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Hero Future Energies, a unit of the Hero Group, is set to invest $20 billion over the next six years to expand its renewable energy capacity nearly 16-fold, according to...
A new partnership between BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX aims to revolutionize AI infrastructure with a potential $100 billion investment. The Global AI Infrastructure Investment Partnership (GAIIP)...
Vanguard’s Investor Choice proxy voting pilot, launched in early 2023, has revealed new data from the 2024 proxy season, showing growing individual investor engagement. The initiative enables individual investors to...
More than 530 financial institutions, managing over $29 trillion in assets, are pressuring governments worldwide to take decisive action on the climate crisis. In a joint statement ahead of COP29,...
Travalyst has made flight emissions data more accessible than ever, scaling its information to appear in over 65 billion flight searches globally. This effort, led by the non-profit founded by...
Hygenco Green Energies Pvt Ltd, a leader in green hydrogen production, has signed a Memorandum of Understanding (MOU) with REC Limited to finance its Green Ammonia Project in Gopalpur, Odisha....
The Commission’s Approval The European Commission has approved Poland’s €1.2 billion (PLN 5 billion) state aid scheme, designed to drive investments in sectors crucial for the shift to a net-zero...
European Commission President Ursula von der Leyen has revealed the team that will lead the EU’s most powerful institution for the next five years, with a clear focus on addressing...
The 2023 National Solar Jobs Census, published by the Interstate Renewable Energy Council (IREC), reveals a notable increase in solar jobs across the U.S. The report shows 279,447 workers are...
Despite increasing urgency to address climate change, corporate decarbonization progress has slowed. A new report by Boston Consulting Group (BCG) and CO2 AI reveals minimal progress by companies in addressing...
Tata Power has unveiled an ambitious plan to invest approximately 700-750 billion rupees ($8.95 billion) over the next five to six years to ramp up its renewable energy capacity. According...
Enfinium, a leading UK energy from waste operator, has launched the country’s first carbon capture pilot at its Ferrybridge facility in West Yorkshire. The trial marks a pivotal moment for...
Carlyle has announced a strategic partnership with North Bridge ESG LLC, committing up to $1 billion to boost the origination of commercial property assessed clean energy (C-PACE) loans. This partnership...
At Goldman Sachs, a new ESG filter is rethinking how companies are evaluated by focusing on circularity—the extent to which they recycle, manage waste, and reuse materials. This model has...
Deloitte has launched Deloitte Academies, an initiative designed to equip organizations with critical skills for future success, focusing on areas like AI, sustainability, and leadership development. As businesses face rapid...
The PDIE (Purpose Driven Innovation Ecosystem) Group known as the No1 Earthshot Prize nominator, and Venionaire Capital, a leading global investment company based in Vienna, Austria, are proud to announce...
Apple’s Green Push for iPhone 16 Apple continues its drive toward sustainability with the release of the iPhone 16 and iPhone 16 Plus, reducing their carbon footprint by 30% compared...
The European Commission has approved a €682 million ($756.54 million) Belgian state aid package to support the growth of offshore wind energy. The funds will back the construction and operation...
1PointFive, a subsidiary of Occidental, has secured up to $500 million in funding from the U.S. Department of Energy (DOE) to develop its South Texas Direct Air Capture (DAC) Hub....
Germany and Australia signed a $660 million deal to strengthen green hydrogen supply chains, equally funded by both governments. The agreement aims to provide European buyers for Australia’s renewable hydrogen...
The UAE continues to make significant strides in clean energy investments, with total investments exceeding $12 billion (AED 45 billion), according to Suhail bin Mohammed Al Mazrouei, Minister of Energy...
TotalEnergies Joins Japan’s First Low-Carbon Hydrogen Fund TotalEnergies has entered the “Japan Hydrogen Fund” as an investor during its first close. The fund, initially endowed with over $400 million, is...
India’s push toward clean energy just received a major boost, with $386 billion in funding commitments to help reach its target of 500 gigawatts (GW) of renewable energy by 2030....
American Express Global Business Travel (Amex GBT) has achieved a significant milestone in corporate climate action, with its emissions reduction targets validated by the Science Based Targets initiative (SBTi). This...
For more from Tim Mohin, sign up for his newsletter here Tuesday’s US Presidential debate was remarkable for many reasons – but climate was not one of them. However, we listened...
BBVA Expands to Houston for U.S. Energy Transition Leadership BBVA Group has opened a new office in Houston, positioning itself as a key player in financing the U.S. energy transition....
