ESG Asia
Companies’ top reason for pursuing a sustainability strategy is the opportunity for value creation. The biggest hurdle? The high level of investment that’s needed. The potential for creating value is...
What’s happening: Why it matters: Many companies struggle to invest in offsetting, because it’s hard to navigate this complicated market and make financially sound decisions. Enterprises that spend millions on...
Key Impact Points: Qatar has successfully raised $2.5 billion through its first-ever green bond issuance, marking a significant milestone in the Gulf state’s financial landscape. The bonds are split into...
280 Earth, Inc. announced that it has completed construction and started operating a direct air capture (“DAC”) facility to remove carbon dioxide (CO2) directly from the atmosphere, mitigating climate change....
Infor®, the industry cloud company, today announced the launch of Infor GenAI and ESG Reporting, to help customers improve productivity and report on their environmental footprint. Infor’s modern solutions, from...
Responding to growing climate disclosure needs, a recent update to the IBM® Envizi™ ESG Suite empowers businesses to effectively manage their path towards emissions reduction targets. Announced on May 21st,...
Morningstar Sustainalytics has joined Climate Bonds Initiative’s Partnerships Programme, helping to strengthen Climate Bonds’ mission to develop the sustainable finance market. Partners within the Climate Bonds network play a crucial...
New partner and senior advisors complete climate leadership team, following Temasek commitment and EIB Support LeapFrog Investments (“LeapFrog”), the profit with purpose investment firm, has appointed Souleymane Ba as Partner and...
Diageo has announced plans to invest over €100 million to decarbonise its historic St. James’s Gate site in Dublin 8, where Guinness has been brewed for 264 years. The investment...
BNP Paribas Asset Management announces the listing of a new global equity exchange-traded funds (‘ETFs’), expanding its current SRI PAB range which totals more than EUR 6.5bn of assets under...
FC FUTURES is EA SPORTS FC’s global initiative to grow the game for all. Electronic Arts Inc. announces that their EA SPORTS FC FUTURES initiative has opened up grassroots football...
ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development) have successfully started operating a pilot carbon capture unit on the blast furnace...
Largest single private-sector digital investment in Kenya’s history will support economic development across East Africa Microsoft Corp. and G42 on Wednesday announced a comprehensive package of digital investments in Kenya,...
S&P Global announced that three executives have been recognized by INvolve’s 2024 Empower Role Model Lists, supported by YouTube. These lists celebrate leaders who are tirelessly advocating and driving increased representation...
In a landmark deal, Ørsted will sell a further one million tonnes of carbon removal over a ten-year period to Microsoft from Avedøre Power Station, which is part of the...
The partners are exploring airport infrastructure and operational requirements to stand up hydrogen operations at the world’s busiest airport. Hartsfield-Jackson Atlanta International Airport (ATL), Airbus, Delta Air Lines and Plug...
Deutsche Bank and the European Investment Bank Group, consisting of the European Investment Bank and the European Investment Fund, have signed an agreement to promote climate-friendly new builds and energy-efficient...
Honda Motor Co. has announced a massive $65 billion investment plan to accelerate its transition to electric vehicles (EVs) over the next ten years. This strategic move is designed to...
Holcim hosts the groundbreaking ceremony at its state-of-the-art GO4ZERO plant engineered to produce 2 million tons of net-zero cement per annum by 2029 in Obourg, Belgium. With a planned investment...
Facility Data Manager enables brands and manufacturers to share timely primary environmental data and insights to track and accelerate impact. Worldly, the leading supply chain sustainability data and insights platform...
The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) are taking significant steps to enhance their collaboration in green and transition finance. During the 2nd China-Singapore...
The project will provide 80% of the heat demand for Finnish neighborhoods. Nestled on the shores of the Gulf of Finland, Google’s Hamina data center is set to become a...
PAG, a leading Asia Pacific-focused alternative investment manager, announced today that it has closed its first renewable energy-focused fund, PAG REN I, with a total of USD550 million in capital...
State Farm® is the first property & casualty insurance company worldwide to achieve TRUE certifications for two of its facilities, a testament to its commitment to uncovering operational efficiencies, responsibly...
Key Points: Quinbrook Infrastructure Partners Launch $3.5 Billion ‘Green Iron’ Project, Powered By Renewables Quinbrook Infrastructure Partners announced the development of a $3.5 billion “Green Iron” project in Queensland. This...
