Focused on the Climate–Nature Nexus., Carbon Tracker Initiative

Carbon Tracker Initiative

Focused on the Climate–Nature Nexus.

Carbon Tracker and Planet Tracker - part of the Tracker Group - are award-winning, non-profit financial think tanks focused on the climate–nature nexus.

Thematic (Sector/Industry)

<ul>
<li>This report analyses 17 of the world’s largest automakers and identifies a systemic “Carbon Gap” between reported Scope 3 Category 11 emissions and estimated real-world lifecycle emissions.</li>
<li>Across the sector, Carbon Tracker estimates a median reporting gap of 33%, driven by differences between corporate reporting assumptions and real-world vehicle emissions.</li>
<li>Adjusted emissions estimates suggest several automakers are as carbon intensive as traditional oil and gas companies.</li>
</ul>


This report analyses 17 of the world’s largest automakers and identifies a systemic “Carbon Gap” between reported Scope 3 Category 11 emissions and estimated real-world lifecycle emissions.
Across the sector, Carbon Tracker estimates a median reporting gap of 33%, driven by differences between corporate reporting assumptions and real-world vehicle emissions.
Adjusted emissions estimates suggest several automakers are as carbon intensive as traditional oil and gas companies.


Energy Transition: Oil Companies in Disguise

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>How Mercedes, BMW and Audi Hope to Win Back China For decades, Germany’s luxury car triumvirate — Mercedes-Benz Group AG, BMW AG and Audi AG — reigned supreme in China, leveraging their mastery of the internal combustion engine to lock down the high-end segment of the world’s largest car market.</li><li>Analysis: China’s AI Boom Masks a Deepening Economic Divide As artificial intelligence (AI) emerges as a powerful engine for China’s exports and industrial profits, economists warn that the boom could exacerbate deep-seated structural inequalities.</li><li>Online Broker Futu Sued in U.S. Over Undisclosed China Regulatory Risks</li></ul>

How Mercedes, BMW and Audi Hope to Win Back China For decades, Germany’s luxury car triumvirate — Mercedes-Benz Group AG, BMW AG and Audi AG — reigned supreme in China, leveraging their mastery of the internal combustion engine to lock down the high-end segment of the world’s largest car market.Analysis: China’s AI Boom Masks a Deepening Economic Divide As artificial intelligence (AI) emerges as a powerful engine for China’s exports and industrial profits, economists warn that the boom could exacerbate deep-seated structural inequalities.Online Broker Futu Sued in U.S. Over Undisclosed China Regulatory Risks

CX Daily: How Mercedes, BMW and Audi Hope to Win Back China 

Index Rebalance and Special Situations, Quiddity Advisors

Afridi Reyal

Index Rebalance and Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The ES50 Index is one of the most highly-tracked European indices and the annual index review takes place in September every year.</li>
<li>The results of the market consultation were announced on 2nd October 2026, and three methodology changes will be phased in between September 2027 and September 2029.</li>
<li>There could be 3 ADDs and 3 DELs to the index if the supersector coverage removal were applied to the latest rankings.</li>
</ul>


The ES50 Index is one of the most highly-tracked European indices and the annual index review takes place in September every year.
The results of the market consultation were announced on 2nd October 2026, and three methodology changes will be phased in between September 2027 and September 2029.
There could be 3 ADDs and 3 DELs to the index if the supersector coverage removal were applied to the latest rankings.


Quiddity ES50 Sep27: Market Consultation Impact; Supersector Test Over; Big Names In by 2029

Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/samsung-sdi-co-ltd" target="_blank" data-smartkarma-citation="entities:503:1" rel="noopener">Samsung SDI (006400 KS)</a> returned to profitability earlier than expected, thanks to the pivot to AI data center back up system and key EV partnerships. </li>
<li>Contrary to popular belief, the AMPC (credit for being green in the US), is still active and contributed to SDI's bottom meaningfully. </li>
<li>As the valuation is relatively depressed right now, we should expect some sort of the Value Up program to kick in and the share price should re-rate. </li>
</ul>



Samsung SDI (006400 KS) returned to profitability earlier than expected, thanks to the pivot to AI data center back up system and key EV partnerships. 
Contrary to popular belief, the AMPC (credit for being green in the US), is still active and contributed to SDI's bottom meaningfully. 
As the valuation is relatively depressed right now, we should expect some sort of the Value Up program to kick in and the share price should re-rate. 


Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Gan & Lee Pharmaceuticals / Technical Analysis

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment</li>
<li>Short-Term supports to watch on ACWI-US continue to be $132 (testing now), $130, $128, $125-$126, and $123-$123.50. All signs point to the ACWI-US uptrend continuing for the foreseeable future.</li>
<li>Upgrading China to Overweight; Europe Breaking Out; Japan Also Remains Attractive. Buys in Consumer Discretionary (primarily autos/parts), Industrials, Services, Health Care, Materials, Financials, and Real Estate</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment
Short-Term supports to watch on ACWI-US continue to be $132 (testing now), $130, $128, $125-$126, and $123-$123.50. All signs point to the ACWI-US uptrend continuing for the foreseeable future.
Upgrading China to Overweight; Europe Breaking Out; Japan Also Remains Attractive. Buys in Consumer Discretionary (primarily autos/parts), Industrials, Services, Health Care, Materials, Financials, and Real Estate


Upgrading China to Overweight; Europe Breaking Out

Germany

Bayerische Motoren Werke Aktiengesellschaft (BMW) manufactures and sells cars and motorcycles. The Company offers convertible sports cars, sedans, and touring motorcycles with large displacement engines. BMW serves customers worldwide.

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Bayerische Motoren Werke (BMW) (BMW GR)

Energy Transition: Oil Companies in Disguise

This report analyses 17 of the world’s largest automakers and identifies a systemic “Carbon Gap” between reported Scope 3 Category 11 emissions and...

Carbon Tracker Initiative

CX Daily: How Mercedes, BMW and Audi Hope to Win Back China

How Mercedes, BMW and Audi Hope to Win Back China For decades, Germany’s luxury car triumvirate — Mercedes-Benz Group AG,...

Caixin Global

Quiddity ES50 Sep27: Market Consultation Impact; Supersector Test Over; Big Names In by 2029

Removing the supersector rule is a HUGE change to the index. Société Générale, ASM International and Assicurazioni Generali are the biggest...

Afridi Reyal

Samsung SDI (006400): Re-Rate Soon

Samsung SDI returns to profit sooner than expected thanks to the pivot to AI data center and new signing of auto customer. With a depressed...

Henry Soediarko

Upgrading China to Overweight; Europe Breaking Out

Upgrading China to Overweight. Europe Breaking Out. Japan Remains Attractive. All signs point to the $ACWI uptrend continuing for the foreseeable...

Vermilion Research

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