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Prime Minister Keir Starmer, speaking at COP29 in Baku, Azerbaijan, declared the UK’s intensified commitment to lead in the global clean energy transition. “Our mission to make Britain a clean...
ScottishPower has formalized a major £1 billion turbine supply contract with Siemens Gamesa for its East Anglia TWO offshore windfarm. The deal involves Siemens Gamesa providing 64 SG 14-236 DD...
The Climate Investment Funds (CIF) has launched its ambitious Capital Market Mechanism (CCMM) on the London Stock Exchange (LSE), designed to raise up to $75 billion (£58 billion) to finance...
Data and AI are becoming essential drivers for action and future risk prediction. A recent study by Kyndryl, the world’s leading IT infrastructure services provider, commissioned by Microsoft and conducted...
The Financial Stability Board (FSB) has released its 2024 progress report on climate-related financial disclosures, underscoring the strides made by global jurisdictions in implementing International Sustainability Standards Board (ISSB) disclosure...
At COP29, CDP and EFRAG, a leading figure in developing European sustainability standards, announced the discovery of extensive interoperability between CDP’s questionnaire and the European Sustainability Reporting Standards (ESRS). This...
The latest LinkedIn Global Green Skills Gap 2024 report reveals an alarming trend: demand for green talent is surging much faster than its availability. The report shows that while global...
Parties gathered for the first day of the UN Climate Change Conference in Baku, Azerbaijan, marking an early milestone with a consensus on standards for creating carbon credits under Article...
Trafigura Group Pte Ltd, a global leader in commodities, and GenZero, a decarbonization-focused investment platform owned by Temasek, have committed over $100 million USD to expand the Brújula Verde landscape...
Greenhouse gas (GHG) emissions from Canadian oil sands production remained nearly flat in 2023, with an increase of less than 1%, despite a rise in total production, according to a...
The Asian Development Bank (ADB) is set to expand its climate-related lending by $7.2 billion, thanks to sovereign guarantees from the United States and Japan. This move, unprecedented in climate...
Energy Infrastructure Partners (EIP), a prominent investor in the energy transition sector, has announced an agreement to increase its stake in Plenitude, Eni’s integrated energy business that spans renewable energy...
The Monetary Authority of Singapore (MAS) announced several green finance and capital market initiatives at the 20th Joint Council for Bilateral Cooperation (JCBC) meeting, co-chaired by Singapore’s Deputy Prime Minister...
US issuers are propelling green bond sales toward record levels despite shifting policy landscapes. As of early November, green bond sales reached $550 billion, nearing the annual record of $588...
The Securities and Exchange Commission (SEC) charged Atlanta-based investment adviser Invesco Advisers, Inc. with making false statements regarding the integration of ESG factors in their asset management. From 2020 to...
Only one in six (16%) of the world’s largest companies are projected to meet their 2050 net-zero goals, according to Accenture’s latest “Destination Net Zero” report. While over half (52%)...
The mini-documentary “Hotel Marcel: A Net-Zero Transformation,” part of ESG News’s new “Brands With Values: Net-Zero Transitions Series,” delves into the innovative journey of Hotel Marcel’s conversion into the United...
In this interview, India Foundation’s Managing Director Shaurya Doval joined ESG News CEO Matt Bird to discuss economic insights into India’s energy transition. From the interview, “India is making a...
Welcome back to the ESG News Week In Review! To get ESG News’s full ‘ESG News Week In Review’ and ESG News Daily email newsletter, subscribe here. ESG NEWS SMART READ OF THE...
Follow ESG News on Linkedin After 40 years in sustainability, I’ve seen the ebb and flow of government action through many election cycles. Yet, as scientific understanding and public awareness of...
H&M Group has strengthened its commitment to renewable energy through a virtual power purchase agreement (VPPA) with Lightsource bp for the 125MW Second Division solar project in Brazoria County, Texas....
The Brazilian government, led by President Luiz Inacio Lula da Silva, reported a significant milestone in forest conservation: the smallest annual deforestation rate in the Amazon in nearly a decade....
The United Arab Emirates (UAE) has announced an ambitious climate plan ahead of next week’s COP29 climate summit in Azerbaijan, becoming the first major emitter to submit updated Nationally Determined...
China has taken a landmark step in its climate strategy by passing its first-ever energy law, which will come into effect on January 1, 2025. Adopted during a session of...
California regulators are preparing to vote on amendments to the state’s Low Carbon Fuel Standard (LCFS), a move that could intensify the push for low-carbon fuels to meet aggressive climate...
