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With comprehensive disclosure requirements now applying to tens of thousands of companies under the EU Corporate Sustainability Reporting Directive (CSRD), what does it mean for organizations that already use GRI...
Chris Stark Leads Mission Control to Deliver Clean Power by 2030 Energy Secretary Ed Miliband has appointed Chris Stark to lead the newly established Mission Control. This initiative is dedicated...
1PointFive, a leading company in carbon capture, utilization, and sequestration (CCUS), announced a groundbreaking agreement with Microsoft to sell 500,000 metric tons of carbon dioxide removal (CDR) credits over six...
Oxbury, Britain’s only fintech solely dedicated to farming, continues to lead the charge in sustainability with the release of its second annual Natural Capital Report. Launched in 2021, Oxbury’s mission...
Sirona Technologies, co-founded by a former Tesla engineer, has raised a €6 million seed round to tackle the ambitious goal of removing CO2 from the air on a massive scale....
Inditex’s Strategic Move Zara owner Inditex (ITX.MC) has acquired a stake in the U.S.-based sustainable agriculture startup Galy. This investment is part of Inditex’s broader strategy to support the sustainable...
The Canada Infrastructure Bank (CIB) has finalized a $100 million investment with GDI Integrated Facility Services Inc. (GDI) to fund comprehensive energy retrofits in aging buildings across Canada, significantly reducing...
The Asian Development Bank (ADB) has launched a climate finance program in Thailand, partnering with the Ministry of Natural Resources and Environment’s Department of Climate Change and Environment (DCCE). The...
Nuveen has secured approximately $200 million at the first close of its second global climate inclusion private equity strategy. This fund aims to tackle sustainable development challenges, including climate change...
ESG Reporting Intelligence (ESGRI) launches a free ESG health check, helping businesses globally prepare for mandatory ESG reporting. Small and medium enterprises (SMEs) often struggle with where to start their...
Boerse Stuttgart Group is expanding its market data offerings to include ESG data for cryptocurrencies, in response to the EU’s MiCA regulation. This regulation mandates crypto asset service providers to...
The SEC, in collaboration with CFA Institute and CFA Society Thailand, hosted a training seminar to advance the integration of ESG (Environmental, Social, and Governance) factors into securities analysis and...
A coalition of leading Canadian pension funds has submitted a letter to the Canadian Sustainability Standards Board (CSSB), urging it to reconsider proposed exemptions for sustainability reporting. This initiative underscores...
Mercedes-Benz Auto Finance Ltd. (MBAFC), part of the Mercedes-Benz Mobility group, has achieved a significant milestone by issuing its first Green Auto Loan Asset-Backed Security (ABS) in the Chinese Interbank...
Morningstar Strengthens ESG Leadership with Michelle Cameron Appointment Morningstar has appointed Michelle Cameron as the new Commercial Leader for Sustainalytics, its ESG research and ratings arm. Cameron brings nearly two...
Investors in the UK are prioritizing sustainability and ESG considerations more than ever in their investment processes, according to KPMG’s 2024 Global ESG Due Diligence Report. This shift has significantly...
The European Investment Bank’s (EIB) sixth Climate Survey reveals that Europeans over the age of 30 have a significantly better understanding of climate change compared to their younger counterparts. This...
Schroders released its inaugural Impact Report, highlighting its dedication to impact investing and its commitment to delivering positive societal and environmental outcomes for clients. Key Developments: Impact Framework and Achievements:...
S&P Global Commodity Insights has launched the world’s first daily spot market recycled lithium carbonate price assessments. This pioneering move caters to the growing demand for pricing transparency in the...
For more from Tim Mohin, sign up for his newsletter here For 40 years, the “Chevron deference” doctrine has meant that US courts defer to federal agencies’ “reasonable” interpretations in the...
American Airlines announced that it has entered into a conditional purchase agreement with clean aviation innovator ZeroAvia for 100 hydrogen-electric engines intended to power regional jet aircraft with zero inflight emissions save for...
Deutsche Bank announced the issuance of its inaugural €500 million social bond, marking a significant step in its commitment to sustainable finance. The proceeds will support the bank’s sustainable asset...
Germany and Morocco have established a new climate and energy alliance to collaborate on climate protection and energy transition. This alliance, marked by the signing of a declaration in Berlin,...
Freddie Mac’s refreshed ESG priorities aim to bolster the long-term health of the U.S. housing finance system while addressing evolving sustainability-related risks and opportunities. “Our mission is to Make Home...
ESG Book, a global leader in sustainability data and technology, has appointed Justin Fitzpatrick as CEO. Fitzpatrick will spearhead ESG Book’s growth and market differentiation through advanced sustainability solutions. Driving...