First-ever Chief Marketing Officer Think Lab to support Marketing’s role in driving Sustainable Growth The UN Global Compact announced the launch of its inaugural Chief Marketing Officer (CMO) Think Lab....
A staff team from the International Monetary Fund (IMF) led by Charalambos Tsangarides, IMF mission chief for Tanzania, held meetings in Dodoma and Dar es Salaam from May 2 to...
Key Points: The Oklahoma Public Employees Retirement System (OPERS) has decided to extend its investment contracts with BlackRock Inc., overseeing $7.3 billion in assets. This decision comes on the heels...
Normative recently launched enhanced carbon reduction features designed to accelerate businesses on their journey to net zero emissions. Having calculated their carbon footprint and reported emissions, businesses often face the...
Boston Consulting Group (BCG) announced that it has signed an agreement for the purchase of sustainable aviation fuel certificates (SAFc) with TwelveTM, the carbon transformation company. The agreement will run from...
Pernod Ricard announces that its near- and long-term science-based GHG emissions reduction targets in line with a 1.5°C trajectory have been approved by the Science Based Targets initiative (SBTi) with...
Investment by Airport Owner and Operator in Sustainable Aviation Fuel (SAF) Technology and Development Supports LanzaJet Growth and Addresses Important Role in SAF Ecosystem LanzaJet, a leading sustainable fuels technology company...
The age-old debate of whether doomerism or optimism will be more effective in driving the climate agenda forward reared its head again this week. On the doomer side, the pessimists...
On May 13, the Swiss NGO Public Eye published a report about the working conditions at the factories of some of SHEIN’s third-party suppliers. While many allegations in this report...
Key Impact Points: Sport England has unveiled its first Sustainability Strategy, “Every Move,” requiring major sports organizations to develop robust sustainability plans by 2027 to secure funding. Chris Boardman, Sport...
Aim to provide JPY 2 trillion in funding for production Mizuho Financial Group, Inc. (President & Group CEO: Masahiro Kihara) aims to provide JPY 2 trillion in financing for the...
Ocean 14 Capital Fund I, focusing exclusively on the multi-trillion-dollar ‘blue economy’, has announced it has closed on €201 million to support its mission of funding sustainable solutions to improve ocean health....
The supply agreement for 65,000 metric tons of circular feedstock advances the Companies’ shared goal to support a circular economy for plastics in North America. Dow and Freepoint Eco-Systems Supply & Trading...
The UK’S fastest and most powerful supercomputer, located at the University of Bristol, is now officially online, with pioneering technology helping to make the UK a world leader in artificial...
Border to Coast Pensions Partnership has launched two propositions and significantly expanded its private markets programme to £16bn following further commitments from LGPS Partner Funds. With an additional £3.6bn committed...
Energy Security Secretary has told Parliament that with growing geopolitical tension, the best agricultural land must be protected for food security. The best agricultural land should be prioritised for food...
Now in its 13th year, Deloitte’s 2024 Gen Z and Millennial Survey connected with nearly 23,000 respondents across 44 countries, examining the evolving circumstances shaping the workplace and the societal experiences of...
ERM, Salesforce, NatureMetrics and Planet have announced a pioneering global alliance to transform how corporations measure and manage their biodiversity impact. The NatureTech Alliance, formed at the World Economic Forum...
Key Points: Microsoft has released its 2024 Environmental Sustainability Report, covering the progress made in fiscal year 2023 against the baseline set in 2020. The full report can be explored...
Einride, a freight mobility company that provides digital, electric and autonomous technology, announced today its partnership with DP World, a renowned global leader in supply chain solutions headquartered in Dubai. The...
Plug Power Inc., a global leader in comprehensive hydrogen solutions for the green hydrogen economy, received a conditional commitment for an up to $1.66 billion loan guarantee from the Department...
Eletrobras, the largest electricity company in Latin America, formalized two new Memorandums of Understanding (MoUs) this week during World Hydrogen 2024 in Rotterdam. These agreements aim to explore opportunities in...
Clean Energy Fuels Corp., the largest provider of the cleanest fuel for the transportation market, and Maas Energy Works, the nation’s largest dairy digester developer, announced a new joint development...
ERM, the largest global specialist sustainability consultancy, has announced a strategic partnership with Workiva, one of the world’s leading cloud platforms for assured integrated reporting. Together, ERM and Workiva will...
UBS Asset Management (UBS AM) has launched the UBS ETF S&P 500 Climate Transition ESG UCITS ETF, marking a significant stride for sustainability-focused investors in Europe. This ETF is the...
