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On Wednesday, Parliament gave a final green light to new rules obliging firms to mitigate their negative impact on human rights and the environment. The European Parliament approved with 374...
A new report by Morningstar Sustainalytics reveals that while less than 10% of companies globally are consistently implementing best practices for the low carbon transition, there are leading examples to...
Google’s Startups for Sustainable Development program is supporting startups working on sustainability efforts. The program, launched in November 2019, has grown to support more than 500 startups working on the...
TotalEnergies, a global integrated energy company, and Vanguard Renewables, a U.S. leader in farm-based organics-to-renewable natural gas production and a portfolio company of a fund managed by BlackRock’s Diversified Infrastructure...
Ford has a long-standing purpose that transcends simply building vehicles. The company strives to create a positive impact, improving the lives of its employees, the communities it serves, and the...
New collaboration aims to scale the full value chain of carbon removal by capturing and permanently sequestering biogenic CO2 at pulp and paper mills. CO280 and Aker Carbon Capture’s collaboration...
Together, with its first Community Impact Report, the company details its progress its net-zero ambitions and supporting the communities it visits Royal Caribbean Group released its annual Seastainability Report, outlining...
The International Energy Agency (IEA) launched a new online resource to track progress towards the energy goals agreed upon at COP28. Developed in collaboration with UN Climate Change, the online...
Exponential Roadmap Initiative and Cradlenet together on 10 April launch the Circular Action Guide. It offers practical steps for companies to analyse their value chain, product portfolio and business model in...
The Asian Infrastructure Investment Bank (AIIB) and the World Bank have signed a renewed Memorandum of Understanding (MOU) to enhance collaboration on infrastructure development and support the achievement of the...
FY23 BRSR reports of Nifty 50 companies and NEXT 50 listed companies analysed to assess the maturity of ESG regulations in India. 51% of India’s top 100 listed companies by...
Scotiabank has issued its inaugural EUR 1 billion, 5-year senior fixed rate Green Bond (the “EUR Green Bond”) in the European market pursuant to Scotiabank’s Sustainable Issuance Framework released on April 5, 2024 (the...
Welcome back to the ESG News Week In Review! This week, ESG News brings you a roundup of the latest headlines shaping the future of ESG practices. Get a glimpse...
With Japan’s cross-shareholding ratio falling to an all-time low and the new NISA (a tax exemption program for small investment programs that began in January 2024) with an indefinite tax...
LG Electronics (LG) has successfully issued a global bond of USD 800 million, marking its first in 17 years. Despite the growing global volatility, LG managed to achieve a negative...
Ziraat Bank successfully renewed its sustainability-linked syndicated loan facility in the amount of USD 1.7 billion (USD 742 million and EUR 884 million) with 132% roll-over ratio. The syndication loan...
Warner Bros. Discovery’s 2023 Sustainability Report comprehensively outlines its strategic commitments and achievements in integrating Environmental, Social, and Governance (ESG) considerations into its operations. Here, we delve deeper into various...
Key Impact Points: In 2023, JPMorgan Chase continued to demonstrate its unwavering commitment to Environmental, Social, and Governance (ESG) principles through its comprehensive annual ESG report. The report provides an...
Key Impact Points: In a significant stride towards combating climate change, the Net-Zero Asset Owner Alliance, a coalition of major institutional investors, unveils its latest initiative to steer $9.5 trillion...
Singapore is spearheading a significant financial initiative designed to mobilize $5 billion alongside global partners to support climate-focused projects throughout Asia. This ambitious effort, termed the “Financing Asia’s Transition Partnership”...
As recent global temperatures records show, the world is off-track to reach net zero. The carbon removal industry needs to grow rapidly on all fronts to help fight global warming. This is...
Key Impact Points: “Clean energy and water are foundational to healthy communities and essential building blocks for a responsible business,” said Lisa Jackson, Apple’s vice president of Environment, Policy, and...
Boeing is buying 9.4 million gallons (35.6 million liters) of blended sustainable aviation fuel (SAF) to support its 2024 U.S. commercial operations, reducing its carbon emissions and working to help...
RWE successfully placed its first green US dollar bond with a total volume of US$2 billion. The bond was issued in two tranches of US$1 billion with 10-year tenor and...
Chevron Technology Ventures, the venture arm of Chevron Corp., has launched its third Future Energy Fund with a commitment of $500 million to invest in renewable energy technologies. The fund...