IFC issues a 2.6 billion Swedish krona green bond to promote blue finance in emerging markets. The $243 million bond will finance ocean-friendly projects and improve access to clean water...
ERM, the world’s leading sustainability consultancy, has teamed up with osapiens, an AI-driven ESG platform provider, to help businesses manage and act on ESG data. This partnership aims to simplify...
Allianz Global Investors (AllianzGI) has secured EUR 560mn in total commitments at the first closing of its Impact Private Credit (IPC) strategy. Key investors include Allianz, APG Asset Management, the...
The 2024 State of the Energy Union report highlights the EU’s significant progress in ensuring secure, competitive, and affordable energy, while also laying the groundwork for future economic growth and...
Standard Chartered Leads Innovative Financing for Carbon Removals Standard Chartered is breaking new ground by providing debt financing to UNDO, a project developer specializing in enhanced rock weathering, a method...
China’s Envision Group Expands Green Hydrogen Efforts in Spain Spain has signed a $1 billion deal with China’s Envision Group to build a factory producing electrolysers, a critical component for...
Deloitte’s 2024 CxO Sustainability Report reveals a growing commitment to sustainability, with 85% of CxOs increasing their investments, up from 75% last year. This shift signals climate action’s lasting presence...
The U.S. Environmental Protection Agency (EPA) has released proposed updates to its Recommendations of Specifications, Standards, and Ecolabels for Federal Purchasing. These updates are aimed at helping federal government buyers...
HSBC Asset Management (HSBC AM) expands its private credit capabilities by launching the Global Transition Infrastructure Debt and European Senior Direct Lending strategies, further scaling its USD 6.5 billion global...
Thomson Reuters Announces Integration with SAP for ESG Reporting Thomson Reuters (TSX/NYSE: TRI) has partnered with SAP to launch a product integration that simplifies Environmental, Social, and Governance (ESG) reporting...
Oracle recently introduced Oracle Fusion Cloud Sustainability, a new application within its Fusion Cloud Applications Suite. The offering helps organizations manage and report on sustainability initiatives efficiently—at no additional cost....
Patagonia is taking bold steps to protect global forests by joining Canopy’s Pack4Good initiative. The outdoor apparel giant has committed to sourcing its packaging from non-forest fibers, aiming to eliminate...
The European Investment Bank (EIB) and the Development Bank of Southern Africa (DBSA) have increased their support for private sector renewable energy projects, boosting their combined financing to €600 million...
Worldly, a leader in supply chain sustainability insights, launched its Product Impact Calculator, the first tool to seamlessly integrate primary supply chain data with pre-built product impact models. This innovation...
QNB Group has signed a landmark agreement with DHL Express to incorporate Sustainable Aviation Fuel (SAF) into its shipping solutions, cutting CO2 emissions by 50% for all express air shipments....
A new report by the Transition Pathway Initiative (TPI), based at the London School of Economics, finds that 30% of the world’s largest corporate emitters now have climate targets aligned...
New analysis by the Travel Smart campaign, led by T&E, reveals that tech companies are significantly cutting business travel emissions, with an average reduction of 49% in 2023 compared to...
The 2024 UK Net Zero Business Census sheds light on the nation’s progress toward reducing carbon emissions. The study, which is the largest of its kind, surveyed over 2,000 businesses,...
Upright has just launched a groundbreaking open database, the first of its kind, covering the science-based impact of over 35,000 mutual funds and ETFs worldwide. This initiative offers an unprecedented...
The Growing Role of ESG Ratings With 94% of investors relying on ESG ratings at least once a month, the influence of these tools in financial markets has surged. Despite...
ClimeCo, a leader in decarbonization and sustainability solutions, has introduced the ClimeCo Certified Product™ Program to address the growing demand for sustainable products. This program offers businesses a way to...
Brookfield Asset Management has partnered with Infinium, the first producer of ultra-low carbon eFuels, to invest up to $1.1 billion in scaling Infinium’s sustainable aviation fuel (eSAF) and other eFuels...
Google has announced a groundbreaking partnership with Holocene to purchase carbon removal credits at the lowest price recorded for direct air capture (DAC) technology: $100 per ton. This marks a...
AI-Powered Platform ESGSure Revolutionizes ESG Research ESG Data & Solutions (ESGDS) has launched ESGSure, an artificial intelligence-powered platform designed to simplify and scale environmental, social, and governance (ESG) research. It...
