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BBVA achieved a new milestone in sustainable business, channeling €26 billion in the second quarter of 2024. This marks a record for the Group, contributing to a total of €46...
Microsoft has bought over 80,000 metric tons of carbon removals from the Blue Creek Improved Forest Management Project, managed by Western Rivers Conservancy (WRC) in Northern California. This purchase aligns...
RMI and FedEx have introduced GridUp, a cutting-edge tool designed to predict energy and power needs for electric vehicle (EV) charging. Backed by a grant from FedEx, GridUp provides utilities...
For more from Tim Mohin, sign up for his newsletter here While there are still many questions about how all of these policies will work and interact, the time for implementation...
The UK government has announced a record budget of over £1.5 billion for the next renewable energy auction, aiming to enhance energy security and reduce costs for families and businesses....
The International Accounting Standards Board (IASB) has published a consultation document proposing eight examples to illustrate how companies should report the effects of climate-related and other uncertainties in their financial...
ISS ESG, the sustainable investment arm of ISS STOXX, has introduced a new Industry Average Emission Intensity Data Set as part of a major augmentation to its Climate Solutions. This...
Deutsche Bank has introduced BASF’s first sustainability-linked payables finance program in Asia, targeting operations in China. This tailored solution meets global standards while catering to local business needs. The program...
Schneider Electric, a leader in energy management and automation, released its Q2 2024 sustainability scores alongside half-year financial results. This update is part of their Sustainability Impact (SSI) program, essential...
Leveraging Technology in ESG Global capability centres (GCCs) are driving ESG initiatives with over 1,600 centers in India, expected to reach 1,900 by 2025, hitting a market size of $60...
Outperformance Across Regions and Timeframes Companies that scored highest on the social pillar in MSCI ESG Ratings have consistently outperformed their lower-scoring peers over the past 11 years. This phenomenon...
ArcLight has launched SkyVest Renewables, committing an initial $500 million to operate and optimize renewable assets. As part of this initiative, ArcLight has acquired a 160 MW wind farm in...
The Science Based Targets initiative (SBTi) has released four technical documents, marking an early step in revising the Corporate Net-Zero Standard. This effort aims to enhance strategies for addressing scope...
The number of plastic bags found on UK beaches has plummeted by 80% over the past decade, following the introduction of a mandatory fee for single-use carrier bags. According to...
Enhanced Biodiversity Reporting Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) have unveiled a joint interoperability mapping resource. This tool outlines the alignment between TNFD Disclosure...
Google, PacificLight Energy (PLE), and Rexus Bioenergy (RExus) have entered a 10-year collaboration. PacificLight will offtake renewable energy from RExus’s Waste Wood-to-Energy (WWtE) Plant and supply it to Google. This...
KLM Royal Dutch Airlines and ZeroAvia are partnering to demonstrate a zero-emission flight using ZeroAvia’s ZA2000 hydrogen-electric engines by 2026. This collaboration represents a significant step towards sustainable aviation. Hydrogen-electric...
A recent survey of nearly 500 sustainability professionals by Salesforce reveals a complex relationship between AI and sustainability. While 4 in 10 professionals worry about AI’s potential negative impacts, 57%...
Germany-based osapiens, an ESG platform provider, has secured $120 million in Series B funding led by Growth Equity at Goldman Sachs Alternatives. This investment follows the $27 million Series A...
The European Investment Bank (EIB) has activated a €5 billion initiative to bolster Europe’s wind-energy equipment manufacturers. This includes a €500 million counter-guarantee to Deutsche Bank AG, facilitating up to...
The Spanish government has approved nearly 300 renewable power projects, aiming to boost the country’s green energy capacity by over 28 gigawatts. This move, announced on Monday, is part of...
Air New Zealand Adjusts Emission Goals Air New Zealand has retracted its 2030 emissions reduction target, citing delays in the delivery of fuel-efficient aircraft and the high cost of green...
Longevity Partners launches a revolutionary Decarbonisation Dashboard to aid global real estate in cutting carbon emissions. This proprietary tool enables asset managers to track and reduce carbon footprints, optimize energy...
International Airlines Group (IAG) has inked a landmark agreement with Repsol for over 28,000 tons of sustainable aviation fuel (SAF), marking the largest SAF purchase in Spain. This fuel will...
Veolia has solidified its position as a leader in ecological transformation, earning validation from the Science Based Targets initiative (SBTi) for its accelerated decarbonization goals. This recognition follows the company’s...
Enel S.p.A. has approved a share buyback program to purchase 2.9 million treasury shares, approximately 0.029% of its share capital. This program, running from September 16 to December 16, 2024,...
