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The European Union has officially pushed back the enforcement of its pivotal Regulation on Deforestation-free Products (EUDR), a move confirmed by European Commission President Ursula von der Leyen. Originally set...
As China stands as the world’s largest greenhouse gas emitter, its commitment to reducing emissions by 30% by 2035 is a pivotal element in the global effort to meet the...
The United States is falling behind its ambitious climate targets, with current efforts set to achieve only a 22% reduction in emissions by 2030, significantly short of the 50% reduction...
The big picture: Italy’s antitrust agency has launched an investigation into Shein’s website operator, Infinite Styles Services Co., over potentially misleading environmental claims. The investigation targets Infinite Styles Services CO....
Monetary Authority of Singapore (MAS) and the World Bank are leading efforts to accelerate the coal transition through market-based approaches. Speaking at the New York Climate Week MAS-World Bank event,...
Driving Sustainable Growth in Emerging Markets The International Finance Corporation (IFC), a member of the World Bank Group, and HSBC Asset Management (HSBC AM) have deepened their partnership by establishing...
Chinese companies have poured over $100 billion into overseas clean energy technology projects since the start of 2023, according to research by Australian group Climate Energy Finance (CEF). The investments...
Why It Matters Business schools must adapt to corporate trends by integrating Environmental, Social, and Governance (ESG) principles into accounting training. With more public companies issuing ESG reports and new...
The World Bank Group and partners launched the Sustainable Finance Knowledge Center for Francophone Africa. This virtual platform, available in English and French, is designed to empower companies and financial...
The world’s energy landscape is shifting rapidly, making it crucial for banks to rethink their strategies. While fossil fuels still dominate, the global momentum towards clean energy is undeniable. This...
Rockefeller Foundation Hosts AsiaXchange 2024: A Blueprint for Asia’s Green & Resilient Future The Rockefeller Foundation will host AsiaXchange 2024, focusing on “Accelerating Asia’s Equitable Green Transformation: Taking a Systems...
Global renewable energy jobs reached a record 16.2 million in 2023, according to the Renewable Energy and Jobs – Annual Review 2024 by the International Renewable Energy Agency (IRENA) and...
Unilever is catalyzing climate action across its supply chain through the Supplier Climate Programme, aimed at significantly reducing greenhouse gas (GHG) emissions by focusing on suppliers of raw materials and...
Key Impact Points: Tata Power, India’s leading integrated power company, announced a transformative investment of approximately ₹1.2 trillion ($14.32 billion) over the next decade in Rajasthan. This initiative, unveiled during...
Key Impact Points: Colombia has launched a $40 billion investment portfolio aimed at catalyzing its transition from fossil fuels and adapting to climate change impacts, confirmed by an environment ministry...
Key Impact Points: A.P. Moller Holding has unveiled its ambitious new venture, Vioneo, dedicating €1.5 billion towards developing a fossil-free plastics production platform. This initiative represents a significant stride towards...
Ferrari accelerates its transition to renewable energy by shutting down the trigeneration plant at its Maranello factory, advancing its decarbonisation efforts three months ahead of plan. Early Shutdown Drives Emission...
Key Impact Points: Microsoft has unveiled a groundbreaking initiative in Dublin, partnering with ESB to power its data centre using green hydrogen. This marks the first deployment of Hydrogen Fuel...
Key Impact Points: Strategic Investment in Climate Mitigation Morgan Stanley Investment Management has successfully completed funding for its ambitious 1GT climate private equity fund, securing $750 million. This fund is...
By: Stefan Malchow, Head of Sales, ESG Solutions, SAP Fioneer With the OSFI Climate Risk Management Guideline B-15 coming into effect by fiscal year-end 2024, Canada’s banks and insurance groups...
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