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Texas is facing a legal challenge from the American Sustainable Business Council (ASBC), a nonprofit organization advocating for environmentally sustainable business practices. The lawsuit, filed on Thursday in Austin’s federal...
Wells Fargo is leveraging its scale to spearhead a shift toward sustainability. According to the August 2024 Climate Report, the bank is focused on decarbonizing its operations and helping customers...
Environmental, Social, and Governance (ESG) ratings and data products have become essential tools for financial institutions (FIs) to assess portfolio performance and environmental impact. In 2023, 85% of FIs disclosed...
Unilever is launching a groundbreaking initiative to create sustainable fragrances by repurposing waste flowers. This pilot program, developed in partnership with the University of Nottingham, aims to reduce emissions and...
For more from Tim Mohin, sign up for his newsletter here California made headlines in March 2023 when the legislature sent Governor Gavin Newsom three new climate laws. He signed all three into...
Robeco has launched a groundbreaking climate index family designed to meet the evolving needs of investors at various stages of their climate journey. The new suite includes the “Robeco Developed...
Meta’s Commitment to Sustainability In its 2024 Sustainability Report, Meta reaffirms its commitment to creating a sustainable future. The company has been at the forefront of environmental initiatives, focusing on...
The UK has reached a significant milestone in its journey toward renewable energy: 30 gigawatts (GW) of wind power capacity. This achievement marks a crucial step in the country’s commitment...
Plastic’s Growing Environmental Impact Plastic’s convenience has led to its widespread use, but the environmental costs are staggering. Every year, 400 million tonnes of plastic waste are generated worldwide, with...
Candriam Launches ESG Equity Market Neutral Fund for Sustainable Growth Candriam has introduced its latest ESG-focused fund, the Candriam Equities L ESG Market Neutral Fund, designed to offer investors diversified...
China’s Hygreen Energy and Spain’s Coxabengoa have taken a bold step to transform Europe’s green hydrogen market. The companies have signed a strategic agreement to collaborate on hydrogen technology advancement...
The Ministry of Energy and Infrastructure (MoEI) and the Ras Al Khaimah Petroleum Authority (RAKPA) have signed a Memorandum of Understanding (MoU) to strengthen their collaboration on sustainable energy initiatives...
Qatar’s renewable energy efforts are ramping up with the launch of the ‘BeSolar’ service by the Qatar General Electricity and Water Corporation (Kahramaa). This new initiative is a significant step...
India is on a path to significantly expand its bioeconomy, with projections indicating growth from $130 billion in 2024 to $300 billion by 2030. This expansion is driven by the...
New Evidence Highlights Flaws in Sustainable Finance Deals The Rainforest Action Network (RAN) has released a report challenging the legitimacy of sustainability-linked loans issued to Indonesia’s Royal Golden Eagle (RGE)...
Clean energy jobs in the U.S. are on the rise, growing at more than double the rate of the overall job market in 2023. The U.S. Energy and Employment Report...
Lego’s Bold Move Toward Sustainability Lego, the iconic toymaker, is taking a significant step toward sustainability by committing to replace the fossil fuels used in its bricks with pricier renewable...
FTSE Russell Broadens Climate-Focused Bond Indices FTSE Russell has expanded its Fixed Income EU Climate Benchmark index series to include high-yield securities and emerging markets, aligning these with the 2015...
Ørsted Completes Its Coal Phase-Ou On August 31, 2024, Ørsted will shut down its last coal-fired combined heat and power plant, Esbjerg Power Station, in Western Denmark. This marks a...
The European Investment Bank (EIB) has taken another significant step towards sustainability by issuing a new EUR 5 billion Climate Awareness Euro Area Reference Note (EARN). This 10-year bond, due...
The Science Based Targets initiative (SBTi) has introduced a new decarbonization framework specifically for the buildings sector, aiming to align it with global net-zero targets. This comprehensive framework is designed...
The Center for Sustainability and Excellence (CSE) proudly unveils the agenda and an exceptional lineup of keynote speakers for its highly anticipated 2024 Sustainability & ESG Leadership Summit, taking place...
After a recent slowdown, the European electric vehicle (EV) market is poised for a potential comeback, driven by high-end buyers. According to a new study by Boston Consulting Group (BCG),...
Worley, a global engineering leader based in Australia, is set to kick off the Front-End Engineering Design (FEED) phase for a $7 billion green ammonia project in Morocco’s Tarfaya region...
DP World has secured validation from the Science Based Targets initiative (SBTi) for its ambitious carbon reduction targets. The SBTi, a leading authority on corporate climate action, endorsed DP World’s...
