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European financial institutions are grappling with significant climate-related risks, leading to substantial financial losses and regulatory pressures. To address these challenges, the International Finance Corporation (IFC) has launched a groundbreaking...
TotalEnergies, a global energy company, has made a significant investment of $100 million in sustainable forestry to bolster carbon sequestration in the United States. The company partnered with Anew Climate,...
The EU and Angola have officially launched the Sustainable Investment Facilitation Agreement (SIFA), marking a significant step in fostering sustainable economic growth. This is the first-ever investment facilitation agreement by...
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...
Brazil is stepping up its commitment to sustainable aviation fuel (SAF) production with a substantial $1.1 billion financing initiative. The country’s development bank, BNDES, and government funding agency, Finep, are...
LGT Capital Partners’ 2024 ESG Report highlights the growing dedication among alternative investment managers to Environmental, Social, and Governance (ESG) standards. Over the past decade, the percentage of private equity...
Aramex Boosts Sustainability with New CSO Appointment Aramex, a global leader in logistics and transportation, has appointed Manosij Ganguli as Group Chief Sustainability Officer. This move signals Aramex’s deepening commitment...
The 2024 sustainability landscape has ushered in a significant era of ESG capacity building, with companies making strides in embedding sustainability into their core operations. According to Deloitte’s 2024 Sustainability...
Japan made a significant stride in energy transition on Wednesday by signing 70 memorandums of understanding (MOUs) with various partners. These agreements were secured during the Asia Zero Emission Community...
India is making a bold move toward environmental sustainability with the “Indian Zero Emission Trucking Policy Advisory,” aiming to transition entirely to zero-emission trucks (ZETs) by 2050. The government’s Office...
China, the world’s largest builder of coal-fired power stations, made a significant shift in the first half of 2024, reducing new coal power plant permits by nearly 80%, according to...
The Network for Greening the Financial System (NGFS) has published two pivotal reports addressing nature-related risks, underscoring the urgency for central banks and financial supervisors to integrate these risks into...
In 2023, the US oil and gas industry defied significant commodity price drops to not only increase production but also maintain shareholder value. Despite an 18% drop in West Texas...
China’s National Development Bank (NDB) has taken another significant step in supporting sustainable finance by issuing 12 billion yuan (approximately $1.7 billion) in green financial bonds. These three-year bonds, offered...
Uber Technologies has appointed Rebecca Tinucci, former Tesla executive, as its Global Head of Sustainability. Starting on September 16, Tinucci will spearhead Uber’s ambitious goal to electrify its fleet by...
TotalEnergies SE faced a significant setback when South Africa’s Advertising Regulatory Board (ARB) ruled that the company’s sustainability claims were “misleading,” marking the first such challenge in the country. Fossil...
Australia has officially approved SunCable’s ambitious Australia-Asia Power Link (AAPowerLink), a $13.5 billion solar power project that will export renewable energy from the Northern Territory to Singapore via a 4,300...
RepAir Carbon US Inc. and C-Questra have teamed up to launch the European Union’s first onshore Direct Air Capture and Storage (DACS) project in Grandpuits, France. This collaboration marks a...
Amprion has successfully issued a green bond worth €1.1 billion, split into two tranches. This bond issuance, which falls under Amprion’s €9 billion debt issuance program, was met with significant...
The World Bank has successfully issued a €2.5 billion 7-year euro-denominated bond, marking its first such issuance in fiscal year 2025. The bond, maturing in August 2031, attracted significant interest...
The World Bank (IBRD, Aaa/AAA) successfully raised $6.5 billion through a dual-tranche Sustainable Development Bond issuance, marking its largest order book to date. The offering included a $3 billion 2-year...
ESG Book, a global leader in sustainability data and technology, has announced a strategic partnership with Vyzrd, a prominent Climate Risk and ESG intelligence platform. This collaboration merges ESG Book’s...
The Pan African Federation of Accountants (PAFA) has taken a significant step forward by officially approving the establishment of a Centre of Excellence (CoE) for Sustainability. This strategic initiative is...
Google has achieved a significant milestone by making the packaging for its Pixel, Nest, and Fitbit devices 100% plastic-free, well ahead of its 2025 goal. This move is part of...
Deep sea mining poses significant risks to biodiversity and business profitability, despite its marketing as a “clean economy accelerator” and an “$8 trillion opportunity.” The International Seabed Authority (ISA) has...
Environmental, social, and governance (ESG) investing is thriving in Japan, contrasting sharply with global trends where ESG momentum is slowing. Japan’s balanced approach has made it more attractive to corporations...
