ESG Asia
Southwest Airlines Co. announces the acquisition of SAFFiRE Renewables, LLC (SAFFiRE) as part of the investment portfolio of its wholly owned subsidiary Southwest Airlines Renewable Ventures, LLC (SARV). SARV is dedicated...
Phillips 66 announced a major milestone in its conversion of the San Francisco refinery into the Rodeo Renewable Energy Complex, expanding commercial scale production of renewable diesel. The Rodeo Renewed...
First Comprehensive Federal Strategy Outlines Pathways to Reduce Emissions 90% in Buildings Sector by 2050, Reinforcing President Biden’s Investing in America Agenda to Lower Energy Costs, Improve Resilience, and Tackle...
The U.S. Department of Agriculture published the second edition of Quantifying Greenhouse Gas Fluxes in Agriculture and Forestry: Methods for Entity Scale Inventory. The report provides farmers, ranchers, and forest...
The United Nations Global Compact, the world’s largest corporate sustainability initiative announced the launch of the 2024 SDG Pioneers campaign today. The SDG Pioneers is designed to honor exceptional individuals...
Investment funds managed by Morgan Stanley Capital Partners (“MSCP”), the middle-market focused private equity team at Morgan Stanley Investment Management, announced it has acquired Resource Innovations (“RI” or the “Company”),...
In a groundbreaking revelation, the Rhodium Group and MIT CEEPR have unveiled the 2023 Clean Investment Monitor (CIM), a comprehensive database showcasing the transformative landscape of clean technology investments across...
A new report by Boston University’s Global Development Policy Center and the African Economic Research Consortium sheds light on China’s potential to be a transformative force in Africa’s shift towards...
SSAB’s Board of Directors have taken the decision to proceed with the next step in SSABs transition, building a state-of-the-art fossil-free mini-mill in Luleå, Sweden. When completed SSAB will close...
In the streets of some of the world’s fastest-growing cities, a powerful shift is underway. As the sun rises, the familiar sounds of car horns and bustling crowds are joined...
JERA Co., Inc (“JERA”) recently signed a Joint Study Agreement (“JSA”) with Petroliam Nasional Berhad (PETRONAS), through its subsidiary – PETRONAS CCS Solutions Sdn. Bhd. (“PCCSS”), to evaluate the feasibility...
Octopus Energy today launches the UK’s first heat pump and solar referral scheme to further drive the rollout of clean heating devices and help deliver net zero. Since launching to...
Investment round led by Mercuria Energy Group with participation from Ridgewood Infrastructure and supported by existing investors MN8 Energy LLC (“MN8” or “The Company”), one of the largest and most sophisticated...
Tokyo-based banking group Mitsubishi UFJ Financial Group (MUFG) unveiled a significant commitment to sustainability. The company announced a nearly threefold increase in its 2030 sustainable finance target, alongside the establishment...
In a decisive move, the Metropolitan Transportation Authority (MTA) Board, acting as the Triborough Bridge and Tunnel Authority board, established toll rates for New York City’s Central Business District, marking...
Provisional data shows UK territorial greenhouse gas emissions fell further across several key sectors between 2022 and 2023. The UK continues to lead the way in cutting emissions after provisional data...
Due to the demands of her role as Assistant Secretary-General of the United Nations and Deputy Executive Director of the United Nations Environment Program (UNEP), the Taskforce on Nature-related Financial...
The U.S. Department of Energy (DOE), the U.S. Department of Treasury, and the Internal Revenue ServiceGreenhouse (IRS) announced $4 billion in tax credits for over 100 projects across 35 states...
In the comprehensive report titled “Citi’s Approach to Climate Change and Net Zero” released on March 28, 2024, by Citi under the stewardship of Chief Executive Officer Jane Fraser, the...
New research from Material Focus has identified that as the demand for electrical items soars amongst consumers, more of these items are either being held onto in UK homes, thrown...
A majority (70%) of European companies align less than 25% of their capital expenditures (CapEx) toward transitioning towards a net-zero economy, new analysis by CDP and Oliver Wyman reveals. Meanwhile,...
Leeward Renewable Energy, a leading renewable energy company, today announced that it has entered into two 200-megawatt (MW) Power Purchase Agreements (PPA) with Microsoft Corp. Through these PPAs, Microsoft will...
Larry Fink’s annual letters carry a lot of clout. As CEO of the world’s largest asset manager, BlackRock, with over $10 trillion in assets under management (AUM), his annual open...
Welcome back to the ESG News Week In Review! We’re thrilled to have you with us again. Get ready for another week of staying ahead with our curated roundup of...
