ESG Africa
Why it matters: The Asian Development Bank (ADB) is supporting innovative financial tools like sustainability-linked bonds (SLBs) to accelerate climate action in Thailand and across Asia. These bonds tie financial...
Why it matters: Corporate sustainability efforts are falling short due to internal and external barriers, according to ERM’s Sustainability Transformation Survey. Overcoming these obstacles is vital for achieving ambitious ESG...
Why it matters: The EU’s Corporate Sustainability Reporting Directive (CSRD) is reshaping sustainability reporting, requiring detailed ESG disclosures aligned with European Sustainability Reporting Standards. Many businesses are struggling to meet...
Why it matters: Offshore wind is pivotal for decarbonizing hard-to-abate sectors and achieving global net-zero goals. bp and JERA are joining forces to accelerate progress with JERA Nex bp, set...
Accelerating the Path to Net-Zero Deloitte’s Low-Carbon Solutions Page provides actionable insights into the challenges and solutions required to decarbonize hard-to-abate sectors. These industries, vital to meeting Paris Agreement goals,...
Why it matters: Brookfield Renewable, a global leader in renewable power, continues to align its financing strategy with ESG priorities. This issuance demonstrates investor appetite for sustainable investments and bolsters...
Why it matters: Sustainability is no longer optional. Investors, customers, and regulators are demanding businesses demonstrate accountability on environmental, social, and governance (ESG) issues. Yet, many organizations struggle to operationalize...
Abu Dhabi Finance Week (ADFW) 2024 commenced today under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of...
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Here are five notable sustainability developments from the past week: Related Article: IMF Barbados Agree To $30 Million in Loans Under Climate Trust Follow ESG News on LinkedIn
Companies racing to meet the EU’s Corporate Sustainability Reporting Directive (CSRD) requirements are now facing an added layer of complexity as the rule is set to be re-opened and potentially...
Brisbane, Calif. – Heirloom, a leading U.S. Direct Air Capture (DAC) company, has raised $150 million in Series B funding to scale its cost-efficient carbon removal technology. Co-led by Future...
Oslo, Norway, Dec 6, 2024 (ESG NEWS) – SLB Capturi has achieved a major milestone with the completion of the world’s first industrial-scale carbon capture plant at Heidelberg Materials’ cement...
The UN-convened Net-Zero Asset Owner Alliance (NZAOA) is calling for mandatory regulatory mandates to address persistent challenges in Scope 3 emissions disclosure, which account for up to 75% of most...
London, Dec 6, 2024 (ESG NEWS) – Qatar has officially launched the trading of its first green bonds on the London Stock Exchange (LSE), marking a milestone in the nation’s...
Riyadh, Dec 6, 2024 (ESG NEWS) – The King Abdullah Petroleum Studies and Research Center (KAPSARC) and Climeworks, a global leader in carbon dioxide removal, have signed a Memorandum of...
BNP Paribas Asset Management (BNPP AM) has launched its first infrastructure private equity fund, the BNP Paribas Low Carbon Transition Infra Equity Fund I, targeting €750M to advance Europe’s energy...
Aramco, Linde, and SLB have signed a shareholders’ agreement to develop one of the world’s largest Carbon Capture and Storage (CCS) hubs in Jubail, Saudi Arabia. The project, a cornerstone...
A PwC Luxembourg report reveals that 55% of FY2024 companies foresee challenges in maintaining data quality and consistency as they prepare for Corporate Sustainability Reporting Directive (CSRD) compliance. The directive...
Meta Platforms Inc. has announced a deal to purchase green credits from four major U.S. solar energy projects developed by Invenergy. This strategic move aims to meet Meta’s escalating clean...
EQT, a global investment leader, has unveiled its Transition Infrastructure strategy, focused on scaling businesses that drive the shift to clean energy and a circular economy. This strategy targets investments...
The Climate Investment Funds (CIF) board has approved a $37 million investment plan to protect Ethiopia’s rural communities from climate-related shocks and safeguard its carbon-rich forests. With $492 million in...
Meta Follows Steps of Tech Giants, Looks to Nuclear Energy to Power AI and Sustainability Goals Meta has announced a request for proposals (RFP) to identify nuclear energy developers capable...
Schneider Electric, a leader in digital energy management, has announced a suite of AI-ready data center solutions to tackle the dual challenges of energy consumption and sustainability in AI infrastructure....
A recent survey conducted by the Morgan Stanley Institute for Sustainable Investing reveals that the majority of institutional investors anticipate significant growth in sustainable assets over the next two years....
