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Amcor, a leader in responsible packaging, has announced two major executive appointments aimed at propelling organic growth and enhancing sustainability across its operations. Fred Stephan, former President of Amcor Flexibles...
The Science Based Targets Network (SBTN) has announced that Kering, GSK, and Holcim are the first companies to publicly adopt science-based targets for nature, addressing freshwater and land. These actions...
The International Public Sector Accounting Standards Board® (IPSASB®) has released a draft of the first climate-related disclosures standard tailored specifically for the public sector, backed by support from The World...
Allianz Trade has launched Surety Green2Green, a pioneering product designed to advance global sustainability efforts by supporting low-carbon technologies and renewable projects. Through this new solution, Allianz Trade issues surety...
1PointFive and Enterprise Partner on CO₂ Pipeline to Support Texas Carbon Sequestration Hub for Industrial Decarbonization Oxy’s 1PointFive, a leading company in carbon capture, utilization, and sequestration (CCUS), and Enterprise...
LGT Wealth Management, a top wealth manager in the UK, has appointed Phoebe Stone as its first Chief Sustainability Officer (UK), underscoring its commitment to sustainability and advancing its Net...
Morgan Stanley has revised its 2030 climate targets, setting sector-specific emissions reductions within a 1.5–1.7°C warming limit. This range acknowledges global challenges in meeting the 1.5°C target of the Paris...
Verdane, the European growth investment firm, has announced the final close of its Idun II fund at a €700 million hard cap, a significant milestone aimed at investing in businesses...
The UN-backed Net-Zero Asset Owner Alliance (NZAOA) reported a record $175 billion investment in climate-focused solutions by its members in 2023, marking a nearly 38% jump from the previous year’s...
Since its founding in 1997, the Cisco Foundation has been at the forefront of social impact, evolving from supporting local needs in the Bay Area to becoming a global force....
ACWA Power recently signed agreements exceeding $1.78 billion, focused on advancing renewable energy, battery storage, and R&D efforts across regions, including the Gulf, China, Central Asia, and North Africa. These...
The European Securities and Markets Authority (ESMA) has released its 2024 European Common Enforcement Priorities (ECEP) Statement, setting strict guidelines on corporate reporting requirements. This year’s priorities focus heavily on...
Ørsted has entered a strategic partnership with Brookfield Asset Management, its institutional affiliates, and Brookfield Renewable, who will acquire a 12.45% minority stake in four of Ørsted’s UK offshore wind...
As we have been discussing about sustainability and fosil sources it is timely where data is the new oil and computational power is its refinery. In this extend, parallel computing...
Key Impact Points Aviva Investors Launches Carbon Removal Fund Aviva Investors has launched an innovative Carbon Removal Fund (CRF) that offers institutional investors access to a range of high-integrity carbon...
Dow and Ambipar have joined forces to expand plastic materials recycling in Brazil. The partnership will drive polyethylene recycling from 2,000 tons to 60,000 tons per year by 2030, positioning...
Amazon’s Climate Pledge Fund (CPF) is expanding its sustainability investments with three new companies focused on critical climate issues—e-waste, carbon storage, and low-carbon construction. These investments support Amazon’s commitment to...
KKR and ECP’s $50B partnership will drive significant investment in data centers and power infrastructure, responding to the growing demand driven by AI and cloud computing. The strategic partnership combines...
Greenwashing Fears in Sustainability Reporting: CFOs and Investors Sound Alarm Concerns over the credibility of sustainability claims are growing, with 55% of CFOs surveyed in EY’s 2024 Global Corporate Reporting...
ESG demand outpacing preparedness According to the 2024 Future Ready Lawyer Survey by Wolters Kluwer, the legal industry is facing a sharp rise in demand for ESG-oriented services. The survey...
The ESG Data Landscape: As climate risks and policy shifts reshape the business environment, investors are under growing pressure to make decisions based on reliable ESG data. Polling at the...
Energy Transition Infrastructure: A Growing Investment Opportunity Since 2014, energy transition infrastructure has attracted $892 billion in capital commitments. Nearly a quarter of these funds have flowed into specialist funds,...
Key Impact Points: Majority of European Fund Assets Are Sustainability-Related Sustainability-related funds continue to represent the majority of European fund assets, totaling around EUR 8 trillion out of EUR 14...
PwC has made significant strides in its sustainability initiatives, achieving 95% renewable electricity usage in 2024 and a 71% reduction in Scope 1 and 2 greenhouse gas emissions from a...
Key Takeaways: MUFG Bank, Ltd. announced the launch of MUFG CashFolio™, a new liquidity trading portal developed in partnership with BNY Mellon. This online tool gives institutional clients greater access...
