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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....
Furthering its environmental promise, Starbucks verifies 6,000 Greener Stores in more than 40 markets globally Company awards six new Greener Stores of the Year across international regions, celebrating stores at...
“The electrification of energy is unstoppable and will expand exponentially in the years ahead, supporting decarbonisation, boosting energy security, and reducing the volatility caused by fossil fuels. Our strategic pillars...
The Texas Permanent School Fund (PSF), a financial cornerstone for the state’s public schools, is severing its relationship with investment giant BlackRock in a contentious dispute centered on environmental, social,...
New indexes draw on the strengths of Morningstar’s Sustainalytics & Indexes businesses to deliver diversified, broad exposure to companies leading their sector peers in their readiness for—and action towards—climate transition...
Accompanied by construction crews on Oct. 12, 2023, Intel CEO Pat Gelsinger tours the company’s two new fabrication plants being built in Chandler, Arizona. The new factories on the company’s...
ESO publishes investment plan for future energy system: The Electricity System Operator (ESO) has published a report called “Beyond 2030”, which proposes a £58 billion investment in the electricity grid to...
The SBTi has released an updated guidance for land vehicles, including a new method for automakers to set 1.5°C emissions reduction targets. The Science Based Targets initiative (SBTi), an international...
Schneider Electric, the leader in the digital transformation of energy management and automation, and Hy Stor Energy, a company pioneering carbon-free renewable hydrogen production and long-duration storage at scale, announced they have signed a...
The companies will work to address barriers to early-stage commercial project deployment. Google LLC, Microsoft Corporation, and Nucor Corporation today announced they will work together across the electricity ecosystem to...
Key findings The impacts of carbon commitments will materialize in lease markets in the next 12 to 24 months, creating a tipping point where investments in low-carbon buildings will start...
Through the agreement, the two organizations have agreed to co-invest in Sustainable Aviation Fuel (“SAF”), allowing Standard Chartered to balance CO₂ emissions linked to its upstream logistics with high quality...
Oracle announced Oracle Cloud EPM for Sustainability, a new solution in Oracle Fusion Cloud Enterprise Performance Management (EPM) that helps organizations efficiently measure and effectively manage sustainability initiatives. The new solution will help...
Nestlé’s vision is that none of its packaging ends up in landfills or as litter. On Global Recycling Day, the company highlights how it is improving its packaging to facilitate...
Gold Standard has launched step-by-step guidance to support companies to take responsibility for their greenhouse gas emissions while reducing their climate impact. The approach outlined has the potential to unlock over $20...
Net Zero Teesside Power (NZT Power) and the Northern Endurance Partnership (NEP) have selected contractors for engineering, procurement, and construction contracts with a combined value of around £4bn. The selection...
Manchester City has announced plans to make its training facility, the City Football Academy, one of the largest producers of renewable energy in world football. The current Premier League Champions...
In a significant stride towards combating climate change, Google unveiled a $35 million commitment to match the U.S. Department of Energy’s (DOE) Carbon Dioxide Removal Purchase program. This ambitious initiative...
A group of leading financial and philanthropic organizations released an investor report and toolkit highlighting climate resilience solutions as a key growth industry of the 21st century. “Investing in Climate Resilience” presents...
Shell Publishes Energy Transition Update Shell plc (Shell) published its first energy transition update since launching its Powering Progress strategy in 2021. Their Capital Markets Day in June 2023 outlined...
2023 Non-Financial Report: further progress on sustainability “In 2023 we proved the strength of our Global Hausbank and its value for clients,” said Christian Sewing, Chief Executive Officer. “Business growth,...
The Canadian Sustainability Standards Board (CSSB) is proud to announce the release of its first proposed Canadian Sustainability Disclosure Standards (CSDS), marking a significant milestone in advancing sustainability reporting in Canada. The proposed...
Today Apple welcomed key manufacturing partners Taiwan Semiconductor Manufacturing Company (TSMC) and Murata Manufacturing as new investors in the Restore Fund, which is designed to scale global investment in high-quality,...
