Category: Climate
H&M Group achieved the highest score out of all the 43 brands included, with an overall score B-. The environmental advocacy organisation’s annual report rates fashion brands on five areas...
The World Business Council for Sustainable Development (WBCSD) is pleased to announce that the Bezos Earth Fund has awarded USD $9.25 million to the Greenhouse Gas Protocol (GHG Protocol), which is co-convened by the World...
BHP has signed an agreement for piloting of carbon capture and utilisation technology with China’s HBIS Group Co., Ltd (HBIS), one of the world’s largest steelmakers and a major iron...
The World Bank approved $82 million to support the Climate-Resilient and Inclusive Livelihoods Project (ProClimat Congo) in the Republic of Congo. The total amount includes a $70 million loan from...
GE Gas Power, part of GE Vernova and Svante announced a joint development agreement (JDA) to develop and evaluate solid sorbent-based carbon capture technology for natural gas power generation applications....
EU Parliament and Council reached a deal on cleaner maritime fuels, asking to cut ship emissions by 2% as of 2025 and by 80% as of 2050, to help the...
Bipartisan Infrastructure Law Funding Will Support Energy and Water Conservation Measures to Reduce Emissions From Government Facilities The Biden-Harris Administration, through the U.S. Department of Energy (DOE), announced $250 million...
BHP and global engineering, project management and professional services firm, Hatch, have signed an agreement to design an electric smelting furnace pilot (ESF) plant in support of a decision to...
The European Central Bank (ECB) has published its first climate-related financial disclosures, which provide information on its portfolios’ carbon footprint and exposure to climate risks, as well as on climate-related...
Insurance coverage to be contingent on client adoption of evidence-based plans to reduce methane emissions Chubb will not underwrite oil and gas extraction projects in government-protected conservation areas that do...
Carbon markets hold steady amid energy cost surges, finds the International Carbon Action Partnership (ICAP)’s Emissions Trading Worldwide Status Report for 2023. The world’s emissions trading systems (ETSs) were largely...
TotalEnergies’ stays the course on its multi-energy strategy balancing profitable growth and sustainable development, and strengthens its emission reduction objectives To mark the publication of its Sustainability & Climate – 2023...
A year ago, the Supervisory Board of voestalpine AG gave the green light to conduct the preliminary work for climate friendly steel production in Austria. This is now at an...
Following successful testing of its first Direct Air Capture (DAC) prototype unit for carbon dioxide (CO2) removal in the lab, GE announced it is planning larger scale demonstrations in 2024....
New technology is a key to helping NASA advance its long-term exploration goals for the benefit of all. To support its effort, the agency announced Thursday it will create two...
The Bezos Earth Fund announced $34.5 million in grants as part of its $10 billion commitment to fight climate change and protect nature, supporting transformative work to improve greenhouse gas...
South Korea revised down its 2030 targets for reducing greenhouse gas emissions in the industrial sector on Tuesday but maintained its national goal of cutting emissions by 40% of 2018...
Practical Farmers of Iowa, Soil and Water Outcomes Fund, and the Illinois Corn Growers Association partner with PepsiCo to drive adoption of regenerative agriculture practices and reduce carbon emissions PepsiCo announces...
Exposure to climate change risk is the fastest growing threat to businesses, say EU CEOs. Nearly a quarter (24%) of EU CEOs believe their companies will be highly or extremely...
During an event held in New York, Kering announced a commitment to reduce its absolute greenhouse gas emissions by 40% by 2035, on a 2021 baseline. This new target covering...
British Columbia’s decision this week to toughen emissions standards for new liquefied natural gas (LNG) projects creates one of the most robust climate plans in North America, but sets a...
Shell plc has published its Energy Transition Progress Report 2022, which shows it has again met its climate targets as part of its energy transition strategy. The report will be...
MSC and the Global Centre for Maritime Decarbonisation (GCMD) have announced the signing of a five-year Impact Partnership agreement. This agreement sees MSC, the world’s largest shipping line combine forces...
Climate Transition Plan outlines near-term actions, value chain collaboration and joint advocacy to drive circularity and decarbonization Ball Corporation released its new Climate Transition Plan, which outlines the company’s pathway and...
Battelle and a team of leading technology developers have submitted a proposal to the U.S. Department of Energy (DOE) for funding from the Bipartisan Infrastructure Law’s Regional Direct Air Capture (DAC) Hubs program....
