Today’s ESG Updates
- Sustainable Investing Grows, Driven by Gen Z and Millennials: 88% of global investors are interested in sustainable investing, with 99% of Gen Z leading.
- Shell’s Q1 Profit Drops 28%, Maintains $3.5B Buyback: Q1 profit at $5.58B, continuing its $3.5B share buyback.
- UK to Install Solar Panels on Most New Homes by 2027: Solar panels to save £440/year for new homeowners.
- Oil Prices Rise on China-US Talks, Trump Warns on Iran: Oil prices up after trade talk hopes and sanctions threats.
Featured ESG Tool of the Week:
Klimado – Navigating climate complexity just got easier. Klimado offers a user-friendly platform for tracking local and global environmental shifts, making it an essential tool for climate-aware individuals and organizations.
Sustainable investing surges, led by Gen Z and Millennials
According to Morgan Stanley’s latest Sustainable Signals report, 88% of global investors are interested in sustainable investing, with Gen Z (99%) and Millennials (97%) leading. 59% plan to increase allocations in the next year, driven by confidence in returns. Clean energy and energy efficiency top investment themes, with over 80% seeing energy transition as profitable. Younger investors prioritize broader ESG issues, influencing advisor selection 96% of Gen Z and 92% of Millennials prefer advisors offering sustainable options.
***
Further reading:88% of Global Investors Show Interest in Sustainable Investing: Morgan Stanley Survey
UK to install solar panels on nearly all new homes by 2027 to cut energy bills
The UK government plans to install solar panels on nearly all new homes in England by 2027, aiming to reduce energy bills by over £440 annually and support net-zero goals. Builders will be required to add solar panels to new homes, with 80% of homes receiving panels covering 40% of their roof. Although the installation will add £3,300-£4,000 to building costs, it will improve energy efficiency and reduce long-term expenses, with 40% of new homes currently equipped with solar panels.
Photo Credit: Wikimedia Commons
***
Further reading: UK Govt. to Bring Solar Panels to all Homes by 2027
Shell reports 28% drop in Q1 profit, maintains $3.5B share buyback amid lower oil prices
Shell reported a 28% drop in Q1 net profit to $5.58 billion, beating expectations. Despite falling oil prices and lower refining margins, it continued its $3.5 billion share buyback program for the fourteenth consecutive quarter. The company’s gearing ratio of 18.7% is lower than BP’s 25.7%. Shell’s refining margin dropped to $6.2 per barrel, and its gas trading business remained stable. The company maintained its $20-$22 billion investment budget for 2023, focusing on shareholder returns.
Photo Credit: Wikimedia Commons
***
Further Reading: Shell Q1 profit drops 28%, but beats expectations
Oil prices rise as China signals willingness for US talks and Trump warns on Iranian oil
Oil prices rose in early Asian trading on Friday, with Brent crude up 0.6% to $62.51 per barrel and US WTI crude at $59.62, following China’s willingness to engage in talks with the US, easing trade war tensions. Concerns over a potential recession and oil demand had weighed on prices, but renewed optimism supported sentiment. Additionally, US President Trump’s threat of secondary sanctions on Iranian oil buyers raised fears of tighter supplies, further bolstering oil prices.
Photo Credit: Wikimedia Commons
***
Further reading: Oil edges up as China opens door for trade talks with US
Editor’s Note: The opinions expressed here by the authors are their own, not those of impakter.com — Cover Photo Credit: Wikimedia Commons