Following CMA action, millions of consumers can now expect to see accurate and clear green claims when shopping for fashion items with ASOS, Boohoo and George at Asda. The undertakings...
Tesco, the UK’s leading supermarket and NatWest, the largest UK bank for business and one of the largest for the farming sector, have launched a new discounted climate and sustainable...
Households across all continents wasted over 1 billion meals a day in 2022, while 783 million people were affected by hunger and a third of humanity faced food insecurity. Food...
The dedicated team behind Brent Floating Farms is working hard to combat devastating environmental damage caused by current agricultural methods, as well as the vast myriad of major challenges faced...
Persefoni Pro, a free, enterprise-grade tool, enables businesses to create accurate carbon footprints for internal and external stakeholders Persefoni, a leading Climate Management & Accounting Platform (CMAP) for enterprises and...
Nestlé and The Global FoodBanking Network (GFN) signed a Memorandum of Understanding (MOU) to solidify their collaboration in fighting hunger. “We tackle food insecurity by helping people in need gain...
Antofagasta plc (the “Company”) announces that the Board of Directors (Board) has approved updated greenhouse gas emissions targets, with the Company having successfully met the Company’s previous emissions target ahead...
The Sustainability Plan of Petróleos Mexicanos (PEMEX) was authorized by its Board of Directors, through Agreement CA-010-2024, which is aligned with the strategic objective of the institution’s Business Plan to...
TenneT Holding B.V. successfully priced a dual Tranche Green Hybrid Bond of EUR 550 million with a coupon of 4.625% and a non-call period of 5.25 years and EUR 550...
Australia is igniting a clean energy revolution, determined to become a global leader in the renewable energy sector. This ambitious transition promises a brighter future, not just for the environment,...
Suniva and Heliene Announce Strategic Sourcing Contract to Produce First U.S. Domestic Content-Eligible Crystalline Silicon PV Modules Suniva, Inc., the largest and oldest U.S. manufacturer of high-efficiency monocrystalline silicon solar cells and Heliene, Inc., a...
The Netherlands’ five largest pension funds, representing a combined €900 billion ($975 billion) in assets, are offering to invest significant capital and expertise to expedite the country’s energy transition. This...
SLB Announces Agreement to Acquire Majority Ownership in Aker Carbon Capture SLB and Aker Carbon Capture will combine technology portfolios, expertise and operations platforms to bring carbon capture solutions to...
New guidance published on production of hydrogen from water using electrolysis The Environment Agency has published guidance on emerging techniques for the production of hydrogen from water using electrolysis. The guidance – developed...
Congressman Greg Murphy, M.D. introduced the Safeguarding Investment Options for Retirement Act, legislation to prohibit tax-advantaged retirement plan trustees from considering factors other than financial risk and return when making...
BlackRock, the world’s largest asset manager, is under fire again for its environmental, social and governance (ESG) investment strategies. This time, Mississippi Secretary of State Michael Watson issued a “cease...
As part of the plans to lower the climate footprint from the investments, Industriens Pension is now introducing a new climate-related benchmark, which partly sets the direction for the foreign...
New study finds 60% of consumers say shopping secondhand apparel gives them the most bang for their buck; 55% say they’ll spend more on secondhand if the economy doesn’t improve....
In 2023, 96 percent of power consumption at BBVA Group facilities came from renewable sources, well above the 70 percent target set for 2025. In Spain, Portugal, Colombia, Uruguay, Mexico,...
Results highlight that current transition plans are insufficient for investors to accurately gauge transition risk, a material financial risk for high-emitting companies on the Climate Action 100+ focus list. Climate...
In a landmark move, the French and Brazilian presidents announced a $1.1 billion initiative aimed at preserving the Amazon rainforest, signaling a renewed partnership between France and Brazil. This collaboration...
Walmart recently announced significant progress in its energy transformation strategy. This initiative aims to expand access to clean energy, create positive economic and environmental outcomes, and support the company’s growth...
Climeworks, global leader in carbon removal via direct air capture, and the LEGO Group, one of the world’s leading manufacturers of play materials, entered a 9-year agreement to permanently remove...
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, and Idemitsu Kosan (IKC), one of Japan’s leading energy companies, today announced a joint investment into Skye Renewables Energy...
These senior hires will help Verdane continue to deploy thematically behind two structural growth trends, digitalisation and decarbonisation. 2024 is set to bring a greater focus on decarbonisation as an...