Lloyd’s and MIGA Boost Climate-Smart Agriculture with $1.2 Billion Guarantee Lloyd’s, the world’s leading insurance marketplace, announced a formal partnership with the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA)...
Key Impact Points: Finance chiefs globally are grappling with concerns over the integrity and reliability of nonfinancial data in corporate reporting, according to the 2024 EY Global Corporate Reporting Survey....
Key Impact Points: The Taskforce on Nature-related Financial Disclosures (TNFD) announced at COP16 in Cali, Colombia, that over 500 organizations have committed to aligning their risk management and corporate reporting...
Key Takeaways: The Green Climate Fund (GCF) has approved financing proposals totaling $2.687 billion for three multi-country programs: Greening Financial Systems, the Smart Resilient Agriculture Investment Fund, and the Resilient...
ERM, the world’s largest specialist sustainability consultancy, has secured the highest scores across all categories in new research by independent analyst firm Verdantix. Why it matters: As businesses increasingly prioritize...
Key Takeaways: Intercontinental Exchange, Inc. and Dun & Bradstreet Holdings, Inc. have announced plans to launch a new climate risk data service targeting a broad universe of public and private...
Key Impact Points: The News: New York City Comptroller Brad Lander has proposed a policy for the city’s public pension funds to cease future investments in midstream and downstream fossil...
Key Impact Points: KPMG in Singapore and ACCA have introduced an innovative ESG learning programme aimed at equipping both accountants and non-accountants with future-ready skills in environmental, social, and governance...
Key Impact Points: Levi Strauss & Co. (LS&Co.) has released its inaugural climate transition plan, outlining a clear roadmap to reduce greenhouse gas (GHG) emissions and achieve Net Zero status...
Welcome back to the ESG News Week In Review! To get ESG News’s full ‘ESG News Week In Review’ and ESG News Daily email newsletter, subscribe here. ESG NEWS SMART READ OF THE...
Follow ESG News on Linkedin On Monday, COP16 – the United Nations Biodiversity Conference of the Parties (COP) to the UN Convention on Biological Diversity – kicked off in Cali,...
In this video, Ceres Program Director Dan Saccardi joined ESG News CEO Matt Bird to discuss recent trends in ESG and corporate sustainability, identifying a move from goal setting to...
Mastercard, alongside Conservation International and the World Resources Institute, has expanded the Priceless Planet Coalition’s restoration portfolio with three new sites and the expansion of six existing projects. This marks...
Key Impact Points: The Science Based Targets initiative (SBTi) has launched a new website, www.sbtiservices.com, aimed at providing businesses and financial institutions with the resources and tools they need to...
Comcast Corporation has fully allocated its $1 billion green bond, as outlined in its 2024 Green Bond Report, with $995 million in net proceeds directed toward projects that enhance sustainability....
Key Impact Points: IBM announced that its Envizi ESG Suite has received Federal Risk and Authorization Management Program (FedRAMP) authorization. This milestone means that federal agencies can now use IBM’s...
Key Impact Points: Ebb Carbon has signed an agreement with Microsoft to remove up to 350,000 tonnes of CO2 over the next decade using Ebb’s innovative Electrochemical Ocean Alkalinity Enhancement...
Key Impact Points: MSCI Inc. has appointed Dr. Richard Mattison as Head of ESG and Climate, starting October 29. Mattison, who brings extensive experience in sustainable finance, will be responsible...
Key Impact Points: Morgan Stanley has partnered with Climeworks, a leader in carbon removal, to permanently eliminate 40,000 tons of CO₂ from the atmosphere. This partnership, which runs until 2037,...
Key Impact Points: KKR, a leading global investment firm, has signed an agreement to acquire a 25% stake in Enilive, Eni’s mobility transformation company, for €2.94 billion ($3.2 billion). This...
In this video, Ceres Program Director Dan Saccardi joined ESG News CEO Matt Bird to discuss recent trends in ESG and corporate sustainability, identifying a move from goal setting to...
Key Impact Points: Gevo, Inc. has secured a $1.46 billion loan commitment from the U.S. Department of Energy (DOE) Loan Programs Office for its Net-Zero 1 (NZ1) project in South...
Key Impact Points: Bureau Veritas has announced the acquisition of Aligned Incentives, an innovative leader in AI-powered sustainability planning solutions. This acquisition significantly enhances Bureau Veritas’ capabilities in Scope 3...
Key Impact Points: Saudi Arabia’s Ministry of Environment, Water, and Agriculture has secured SAR 37 billion ($9.8 billion) in private investments to advance the kingdom’s agriculture and food sectors. These...
Switzerland is leading the way in clean energy with a world-first project: the installation of removable solar panels on active railway tracks. Developed by start-up Sun-Ways in partnership with EPFL,...
