ESG Europe
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 the current blast furnace-based production ...
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 by something new — a ...
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 of separating and capturing CO2 emitted ...
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 the market, Octopus has paid ...
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 independent renewable energy companies in ...
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 of a new Sustainability Risk ...
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 a significant milestone in the ...
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 released show a reduction of 53% ...
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 Disclosures (TNFD) announced today that ...
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 to accelerate domestic clean energy ...
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 global financial institution outlines its ...
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 away, illegally exported or stolen. ...
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, one-third of companies overall and ...
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 purchase the power generated from ...
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 letters to investors set the ...
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 the latest headlines covering ESG ...
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 secured by the Competition and ...
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 finance scheme for 1,500 of ...
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 waste continues to hurt the ...
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 by commercial farmers and the ...
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 financial institutions, today announced the ...
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 access to food through product ...
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 of schedule in 2022. Following ...
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 “Consolidate the route to sustainable ...
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 million with a coupon of ...
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, but for the nation’s economy ...
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 customer-first provider of North American-made ...
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 comes amid growing concerns about ...
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 market more quickly and more ...
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 in consultation with industry, other ...
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 investment decisions on behalf of ...
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 and desist” order, accusing the ...
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 shares. When the investment people ...
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. Branded resale saw continued momentum ...
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, Peru and Türkiye, 100 percent ...
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 Action 100+, the world’s largest ...
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 involves contributions from both private ...
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 as a sustainable retailer. The ...
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 CO₂ from the air. The ...
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 Pte Ltd. (Skye), a South-East Asia-focused ...
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 investment theme. More than $1.7 trillion ...
The fate of the European Union’s ambitious Nature Restoration Law (NRL) is in jeopardy after several member states reversed their initial support for the legislation. The NRL, a cornerstone of the European Green Deal, aspires ...
Nature Action 100, the first global investor engagement initiative to address the urgent crisis of nature and biodiversity loss around the world, has published a new field guide to equip investors with insights and resources ...
President Bola Ahmed Tinubu has affirmed Nigeria’s commitment to diligently implement world-leading sustainability reporting standards aimed at unlocking capital investments, transforming business models, and safeguarding the environment in the country. The President gave the assurance ...
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, launched a consultation on Draft Regulatory Technical Standards (RTS) related to the registration and supervision of external reviewers under the EU Green Bond ...
British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, today announced a US$ 100 million finance facility with the Eastern and Southern African Trade and Development Bank (TDB). The investment is ...
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 in helping drive a more ...
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 unit’s first biochar plant in ...
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 reoffer yield of 3,636% and ...
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 2018 levels by 2030. Key ...
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