Hamerkop and the International Biochar Initiative released “A Manual for Biochar Carbon Removal,” a comprehensive guide for biochar producers and investors. It compares certification standards, offers practical project design guidance,...
New Measures for Corporate Sustainability Reporting The European Securities and Markets Authority (ESMA) has unveiled its Final Report on the Guidelines on Enforcement of Sustainability Information (GLESI) and a Public...
The Vatican is set to join an elite group of nations generating all their electricity from renewable sources, following Pope Francis’s announcement of a new solar power project. This initiative...
BlackRock’s New ESG Tilted ETF BlackRock has introduced the iShares Global Real Estate Environmental Tilt UCITS ETF, a pioneering exchange-traded fund (ETF) designed to integrate environmental, social, and governance (ESG)...
Marks & Spencer (M&S) has unveiled a new clothing repair service in partnership with SOJO, supported by the £1m Plan A Accelerator Fund. This initiative is designed to reduce textile...
A new report by Schneider Electric and the Institute of Singapore Chartered Accountants (ISCA) reveals a critical issue: 94% of Singapore companies are not fully measuring and analyzing Scope 3...
EU Imposes Provisional Duties on Chinese BEVs The European Commission has imposed provisional countervailing duties on battery electric vehicle (BEV) imports from China, nine months after initiating an anti-subsidy investigation....
General Motors (GM) has agreed to retire approximately 50 million metric tons of greenhouse gas credits to address excess CO2 emissions identified through the EPA’s light-duty vehicle in-use testing program....
LEGO’s Net-Zero Drive: Suppliers in the Spotlight The LEGO Group has launched a new Supplier Sustainability Programme, crucial for cutting carbon emissions in its supply chain. Recognizing that over 99%...
The IFRS Foundation and EFRAG have published guidance material to illustrate the high level of alignment achieved between the International Sustainability Standards Board’s IFRS Sustainability Disclosure Standards (ISSB Standards) and...
Zurich Insurance Group and Aon have launched an innovative clean energy insurance facility, offering global coverage for blue and green hydrogen projects with capital expenditures up to USD 250 million....
Google and ENGIE have deepened their collaboration with five new Corporate Power Purchase Agreements (cPPAs), providing Google’s digital infrastructure in Belgium with over 118 MW of renewable power. Google’s Green...
Lidl, one of the largest retailers, and WWF, a leading conservation organization, have announced a five-year international partnership active in 31 countries. This strategic alliance will enhance Lidl’s value chain,...
Equans, has announced a partnership with innovative climate technology analytics company, Climate X, to help organisations across the built environment become more resilient to the impacts of climate change. Buildings...
Dr Luiz Amaral will step down from his role as CEO for personal reasons. Susan Jenny Ehr, currently Chief Legal Officer, will step in as interim CEO, with dedicated support...
AEW Europe, one of the world’s leading real estate investment and asset managers, announces that it will be one of the first asset managers to adopt the new ‘Sustainability Impact’...
China has launched its first technical centre dedicated to sustainable aviation fuel (SAF) in Chengdu, marking a significant step towards greener aviation practices. The Civil Aviation Authority of China (CAAC)...
Harnessing AI for Environmental Impact Google’s 2024 Environmental Report highlights the company’s strategic use of AI to drive environmental change and operate sustainably. By leveraging technology, Google aims to address...
Leadership Appointments ING Financial Services LLC announced pivotal leadership changes. Cindy Jia is now head of Sustainable Finance for the Americas. Based in New York, she reports to Matt Rosetti,...
The EU’s clean electricity generation is hitting new highs. In the first half of 2024, renewables comprised over 50% of all power generation in Europe, with nuclear maintaining a stable...
Cepsa and PreZero Spain have signed a strategic partnership that will enable both companies to advance in their decarbonization objectives. Under the agreement, PreZero Spain will supply biomethane from some...
Key Impact Points: The European Commission has approved a €3 billion Swedish scheme to support carbon capture and storage (CCS) aimed at reducing biogenic CO2 emissions. This initiative aligns with...
In 2024, the carbon and emissions technology sector has demonstrated remarkable resilience and growth, securing a significant $17.7 billion in venture capital (VC) investments. This comprehensive industry overview, created by...
New Zealand Secures Landmark Trade Deal New Zealand has finalized a pioneering trade deal with Costa Rica, Iceland, and Switzerland, aiming to remove tariffs on hundreds of sustainable and eco-friendly...
As companies worldwide strive to meet sustainability goals, the urgency to adapt to evolving regulatory landscapes is paramount. New environmental, social, and governance (ESG) reporting requirements, including the EU’s Corporate...
