ESG round-up: New UK PM raids climate finance budget to fund bus fare cap

Published on July 22, 2026

New UK PM raids climate finance budget to fund bus fare cap – UBP drops SBTi target for investee firms – UNEP FI launches sustainability risk framework for banks.

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Investors back European Commission on methane regulation updates

July 22, 2026
Energy security and geopolitical uncertainty flagged as reasons for welcoming flexibility on compliance requirements for oil and gas importers.

Iberdrola Acquires Finland’s Largest Electricity Distribution Company at €5 Billion Valuation

July 22, 2026
Global energy and electricity provider Iberdrola announced the acquisition of an 80% stake in Caruna, the largest electricity distribution company in Finland, in a deal valuing the company at an enterprise valuation of €5 billion.The transaction marks Iberdrola’s entry into Finland, and follows the launch by the Spain-based energy giant last year of electrification-focused plans to invest €58 bill