Li-Cycle Holdings Corp. has secured a major $475 million loan from the U.S. Department of Energy (DOE) to fund the development of its Rochester Hub project in upstate New York....
RBC Global Asset Management Inc. has announced that the RBC Canadian Core Real Estate Fund (the Fund) reached a new milestone with its fifth major transaction since its inception in...
The European Insurance and Occupational Pensions Authority (EIOPA) has released its final report on the prudential treatment of sustainability risks under Solvency II, recommending increased capital requirements for insurers holding...
Optera, an ESG and carbon management software leader, has released the next generation of its Supply Chain Manager, advancing Scope 3, category 1 emissions management. This update comes as companies...
Building on its legacy of innovation and sustainability, Samsonite International S.A. has announced a new science-based climate target, aligning with the Science Based Targets initiative (SBTi) criteria. The commitment underscores...
The UK’s Department for Energy Security and Net Zero (DESNZ) and Westminster Council have launched a £1 billion heat network aimed at providing low-carbon heating to some of London’s most...
Mizuho Bank, Ltd., led by President & CEO Masahiko Kato, has entered into a strategic partnership with Pollination Global Holdings Limited, founded by CEO Martijn Wilder AM, to bolster clients’...
Family enterprises, known for their long-term investment approach, are increasingly integrating sustainability and ESG (environmental, social, and governance) factors into their strategies to enhance resilience and drive value creation. As...
The European Union’s climate commissioner, Wopke Hoekstra, reiterated the EU’s commitment to ending sales of CO2-emitting cars by 2035 and enforcing stricter CO2 limits for carmakers next year. This comes...
Cape Town, South Africa, served as the vibrant backdrop for the 2024 Earthshot Prize, where five remarkable winners were announced at a star-studded event hosted by Billy Porter and Bonang...
Edited: Nov 6, 2024 7:52pmc Elon Musk’s high-stakes gamble to support Trump’s reelection may do more than just boost Tesla’s stock—it could have a positive ripple effect across the entire...
Marsh, a world leader in insurance brokering and risk advisory, and We2Sure, a specialist in carbon credit insurance solutions, have introduced an innovative insurance facility to protect businesses across the...
A coalition of climate, finance, and insurance experts has launched Insurance for Good, a nonprofit aimed at reshaping disaster risk management and enhancing resilience within the United States. The organization’s...
Tesla’s stock surged by 12% in premarket trading Wednesday morning, pushing Tesla’s share price toward a new all-time high, as Donald Trump secured his second term as president. Analysts predict...
A recent report from RSM International highlights the challenges and opportunities faced by 200 Latin American businesses in adopting International Financial Reporting Standards (IFRS) S1 and S2 for sustainability. The...
Gprnt, a digital ESG platform launched by the Monetary Authority of Singapore (MAS), has unveiled its inaugural Disclosure and Marketplace tools. These offerings aim to streamline sustainability reporting for businesses,...
The Isle of Man, a self-governing Crown Dependency in the Irish Sea, is positioning its future as a leading jurisdiction for responsible investment and green financial initiatives with the launch...
Following a successful pilot, ADNOC and climate tech firm 44.01 are scaling up their innovative carbon-to-rock project in Fujairah, in collaboration with the Fujairah Natural Resources Corporation (FNRC) and Masdar....
Irish businesses are intensifying their commitment to sustainability, with 81% of organizations reporting increased focus over the past year, according to EY Ireland’s State of Sustainability report. The survey, involving...
Microsoft is pioneering wood-based construction in its datacenters in Northern Virginia, substituting steel and concrete with cross-laminated timber (CLT). The move cuts embodied carbon emissions by up to 65% compared...
In a significant environmental milestone, net GHG emissions across the EU dropped by 8.3% in 2023, according to a new report by the European Commission. This decrease represents one of...
Azerbaijan Sets Stage for Unified Green Investment Standards As the host of COP29, Azerbaijan will unveil a global green investment rulebook aimed at guiding sustainable investments with principles agreed upon...
The UAE is set to invest AED200 billion ($54.4 billion) over the next six years to address the nation’s growing sustainable energy needs, according to Suhail Al Mazrouei, UAE Minister...
The Canadian government’s proposed regulations aim to cut emissions in the oil and gas sector by 35% by 2030, compared to 2019 levels. Environment Minister Steven Guilbeault clarified, “This goes...
Follow ESG News on Linkedin KPMG’s latest report, Navigating EU Taxonomy: Progress and Pathways to Compliance, provides a comprehensive analysis of the EU Taxonomy disclosures of 291 European companies, offering critical...
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