At the Our Ocean Conference in Greece, the European Union is confirming its strong engagement for international ocean governance by announcing 40 commitments for action for 2024. These actions will be funded by €3.5 billion from...
Phillips 66’s San Francisco Refinery, which for years manufactured products like gasoline and jet fuel, is now producing only renewable fuels. Long known as the company’s Rodeo Refinery, and recently...
Mastercard’s 2023 Environmental, Social and Governance Report details how the company is activating its network, services, products, and partnerships to fulfill its commitment to social good. The report highlights progress...
EdgeConneX strategic finance team garners prestigious Project Finance International Award as it raised over $7 billion in total green investments over the past 2 years EdgeConneX®, a pioneer in global Build-to-Suit and Build-to-Density Solutions,...
Climeworks, the global leader in carbon dioxide removal (CDR) via DAC+S technology, has been awarded 2.2m CHF (26m NOK) in funding from Enova, at 50 percent funding intensity, in the...
Robeco announced the transformation of its Asian Bond fund into a transition investing-ready vehicle. To transform global emerging economies to net zero by 2050, an estimated USD 125 trillion is...
JERA Co., Inc. (“JERA”), Japan’s largest power company, announces the creation of JERA Nex Limited (“JERA Nex”), a new global renewable energy business. JERA Nex will develop, invest in, own and operate...
Air New Zealand and Neste have signed an agreement for nine million litres of neat Neste MY Sustainable Aviation Fuel™. The deal represents the largest purchase of sustainable aviation fuel (SAF) from...
Welcome back to the ESG News Week In Review! We’re thrilled to have you with us again. To get ESG News’s full ‘ESG News Week In Review’ and ESG News Daily email...
A critical element of Barclays’ Investment Banking strategy and net zero ambition is support for clients as they navigate the transition to a low-carbon economy. As part of Barclays’ continued...
IBM announced the release of its 2023 Impact report. The report summarizes the company’s Environmental, Social and Governance (ESG) initiatives, partnerships and investments in 2023, which were implemented to advance our goal...
ISS-Corporate, a leading provider of compensation, governance, cyber risk monitoring, and sustainability offerings to help companies improve shareholder value and reduce risk, today announced the acquisition of Celsia, an Oslo-based...
A major investigation into the world’s 65 largest insurance companies from the responsible investment charity ShareAction, released today, shows that both people and planet face the triple whammy from insurance...
Inditex, the owner of fashion giant Zara, is embroiled in a controversy surrounding its cotton sourcing practices. The company is demanding greater transparency from Better Cotton, a certifier of sustainable...
Standard Chartered, KPMG and the United Nations Office for Disaster Risk Reduction (UNDRR) are calling for a step-change in the mobilisation of finance for adaptation and resilience ahead of COP29,...
The law will set up an EU certification framework for carbon removals to boost their uptake and help achieve EU climate neutrality by 2050. Parliament on Wednesday adopted the provisional...
In January 2024 the SBTi announced that work to revise its flagship Corporate Net-Zero Standard was a priority for 2024, and that this revision would include additional guidance on tackling...
Switzerland will continue to support the Green Climate Fund (GCF) with a total contribution of CHF 135 million over the next four years. The Federal Council took this decision at...
Rich Lesser Joins as Vice Chair, Climate & Sustainability and Senior Advisor. Jeff Johnson Joins as General Partner Leading Climate. B Capital, a global multi-stage investment firm, announced two appointments...
Key Impact Points: Small and medium-sized enterprises (SMEs) are increasingly recognizing the urgency of addressing climate change, but a recent report sheds light on the significant hurdles they face in...
Trafigura, one of the world’s leading commodity traders, presented insights on the evolving landscape of global markets and the increasing copper demand during the Financial Times Commodities Global Summit in...
LyondellBasell published its annual sustainability report titled, Everyday Sustainability. The publication offers an in-depth review of the company’s progress over the last year toward establishing itself as an industry leader...
The Sustainability Standards Board of Japan (SSBJ) has recently announced the issuance of exposure drafts for new sustainability disclosure standards, aligning with the International Financial Reporting Standards (IFRS) Foundation’s International...
Key Impact Points: Verein KlimaSeniorinnen Schweiz and Others v. Switzerland In a groundbreaking decision, the European Court of Human Rights (ECHR) has issued a landmark ruling in a climate case...
In order to bring the evaluation of its CO2 emissions in the upstream supply chain to the next level, Henkel has launched a comprehensive engagement program for its worldwide suppliers called...