Nordea Asset Management (NAM), a leading Nordic investment manager, has been awarded a $450 million global equity mandate by the California State Teachers’ Retirement System (CalSTRS). CalSTRS, one of the...
The UK Financial Conduct Authority (FCA) has extended the deadline for sustainable fund marketing rules to April 2025. This extension applies to the “naming and marketing” rules designed to curb...
Euronext Expands Sustainable Finance Tools Euronext has launched a series of ESG initiatives to support sustainable finance and corporate transparency, announced during Euronext Sustainability Week. These new tools are part...
India has unveiled its largest wind energy project, which will power 3 million households. The 1,166-megawatt (MW) initiative is a collaboration between government-owned NTPC Green Energy Limited (NGEL) and Suzlon...
Novata Expands with New Sustainability Tools for Private Companies Novata, a leader in sustainability management for private markets, has launched “Novata for Companies,” a new platform designed to help private...
Robeco has unveiled its new High Income Green Bonds strategy, becoming the first asset manager to offer an Article 9 green bond strategy in the credit market. This innovative approach...
Nasdaq Dubai has welcomed a $400 million Green Bond issued by the Bank of China (Dubai Branch), part of the bank’s $40 billion Medium Term Note Programme. The bond, rated...
As global ESG reporting regulations tighten, companies are under pressure to improve their sustainability data management. Yet, according to an Accenture study, only 10% of CFOs feel ready for detailed...
Equinix, the world’s leading digital infrastructure company, has issued more than $750 million in green bonds, furthering its commitment to sustainability. With these new bonds, Equinix has raised a total...
The Big Picture Australia’s mandatory climate reporting starts January 1, 2025, following the passage of the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill. Royal Assent is expected...
The Asian Development Bank (ADB) has committed to dedicating 50% of its annual lending to climate finance by 2030, significantly increasing its previous target of 35%. This forms part of...
CEOs’ Priorities Shift Away From Sustainability New research from Bain & Company reveals a sharp decline in CEOs’ focus on sustainability as artificial intelligence, inflation, and geopolitical uncertainties rise to...
Schneider Electric, a leader in energy management, has partnered with GR3N to revolutionize the plastic recycling industry. GR3N’s Microwave Assisted DEpolymerization (MADE) process breaks down polyethylene terephthalate (PET) waste into...
The U.S. Environmental Protection Agency (EPA) has issued three draft permits to Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental Petroleum, for the underground storage of carbon dioxide. These...
Nasdaq ESG Solutions has partnered with Crux, a sustainable finance technology company, to help businesses navigate the emerging market of transferable tax credits. This collaboration allows companies to both manage...
ESG has had its ups and downs over the last few years. We hit peak ESG in 2021 with record investment flowing toward ESG-labeled funds and the highest number of mentions in earnings...
SEB’s Sustainable Investment Commitment SEB has unveiled the SEB Global Sustainable Companies Fund, a groundbreaking investment vehicle dedicated to companies that excel in environmental and social responsibility. As a pioneer...
Europe’s climate is changing fast, bringing extreme weather that poses significant risks to the region’s economy, environment, and health. With the continent warming at twice the global average since 1980,...
Volvo Trucks is set to revolutionize the electric truck market with its latest model, which boasts a range of up to 600 km on a single charge. This new capability...
BNP Paribas Accelerates Ecological Transition with €150M Fund BNP Paribas Asset Management (BNPP AM) announced that the BNP Paribas Solar Impulse Venture Fund (BNPP SIVF) has successfully raised its minimum...
The United Nations is collaborating with the Government of Tajikistan to develop a green bond market, aiming to enhance sustainable finance in the country. The UN Economic and Social Commission...
Mercedes-Benz Research and Development India (MBRDI) has broadened its Sustainability Garage initiative, an effort aimed at promoting sustainable mobility and environmental innovation. This expansion includes the establishment of two new...
Addressing the Heat Crisis Google Research is harnessing the power of AI to tackle one of the most pressing environmental challenges: extreme urban heat. The new Heat Resilience tool, developed...
Fastmarkets, a leader in cross-commodity price reporting, has launched its first sustainable aviation fuel (SAF) prices for the North American market. This new initiative is designed to enhance transparency and...
BNP Paribas Asset Management (BNPP AM) has launched two new equity funds under its Active Beta exchange-traded funds (ETFs) range: the BNP Paribas Easy Sustainable Japan UCITS ETF and the...