ESG Megatrends: The Forces Shaping Corporate Sustainability The Sustainability Megatrends Report by Cushman & Wakefield reveals seven key areas driving the integration of ESG (Environmental, Social, Governance) across industries. Here’s...
Boeing [NYSE: BA] is reinforcing its commitment to sustainable aviation by investing in Wagner Sustainable Fuels’ new production facility in Brisbane. This strategic move aims to significantly boost Australia’s supply...
New Zealand is taking decisive action to restore confidence in its Emissions Trading Scheme (ETS) by significantly reducing the number of emission credits available between 2025 and 2029. The government...
PETRONAS, ADNOC, and Storegga have signed a Joint Study and Development Agreement (JSDA) to evaluate the carbon dioxide (CO2) storage capabilities of saline aquifers and develop CCS facilities in the...
Procurement’s Strategic Evolution Procurement is emerging as a key player in managing risk and driving sustainability, according to the 2024 Economist Impact report sponsored by SAP. As businesses navigate a...
The Path to a Clean Energy Future Accurate carbon accounting is key to achieving a sustainable energy transition. To track and reduce carbon emissions effectively, companies need access to detailed,...
In the quest for a more sustainable and efficient energy future, data access is becoming as crucial as the energy itself. The Green Button Explorer, a tool developed by Mission:data...
U.S. Companies Lead on Sustainability EcoOnline’s latest survey reveals a significant shift in corporate America’s approach to climate action, with over 80% of companies proactively building net-zero programs—without waiting for...
Governance Reemerges as Top ESG Priority Morrison Foerster’s 2024 ESG survey, conducted with Corporate Counsel, reveals a notable shift in corporate focus back to governance. This year, 61% of respondents...
The Better Cotton Council has appointed new leadership, with Bill Ballenden, Head of Sustainability and Innovation at Louis Dreyfus Company (LDC) Cotton, and Tamar Hoek, Senior Policy Director for Sustainable...
The 2024 proxy season highlighted a notable shift in shareholder support for environmental, social, and governance (ESG) resolutions. While governance proposals experienced a resurgence, backing for environmental and social resolutions...
Robeco’s 2024 Proxy Voting report underscores the increasing tension between investors focused on long-term sustainability and companies navigating short-term challenges. The report, which details voting behavior at nearly 5,000 AGMs,...
Canada Growth Fund (CGF) is committing up to $100 million to Svante Technologies Inc., a leader in carbon capture solutions, to fast-track the development and deployment of their innovative technologies...
India’s Securities and Exchange Board (SEBI) is set to broaden the sustainable finance landscape in its securities market, aiming to incorporate new ESG-labeled instruments. The proposed framework, which includes the...
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 Get out your green eye shades….the next battleground for climate and sustainability is the fast paced world of accounting. For...
KLA Corporation (NASDAQ: KLAC), a leader in semiconductor equipment and services, has achieved a significant milestone: the Science Based Targets initiative (SBTi) has validated its near-term greenhouse gas (GHG) emissions...
The wave of anti-ESG sentiment is losing momentum, according to Markus Mueller, Chief Investment Officer for ESG at Deutsche Bank’s wealth management arm. “We have seen the trough in ESG...
Leading Australian banks are intensifying their efforts to align with global climate goals by cutting back on lending to carbon-intensive projects. Commonwealth Bank of Australia (CBA) has committed to reducing...
Ukraine is embarking on a $20 billion plan to significantly expand its renewable energy sector, aiming to increase the share of renewables in its energy mix to 27% by 2030....
SpaceX is set to launch Tanager-1, a methane-detecting satellite, developed by Planet Labs PBC with NASA’s Jet Propulsion Laboratory technology. This marks a significant step in tracking methane emissions, a...
Hydro One has successfully priced a $1.2 billion offering of Medium Term Notes, bolstering its commitment to sustainability. This financing, consisting of $700 million in 4.25% Series 60 Notes due...
Iberdrola’s AI-Driven Energy Revolution Iberdrola, a global leader in clean energy, has chosen Amazon Web Services (AWS) as its preferred cloud provider for generative AI workloads, signaling a strategic move...
The World Bank has priced its largest-ever outcome bond, a $225 million Amazon Reforestation-Linked Bond, designed to tie financial returns directly to the success of reforestation projects in the Amazon....
Forbes Middle East has announced its fourth annual list of the Top 100 CEOs in the region, shining a spotlight on the leaders driving success across diverse industries. This year’s...
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