Mirova, a sustainability-focused investment manager under Natixis Investment Management, has launched an integrated real assets platform combining its Energy Transition Infrastructure, Natural Capital, and Private Equity businesses. The platform, effective...
ConnectDER, a leader in home energy technology, has raised $35 million in Series D funding to advance its electrification solutions. The funding, led by Decarbonization Partners—a joint venture of BlackRock...
The European Commission has launched €4.6 billion in funding under the Innovation Fund to accelerate decarbonization and enhance Europe’s green technologies. These initiatives are critical for meeting climate neutrality goals...
The 16th Conference of the Parties (COP16) to the UN Convention to Combat Desertification (UNCCD), held for the first time in Riyadh, brought in $12 billion in pledges to address...
The European Union has agreed to delay the enforcement of its deforestation regulation by 12 months, moving the application date to December 30, 2025. This decision aims to provide additional...
The European Bank for Reconstruction and Development (EBRD) has appointed Harry Boyd-Carpenter as Managing Director of its Sustainable Infrastructure Group (SIG), a key division covering municipal infrastructure, transport, and energy....
Aramco, TotalEnergies, and the Saudi Investment Recycling Company (SIRC) have joined forces to evaluate the development of a sustainable aviation fuels (SAF) plant in Saudi Arabia’s Eastern Province. The initiative...
The Biden administration has reached a significant milestone by awarding more than $100 billion in grants from the Inflation Reduction Act (IRA), President Joe Biden’s signature climate legislation. This achievement...
Qatar has pledged £1 billion ($1.3 billion) to bolster the UK’s climate technology sector, with a focus on fostering innovation and supporting the energy transition. Rolls-Royce, a key player in...
Key Impact Points: As sustainability rises to the forefront of corporate responsibility, businesses are grappling with the challenge of measuring and reporting greenhouse gas (GHG) emissions. Speeki’s new AI-powered tool,...
Vancouver, Canada – December 2024 – The Canadian government is making bold investments to decarbonize heavy-emitting industries and support clean technology innovation in British Columbia. $12.5 million in funding was...
Singapore has announced the world’s first Master’s in Sustainable Healthcare and an Executive Fellowship to tackle climate change’s growing impact on healthcare systems. Launched by the Centre for Sustainable Medicine...
ADNOC has unveiled XRG, a transformational international investment company with an enterprise value exceeding $80 billion. The independently operated venture focuses on lower-carbon energy and chemicals, aiming to double its...
EQT Active Core Infrastructure fund (EQT) and global investor GIC have announced an agreement to acquire a majority stake in Calisen Group, a leading UK provider of smart meters and...
Australia and Singapore have strengthened their partnership to accelerate Southeast Asia’s clean energy transition. The Australian Government has committed US$50 million to Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative, aimed...
ATLANTA, Dec. 2, 2024 – The Coca‑Cola Company has unveiled updated environmental goals aimed at advancing its sustainability agenda through 2035. These targets prioritize water security, packaging sustainability, and emissions...
Matthew Chan has joined Flint Global as a Partner in their Asia Pacific team based in Hong Kong. Chan comes from J.P. Morgan, where he established the firm’s Corporate Sustainability...
EU Taxonomy FAQ: A Step Towards Usability The European Commission released a comprehensive FAQ document to aid in implementing the EU Taxonomy, its sustainability classification system. Aimed at reducing administrative...
The Role of Technology in ESG Integrating Environmental, Social, and Governance (ESG) principles into business strategies is increasingly essential. PwC’s new blog series sheds light on how ESG technologies are...
CBRE IM strengthens sustainability leadership CBRE Investment Management (CBRE IM) has named George Crone as Sustainability Lead for UK Direct Investments, reinforcing its commitment to achieving net-zero and advancing its...
Sustainability as a Business Imperative A new DHL Express global survey of 5,000 SME decision-makers across 11 markets reveals that sustainability is now a critical priority for small and medium-sized...
A Strategic Alliance for Sustainability Orbital Materials and Amazon Web Services (AWS) have announced a multi-year partnership aimed at revolutionizing data center efficiency and decarbonization. Orbital’s proprietary AI platform will...
IFC champions biodiversity with landmark green bond The International Finance Corporation (IFC), part of the World Bank Group, issued a green Kangaroo bond worth AUD 700M to close the biodiversity...
Schroders pioneers sustainable investment labels Schroders announced plans to adopt the UK Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels for 10 of its funds, solidifying its position as...
Maersk’s bold sustainability push A.P. Moller-Maersk, a global shipping leader, is targeting up to 20% of its marine fuel consumption to come from alternative sources by 2030. This move is...
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