S&P Global published the sixth edition of its Look Forward research series, providing in-depth analysis of the major geopolitical, technological, financial and regulatory drivers that are shaping the direction and pace of the...
Members of the bank-led, UN-convened Net-Zero Banking Alliance (NZBA) have chosen to update and reinforce their climate commitments by voting to adopt a new version of the Guidelines for Climate...
1PointFive, a carbon capture, utilization and sequestration (CCUS) company, announced that AT&T has agreed to purchase carbon dioxide removal (CDR) credits from STRATOS, 1PointFive’s first large-scale Direct Air Capture (DAC)...
Green Project Technologies, an accessible, audit-grade carbon accounting platform, is collaborating with Microsoft to bring a unique and powerful carbon accounting offering to Microsoft AppSource. Small and medium-sized businesses interested...
Unreasonable Impact, a strategic partnership between Unreasonable Group and Barclays, has announced the latest ventures to join its UK & Europe programme. This year’s ventures offer solutions ranging from food...
On Wednesday, Parliament adopted its proposals to better prevent and reduce waste from food and textiles across the EU. MEPs adopted their first reading position on the proposed revision of the Waste...
Key Takeaways: A recent report by Transport & Environment has put a spotlight on the inadequate efforts of numerous multinational companies to mitigate the environmental impact of their corporate air...
Konexa, a UK-based integrated energy development and investment platform has achieved financial close on a combined USD 18 million investment from climate-centric blended finance fund manager Climate Fund Managers (CFM)...
HESTA, one of Australia’s largest superannuation funds, is making waves by proposing its own nominees for the board of directors at oil and gas giant Woodside Energy. This unprecedented move...
Workiva Inc., the company powering transparent reporting for a better world, applauds the climate disclosure rules introduced by the U.S. Securities and Exchange Commission. These new rules enhance and standardize...
Uber is making it easier for riders to embrace a low-emissions lifestyle with the introduction of a new Emission Savings feature in its app. This feature allows riders around the...
The EY organization and IBM announce a global collaboration to focus on environmental, social and governance (ESG) solutions that aim to help organizations accelerate business transformation with value-led sustainability. EY...
Air Liquide and Vopak sign MoU to collaborate on infrastructure for ammonia import, cracking and hydrogen distribution infrastructure in Singapore Air Liquide and Vopak have signed a Memorandum of Understanding...
In line with High Royal Directives, Morocco’s Head of Government Aziz Akhannouch issued a decision on Monday outlining the implementation of the “Morocco Offer” for the development of the green...
The Boards of Governors of the Inter-American Development Bank (IDB) and IDB Invest approved three transformative changes to increase the impact and scale of the IDB Group’s development work in...
We’ve listed the Top 14 women in sustainability, whose influence, leadership and dedication have helped to shape the fight against climate change. Women have been instrumental in driving the sustainability...
NatPower announces the development of the largest project for the construction of battery storage systems for over 60 GWh in the UK Over 10 billion GBP NatPower UK investments earmarked for...
Will the world achieve its sustainability ambitions in time? The SDGs offer a vision of a more sustainable and equitable world by 2030. Developed by the United Nations in 2015,...
Government announces the largest ever budget for the upcoming Contracts for Difference auction round. Britain’s flagship renewables scheme has received its biggest ever funding boost from government, with more than...
Annual Climate Report provides first insights on assessment of RBC Capital Markets’ energy client transition plans; new actions from RBC to provide capital for renewable energy and other low-carbon energy,...
Aligned with United Nations SDG 11, IBM announced a new request for proposals from government and non-profit organizations for the IBM Sustainability Accelerator, focused on technology-driven projects to advance city resiliency. IBM...
The Securities and Exchange Commission adopted rules to enhance and standardize climate-related disclosures by public companies and in public offerings. The final rules reflect the Commission’s efforts to respond to...
In a landmark decision, jurors in Oregon have ordered PacifiCorp, a subsidiary of Warren Buffett’s Berkshire Hathaway, to pay over $150 million to victims of the devastating 2020 wildfires. This...