Key Impact Points: The Saur Group, a global leader in the water sector, has announced the successful issuance of €500 million in Blue Bonds, becoming the first water player to...
Key Impact Points: Business momentum in measuring nature and biodiversity impacts is accelerating, according to CDP’s latest data. This progress comes as global leaders convene for COP16 in Colombia to...
Key Impact Points: The Saudi Power Procurement Company (SPPC) has shortlisted major global players, including Masdar, EDF, and TotalEnergies, for the fifth round of solar projects under the National Renewable...
Key Impact Points: The private equity (PE) industry is steadily advancing its sustainability efforts, driven by increasing investor expectations and the commercial benefits tied to ESG initiatives. With over $8.7...
Key Impact Points: The H&M Foundation has announced a significant strategic shift, now focusing on promoting just and fair climate solutions to achieve a net-zero textile industry by 2050. The...
Key Impact Points: The European Commission has selected 85 innovative net-zero projects to receive €4.8 billion in grants from the Innovation Fund, aiming to accelerate the deployment of cutting-edge clean...
3 Key Impact Points: European Firms Lead in Climate Investments European companies are at the forefront of climate mitigation and adaptation efforts, with 61% having already invested in tackling climate...
Key Impact Points: Scaling ESG Reporting for Venture Capital Financial technology specialists PortF have announced a new partnership with ESG_VC, an industry initiative supporting startups in measuring and improving their...
Key Impact Points: The Hong Kong Monetary Authority (HKMA) has unveiled its Sustainable Finance Action Agenda, setting a comprehensive vision to solidify Hong Kong’s role as the leading sustainable finance...
Key Impact Points: A New Path to Net Zero SAP SE has teamed up with Ambipar, a global leader in environmental solutions, to launch “Net Zero as a Service.” This...
Key Impact Points: The Impact Disclosure Taskforce, a market-led initiative co-chaired by J.P. Morgan and Natixis Corporate & Investment Banking, has released its final voluntary Impact Disclosure Guidance aimed at...
Key Impact Points: JPMorgan Chase & Co. has bolstered its climate advisory services by appointing Dr. Sarah Kapnick, former Chief Scientist for the U.S. National Oceanic and Atmospheric Administration (NOAA),...
The CSO at a Crossroads, a BSR report, highlights the evolving role of Chief Sustainability Officers (CSOs) as they face new pressures and opportunities. CSOs have transitioned from entrepreneurial pioneers...
Key Impact Points: Addressing Urban Heat Islands By 2050, two out of three people will live in or around cities, making it crucial to tackle climate challenges in urban areas....
Key Impact Points: The Securities and Exchange Commission (SEC) has charged New York-based investment adviser WisdomTree Asset Management Inc. with making misstatements and failing to comply with its own investment...
Key Impact Points: HKMC Sets New Benchmark in Social Bonds The Hong Kong Mortgage Corporation Limited (HKMC) has successfully concluded its third social bond issuance, raising around HK$23.8 billion (US$3...
Key Impact Points: Ernst & Young (EY) has released its new Environment Report, showcasing significant progress in sustainability and environmental impact. Notably, 61% of EY suppliers, based on FY24 spending,...
In this video, Arsalan Mahtafar, Executive Director of JPMorgan, joins ESG News CEO Matt Bird to discuss JPMorgan’s goals regarding the $10 billion of sustainable finance capital deployed and the...
Technology will be a defining theme of COP29. Will SAP’s New Carbon Data Sharing Platform become one of the world’s most valuable tool in the fight against climate change? Key...
Key Impact Points: The global transition to sustainability is being strongly influenced by the building products industry. According to a recent report from Morningstar Sustainalytics, nearly 90% of the 110...
Key Impact Points: The International Chamber of Commerce (ICC) has launched its Principles for Sustainable Trade Finance (PSTF) at Sibos 2024 in Beijing. Developed in partnership with industry leaders, including...
Key Impact Points: The Biden-Harris Administration has announced a $900 million funding opportunity aimed at supporting the deployment of Generation III+ small modular reactor (SMR) technologies. This investment, part of...
Key Impact Points: The UK government has appointed Ruth Davis OBE as the country’s first Special Representative for Nature, signaling its commitment to addressing the global biodiversity crisis. This announcement...
Key Impact Points: Mercedes F1 has successfully powered their 2024 European race season using HVO100 biofuel, achieving 98% coverage across race and marketing trucks, as well as generators. This initiative...
Key Impact Points: Standard Chartered has launched a sustainable finance variant of its Borrowing Base Trade Loan (BBTL), reinforcing its commitment to decarbonizing the commodity sector. The BBTL is a...
