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The 2024 State of Carbon Dioxide Removal report finds that around 7–9 billion tonnes of CO2 per year will need to be removed by mid-century from the atmosphere if the...
Anne Windberg Baarup took over the management of the sustainability department for Continental’s group sector ContiTech on June 1, 2024. She is now responsible for the strategic direction and global management...
The European Commission has approved, under EU State aid rules, an Italian scheme to support a total of 4590 MW of new capacity for electricity production from renewable energy sources....
The Council of Experts on Climate Change presented a special report commissioned by the German Federal Government to review the 2024 projection data describing the future development of German greenhouse...
Key Impact Points: China has unveiled the world’s largest solar farm in Xinjiang, marking a groundbreaking advancement in renewable energy. The new solar complex, covering an area comparable to New...
The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published their Final Reports on Greenwashing in the financial sector. Key Impact Points: The European Supervisory Authorities (EBA, EIOPA,...
The Galapagos Islands, renowned worldwide for their unparalleled biodiversity and unique ecosystems, face mounting environmental and human-induced threats. In response to these pressing challenges, the Charles Darwin Foundation (“CDF”) and...
Key Impact Points: Sumitomo Corporation has updated its material issues and policies to align with its goals for sustainable growth and addressing social challenges, particularly climate change. These updates reflect...
Key Impact Points: China has announced plans to establish a comprehensive carbon footprint management system by 2027. This ambitious initiative aims to track and reduce carbon emissions across various industries,...
Key Impact Points: Climate change is an urgent issue impacting the global economy and human societies through extreme weather events and their economic repercussions. Deloitte’s ESG Preparedness Survey highlights the...
The Project Phase 1, which targets to replant Portulacaria afra thicket across 10,000 hectares, is being funded under a syndicated senior secured stream agreement, led by Mirova, an affiliate of Natixis Investment...
New disclosure platform unveiled to unlock faster action, harmonize global standards and make disclosure more efficient In a move set to kickstart a new era of more efficient disclosure and...
A new report published today by the City of London Corporation and Climate Policy Initiative (CPI) has revealed that tracked UK financial institutions have almost tripled their investment into clean-energy...
Key Impact Points: Amazon, Google, Microsoft, Nucor, and Duke Energy have joined forces to accelerate carbon-free energy generation through innovative tariff agreements. These agreements, known as Accelerating Clean Energy (ACE)...
UBS Global Wealth Management (GWM) launched the engagement fund in a collaborative approach with Rockefeller Asset Management (Rockefeller). The UBS Rockefeller Ocean Engagement Fund, seeks to provide financial returns and...
Mizuho Financial Group, Inc. (President & Group CEO: Masahiro Kihara), one of Japan’s leading global financial institutions, and London Stock Exchange Group (CEO: David Schwimmer; LSEG) announce an agreement to...
Key Impact Points: In a historic election, Mexico has elected Claudia Sheinbaum as its first female president. Winning between 58.3% and 60.7% of the vote, Sheinbaum’s victory signifies a pivotal...
Report assesses 11 apparel and footwear companies’ insufficient efforts to eliminate fossil fuels from supply chains, manufacturing, shipping A 2024 report update to last year’s Fossil-Free Fashion Scorecard released today by environmental...
Deep Sky, the Canadian carbon removal project developer, and Sustaera, a US-based modular Direct Air Capture (DAC) company, have signed a Memorandum of Understanding to explore carbon removal technology in Canada....
Surpasses Fund V Fundraising Target by 10% and Raises Additional $2.3 Billion of Co-Investment Capital Energy Capital Partners (“ECP”), a leading investor across energy transition, electrification and decarbonization infrastructure assets,...
The Asian Development Bank (ADB) has provided support to renewable energy (RE) developer Alternergy Holdings Corp. (AHC) in securing its first green corporate loan. In a statement, the multilateral lender...
Key findings around responsible investing and ESG themes point to terminology driving sentiment around purpose-driven investing A recent survey conducted by RBC Wealth Management reveals more positive investor sentiment around responsible investing...
AW Hainsworth is pleased to announce the appointment of Paul Dudley as the new Head of Engineering and Sustainability. This newly created role, based at the company’s vertical woollen mill...
By Michael Fabiano and Matt Bird, April 26, 2024 Mary de Wysocki, Chief Sustainability Officer at Cisco, shares insights into the company’s approach to adaptation, its impactful attributes, and the evolving role of...
By Michael Fabiano and Matt Bird, April 26, 2024 Question: What factors contribute to the remarkable willingness to adapt to change within the organization? Answer: I believe this willingness stems...
Almost a year after the International Sustainability Standards Board (ISSB) released its first two standards, they announced this week that more than half of the world’s economy has adopted them....
Environmental, social and governance (ESG) reporting headaches could be a thing of the past, after Ideagen, a leader in regulatory and compliance software, today announced a new strategic partnership to...
44% of these funds are invested in assets that breach the Paris-aligned benchmark (PaB) exclusionary criteria In the first of a two-part series examining ESMA’s name rule restricting the use...