The OPEC Fund for International Development (the OPEC Fund) has approved more than US$300 million in new financing in the first quarter of 2023, reflecting the institution’s commitment to fulfilling its Climate...
Corteva Inc., Bunge and Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, announced a commercial collaboration to introduce proprietary winter canola hybrids that produce plant-based oil with a lower carbon...
New law raises the EU carbon sinks target for the land use and forestry sector, which should reduce greenhouse gases in the EU in 2030 by up to 57% compared...
EU Parliament adopted draft measures to increase the rate of renovations and reduce energy consumption and greenhouse-gas emissions on Tuesday. The proposed revision of the Energy Performance of Buildings Directive...
The U.S. Department of Energy (DOE) announced nearly $47 million in funding for 22 research projects to advance the development of new and innovative measurement, monitoring, and mitigation technologies to...
This report sets out the Bank’s latest thinking on climate-related risks and regulatory capital frameworks. The report includes updates on: capability and regime gaps; capitalisation timelines; and areas for future...
The European Investment Bank (EIB) has granted a €300 million loan to novobanco to facilitate the financing of projects undertaken by SMEs (firms with up to 250 employees), MidCaps (firms with up...
Britain will invest 20 billion pounds ($24 billion) over the next 20 years in projects to capture and store carbon dioxide (C02), the government said on Friday, as part of...
Purolator announced it expects to invest approximately $1 billion to electrify its Canadian network over the next seven years. This includes a plan to purchase more than 3,500 fully electric...
Three major groups are joining forces to fight climate change and launch the European Clean Transport Network Alliance (ECTN Alliance), a concrete solution to decarbonize road freight transport. Mobilizing the...
Funding from President Biden’s Clean Energy Plan Will Create New Economic Opportunities Across the Nation and Bolster American Industrial Leadership Globally The Biden-Harris Administration, through the U.S. Department of Energy...
Verizon announced that the Climate Resilience Prize, an initiative focused on recognizing and propelling climate resilience solutions, will continue for a second year in partnership with GreenBiz and Resilient Cities Network,...
Global power and technology leader Cummins Inc. announced the launch of Accelera by Cummins, a new brand for its New Power business unit. Accelera provides a diverse portfolio of zero-emissions...
The African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable) has successfully launched an AUD 50 million 15-year Kangaroo Green Bond due March 2038. The new issuance was arranged...
South Korea’s national pension fund will consider climate change as part of its stewardship activities going forward, the welfare ministry said on Tuesday. A panel that oversees the National Pension...
However, 85% are concerned they do not have the right technology in place to meet ESG reporting requirements A new survey released by PwC US and Workiva Inc. finds 70%...
Agreement enables pilot testing to more quickly scale-up deployment of Direct Air Capture solutions Baker Hughes, an energy technology company, and HIF Global, the world’s leading eFuels company, announced Tuesday their...
Climate change and the global response to the threats it poses have the potential to significantly impact the safety and soundness of the Canadian financial system. Today, the Office of...
The Financial Education & Research Foundation, the independent non-profit research affiliate of Financial Executives International, has released the findings of its latest Environmental, Social, and Governance report, How Finance Will Transform...
Extreme weather caused by climate change could cost Germany up to 900 billion euros in cumulative economic damage by mid-century, a study showed on Monday, as Europe’s biggest economy seeks...
RBC has shared updates on its purpose-driven approach to helping clients thrive and communities prosper through the release of three key reports. These reports reflect the importance that RBC places...
Sustainable Finance target: New ambitions in businesses by end of 2025: Reductions in financed CO2 emissions and fossil fuel financing during 2022: Policies & Commitments: People & Own Operations: Deutsche...
CarbonFree’s SkyCycle Technology Would Capture and Mineralize up to 50,000 Metric Tons of CO2 Annually from U. S. Steel’s Facility in Gary, Indiana United States Steel Corporation and CarbonFree Chemicals Holdings, LLC...
The Biden-Harris Administration is making $250 million available to develop innovative strategies to cut climate pollution and build clean energy economies. These planning grants, through the U.S. Environmental Protection Agency...
U.S. bank Citi on Thursday announced targets for cutting emissions tied to loans it makes to coal mining, auto, steel and real estate clients by the end of this decade, in...