InfluenceMap, a non-profit organization dedicated to providing objective and data-driven analyses of corporate and financial institutions’ impact on climate change and biodiversity loss, has released assessments evaluating the climate governance,...
Permira, the global private equity firm, announced it has appointed a dedicated team to identify investment opportunities across the climate transition value chain. The team, led by Kush Patel and...
The co-founded venture, also backed by TPG Rise Climate, aims to rapidly scale textile-to-textile recycling of polyester and contribute to a more sustainable textile industry. H&M Group has secured an...
A recent Bloomberg survey of roughly 200 European financial market participants reveals a growing concern: managing the ever-increasing volume of ESG data. The survey, conducted throughout 2023 and encompassing respondents...
Unilever, releasing its inaugural Climate Policy Engagement Review, urges industry associations to step up their engagement in climate advocacy. The company emphasizes the need for collaboration amongst various actors, including...
Invesco, a global investment management company with $1.59 trillion under management, has announced its departure from the Climate Action 100+ (CA100+) investor coalition, effective immediately. This decision follows similar moves...
Wind turbines that use sensors to optimally adapt their rotor blades to the wind strength, fields that are fertilized more economically based on satellite data, factories that produce highly efficiently...
JLR announced it will generate more than a quarter of its UK electricity** from new onsite and near site renewable energy projects, slashing energy bills and reducing reliance on grid...
Dutch pension fund ABP aims to achieve €30 billion in investments by 2030 that yield double returns: financial and societal impacts, especially in areas like climate and biodiversity solutions. The...
TC Energy Corporation and its partner Northern New England Investment Company, Inc., a subsidiary of Énergir L.P. (Énergir), have entered into a purchase and sale agreement to sell Portland Natural...
The European Commission has imposed a record €1.8 billion (around $2 billion) fine on Apple for anti-competitive practices related to music streaming apps on the App Store. This landmark decision...
Hive Hydrogen South Africa has signed an agreement with Genesis Eco-Energy to implement 372MW of wind power in the Western Cape, to support the development of its Green Ammonia project...
This year, Standard Chartered has expanded the scope of their annual Fair Pay Report to cover broader commitment to diversity, equality and inclusion. How Standard Chartered Support Their Colleagues: “Creating...
CURRENT HOURLY RATE HOURLY RATE FROM 1ST JULY* National rate £11.11 £12.04 Stores inside the M25 £12.28 £13.21 Asda has announced proposals for a record £150m investment in its retail...
BBVA widens its sustainable business with a global finance unit that will focus on cleantech innovation, announced BBVA Chair Carlos Torres Vila at the 3rd BBVA Sustainability Forum, held Thursday...
State of the City Commitment Will Grow City’s Green Economy, Train and Position New Yorkers to Benefit from Nearly 400,000 Green-Collar Jobs by 2040 Plan Will Advance $100 Million Climate...
The SBTi has released two new reports to support the design and implementation of beyond value chain mitigation (BVCM). The Science Based Targets initiative (SBTi), an international organization enabling ambitious...
Climate reporting to help companies ride the green transition All listed issuers to report from FY2025 and large non-listed companies from FY2027 The Accounting and Corporate Regulatory Authority (ACRA) and...
EPA opens two grant competitions — funding zero-emission port equipment, infrastructure and planning to tackle the climate crisis, reduce pollution, and advance environmental justice The U.S. Environmental Protection Agency announced...
International Airlines Group (IAG) announced its largest Sustainable Aviation Fuel (SAF) purchase agreement to date, with e-SAF (power-to-liquid) producer Twelve, which will supply advanced e-SAF made from made from CO2,...
The new law sets a target for the EU to restore at least 20% of the EU’s land and sea areas by 2030 and all ecosystems in need of restoration...
S&P Dow Jones Indices, the world’s leading index provider, announced the launch of the S&P Biodiversity Indices, adding to the range of sustainability-oriented performance benchmarking tools it offers to asset managers...
The Government of Canada is announcing its plan to issue its second Canadian-dollar-denominated green bond this week, subject to market conditions. This follows the successful issuance of Canada’s first 7.5-year, $5...