S&P Global Commodity Insights, a division of S&P Global, and the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy, metals and energy...
Key Impact Points: Despite growing inflation and cost-of-living pressures, consumers are ready to pay a premium for sustainability, according to PwC’s 2024 Voice of the Consumer Survey. The survey, which...
The UK Sustainable Investment and Finance Association (UKSIF), which brings together 300+ members managing over £19 trillion in global assets under management (AUM), has released a report showing that the...
The Science Based Targets initiative (SBTi) has released the Terms of Reference of the major revision to the Corporate Net-Zero Standard outlining the objectives, scope, deliverables, provisional timeline, and opportunities for engagement...
Key Impact Points: In a bold move aimed at addressing trade imbalances and protecting domestic industries, President Joe Biden announced steep increases in U.S. tariffs on a wide array of...
Ashley Black Guru’s founder Ashley Black and CFO, Brandy Hipp discusses their mission in the wellness industry, updates on products, and growth goals with ESG News CEO, Matt Bird –...
Publicis Groupe announced the appointment of Nannette LaFond-Dufour as Chief Impact Officer. In this newly created global role, Nannette will be responsible for driving immediate impact across the Groupe’s long-term...
McKinsey is accelerating sustainable and inclusive growth across its client work, insights, actions, and charitable giving. McKinsey & Company released its 2023 ESG Report, “Accelerating sustainable and inclusive growth for all.”...
Key Impact Points: The Global Reporting Initiative (GRI) has launched the “CSRD Essentials” series, a practical guide for understanding the EU’s Corporate Sustainability Reporting Directive (CSRD). This initiative, developed with...
IKEA pilots the new Energy Insights feature, to enable customers to monitor their electricity consumption and use energy smarter. The feature is now available in the Swedish IKEA Home smart app, and will...
Key Impact Points: Fidelity International has launched two new sustainable bond funds, reinforcing its commitment to sustainable investment strategies. The new funds, Fidelity Funds 2 – Sustainable Social Bond Fund...
These strategic agreements between Meta and Solarpack will enable the construction of two solar projects with a total capacity of 210 MW (280 MWdc), supporting Meta’s presence in Indiana, including...
Amprion has once again successfully placed a green dual-tranche bond with a total nominal value of €1 billion on the international capital market. The bond was issued under Amprion’s €9...
Key Impact Points: Article: Japan is gearing up to craft a comprehensive strategy aimed at decarbonization and industrial policy by 2040, according to recent announcements from the Prime Minister’s Office....
Private equity firm EQT (EQTAB.ST) announced on Monday it has made a recommended cash offer to acquire Swedish renewable energy company OX2 (OX2SE.ST) for 16.4 billion Swedish crowns ($1.51 billion)....
Key Impact Points: EU Watchdog, The European Securities and Markets Authority (ESMA) has finalized guidelines aimed at curbing greenwashing in the investment sector. These new rules are designed to protect...
Key Impact Points: The Australian government announced a significant A$22.7 billion ($15.0 billion) investment package on Tuesday to bolster domestic manufacturing and renewable energy sectors. This strategic move is part...
NMB Bank Plc Becomes First Tanzanian Bank to List at London Stock Exchange NMB Bank PLC celebrates the listing of its maiden three-year US$ 73 million Sustainability Bond on the...
FertigHy, a pan-European producer of low-carbon, nitrogen-based fertiliser for the agricultural sector, will build its first factory in the Hauts-de-France region in Northern France. The €1.3 billion CAPEX investment build...
Bursa Carbon Exchange (“BCX”), a wholly-owned subsidiary of Bursa Malaysia Berhad (“Bursa Malaysia”), will be hosting the highly anticipated auction of its first Malaysian carbon credits on 25 July 2024....
The Council formally adopted the regulation on CO2 emission standards for heavy-duty vehicles, amending and strengthening the existing EU rules. The updated rules will further reduce CO2 emissions from road transport and will introduce...
Schroders Greencoat, the specialist renewables and energy transition infrastructure manager of Schroders Capital, today announces a £170 million commitment from the Environment Agency Pension Fund (EAPF) into its UK flagship...
New capabilities help companies gain comprehensive Scope 3 data coverage, provide tailored guidance to activate suppliers Optera, a leader in ESG and carbon management software, today launched its Outreach module...
ERM, the world’s largest specialist sustainability consultancy, has extended its carbon market services with the launch of ERM Climate Markets, a new business line designed to help companies mitigate unabated greenhouse gas...