ADNOC’s Strategic Stake in ExxonMobil’s Hydrogen Plant Abu Dhabi’s ADNOC will acquire a 35% stake in ExxonMobil’s upcoming hydrogen plant in Baytown, Texas. This move is part of a broader...
Volvo Car AB has revised its electric vehicle (EV) strategy, moving away from its initial goal of becoming fully electric by 2030. Instead, the company now plans for plug-in hybrids...
Poland is now aiming for a 56% share of renewable energy in its electricity mix by 2030, according to Climate Minister Paulina Hennig-Kloska. This target, presented in a draft of...
Microsoft is doubling down on its commitment to sustainability with the formation of a new supplier decarbonization team. This initiative aims to tackle the rising carbon footprint associated with the...
Mirova, an affiliate of Natixis Investment Managers focused on sustainable investing, has announced the final closing of its first impact private equity fund, Mirova Environment Acceleration Capital (MEAC). The fund,...
The Abu Dhabi Department of Energy (DoE) is taking significant steps to foster a culture of sustainability among the younger generation in Abu Dhabi. By launching a series of initiatives,...
ACEN, GenZero, and Keppel Ltd. have partnered to drive the early retirement of the South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant (CFPP) in Batangas, the Philippines. The Memorandum...
Key Impact Points: Bank of America’s Carbon Capture DealBank of America is making a significant move into carbon capture, investing $205 million in a first-of-its-kind tax credit deal with Harvestone...
SAP Taiwan has opened its first-ever ESG and AI Research and Innovation Center in Kaohsiung, marking a significant step towards accelerating sustainable transformation in Taiwan. This center is set to...
Change is here, but are we ready? According to PwC’s latest Global Workforce Hopes and Fears Survey, over half of workers feel overwhelmed by the amount of change happening in...
The global data center industry is expected to emit approximately 2.5 billion metric tons of carbon dioxide-equivalent through 2030, according to a recent report from Morgan Stanley. This level of...
The Potential of AI in UAE Investment in Artificial Intelligence (AI) is poised to significantly boost the UAE’s economy, potentially adding an extra Dh335 billion ($91.28 billion) by 2031. This...
Nestlé continues to push the boundaries of sustainable packaging with innovative paper-based solutions across major brands. In a bid to significantly cut plastic waste, the company is making strides with...
Low-carbon technologies have delivered 42% more primary energy since 2015, mainly driven by supply-side initiatives. However, hydrocarbon demand increased by 31 exajoules in the same period. A new Boston Consulting...
Bridgestone, Grupo BB&G, and Versalis have launched a groundbreaking initiative to establish a closed-loop ecosystem for tyre recycling. The partnership focuses on transforming end-of-life tyres (ELTs) into new, high-performance tyres,...
China is accelerating its green transition, leveraging financial instruments to promote sustainable development. According to guidelines from the Communist Party of China Central Committee and the State Council, the focus...
Eni and Snam have launched Ravenna CCS, Italy’s first carbon capture and storage project, positioning it as a leading initiative in global carbon capture efforts. This project is a cornerstone...
EDP Renewables (EDPR) and Microsoft are taking significant strides towards clean energy in Singapore. Under a new 20-year agreement, Microsoft will purchase 100% of the renewable energy exported from EDPR’s...
The UK’s latest renewable power auction marks a significant step in reviving the offshore wind sector. Ørsted and Iberdrola were among the big winners, securing contracts for major projects like...
Amancio Ortega, the founder of Zara, is making waves in the renewable energy sector. His investment firm, Pontegadea, nearly tripled its investments in renewable energy projects last year, allocating €693...
A recent poll reveals that petrol car drivers have a poor understanding of electric vehicles (EVs), which is hindering the shift to cleaner, cheaper alternatives. The survey by YouGov for...
The energy crisis, exacerbated by Russia’s invasion of Ukraine, has led to soaring household bills and massive profits for some of the world’s largest energy companies. A new report by...
Nearly half of the UK’s largest companies have had to restate their climate and sustainability metrics this year, reflecting the increasing scrutiny and evolving standards in environmental, social, and governance...
AVPN, Asia’s largest network of social investors, has awarded $5 million in grants through its APAC Sustainability Seed Fund (SSF) 2.0. Supported by Google.org and the Asian Development Bank (ADB),...
Egypt’s Ministry of Electricity and Renewable Energy has approved a $900 million bid from the Abu Dhabi Future Energy Company (Masdar) to develop solar power plants in Upper Egypt, including...
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