Starting July 1st, BNP Paribas Bank in Poland will offer its business clients access to the Envirly platform, a cutting-edge tool powered by AI for calculating and managing carbon footprints....
SAEL group has successfully issued its first US dollar-denominated green bonds, raising $305 million in the international markets. This marks a significant milestone, providing the company access to a deeper,...
In 2024, shareholder proposals on ESG and anti-ESG issues soared to record numbers, reaching 998 among Russell 3000 companies, surpassing 2023’s total of 947. Despite the increase, support remains inconsistent,...
Universal Hydrogen’s Dream Crashes Universal Hydrogen aimed to revolutionize hydrogen-powered flights with nearly $100M from investors like Playground Global and Toyota Ventures. The company liquidated after failing to secure further...
VF Corporation (NYSE: VFC), a global leader in apparel, footwear, and accessories, has released its 2024 Green Bond Impact Report. The report details the full allocation of net proceeds from...
NEG8 Carbon, an innovative Irish company, is spearheading efforts to combat climate change by removing carbon from the atmosphere. With the goal of capturing 100 million tonnes of CO2 annually...
Indian businesses are taking the lead in ESG reporting and prioritizing diversification efforts, outpacing their global counterparts, according to a recent study by DBS Bank. The comprehensive research, titled “Pivotal:...
Over 72% of financial institutions plan to invest up to $500,000 in ESG (environmental, social, and governance) technology, according to a recent survey by BCT Digital. BCT Digital, a leader...
Market Dynamics Driving ESG Evolution Market forces, including shifting ESG regulations, U.S. anti-ESG sentiment, and increasing competition among ESG service providers, are reshaping asset managers and rating agencies’ ESG integration....
For more from Tim Mohin, sign up for his newsletter here An unprecedented political tsunami hit on Sunday when President Joe Biden dropped out of the presidential race. In just a few days,...
EFRAG released a report on the early implementation of the European Sustainability Reporting Standards (ESRS) among large EU companies. Supported by Boston Consulting Group (BCG), this study, titled ‘State of...
In a significant step towards sustainable transportation, Daimler Truck has initiated customer trials for their Mercedes-Benz GenH2 hydrogen fuel cell trucks. Five prototype trucks are being tested by Amazon, Air...
Prime Minister Keir Starmer and Energy Secretary Ed Miliband announced a major partnership between Great British Energy and The Crown Estate, projected to drive up to £60 billion in private...
Brazil has endorsed the UAE Declaration of Leaders on a Global Climate Finance Framework at a G20-COP28 event, strengthening its commitment to sustainable finance. This move, announced by Finance Minister...
Environmental, Social, and Governance (ESG) practices are crucial for today’s businesses, impacting risk management and value creation. ESG captures climate-related financial risks and opportunities within a company’s operations, moving beyond...
Cyan Renewables (“Cyan”), Asia’s leading offshore wind services platform, announced its acquisition of Australian offshore marine services provider MMA Offshore (“MMA”) (ASX) for A$1.1B (US$702M). This landmark deal makes Cyan...
The Inter-American Development Bank (IDB), alongside Brazilian public banks BNDES, Banco do Brasil (BB), and Caixa Econômica Federal (CAIXA), announced plans to develop an exchange-traded fund (ETF) focused on sustainable...
On the eve of the Paris 2024 Olympic Games, the first Sport for Sustainable Development (Sport4SD) Summit gathered 500 leaders, including heads of state, government officials, and athletes, to accelerate...
NGP has launched NGP Sustainable Real Assets, LLC, securing approximately $500 million from NGP’s Energy Transition IV fund and co-investors. NGP SRA focuses on developing clean energy assets, including power,...
The UK is taking a significant step toward sustainable air travel by introducing a mandate for sustainable aviation fuel (SAF). From January 1, 2025, the SAF mandate will require 2%...
Akila, a digital twin data platform, has formed a strategic alliance with Deloitte to deliver sustainable building management solutions to their U.S. customers. This partnership aims to reduce carbon emissions,...
The Jamaica Stock Exchange (JSE) has launched its comprehensive guidelines for green, blue, and sustainability bonds, aiming to enhance the market’s capacity to attract investments with positive environmental and social...
The European Securities and Markets Authority (ESMA) has published an Opinion on enhancing the Sustainable Finance Regulatory Framework, highlighting potential long-term improvements. Current Framework ESMA recognizes the robust development of...
Audi has emerged as the leader in environmental, social, and corporate governance (ESG) among car manufacturers, according to the latest ISS ESG ratings. The company achieved a B– rating, reflecting...
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