The fate of the European Union’s ambitious Nature Restoration Law (NRL) is in jeopardy after several member states reversed their initial support for the legislation. The NRL, a cornerstone of...
Nature Action 100, the first global investor engagement initiative to address the urgent crisis of nature and biodiversity loss around the world, has published a new field guide to equip...
President Bola Ahmed Tinubu has affirmed Nigeria’s commitment to diligently implement world-leading sustainability reporting standards aimed at unlocking capital investments, transforming business models, and safeguarding the environment in the country....
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, launched a consultation on Draft Regulatory Technical Standards (RTS) related to the registration and supervision of external reviewers...
British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, today announced a US$ 100 million finance facility with the Eastern and Southern African Trade and Development...
Global utility companies, generally perceived as some of the worst offenders when it comes to climate transition and meeting future net zero carbon emissions, are actually playing a driving force...
The Next 150, has signed a 6-year purchase agreement with Microsoft to supply 95,000 tons of high-quality Carbon Dioxide Removal (CDR) credits produced by its General Biochar Systems (GBS) business...
The Republic of Iceland issued a green bond in the amount of 750 million euros, the equivalent of ISK 111 bn. The bond bears a 3.5% fixed rate coupon, a...
South Korea has pledged a significant financial commitment to tackling climate change, announcing a $313 billion green financing plan. This initiative aims to slash greenhouse gas emissions by 40% from...
Mitsubishi Corporation has entered into an MOU with other large international companies to sponsor the creation of a global coalition, the e-NG Coalition, which is exclusively dedicated to electric natural...
Rising temperatures could drive food inflation up by 3.2 percentage points and overall inflation by 1.18 percentage points annually by 2035, according to a new study by Potsdam Institute for...
The recent explosion of climate-focused investment vehicles has sparked a crucial question: how impactful are these funds in driving the transition towards a sustainable future? A closer look at the...
President Biden’s Investing in America Agenda Provides the Single Largest Industrial Decarbonization Investment in the Nation’s History, Driving $20+ Billion in Total Investment to Revitalize Manufacturing Communities and Create and...
Google commemorates World Water Day by highlighting four new partnerships that contribute to water security in communities near its operations. These initiatives target diverse water challenges and demonstrate Google’s commitment...
I recently spent a day in one of my Happy Places, strolling around Texworld, the twice-yearly global textile exhibit at the Javits Center in New York City. After 30 years...
Welcome to the ESG News Week In Review! Stay ahead with our curated roundup of the week’s top headlines covering ESG around the globe. Dive into the latest developments in...
Europe continued its leadership in sustainability policy with the approval of the Corporate Sustainability Due Diligence Directive (CS3D) late last week. The new policy requires companies to identify and mitigate...
BNP Paribas Asset Management announces the launch of the BNP Paribas Global Net Zero Transition Equity fund, a Luxembourg-domiciled equity fund offering investors exposure to a well-diversified strategy across sectors,...
TP ICAP, a world-leading provider of market infrastructure, announced the acquisition of Aotearoa Energy, a New Zealand-based gas, power, and carbon brokerage firm. The acquisition is complementary to ICAP’s market-leading...
A recent study published in Nature highlights Google Research’s groundbreaking work in utilizing AI for accurate river flood prediction. This translates to up to 7 days’ warning for people in...
As part of its commitment to reach net zero emissions by 2050, Nestlé has launched two new projects, developed with suppliers Cargill and ETG | Beyond Beans, both aiming to...
The world’s climate goals hinge on accelerating policy and innovation to deploy low-carbon cement technologies in key regions. Cement: Crucial but Carbon-Heavy Cement, a cornerstone of global infrastructure, is also...
Barclays and Lightsource bp announced that they have committed to a $140 million tax equity deal which will finance the construction of the Prairie Ronde 180MWdc solar project in St....
Billups, a global Out-of-Home (OOH) managed services agency helping advertisers and agencies strengthen media performance through a patented analytics and measurement platform, has chosen Cedara, the Carbon Intelligence Platform for marketers,...
Carbon markets hold immense potential to propel corporate climate action, but significant adaptations are necessary to unlock their full potential. Businesses play a pivotal role in achieving global climate goals....
As the UK gears up for the introduction of its Carbon Border Adjustment Mechanism (CBAM) in January 2027, this landmark policy is poised to redefine the landscape of carbon pricing...
The U.S. Environmental Protection Agency announced final national pollution standards for passenger cars, light-duty trucks, and medium-duty vehicles for model years 2027 through 2032 and beyond. These standards will avoid...
