IBM has released its first-ever State of Sustainability Readiness Report 2024, revealing that 88% of business leaders plan to increase IT investments for sustainability over the next 12 months. Conducted by Morning Consult and sponsored ...
CDP and the Global Reporting Initiative (GRI) have strengthened their partnership to enhance environmental reporting. This new step, formalized through a Memorandum of Understanding (MoU) signed at the COP29 Climate Change Conference in Baku, aims ...
At COP29 in Baku, Azerbaijan, IBM and Sustainable Energy for All (SEforALL) announced new AI-powered tools designed to guide sustainable urban development globally. These tools, launched as part of the IBM Sustainability Accelerator program, are ...
At COP29 in Azerbaijan, a significant early pledge emerged as major development banks, including the World Bank, committed to raising climate finance to $120 billion annually by 2030. This figure marks a 60% increase from ...
Amazon.com and IKEA, prominent members of the Zero Emissions Maritime Buyers Alliance (ZEMBA), are intensifying their efforts to decarbonize ocean shipping by preparing for a major tender to launch in January 2025. This initiative, focusing ...
The International Auditing and Assurance Standards Board (IAASB) has officially published the International Standard on Sustainability Assurance 5000 (ISSA 5000), marking a significant step in standardizing sustainability assurance practices globally. IAASB Chair Tom Seidenstein announced ...
Saudi Arabia, the world’s largest oil exporter, marked a significant milestone in its environmental strategy by launching its first carbon credit exchange at the UN Climate Change Conference (COP29) in Baku on November 12. Managed ...
Denham Capital has appointed Justin DeAngelis as Global Head of Sustainable Infrastructure, following four years as Partner & Co-Head of Denham Sustainable Infrastructure (DSI) alongside Scott Mackin. DeAngelis, who boasts over 25 years of experience, ...
Prime Minister Keir Starmer, speaking at COP29 in Baku, Azerbaijan, declared the UK’s intensified commitment to lead in the global clean energy transition. “Our mission to make Britain a clean energy superpower will fire up ...
ScottishPower has formalized a major £1 billion turbine supply contract with Siemens Gamesa for its East Anglia TWO offshore windfarm. The deal involves Siemens Gamesa providing 64 SG 14-236 DD turbines, each with a 236-meter ...
The Climate Investment Funds (CIF) has launched its ambitious Capital Market Mechanism (CCMM) on the London Stock Exchange (LSE), designed to raise up to $75 billion (£58 billion) to finance clean energy projects in developing ...
Data and AI are becoming essential drivers for action and future risk prediction. A recent study by Kyndryl, the world’s leading IT infrastructure services provider, commissioned by Microsoft and conducted by Ecosystm, reveals that while ...
At COP29, CDP and EFRAG, a leading figure in developing European sustainability standards, announced the discovery of extensive interoperability between CDP’s questionnaire and the European Sustainability Reporting Standards (ESRS). This breakthrough aligns with both organizations’ ...
Parties gathered for the first day of the UN Climate Change Conference in Baku, Azerbaijan, marking an early milestone with a consensus on standards for creating carbon credits under Article 6.4 of the Paris Agreement. ...
Trafigura Group Pte Ltd, a global leader in commodities, and GenZero, a decarbonization-focused investment platform owned by Temasek, have committed over $100 million USD to expand the Brújula Verde landscape restoration project in Colombia. This ...
Greenhouse gas (GHG) emissions from Canadian oil sands production remained nearly flat in 2023, with an increase of less than 1%, despite a rise in total production, according to a recent S&P Global Commodity Insights ...
The Asian Development Bank (ADB) is set to expand its climate-related lending by $7.2 billion, thanks to sovereign guarantees from the United States and Japan. This move, unprecedented in climate finance, allows ADB to increase ...
Energy Infrastructure Partners (EIP), a prominent investor in the energy transition sector, has announced an agreement to increase its stake in Plenitude, Eni’s integrated energy business that spans renewable energy production, energy sales, and electric ...