ESG Africa
Bolivia’s $5 Billion Carbon Credit Plan Bolivia is set to sell $5 billion worth of carbon offset credits to tackle rampant deforestation and achieve its goal of halting forest loss...
BNP Paribas Future Forest Fund: A Sustainable Initiative BNP Paribas Asset Management has launched the BNP Paribas Future Forest Fund, a sustainable forestry fund designed to support certified timber production...
A Historic Step for Climate and Tourism The United Nations announced on Wednesday that over 50 governments have signed a declaration to make global tourism more climate-friendly, calling it a...
Deloitte and Workiva Expand Sustainability Compliance Tools Deloitte and Workiva have launched four new ESG accelerators aimed at simplifying regulatory compliance under the European Union’s Corporate Sustainability Reporting Directive (CSRD)....
Building a Resilient Lithium Supply Chain Sigma Lithium has announced the shipment of 22,000 tonnes of its Quintuple Zero Green Lithium to International Resources Holding (IRH), Abu Dhabi’s official trading...
$1.48 Billion GAIA Platform Launched to Address Climate Finance Gaps At COP29, FinDev Canada, MUFG Bank, Green Climate Fund (GCF), and Climate Fund Managers signed a Memorandum of Understanding to...
Key Impact Points: EU Advances Carbon Removal Standards The Council has finalized a regulation to establish the EU’s first certification framework for permanent carbon removals, carbon farming, and carbon storage...
Climate Risks and Financial Stability: Key Insights The European Supervisory Authorities (EBA, EIOPA, and ESMA) and the European Central Bank (ECB) today published findings from the one-off “Fit-for-55” climate scenario...
The Council of the European Union has approved a groundbreaking regulation to enhance the transparency, consistency, and comparability of environmental, social, and governance (ESG) ratings. This move aims to bolster...
A Milestone for Green Energy At the COP29 World Climate Conference in Baku, Azerbaijan, Indonesia announced a €1.2 billion green funding agreement with German state development bank Kreditanstalt für Wiederaufbau...
Starbucks Welcomes New Sustainability Leader Starbucks has appointed Marika McCauley Sine as its new Chief Sustainability Officer, effective November 18, 2024. The former Mars Inc. executive succeeds Michael Kobori, who...
Some of the world’s biggest companies, including BlackRock Inc., Block Inc., Ripple, and Samsara Inc., are driving decarbonization in aviation through a $200 million investment in sustainable aviation fuel (SAF)....
Endesa, one of Spain’s leading energy companies, has announced a record-breaking €9.6 billion investment under its 2025-2027 strategic plan. The move comes as the company aligns with the ambitious electrification...
John Veech to Lead SP in Addressing U.S. Infrastructure Challenges Sustainability Partners (“SP”), a Public Benefit Company known for sustainable infrastructure funding and deployment across the U.S., announced the appointment...
Released during COP29, Deloitte’s report, Turning Point: Feeding the World Sustainably, details the economic and social benefits of transforming global food production. The analysis highlights that addressing undernourishment, feeding a...
The UK government has taken a significant step to regulate Environmental, Social, and Governance (ESG) ratings providers, aiming to bolster transparency and ensure robust oversight in a market set to...
Indian billionaire Gautam Adani’s conglomerate, Adani Green Energy Ltd., is preparing to revive a $600 million bond deal after postponing a similar issuance in October. This move comes as Adani...
IBM Expands Asset Management with Maximo Renewables IBM has officially launched IBM Maximo Renewables, a comprehensive tool designed to help organizations manage and optimize their renewable energy assets. This innovative...
Fidelity International has announced its intention to adopt the ‘Sustainability Focus’ label for three equity funds under the Financial Conduct Authority (FCA)’s Sustainability Disclosure Requirements (SDR). This move is part...
The International Sustainability Standards Board (ISSB), under the IFRS Foundation, has published a new guide to aid companies in identifying and disclosing material information related to sustainability risks and opportunities....
Collaborative Standards for Broader Sustainability CDP and 20 prominent landscape practitioner organizations have come together to establish four core criteria for impactful and scalable landscape initiatives. This collaboration marks a...
At COP29, the Multilateral Climate Funds (MCFs)—comprising the Green Climate Fund (GCF), the Adaptation Fund, the Climate Investment Funds (CIF), and the Global Environment Facility (GEF)—announced the launch of the...
Ingka Group, the largest IKEA retailer, is investing €1.5 billion to accelerate its transition away from fossil fuels. This move contributes to the company’s goal of reducing its climate footprint...
Amanda Young, former Chief Sustainability Officer at Abrdn, has joined the Global Ethical Finance Initiative (GEFI) as a Senior Advisor. With over a decade of experience in sustainability and responsible...