Envoria, a leading provider of ESG solutions, is proud to announce its collaboration with Vodafone Business. With the launch of the new Vodafone Business ESG Navigator, powered by Envoria’s robust...
In recent years, leaders in climate-vulnerable countries have reinforced the call for urgent climate action: earlier this year through the Bridgetown Initiative 3.0 and the Vulnerable 20 (V20) Ministerial Dialogue...
ISO is developing its first international standard on net zero to provide clarity and robust requirements for the global net zero transition. Expected to launch at COP30 in November 2025,...
Bloomberg has launched new tools for investors to measure, manage, and report on the sustainability characteristics of their portfolios. These tools are available in Bloomberg’s portfolio and risk analytics solutions,...
The seminar on “Green Fintech: Catalyst for Scaling Sustainable Finance”, which focused on green finance technology, was one of the key events of Hong Kong Green Week held by the...
The New Terminal One at John F. Kennedy International Airport has successfully concluded a historic $2.55 billion Green Bond issuance, the largest ever municipal bond financing for an airport project....
Moody’s Corporation and MSCI Inc. have formed a strategic partnership to enhance transparency and deliver robust, data-driven risk solutions. By integrating MSCI’s ESG ratings and leveraging Moody’s Orbis database, this...
Google is taking a significant step towards its net-zero emissions goal with a new partnership with BlackRock’s Climate Infrastructure business. This collaboration aims to develop a 1 gigawatt (GW) solar...
The International Finance Corporation (IFC) and the IFRS Foundation have signed a strategic partnership to strengthen sustainable capital markets by improving sustainability and climate reporting in emerging markets and developing...
Financial firms are accelerating their journey towards net-zero by enhancing governance, increasing staffing, and innovating products. Deloitte’s survey reveals that over half of financial firms have added headcount or created...
It seems that the International Sustainability Standards Board (ISSB) makes a new announcement about ‘harmonizing’ corporate sustainability reporting every other week. This week, there was an update on the strengthening...
Invesco Ltd. has launched the Invesco MSCI Global Climate 500 ETF (KLMT) with a substantial $1.6 billion investment from Finnish pension insurer Varma. This ETF aims to address the increasing...
ERM and OPTEL have entered a strategic partnership to enhance supply chain visibility and reporting capabilities. This collaboration leverages OPTEL’s traceability technology and ERM’s sustainability expertise to help companies meet...
Kingfisher plc, an international home improvement company, announced significant progress in its responsible business commitments. Key achievements include a 62% reduction in Scope 1 and 2 emissions, £6.4bn in sales...
Cushman & Wakefield (Global Headquarters: Chicago, Illinois; Japan Headquarters: Nagatacho, Chiyoda-ku, Tokyo), a leading global real estate services firm, has announced that Saeka Kuno has been appointed as Head of Sustainability,...
A new report by Oliver Wyman, in collaboration with the City of London Corporation and the UK Carbon Markets Forum, projects the global carbon dioxide removal (CDR) market could reach...
The Green, Social, Sustainability and Sustainability-Linked Bond Principles (the “Principles”) announce guidance for green enabling projects and guidelines for Sustainability-Linked Loan financing Bonds (SLLB) alongside other important updates. The Principles are the global standard for the...
Iberdrola, Europe’s leading electricity company by market cap (circa €80 billion), has issued a green bond for 335 million Swiss francs (€350 million) in two tranches, diversifying its sources of financing. The...
The Climate Bonds Initiative, the Principles for Responsible Investment (PRI) and the United Nations Environment Programme Finance Initiative (UNEP FI) announced a collaboration to support global interoperability and implementation of...
Less than two years ago, Maersk started construction works for its first low greenhouse gas emission warehouse in Denmark, located in Taulov Dry Port in Fredericia. On 24th June 2024,...
Rivian and Volkswagen Group have announced a $5 billion joint venture to develop next-generation software-defined vehicle (SDV) platforms. Volkswagen will invest an initial $1 billion in Rivian, with plans to...
IBM’s Maximo Application Suite 9.0 introduces AI-powered features to enhance asset lifecycle management. These innovations aim to reduce costs, improve reliability, and support sustainability initiatives. Key features include work order...
Canada has amended the Competition Act to address greenwashing, imposing strict requirements for substantiating environmental claims. Businesses face substantial penalties and increased litigation risks if found non-compliant. Urgent review of...
Bezos Earth Fund grant establishes new Center at Imperial to transform global food systems from environmentally damaging to innovative by creating sustainable solutions. Imperial’s Bezos Center for Sustainable Protein, launched...