BlackRock appointed Will Thomson as Managing Director, a Portfolio Manager in the Climate Infrastructure team in New Zealand, effective July 2024. This follows BlackRock’s announcement to launch a New Zealand-focused...
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 Column Tim...
In the tumultuous landscape of the US culture wars, fear and values have become the twin engines of US politics. Their combination forms a formidable narrative that sways voters. As...
The US has issued a raft of new climate policies in recent months as the Biden administration attempts to shield progress against any future government backtracking. This week alone, the EPA finalized a rule...
SAP Fioneer ESG Solutions and ESG Book partner to empower financial services institutions with transparent sustainability data SAP Fioneer, a leading provider of financial services software solutions and platforms, has...
Energy Exemplar, a leading global provider of energy market simulation software, announced the completion of its acquisition by private equity funds affiliated with Blackstone (”Blackstone”) and Vista Equity Partners (“Vista”). “Completing our transaction with...
Heavy-duty electric trucks are now rolling out across Southern California, including Amazon’s first electric trucks in our ocean freight operations. Customers in Southern California may soon begin spotting the newest...
re.green has finalized its largest carbon removal (CDR) project to date. re.green will deliver approximately 3 million tons of carbon removal credits over a 15-year period through the restoration of...
Broadening our ambition in greenhouse gas reduction Standard Chartered enhances net zero roadmap with commitment to deliver methane (CH4) emissions reduction target. A methane target aligns with our focus on...
PepsiCo is setting a new standard for sustainability within the food and beverage industry. Their beverage plant in Álava, Basque Country, Spain is on track to become the company’s first...
Frontier has facilitated offtake agreements with Vaulted Deep, a carbon removal company that injects carbon-rich organic waste deep underground for permanent storage. Vaulted spun out of—and uses core tech from—Advantek Waste...
KfW Development Bank is committed to the concept of sustainability, an economic system that safeguards the livelihood and quality of life for the coming generations, too. This is why KfW...
The Earthshot Prize and its network have catalyzed £50M in funding in addition to Prize Money, reaching 54M people on average each year on social media since 2021. The finalists...
OUE REIT Management Pte. Ltd., in its capacity as manager of OUE Real Estate Investment Trust (“OUE REIT”, formerly known as “OUE Commercial REIT”), is pleased to announce that OUE...
New plan to help cut methane, not corners, as part of net zero by 2050 ambition. Mars, Inc., has announced the launch of an ambitious sustainable dairy plan that will...
As the global community intensifies efforts to combat climate change, the importance of net-zero emissions targets has come into sharp focus. These targets, which aim to balance the amount of...
Renewables generated a record 30% of global electricity in 2023, driven by growth in solar and wind. With record construction of solar and wind in 2023, a new era of...
Key take-aways The largest direct air capture and storage plant, named Mammoth, starts operations in Iceland. It is the second commercial facility of Climeworks in Iceland and is about ten...
There is a clear sense that global CEOs in 2024 are more confident about controlling what they can and managing what they can’t. Resilience has fueled a more positive outlook...
Hannon Armstrong Sustainable Infrastructure Capital, Inc., a leading investor in climate solutions, and KKR, a leading global investment firm, announced an agreement to establish CarbonCount Holdings 1 LLC to invest...
Antoni Ballabriga, Global Head of Sustainability Intelligence & Advocacy at BBVA and member of the EU High-Level Expert Group (HLEG) on Scaling Up Sustainable Finance in Low and Middle-income Countries,...
The United Kingdom (UK) and Singapore held the 9th UK-Singapore Financial Dialogue in Singapore today. Both countries discussed collaboration opportunities in priority areas such as sustainable finance and FinTech and...
The first phase of the U.K.’s Sustainability Disclosure Requirements (SDR), known as the anti-greenwashing rule, comes into effect at the end-of-May and will be followed by a series of substantial...
Exxon Mobil Corporation announced that Maria Jelescu Dreyfus has joined its board of directors, effective May 3, 2024. Ms. Dreyfus is CEO and founder of Ardinall Investment Management, an investment...
Boston Consulting Group (BCG) released its Annual Sustainability Report: From Bold Ideas to Exponential Impact. The report showcases the firm’s work throughout 2023 to find the most valuable, sustainable, and innovative...
Plenitude publishes its financial statements for 2023, as well as its Sustainability and Impact Report. The 2023 financial year ended with an adjusted operating profit of €515 million and an adjusted net...
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