Neste and South Korean chemical company Lotte Chemical are teaming up to make chemicals and plastics more sustainable. The companies embark on a strategic collaboration to replace fossil resources with...
Rolls-Royce, ASCO Carbon Dioxide Ltd (ASCO), and Landmark Power Holdings Limited (LMPH), have signed a Memorandum of Understanding (MoU) aimed at developing scalable solutions for clean power generation with carbon...
EY announced the launch of a new Sustainable Finance Innovation Hub in Dublin to help financial institutions around the world accelerate their efforts to meet their environmental, social and governance...
Welcome back to the ESG News Week In Review! We’re thrilled to have you with us again. This week, the U.S. Securities and Exchange Commission (SEC) has pressed pause on...
Three of the largest North American banks have agreed to publicly disclose their financing ratio of low-carbon energy to fossil fuels, setting a new standard for the banking sector After...
As sustainability becomes a more common consideration for investment management professionals in the United States, trust in the environmental, social and governance (ESG) data used to inform investment decisions by...
Bloomberg announced the launch of the Bloomberg Government Climate Tilted Bond Indices, a new benchmark family for government bond investors seeking exposure to the transition to a low-carbon economy. The indices...
The U.S. Securities and Exchange Commission (SEC) has announced a suspension in the enforcement of its climate disclosure rule while awaiting the outcome of a legal challenge initiated by a...
Last year’s emissions under the EU’s Emission Trading System (ETS) show the most significant annual emissions reductions since the ETS was launched in 2005. The main driver is the power...
California is accelerating its transition to clean energy with a revamped 2023-2024 transmission plan proposed by the California Independent System Operator (ISO). The $6.1 billion plan prioritizes grid reliability and...
A new report by InfluenceMap, titled “The Carbon Majors Database: Launch Report,” sheds light on a critical aspect of the climate crisis. It reveals a concerning concentration of greenhouse gas...
The U.S. Environmental Protection Agency announced its selections for $20 billion in grant awards under two competitions within the historic $27 billion Greenhouse Gas Reduction Fund (GGRF), which was created...
UBS Asset Management (UBS AM) has launched the UBS ETF S&P 500 Climate Transition ESG UCITS ETF, marking a significant stride for sustainability-focused investors in Europe. This ETF is the...
The U.S. Department of Agriculture published the second edition of Quantifying Greenhouse Gas Fluxes in Agriculture and Forestry: Methods for Entity Scale Inventory. The report provides farmers, ranchers, and forest...
The United Nations Global Compact, the world’s largest corporate sustainability initiative announced the launch of the 2024 SDG Pioneers campaign today. The SDG Pioneers is designed to honor exceptional individuals...
Investment funds managed by Morgan Stanley Capital Partners (“MSCP”), the middle-market focused private equity team at Morgan Stanley Investment Management, announced it has acquired Resource Innovations (“RI” or the “Company”),...
A new report by Boston University’s Global Development Policy Center and the African Economic Research Consortium sheds light on China’s potential to be a transformative force in Africa’s shift towards...
SSAB’s Board of Directors have taken the decision to proceed with the next step in SSABs transition, building a state-of-the-art fossil-free mini-mill in Luleå, Sweden. When completed SSAB will close...
JERA Co., Inc (“JERA”) recently signed a Joint Study Agreement (“JSA”) with Petroliam Nasional Berhad (PETRONAS), through its subsidiary – PETRONAS CCS Solutions Sdn. Bhd. (“PCCSS”), to evaluate the feasibility...
Tokyo-based banking group Mitsubishi UFJ Financial Group (MUFG) unveiled a significant commitment to sustainability. The company announced a nearly threefold increase in its 2030 sustainable finance target, alongside the establishment...
Provisional data shows UK territorial greenhouse gas emissions fell further across several key sectors between 2022 and 2023. The UK continues to lead the way in cutting emissions after provisional data...
The U.S. Department of Energy (DOE), the U.S. Department of Treasury, and the Internal Revenue ServiceGreenhouse (IRS) announced $4 billion in tax credits for over 100 projects across 35 states...
In the comprehensive report titled “Citi’s Approach to Climate Change and Net Zero” released on March 28, 2024, by Citi under the stewardship of Chief Executive Officer Jane Fraser, the...
A majority (70%) of European companies align less than 25% of their capital expenditures (CapEx) toward transitioning towards a net-zero economy, new analysis by CDP and Oliver Wyman reveals. Meanwhile,...