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has committed $75 million to the second Green Basket Bond arranged by Symbiotics Investments, a leading emerging...
Heirloom Carbon Technologies, Inc. announced it is moving forward with the first phase of a decarbonization project that combines public and private investment to create two direct air capture (DAC)...
Denmark is set to become the first country to impose a CO2 tax on agricultural emissions, targeting livestock. This groundbreaking policy, achieved through extensive negotiations among various stakeholders, aims to...
The European Central Bank (ECB) has published its second set of climate-related financial disclosures, which provides information on the carbon footprint of its portfolios and their exposure to climate risks,...
The Principles for Responsible Investment (PRI) has launched Spring, a stewardship initiative backed by over 200 investors managing $15 trillion in assets. The initiative focuses on reducing the financial risks...
The European Commission has launched the Climate City Capital Hub to provide financial support and advice to cities aiming for climate neutrality. With a €650 billion investment target, this initiative...
To catalyze a viable blue finance market, foster green bonds and support smaller businesses in Vietnam, IFC is providing a financing package of $150 million to Southeast Asia Commercial Joint Stock Bank (SeABank,...
Alcazar Energy Partners, a leading investor in renewable energy within growth markets, announces the launch of the largest wind farm project in North Macedonia with a capacity of up to...
KKR, a leading global investment firm, and IGNIS, a leading integrated global renewable group based in Spain, today announce an agreement to launch IGNIS P2X, a new Power-to-X (P2X) platform...
Neustark, a Swiss carbon removal company, has raised $69 million to expand its operations globally. Led by Decarbonization Partners and Blume Equity, the funding aims to remove 1 million tons...
Supply chain Scope 3 emissions are significantly higher than operational emissions, yet often overlooked. Despite their scale, only a fraction of corporates set targets for these emissions. The responsibility to...
In today’s ESG landscape, we are seeing more companies setting new carbon emissions reductions targets, such as committing to net-zero targets and science-based targets (SBTs). In fact, the number of...
At the IFRS Foundation Conference coinciding with London Climate Action Week—ISSB Chair Emmanuel Faber will announce further harmonisation of the sustainability reporting landscape, as the International Sustainability Standards Board (ISSB) embarks on...
Vattenfall and Cemvision have entered an agreement (LOI) for the development and future supply of near-zero emission cement. The new cement has the potential to reduce carbon dioxide emissions by...
Pertamina published its debut Sustainable Finance Framework (Framework) which deepens the integration of its sustainability ambition into its financing strategy, thereby enabling Pertamina and/or its subholdings/subsidiaries to tap the market...
Greenhouse Gas Protocol (GHG Protocol) and the IFRS Foundation announced that they have signed a memorandum of understanding to guide future work and collaboration between GHG Protocol and the International Sustainability Standards Board...
Australia has issued its inaugural $7 billion green bond, signaling a significant advancement in the country’s sustainable finance market. This bond, aimed at financing projects that support climate change mitigation...
ExxonMobil and Air Liquide have formed a strategic partnership to drive the production and distribution of low-carbon hydrogen and ammonia, aiming to decarbonize industrial operations along the U.S. Gulf Coast....
Hong Kong’s sustainable debt market has seen unprecedented growth, becoming a leader in Asia and entering the global top ten in green bond issuance. This growth is driven by substantial...
Key Impact Points: The European Union has disbursed €2.967 billion via the Modernisation Fund to support 39 energy projects in 10 EU Member States. This funding aims to modernize energy...
Executive Summary: Australia’s government is spearheading major sustainable finance reforms to transition to a net-zero economy. These initiatives include mandatory climate-related financial disclosures, the development of a sustainable finance taxonomy,...
Executive Summary The Taskforce on Nature-related Financial Disclosures (TNFD) and the European Financial Reporting Advisory Group (EFRAG) have jointly published a correspondence mapping between the European Sustainability Reporting Standards (ESRS)...
Executive Summary: Unilever intensifies its climate advocacy efforts to accelerate emissions reduction and support global net-zero goals. By collaborating with coalitions and pushing for transformative policies, Unilever aims to create...
The global fashion retailer H&M Group is investing in Rondo and joining Rondo’s Strategic Investor Advisory Board to explore the potential for heat storage technologies to help decarbonize the textile...
EIT InnoEnergy, the leading innovation engine in sustainable energy supported by the European Institute of Innovation & Technology (EIT), announces the launch of the European Solar Academy. Mandated by the...
Funding from President Biden’s Investing in America agenda builds on nearly 100 cross-government actions that are sharply reducing methane pollution in support of clean air, good jobs and climate action...
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