Divert plans infrastructure expansion across North America to decarbonize the food value chain and combat climate change. Divert Inc., a leading impact technology company on a mission to Protect the...
On Wednesday members of the Committee on the Environment, Public Health and Food Safety (ENVI) adopted their position on revising the EU’s legislative framework on fluorinated gases (F-gases) emissions with 64 votes...
Washington state is holding its first carbon-allowance auction on Tuesday, marking a key step forward in a statewide program that will impose a limit on greenhouse gas emissions and make...
This year’s grant recipients are focused on solutions designed to assist people and communities who may be disproportionately affected by climate change and the transition to a low-carbon economy TD...
S&P Dow Jones Indices, the world’s leading index provider, has launched a first-of-its kind commodities index which incorporates environmental metrics. The S&P GSCI Climate Aware is a broad-based commodity index which is...
The Biden-Harris Administration, through the U.S. Department of Energy (DOE), announced $2.52 billion in funding for two carbon management programs to catalyze investments in transformative carbon capture systems and carbon...
Partnership will enable asset managers and institutional investors to access ESG Book’s market leading solutions for better decision-making. ESG Book, a global leader in sustainability data and technology, announced that...
Funding Awarded to 53 Businesses Across 23 States That Are Developing Innovations in Clean Energy and Climate Research The U.S. Department of Energy (DOE) announced awards totaling more than $68...
During the year, the EU bank committed €150 million in support for a large-scale urban regeneration project which aims to make Cypriot municipalities greener, boost the economy, and improve the...
Supporting our economy for future generations will mean supporting good, middle class jobs for workers. Canadians workers are already leading in spaces like clean tech, and the Government of Canada...
Japan’s Tokyo Gas will cut shareholder returns from the next financial year and use freed up funds to invest in technology to slash its carbon emissions, the company said on Wednesday....
Chevron and the Egyptian Ministry of Petroleum and Mineral Resources (MOPMR) have signed a MoU to share best practices and expertise related to the reduction of methane emissions. The MoU,...
Indonesia on Wednesday launched the first phase of mandatory carbon trading for coal power plants, part of efforts by Southeast Asia’s biggest economy to boost renewable energy and achieve net...
Sasol has announced that it has established Sasol Ventures to advance Sasol’s decarbonisation and 2050 net zero ambitions through venture capital. It will invest €50 million over the next five...
New specifications enable companies worldwide to exchange Product Carbon Footprint information, setting a foundation for supply chain decarbonization at scale. The Partnership for Carbon Transparency (PACT), hosted by the World Business Council...
The BMW Group is continuing its efforts to systematically reduce CO2 emissions in the supply chain. A particular focus is on CO2-intensive materials like aluminium, steel and plastics. The BMW Group...
The IEA’s Global Methane Tracker shows the oil and gas sector could slash emissions of potent greenhouse gas using only a fraction of its bumper income from the energy crisis....
China has launched a national wind and solar resources climate prediction model to enable provincial authorities to forecast energy demand and supply, the central government said on Friday. The model,...
The funding will allow AGGF to broaden its financing for climate-friendly projects in Africa The AfricaGoGreen Fund has made headlines with the announcement of its successful second fundraising close, securing...
DOE and DOT Announce $7 Million for New Projects to Accelerate Decarbonization of Medium- and Heavy-Duty Freight Transportation, Releases Funding Notice of Intent to Increase Accessibility and Functionality of EV...
GoGreen Plus is part of Deutsche Post DHL Group’s sustainability goal of achieving net-zero emissions by 2050 DHL Express has announced the launch of GoGreen Plus, a new service that...
Phoenix Group, the UK’s largest long-term savings and retirement business, has assigned £338 million of with-profits investment funds to a new multi asset climate solution which will be managed by...
The increased share of renewable electricity in production is one of the key contributors to why the total IKEA climate footprint decreased by 5% in absolute terms in FY22, compared...
JERA Co., Inc. has entered into a Memorandum of Understanding with Abu Dhabi National Energy Company P.J.S.C. (“TAQA”), one of the largest listed integrated utilities in the Middle East, that...
The European Commission has proposed ambitious new CO2 emissions targets for new heavy-duty vehicles (HDVs) from 2030 onwards. These targets will help to reduce CO2 emissions in the transport sector –...