Furthering its environmental promise, Starbucks verifies 6,000 Greener Stores in more than 40 markets globally Company awards six new Greener Stores of the Year across international regions, celebrating stores at...
“The electrification of energy is unstoppable and will expand exponentially in the years ahead, supporting decarbonisation, boosting energy security, and reducing the volatility caused by fossil fuels. Our strategic pillars...
The Texas Permanent School Fund (PSF), a financial cornerstone for the state’s public schools, is severing its relationship with investment giant BlackRock in a contentious dispute centered on environmental, social,...
New indexes draw on the strengths of Morningstar’s Sustainalytics & Indexes businesses to deliver diversified, broad exposure to companies leading their sector peers in their readiness for—and action towards—climate transition...
EDP Renewables North America and Volt Energy Utility, announced a partnership today launching the development of Hickory Solar Park (Hickory), a 110 MWac photovoltaic (PV) project located near Jerseyville, Illinois. Microsoft has agreed to...
Transaction Marks First U.S. Investment from KKR’s Global Climate Strategy KKR, a leading global investment firm, announced the signing of a definitive agreement pursuant to which investment funds and accounts...
At its third annual ESG Conference, Mercedes-Benz demonstrates commitment to achieving ambitious and measurable goals. Driven by tomorrow and a clear focus on the entire value chain, Mercedes‑Benz firmly embeds...
Lombard Odier Investment Managers (LOIM) has appointed Mona Shah, a recognized leader in sustainable investing, as Senior Sustainability Strategist. This strategic move strengthens LOIM’s commitment to sustainability and positions them...
Accompanied by construction crews on Oct. 12, 2023, Intel CEO Pat Gelsinger tours the company’s two new fabrication plants being built in Chandler, Arizona. The new factories on the company’s...
ESO publishes investment plan for future energy system: The Electricity System Operator (ESO) has published a report called “Beyond 2030”, which proposes a £58 billion investment in the electricity grid to...
The SBTi has released an updated guidance for land vehicles, including a new method for automakers to set 1.5°C emissions reduction targets. The Science Based Targets initiative (SBTi), an international...
Schneider Electric, the leader in the digital transformation of energy management and automation, and Hy Stor Energy, a company pioneering carbon-free renewable hydrogen production and long-duration storage at scale, announced they have signed a...
The District Court of Amsterdam has found KLM’s greenwashing in its advertising illegal, setting a major legal precedent with ramifications across the international aviation sector and for all companies advertising...
Climate change has arrived, with severe impacts emerging at lower temperatures than expected. The distribution has shifted – historic tail risks are now expected. ‘Climate Scorpion – the sting is...
The new collaboration adds physical climate risk modelling to JLL’s end-to-end real estate Decarbonization Strategy JLL announced a strategic agreement with global climate risk analytics technology firm, Jupiter Intelligence. JLL supports...
GRESB, the global sustainability benchmark for real assets, proudly announces the forthcoming launch of REAL Solutions, a dynamic suite of tools designed to empower real assets managers and investors with...
New ASEAN Energy (NAE) and ACTUAL have formed an agreement, leveraging ACTUAL’s AI-driven capital planning technology to develop a comprehensive net-zero emissions strategy for The Pengerang Energy Complex (PEC). PEC...
The companies will work to address barriers to early-stage commercial project deployment. Google LLC, Microsoft Corporation, and Nucor Corporation today announced they will work together across the electricity ecosystem to...
Key findings The impacts of carbon commitments will materialize in lease markets in the next 12 to 24 months, creating a tipping point where investments in low-carbon buildings will start...
Through the agreement, the two organizations have agreed to co-invest in Sustainable Aviation Fuel (“SAF”), allowing Standard Chartered to balance CO₂ emissions linked to its upstream logistics with high quality...
JX Nippon Oil & Gas Exploration Corporation (“JX”; President & CEO: Toshiya Nakahara) and Chevron New Energies, a division of Chevron U.S.A. Inc., have signed a Memorandum Of Understanding (“MOU”)...
Report Reveals Snake River Dams Annually Spew 1.8M Metric Tons of Carbon Emissions New science on the four Lower Snake River dams is in and it disproves claims that hydropower...
Google Announces Sustainability Efforts in Arizona Google is committed to building a more sustainable future in Arizona. Their efforts focus on two main areas: bringing clean energy to the state...
Oracle announced Oracle Cloud EPM for Sustainability, a new solution in Oracle Fusion Cloud Enterprise Performance Management (EPM) that helps organizations efficiently measure and effectively manage sustainability initiatives. The new solution will help...
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