Dubai Chamber Launches ESG Label for Businesses The Dubai Chamber of Commerce has unveiled its new Environmental, Social, and Governance (ESG) Label, a strategic initiative to promote sustainable business practices...
Middle Eastern Banks Invest $500M in Malaysia’s Pengerang Energy Complex Leading Middle Eastern banks and financial institutions have invested $500 million to finance Malaysia’s Pengerang Energy Complex, a facility that...
Capgemini’s Latest Insights on Data Mastery and AI Integration Capgemini’s latest report, Data-Powered Enterprises: The Path to Data Mastery, reveals a significant shift in how organizations are harnessing data for...
U.S. hospitals are adopting medical device reprocessing as a key strategy to cut costs, reduce waste, and minimize greenhouse gas emissions. Cardinal Health’s Sustainable Technologies™ division is leading this shift,...
The 2024 Chartered Accountants IFRS Survey provides critical insights into the perspectives of Chartered Accountants (CAs) on the impacts, challenges, and opportunities in financial reporting standards. As the financial landscape...
The European Commission’s REPowerEU Plan, launched in May 2022, aims to transform Europe’s energy landscape by reducing reliance on Russian fossil fuels and boosting renewable energy production. This strategic move...
Sunly’s Major Investment Move Renewable energy company Sunly has secured €300 million in funding to enhance its production capacity in the Baltics and Poland. This significant investment, sourced from prominent...
Water is a critical component for every industry, whether directly or indirectly, through its use in cooling, heating, transport, or agriculture. The 2023 CDP Global Water Report reveals that 1...
The LEGO Group is urging fans to “keep the play alive” by passing on their bricks. The new “made to be played” campaign celebrates the enduring value of LEGO® bricks,...
Rockwell Automation Appoints Emmanuel Guilhamon as VP of Sustainability Rockwell Automation, the global leader in industrial automation and digital transformation, has appointed Emmanuel Guilhamon as Vice President of Sustainability, effective...
Allianz Partners India and Pulse Energy have announced a strategic partnership aimed at revolutionizing the electric vehicle (EV) ownership experience across India. By combining Allianz Partners’ extensive mobility assistance network...
As someone who uses Asana daily to manage my projects and tasks at ESG News, I’ve grown to appreciate not just its utility but the way it seamlessly integrates various...
UltraTech Cement Limited has successfully secured $500 million through a sustainability-linked loan, underscoring its commitment to sustainability and ESG (Environmental, Social, and Governance) goals. This transaction, completed with the participation...
Wärtsilä and Eidesvik Offshore are making history. In a groundbreaking partnership, the two companies are set to convert the offshore platform supply vessel (PSV) ‘Viking Energy’ to operate on ammonia...
A recent report by the Actuaries Institute reveals a concerning rise in home insurance affordability stress in Australia. The “Home Insurance Affordability and Home Loans at Risk Report,” authored by...
IHG Hotels & Resorts is making strides in sustainability with its new Low Carbon Pioneers program. CEO Elie Maalouf shared insights on this initiative, which focuses on reducing carbon emissions...
IBM’s “Sustainability Technology Guide for Executives” offers a comprehensive roadmap for Asia Pacific businesses to harness technology for sustainability. Despite the growing importance of sustainable practices, only 21% of organizations...
As the demand for reliable Environmental, Social, and Governance (ESG) reporting grows, FTSE 100 companies are increasingly turning to external assurance to enhance transparency and meet stakeholder expectations. This trend,...
AQR Capital Management LLC, a leading quantitative firm, has attracted approximately $350 million for its newly launched Adaptive Equity Market Neutral UCITS Fund. The fund aims to demonstrate that environmental,...
Norges Bank Investment Management (NBIM) has taken a significant step in expanding its renewable energy portfolio. On August 23rd, NBIM committed €900 million to Copenhagen Infrastructure Partners’ (CIP) fifth flagship...
Ikea has launched “Ikea Preowned,” a peer-to-peer marketplace that allows customers to buy and sell secondhand Ikea furniture directly to each other. This move marks Ikea’s entry into the secondhand...
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...
For more from Tim Mohin, sign up for his newsletter here To say the SEC’s Climate Rule has gone through the wringer would be an understatement. The policy has faced fierce...
Germany’s Households and Sustainable Investments Germany’s households hold a substantial role in financing the green transformation. According to KfW Research, 44% of households are either already investing in sustainable financial...
Australia’s Senate has passed the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024, setting the stage for a new era of mandatory climate risk disclosures. Starting in...
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