers feel corporations should do more to reduce greenhouse gas emissions, highlighting the need for transparent sustainability communication [6]

Core Viewpoint - The Ontario Securities Commission (OSC) is taking enforcement action against Purpose Investments Inc. for allegedly misleading claims regarding its incorporation of environmental, social, and governance (ESG) factors in its investment processes [1][3]. Group 1: Allegations and Findings - The OSC alleges that Purpose Investments made misleading statements about its ESG practices between September 2019 and March 2023, claiming to embed ESG principles across its entire investment process [1][2]. - The OSC identified at least 19 instances where Purpose and its founder, Som Seif, marketed their ESG credentials, including on the company's website and in media interviews [2]. - The OSC claims that Purpose did not consider ESG factors in investment decisions for many of its funds and lacked a formal ESG policy [3]. Group 2: Financial Discrepancies - According to the OSC, less than 35% of Purpose's assets under management considered ESG factors in 2019, despite the company claiming that the percentage was 75% [3]. Group 3: Company Response and Context - Purpose Investments is contesting the enforcement action, with a hearing scheduled for October 6 [3]. - Som Seif stated that the OSC's allegations do not indicate investor harm or prospectus violations and that the case is not based on investor complaints [4]. - In 2023, Purpose updated its disclosures to clarify which of its funds were classified as ESG following a request from the OSC [5]. - Seif expressed surprise at the OSC's decision to pursue enforcement action, describing it as targeting something minimal [6][7].