Welcome back to the ESG News Week In Review! We’re thrilled to have you with us again. Get ready for another week of staying ahead with our curated roundup of...
Following CMA action, millions of consumers can now expect to see accurate and clear green claims when shopping for fashion items with ASOS, Boohoo and George at Asda. The undertakings...
Tesco, the UK’s leading supermarket and NatWest, the largest UK bank for business and one of the largest for the farming sector, have launched a new discounted climate and sustainable...
Persefoni Pro, a free, enterprise-grade tool, enables businesses to create accurate carbon footprints for internal and external stakeholders Persefoni, a leading Climate Management & Accounting Platform (CMAP) for enterprises and...
Nestlé and The Global FoodBanking Network (GFN) signed a Memorandum of Understanding (MOU) to solidify their collaboration in fighting hunger. “We tackle food insecurity by helping people in need gain...
TenneT Holding B.V. successfully priced a dual Tranche Green Hybrid Bond of EUR 550 million with a coupon of 4.625% and a non-call period of 5.25 years and EUR 550...
Australia is igniting a clean energy revolution, determined to become a global leader in the renewable energy sector. This ambitious transition promises a brighter future, not just for the environment,...
The Netherlands’ five largest pension funds, representing a combined €900 billion ($975 billion) in assets, are offering to invest significant capital and expertise to expedite the country’s energy transition. This...
BlackRock, the world’s largest asset manager, is under fire again for its environmental, social and governance (ESG) investment strategies. This time, Mississippi Secretary of State Michael Watson issued a “cease...
As part of the plans to lower the climate footprint from the investments, Industriens Pension is now introducing a new climate-related benchmark, which partly sets the direction for the foreign...
Results highlight that current transition plans are insufficient for investors to accurately gauge transition risk, a material financial risk for high-emitting companies on the Climate Action 100+ focus list. Climate...
Walmart recently announced significant progress in its energy transformation strategy. This initiative aims to expand access to clean energy, create positive economic and environmental outcomes, and support the company’s growth...
Climeworks, global leader in carbon removal via direct air capture, and the LEGO Group, one of the world’s leading manufacturers of play materials, entered a 9-year agreement to permanently remove...
Nature Action 100, the first global investor engagement initiative to address the urgent crisis of nature and biodiversity loss around the world, has published a new field guide to equip...
President Bola Ahmed Tinubu has affirmed Nigeria’s commitment to diligently implement world-leading sustainability reporting standards aimed at unlocking capital investments, transforming business models, and safeguarding the environment in the country....
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, launched a consultation on Draft Regulatory Technical Standards (RTS) related to the registration and supervision of external reviewers...
The Next 150, has signed a 6-year purchase agreement with Microsoft to supply 95,000 tons of high-quality Carbon Dioxide Removal (CDR) credits produced by its General Biochar Systems (GBS) business...
The Republic of Iceland issued a green bond in the amount of 750 million euros, the equivalent of ISK 111 bn. The bond bears a 3.5% fixed rate coupon, a...
South Korea has pledged a significant financial commitment to tackling climate change, announcing a $313 billion green financing plan. This initiative aims to slash greenhouse gas emissions by 40% from...
Rising temperatures could drive food inflation up by 3.2 percentage points and overall inflation by 1.18 percentage points annually by 2035, according to a new study by Potsdam Institute for...
President Biden’s Investing in America Agenda Provides the Single Largest Industrial Decarbonization Investment in the Nation’s History, Driving $20+ Billion in Total Investment to Revitalize Manufacturing Communities and Create and...
Welcome to the ESG News Week In Review! Stay ahead with our curated roundup of the week’s top headlines covering ESG around the globe. Dive into the latest developments in...
BNP Paribas Asset Management announces the launch of the BNP Paribas Global Net Zero Transition Equity fund, a Luxembourg-domiciled equity fund offering investors exposure to a well-diversified strategy across sectors,...
As part of its commitment to reach net zero emissions by 2050, Nestlé has launched two new projects, developed with suppliers Cargill and ETG | Beyond Beans, both aiming to...
Barclays and Lightsource bp announced that they have committed to a $140 million tax equity deal which will finance the construction of the Prairie Ronde 180MWdc solar project in St....
Carbon markets hold immense potential to propel corporate climate action, but significant adaptations are necessary to unlock their full potential. Businesses play a pivotal role in achieving global climate goals....
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