The EU Parliament approved the new CO2 emissions reduction targets for new passenger cars and light commercial vehicles, part of the “Fit for 55” package. With 340 votes in favour,...
The following release below is from the SBTi: As the leading standard-setter and certification body for ambitious corporate climate action, the Science Based Targets initiative (SBTi) values feedback from climate...
INEOS Olefins Belgium has announced it has raised €3.5 billion to support the construction and operation of the most environmentally sustainable cracker in Europe. This is the largest investment in...
Meeting in Mumbai, European Investment Bank (EIB) Vice-President Kris Peeters and founder of global sustainability private equity firm GEF Capital Partners Raj Paj formally announced a $40 million commitment to the...
The ACCF is a multi-donor trust fund that backs the African Development Bank Group’s target of tripling its climate financing and advancing Africa’s climate resilience Ireland and Austria have joined...
Wendy’s to reduce greenhouse gas emissions by 47% across its System, including Company operations, franchisees and top suppliers, by 2030 through newly validated science-based targets The Wendy’s Company announced near-term,...
Ethiopia has signed a landmark agreement with the World Bank’s BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL) that rewards community efforts to reduce carbon emissions by tackling deforestation and land and...
CDP, the world’s environmental disclosure platform, launched a report analyzing disclosure from 18,600+ companies across 13 industries in 135 countries. The report assesses climate transition plan disclosure against 21 key...
The Reserve Bank of India will soon issue guidelines for regulated entities to boost green finance and mitigate climate-related financial risks, the central bank governor said on Wednesday. “It has...
The Department for Energy Security and Net Zero will provide dedicated leadership focused on delivering security of energy supply, ensuring properly functioning markets, greater energy efficiency and seizing the opportunities...
The European Commission has approved, under EU State aid rules, a Greek scheme to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs under the EU...
Key industrial players representing a £73 billion UK sector have signed a collaboration agreement to launch ‘Flue2Chem’ – a collaborative programme to transform the sustainability of the UK’s consumer products...
New IBM Foundation Model Technology Leverages NASA Earth Science Data for Geospatial Intelligence IBM and NASA’s Marshall Space Flight Center announce a collaboration to use IBM’s AI technology to discover new...
The Commission presents a Green Deal Industrial Plan to enhance the competitiveness of Europe’s net-zero industry and support the fast transition to climate neutrality. The Plan aims to provide a more supportive...
Funding Supports 33 Carbon Management Projects to Ramp Up Efforts to Achieve Nationwide Goal of Net-Zero Greenhouse Gas Emissions by 2050 The U.S. Department of Energy (DOE) announced $131 million...
UniCredit announced it is disclosing 2030 targets for the three most carbon intensive sectors within its portfolio which include Oil & Gas, Power Generation and Automotive sectors, to reach its...
Climate change is the biggest challenge of our time and the single greatest threat to a sustainable future. Increased human-induced emissions of heat-trapping greenhouse gases are altering the Earth’s climate,...
ExxonMobil announced the next step in the development of the world’s largest low-carbon hydrogen production facility with a contract award for front-end engineering and design (FEED). A final investment decision...
The Un-carrier becomes the first in U.S. wireless to set target to achieve net-zero emissions across its entire carbon footprint by 2040; also signs onto The Climate Pledge to reinforce...
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has successfully implemented sustainable logistics solutions for its customer Grundfos. Since one year DHL supports the...
Funding Will Reduce Costs and Improve the Performance of Critical Hydrogen Infrastructure and Fuel Cell Technologies, Support DOE’s Hydrogen Shot The Biden-Harris Administration, through the U.S. Department of Energy (DOE),...
Boston Metal, a company developing technology to fully decarbonize steel production, announced the $120 million first close of Series C fundraising led by multinational steel company, ArcelorMittal S.A.. Microsoft’s Climate...
The U.S. Department of Transportation’s Federal Highway Administration (FHWA) announced earlier this weel the immediate availability of $29.4 million in “quick release” Emergency Relief (ER) funds for use by the...
The European Investment Bank (EIB) and the Greek authorities have announced €900 million in new financing agreements that will support priority investments in high-impact, large scale projects across the country,...
Qcells seeks to supply more than 2.5 gigawatts of solar panels and EPC services to solar project developers in partnership with Microsoft The first-of-its-kind collaboration is rooted in the companies’...