Clorox Company has announced a strategic partnership with carbon tracking platform Manufacture 2030 (M2030) to advance decarbonization throughout its value chain by assisting suppliers in meeting carbon reduction targets. Why...
The International Chamber of Commerce (ICC) and Sage have released a global report unveiling a $789 billion green finance opportunity for small and medium-sized enterprises (SMEs). Despite this vast potential,...
The American Petroleum Institute (API), representing nearly 600 U.S. oil and natural gas companies, has released a policy wishlist for President-elect Donald Trump’s incoming administration. The platform focuses on reversing...
The New York City Employees’ Retirement System (NYCERS) has joined the UN-convened Net-Zero Asset Owner Alliance (NZAOA), reinforcing its commitment to addressing climate change risks in its investment portfolio. “This...
BP, Equinor, Shell, and TotalEnergies have announced a combined commitment of $500 million to support the United Nations Sustainable Development Goal 7 (UN SDG7), which strives for universal access to...
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Follow ESG News on Linkedin In the first EU Parliament hearing since the US election, voices against the EU Green Deal from the right and far-right were louder than ever. Emboldened...
A group of conflict-affected countries is pushing at COP29 to double financial aid to more than $20 billion a year to combat natural disasters and security crises facing their populations,...
At COP29 in Baku, the COP29 Presidency launched the Baku Call on Climate Action for Peace, Relief, and Recovery (BCCAP), a milestone initiative aimed at addressing the critical intersection of...
At COP29, the International Organization for Standardization (ISO) unveiled new ESG Implementation Principles to help organizations navigate the complex Environmental, Social, and Governance (ESG) landscape. These guidelines aim to simplify...
Global Companies Lag in Renewable Energy Adoption, CDP Report Finds A new report from non-profit CDP reveals that major global companies are falling short in their use of renewable energy,...
Singapore has joined the European Union (EU) and China in presenting the Multi-Jurisdiction Common Ground Taxonomy (M-CGT), a significant step towards harmonizing sustainable finance taxonomies across the three regions. Developed...
The Inter-American Development Bank (IDB) and its private sector arm, IDB Invest, are accelerating their climate and environmental sustainability efforts across Latin America and the Caribbean. By 2030, they plan...
What’s New For the first time, JPMorgan Chase, the United States’ largest lender, has disclosed its Energy Supply Financing Ratio, revealing that it provided $1.29 in financing to green energy...
Deep Sky, a leader in carbon removal technology, has finalized a significant deal with Microsoft and Royal Bank of Canada (RBC) for the sale of 10,000 carbon removal credits. This...
The European Parliament’s recent vote to delay the EU deforestation regulation signals a shift that could impact environmental and trade policies for years to come. While the law was originally...
The 2024 EY Global Climate Action Barometer reveals that while climate disclosures have improved significantly over recent years, urgent action remains lacking among companies to combat the intensifying climate crisis....
A recent KPMG International report, Leaders 2050, reveals that young professionals worldwide are feeling disempowered in supporting their organizations’ climate goals. The survey, involving over 800 young people aged 18...
IBM has released its first-ever State of Sustainability Readiness Report 2024, revealing that 88% of business leaders plan to increase IT investments for sustainability over the next 12 months. Conducted...
CDP and the Global Reporting Initiative (GRI) have strengthened their partnership to enhance environmental reporting. This new step, formalized through a Memorandum of Understanding (MoU) signed at the COP29 Climate...
At COP29 in Baku, Azerbaijan, IBM and Sustainable Energy for All (SEforALL) announced new AI-powered tools designed to guide sustainable urban development globally. These tools, launched as part of the...
At COP29 in Azerbaijan, a significant early pledge emerged as major development banks, including the World Bank, committed to raising climate finance to $120 billion annually by 2030. This figure...
Amazon.com and IKEA, prominent members of the Zero Emissions Maritime Buyers Alliance (ZEMBA), are intensifying their efforts to decarbonize ocean shipping by preparing for a major tender to launch in...
The International Auditing and Assurance Standards Board (IAASB) has officially published the International Standard on Sustainability Assurance 5000 (ISSA 5000), marking a significant step in standardizing sustainability assurance practices globally....
Saudi Arabia, the world’s largest oil exporter, marked a significant milestone in its environmental strategy by launching its first carbon credit exchange at the UN Climate Change Conference (COP29) in...
Denham Capital has appointed Justin DeAngelis as Global Head of Sustainable Infrastructure, following four years as Partner & Co-Head of Denham Sustainable Infrastructure (DSI) alongside Scott Mackin. DeAngelis, who boasts...
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