Costco to Set New Emission Cut Targets in Deal with Activist Firm
Costco Wholesale Corp will set new targets by next year to cut its greenhouse gas emissions, according to an activist investment firm that said the retailer had been a laggard on
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Author: ESG News
ESG News
ESG News provides full-length coverage of ESG events, trends, policies and thought-leaders shaping business today.
Turkey Raises Greenhouse Gas Emission Reduction Target for 2030
Turkey will aim to bring its greenhouse gas emissions 41% below business-as-usual levels by 2030, raising the target from 21%, Environment Minister Murat Kurum said on Tuesday. Greenhouse gas emissions
The EU and International Partners Launch Just Energy Transition Partnership with Indonesia
President of Indonesia Joko Widodo, President of the European Commission Ursula von der Leyen on behalf of the EU, and leaders of the International Partners Group (IPG), co-led by the United States
Egypt Signs Framework Deals in Bid to Launch Hydrogen Industry
Egypt signed eight framework agreements on Tuesday to develop green hydrogen and ammonia projects, saying it aimed to become a hub for hydrogen production and win 5% of the global
EU Commission Issues €6 Billion NextGenerationEU Green Bond and Raises €2.5 Billion To Support Ukraine
The European Commission has issued a further €8.5 billion, of which €6 billion through a NextGenerationEU green bond for its recovery programme and €2.5 billion to support Ukraine under the
Idemitsu to Invest $5 Billion in Next 3 Years to Drive Energy Transition
Japan’s No.2 oil refiner Idemitsu Kosan Co said on Wednesday it will invest 690 billion yen ($5 billion) over the next three years to March 2026 to step up its energy
pulsESG partners with Workday Ventures for ESG Performance Management and Disclosure Solution
pulsESG, a public benefit corporation dedicated to empowering purpose-driven enterprises to manage and improve their environmental, social and governance (ESG) footprint, has announced that it has received a strategic investment
United Becomes First U.S. Airline to Invest in Biofuel Refinery
NEXT’s flagship facility will provide a unique strategic location and assets to distribute biofuel throughout the West Coast, could increase United’s sustainable aviation fuel supply United has invested in more
BMW Group Secures CO2-Reduced Steel for Global Production Network
The BMW Group is systematically pursuing its climate goals for the supplier network and significantly reducing the carbon footprint of its steel sourcing. Following initial contracts with European suppliers, the
Ford Announces Partnership with Manufacture 2030 to Enhance Supply Chain Sustainability
Ford Motor Company and Manufacture 2030 announced a strategic partnership to help Ford’s suppliers meet their carbon reduction targets toward Ford’s goal of reaching carbon neutrality no later than 2050
Iberdrola Presents Ambitious Climate Action Plan for COP27
Iberdrola has presented its Climate Action Plan at COP27 in Sharm el Sheikh (Egypt), the most ambitious presented by a company at the Summit, which brings forward the goal of carbon neutrality of generation plants, its
Barclays Pilots Greener Home Reward to Support Energy Efficiency-Related Home Improvements
With energy usage a top priority for many households, three quarters (75 per cent) of homeowners intend to make energy efficiency-related changes to their homes, with the vast majority (90 per
Trane Sources Low Carbon Steel for HVAC Products
First in HVAC industry to announce purchase agreements with two major U.S. steel companies Trane Technologies, a global climate innovator, announced it will further reduce the carbon impact of its
Inpex to Trial Blue Hydrogen and Ammonia Production in Japan
INPEX CORPORATION announced it has taken a final investment decision on drilling operations and the construction of facilities associated with a demonstration “Kashiwazaki Clean Hydrogen/Ammonia Project” to be implemented at
BBVA Places CHF 425 Million of A Senior Preferred Green Bond
BBVA placed CHF 425 million of a senior preferred bond issue today. The labeled green bond is divided into two tranches with maturities of three and six years. The first
DHL and FMACM Unveil ‘One Planet’ Sustainable Fashion Collection
DHL and FMACM, the Chinese fashion brand, have launched the exclusive ‘One Planet’ clothing collection. The collection inspires to understand and advocate the concept of sustainable fashion and includes eye-catching
World Bank Group Announces International Low-Carbon Hydrogen Partnership
On Energy Day at COP27, the World Bank Group announced the creation of the Hydrogen for Development Partnership (H4D), a new global initiative to boost the deployment of low-carbon hydrogen
RBC Expands Sustainable Finance Product Suite for Businesses
Offerings include risk-sharing solution with EDC, will support corporate banking clients in advancing their sustainability goals while delivering on RBC’s commitment to provide $500 billion in sustainable finance by 2025 Royal Bank
Carlyle Launches Renewable Energy Development Platform Telis Energy in Europe
Global Investment firm Carlyle announced the launch of Telis Energy, a newly created renewables platform to develop renewable energy projects, with a focus on solar, in the UK, France, Spain,
Islamic Development Bank Institute Showcases Solutions to Address Climate Challenges at COP27
Dr. Suleman shared the IsDBI’s latest insights from its flagship study, “Reaching the SDGs: Progress of the IsDB Member Countries 2022” The Islamic Development Bank Institute, the knowledge beacon of