Welcome back to the ESG News Week In Review! To get ESG News’s full ‘ESG News Week In Review’ and ESG News Daily email newsletter, subscribe here. ESG NEWS SMART READ OF THE...
Marjella Lecourt-Alma, CEO of Datamaran, discusses their recent $33M fundraising with ESG News. Marjella outlines plans to use the funds to advance the energy transition through expanded AI-driven ESG solutions,...
Follow ESG News on LinkedIn This week’s header image is the biodiversity stripes. Similar to the climate stripes, it visually represents how biodiversity has collapsed in the last 50 years....
Key Impact Points: Why it matters: X-energy, a leader in advanced nuclear technology, secured $500 million in Series C-1 funding, anchored by Amazon. The investment will help accelerate the deployment...
Key Impact Points: Why it matters: Sustainable funds have surged to $3.5 trillion in AUM, even as inflows slow. The $20 billion in inflows recorded in the first half of...
Key Impact Points: Why it matters: Meta has joined the U.S. Department of Energy’s Carbon Dioxide Removal Purchasing Challenge, pledging $35 million for carbon removal projects. This is part of...
Key Impact Points: Why it matters: CalSTRS, a leader in sustainable investing, has awarded a significant $150 million mandate to Ninety One’s Global Environment strategy, reinforcing its commitment to investments...
Key Impact Points: Why it matters: Preserving the Amazon rainforest is critical to combating global warming, and carbon credits are a key part of the strategy. However, a lack of...
Key Impact Points: Why it matters: Nearly all of the 350 food and agriculture executives surveyed by Deloitte and NYU Stern Center for Sustainable Business (CSB) acknowledged the financial value...
Key Impact Points: Why it matters: With sustainability becoming a global priority, Oliver Wyman has strengthened its Climate & Sustainability practice in the Middle East, India, and Africa by appointing...
BlackRock Under Scrutiny for ‘Sustainable’ Investments ClientEarth, an environmental law organization, has taken legal action against BlackRock, the world’s largest asset management firm, for alleged greenwashing. The complaint, filed with...
Key Impact Points: Introduction of EnOS™ Ark On October 9, 2024, Univers, a leader in global decarbonization software, unveiled EnOS™ Ark, an all-in-one Software as a Service (SaaS) solution aimed...
3M is premiering a global docuseries, “Green Works,” to showcase the powerful role of green jobs in driving climate solutions. The series, produced in collaboration with Generous Films, features professionals...
Key Impact Points: Loan Guarantees Approved On October 16, 2024, the U.S. Department of Energy announced conditional loan guarantees totaling nearly $3 billion for two significant sustainable aviation fuel (SAF)...
Sustainability for All In a bid to promote sustainable development and uphold environmental commitments, the COP29 Azerbaijan Operating Company is launching an online sustainability training program. Crafted by experts from...
Key Impact Points: Bond Pricing and Details On October 15, 2024, the World Bank priced a 10-year GBP-denominated benchmark bond, raising £700 million to support sustainable development activities in its...
A Critical Report for Climate Action The Nature Positive for Climate Action report, developed by High-Level Climate Champions and CDP, offers a collection of 28 case studies that highlight the...
Amazon is accelerating its transition to carbon-free energy by investing in innovative nuclear power projects. The company has signed three new agreements to support the development of Small Modular Reactors...
In this video, Siemens Financial Services’ CEO, Anthony Casciano, joins ESG News to discuss ESG Tools and Partnerships and how access to these free ESG tools will have a material...
Key Impact Points: Why it matters: As global awareness of biodiversity loss grows, investors are looking for ways to assess and manage their exposure to nature-related risks. Bloomberg’s new data...
Key Impact Points: Why it matters: Germany, aiming to become climate-neutral by 2045, is taking bold steps to decarbonize its industries. The government’s $3.1 billion subsidies will support industrial companies...
Key Impact Points: Why it matters: eBay is scaling its Circular Fashion Fund (CFF) globally, with applications open until November 15, 2024. The fund will help innovative tech start-ups and...
Key Impact Points: Why it matters: Large companies in the EU must comply with the Corporate Sustainability Reporting Directive (CSRD) starting in 2025. Many struggle with managing sustainability data. IFS...
Key Impact Points: Middle East Sustainable Bond Market Overview According to the S&P Global Ratings Sustainability Insights: Middle East Sustainable Bond Issuance Trends Report, Middle East sustainable bond issuance reached...
Key Impact Points: Global Collaboration for Urban Climate Leadership Bloomberg Philanthropies announced its partnership with the Urban20 (U20) to support the upcoming U20 Summit in Rio de Janeiro, November 14-17,...
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