With the decisions adopted today, the European Union and Euratom will leave the Energy Charter Treaty, while member states will be allowed to support its modernisation during the next Energy...
China’s Ministry of Finance has begun soliciting opinions on a draft guideline aimed at unifying corporate sustainability disclosures, with a vision of establishing a nationwide standard by 2030. The move...
The European Business Aviation Association (EBAA) is proud to announce the formal launch of Tier I of the Standards & Training for Aviation Responsibility and Sustainability (S.T.A.R.S.) Programme at the...
Iberdrola held a new edition of the BAT Talk at the BAT B Accelerator Tower in Bilbao, Spain. During the event, attendees learned more about Iberdrola’s R&D strategy and innovation ecosystem, an ecosystem with numerous...
Lightrock, a global investment platform that backs purpose-driven companies, today announces the launch of its Lightrock Global Small-Cap strategy. The strategy’s launch took place in the second half of April, and...
The Council has adopted a directive promoting the repair of broken or defective goods, also known as the right-to-repair (or R2R) directive. This legislation will make it easier for consumers to...
This project will leverage Capgemini’s quantum lab to enhance carbon capture efficiencies Capgemini Government Solutions LLC announced a new initiative with The Defense Advanced Research Projects Agency (DARPA) to investigate the use of...
Canada is experiencing a heavily fragmented energy transition with consequences for household affordability and economic development, finds a new Clean Energy Canada scorecard that ranks provincial efforts to help citizens and businesses...
On May 24th, 2024, a Bloomberg journalist contacted the SBTi with a series of questions in preparation for an article which it published on May 29th, 2024. Below is the...
The program will equip accountants with a Smart ESG solution, leveraging innovative AI software, best practices and tech-enabled double materiality identification The Chartered Institute of Management Accountants (CIMA) and Datamaran, a market...
Powerful combination of technology and services will enable decisive sustainability action for customers globally IFS, the leading technology provider of cloud and industrial AI software, and professional services firm PwC,...
Clean Energy Ventures (CEV), a leading global venture capital firm funding early-stage climate innovations, today announced the closing of an oversubscribed second flagship fund with total capital commitments of $305 million. In...
EPA’s Clean School Bus Rebate Program to fund over 3,400 new clean school buses in approximately 530 districts across the nation The Biden-Harris Administration announced the recipients of the U.S....
Singapore published an Environmental Crimes Money Laundering (ML) National Risk Assessment (NRA) which identifies the key threats and vulnerabilities in environmental crimes ML that Singapore is exposed to, and outlines...
Energy Capital Partners (ECP), a leading private equity firm, along with a group of co-investors, has entered into a definitive agreement to acquire Atlantica Sustainable Infrastructure plc in a transaction...
The SBTi releases revisions and new resources to enable financial institutions to set ambitious near-term emission reduction targets. The Science Based Targets initiative (SBTi) is unveiling a suite of revisions...
Eurazeo, a leading global investment company, has announced the launch of a new impact buyout fund dedicated to addressing planetary boundaries. The fund targets raising €750 million, focusing on investments...
The EU and Australia signed a Memorandum of Understanding (MoU) for a bilateral partnership to cooperate on sustainable critical and strategic minerals. The MoU was signed on behalf of the EU by...
Cloover, a Berlin-based startup, has secured a remarkable $114 million seed round to fuel the growth of its operating system for the renewable energy industry. The company connects all relevant...
The European Commission has approved, under EU State aid rules, a fourth Important Project of Common European Interest (‘IPCEI’) to support research, innovation and the first industrial deployment in the...
In a significant move to bolster the credibility of the carbon offset market, the Biden administration has unveiled a new policy designed to enhance transparency and integrity in carbon credit...
The ongoing transformation and decarbonisation of the building materials sector requires investments. To fund these investments, Heidelberg Materials announced the introduction of a Green Finance Framework which is aligned with...
Start-ups tackling some of the world’s biggest sustainability challenges have the chance to supercharge their business and pilot their technology with Amazon, as part of the third edition of the...
The Council has adopted a regulation on establishing a framework of measures for strengthening Europe’s net-zero technology manufacturing ecosystem, better known as the ‘net-zero industry act’. This is the last...
Google announced two new solar power purchase agreements (PPAs) in Japan, marking its first foray into the country’s renewable energy market. These agreements will add a combined 60 megawatts (MW)...
Global law firm White & Case LLP advised VERBUND AG on its €500 million green bonds issuance including biodiversity with a seven-year term and a fixed coupon of 3.250%. VERBUND...
The IFRS Foundation releases Jurisdictional Guide at IOSCO Annual Meeting to support regulators Jurisdictions representing over half the global economy by gross domestic product (GDP) have announced steps to use...
HSBC UK has launched a new Carbon Insights tool in its award-winning mobile app, HSBC Kinetic , designed for small business owners. This new feature enables HSBC Kinetic customers to view the...
In collaboration with the Team EV of DHL Customer Solutions & Innovation, the center leverages the combined warehousing and freight management of DHL Global Forwarding, including both ocean and air...