Deutsche Bank has taken a significant step towards achieving its ambitious sustainability goals with the launch of its updated Sustainable Finance Framework. This comprehensive guideline outlines the bank’s approach to...
Collaborative projects with the Brazilian Development Bank and Brazilian financial institutions aim to support Brazil to deliver its G20 Presidency climate finance priorities and ambitious climate goals UN Secretary-General’s Special...
Effective immediately, the contract is now added to the Prysmian order backlog The award follows earlier Prysmian selection as preferred bidder and commitment to assure the required capacity Prysmian, world...
Samsara Eco paves the way for apparel to have an infinite-life Australian enviro-tech startup, Samsara Eco, and its partner, athletic apparel brand, lululemon, have today debuted the world’s first enzymatically recycled nylon...
The Albanese Government is taking action to improve workplace gender equality, with the gender pay gaps for nearly 5,000 Australian private sector employers today being published for the first time....
Nokia announced that it has committed to reducing its total global greenhouse gas emissions (GHG) to net zero by 2040, accelerating its previous target by ten years, and putting it...
Leading global sustainable mobility player Ayvens and Stellantis, one of the world’s leading automakers, have come to a multi-billion euro frame agreement that encourages Ayvens’ affiliates to buy up to...
European Union (EU) import charges on carbon-intensive products are expected to have a limited impact on climate change and only a modest negative effect on economies in Asia and the...
Following a dialogue with the Commission and national consumer authorities, Zalando has committed to removing misleading sustainability flags and icons displayed next to products offered on its platform. Such claims...
Elevating the UAE’s Position in Global Logistics: The New FedEx Hub Highlights Innovation and Efficiency FedEx Express (FedEx), a subsidiary of FedEx Corp. and the world’s largest express transportation company,...
In 2017, Walmart launched a bold initiative called Project Gigaton, aiming to work with suppliers to reduce, avoid, or sequester 1 billion metric tons of greenhouse gas emissions in product...
SIX, the global financial information provider, has launched a new solution enabling the global banking clients of SIX to measure the sustainability performance of their small and medium-sized enterprise (SME)...
Nest, the UK’s largest pension scheme, is embarking on a groundbreaking journey towards a more sustainable future with a £5 billion equity fund dedicated to Environmental, Social, and Governance (ESG)...
Octopus Energy’s generation arm and Salzgitter Group, one of Germany’s leading steel and technology groups, are joining forces to radically decarbonise steel production in Germany using the power of the...
The UK will leave the Energy Charter Treaty (ECT) after the failure of efforts to align it with net zero, the government has announced. Signed in 1994, the Energy Charter...
Agreement demonstrates shared commitment to high-integrity projects that, beyond sequestering carbon, support biodiversity and benefit local communities long term Catona Climate, a global climate finance company, announced that Microsoft has...
Council and European Parliament negotiators reached a provisional political agreement today on a regulation to establish the first EU-level certification framework for for permanent carbon removals, carbon farming and carbon storage in...
Schneider Electric, the leader in the digital transformation of energy management and automation, announced that it has committed to invest in a portfolio of Texas-based clean energy projects utilizing a Tax Credit...
BNP Paribas Asset Management (‘BNPP AM’) announced the launch of the first two funds in its new suite of innovative fixed income exchange-traded funds (‘ETFs’). BNP Paribas Easy Sustainable EUR Corporate...
Verizon Communications Inc. issued its Green Bond Impact Report, outlining the full allocation of the nearly $1 billion of net proceeds from its fifth green bond, which was issued in May 2023....
Schroders announced the launch of a listed global equity impact fund amid growing demand from clients for public equity-focused impact strategies. Schroder International Selection Fund (Schroder ISF) Global Equity Impact is...
A new report by the Green Finance Institute (GFI) and the Institute for Public Policy Research (IPPR) calls for deeper collaboration between public and private sectors, alongside clear sector-specific transition...
California is investing an unprecedented amount of funding to build a bigger, better network of charging and refueling infrastructure for zero-emission cars, trucks and buses. The California Energy Commission (CEC) approved a $1.9...
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