Air Liquide has successfully issued a new 500 million euros green bond, in line with its ambition to combine growth and sustainable development. The Group intends to use the proceeds...
The Council adopted a regulation on tracking and reducing methane emissions. It is part of the ‘Fit for 55’ package. The regulation introduces new requirements on measuring, reporting and verifying...
The European Union has taken a significant step towards its green transition goals with the final approval of the Ecodesign Regulation by the Council. This regulation aims to enhance the...
RWE, one of the leading renewable energy companies in the U.S. and worldwide, has signed two 15-year Power Purchase Agreements (PPAs) with Microsoft Corporation. Under the PPAs, Microsoft will purchase...
The professional solutions firm commits to reach net-zero carbon emissions by 2040. APTIM announced its commitment to The Climate Pledge, demonstrating its ambitious pursuit to mitigate and adapt to climate change’s...
Ørsted, a leading U.S. clean energy developer, announced an investment from J.P. Morgan for $680 million in tax equity financing for a portfolio of solar and storage assets in Texas and Arizona. The project portfolio...
The Council has formally adopted the corporate sustainability due diligence directive. This is the last step in the decision-making procedure. The directive adopted today introduces obligations for large companies regarding...
In response to market demand, the two organisations will work together to optimise how GRI and ISSB Standards can be used together. The IFRS Foundation and the Global Reporting Initiative...
The UK Emissions Trading Scheme Authority has published a package of consultations on expanding the UK Emissions Trading Scheme, to further limit carbon emissions. The UK Emissions Trading Scheme (ETS)...
Fashion frontrunners set the pace on the road to a circular economy Some of the world’s leading fashion brands are exploring ways to make money without making new clothes as...
Climeworks, the global leader in carbon removal via direct air capture technology, successfully achieved third-party certification of its carbon removal activities under the Puro Standard – a first in 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...
As the world’s largest trading bloc, the EU uses its considerablepurchasing power to meet its ambitious sustainability goals. In doing so, the EU’s new rules will reach well beyond its...
Key Impact Points: Capgemini and Schneider Electric have joined forces to introduce a groundbreaking initiative aimed at helping businesses achieve optimal energy use. The collaboration focuses on deploying an advanced...
Dr. Syafrina is an international sustainability expert with a proven track record of formulating, implementing and driving impactful sustainability strategies and communications, training programs, outreach initiatives as well as commercial...
Key Impact Points: A recent Bloomberg Law survey highlights that a significant majority of attorneys doubt the SEC’s new climate disclosure rule will survive intact. The rule, which mandates detailed...
Key Points: Circtec, a trailblazer in sustainable end-of-life tyre recycling, has secured a substantial $150 million in financing. This initiative is backed by prominent investors Novo Holdings and A.P. Moller...
Google is launching a new coalition called Symbiosis, a multi-company effort designed to increase the effectiveness of nature-based carbon removal projects. Symbiosis brings together a group of corporate buyers committed...
Companies’ top reason for pursuing a sustainability strategy is the opportunity for value creation. The biggest hurdle? The high level of investment that’s needed. The potential for creating value is...
What’s happening: Why it matters: Many companies struggle to invest in offsetting, because it’s hard to navigate this complicated market and make financially sound decisions. Enterprises that spend millions on...
Key Impact Points: Qatar has successfully raised $2.5 billion through its first-ever green bond issuance, marking a significant milestone in the Gulf state’s financial landscape. The bonds are split into...
280 Earth, Inc. announced that it has completed construction and started operating a direct air capture (“DAC”) facility to remove carbon dioxide (CO2) directly from the atmosphere, mitigating climate change....
Infor®, the industry cloud company, today announced the launch of Infor GenAI and ESG Reporting, to help customers improve productivity and report on their environmental footprint. Infor’s modern solutions, from...
Responding to growing climate disclosure needs, a recent update to the IBM® Envizi™ ESG Suite empowers businesses to effectively manage their path towards emissions reduction targets. Announced on May 21st,...
Morningstar Sustainalytics has joined Climate Bonds Initiative’s Partnerships Programme, helping to strengthen Climate Bonds’ mission to develop the sustainable finance market. Partners within the Climate Bonds network play a crucial...
New partner and senior advisors complete climate leadership team, following Temasek commitment and EIB Support LeapFrog Investments (“LeapFrog”), the profit with purpose investment firm, has appointed Souleymane Ba as Partner and...
Diageo has announced plans to invest over €100 million to decarbonise its historic St. James’s Gate site in Dublin 8, where Guinness has been brewed for 264 years. The investment...
BNP Paribas Asset Management announces the listing of a new global equity exchange-traded funds (‘ETFs’), expanding its current SRI PAB range which totals more than EUR 6.5bn of assets under...
FC FUTURES is EA SPORTS FC’s global initiative to grow the game for all. Electronic Arts Inc. announces that their EA SPORTS FC FUTURES initiative has opened up grassroots football...
ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development) have successfully started operating a pilot carbon capture unit on the blast furnace...
Largest single private-sector digital investment in Kenya’s history will support economic development across East Africa Microsoft Corp. and G42 on Wednesday announced a comprehensive package of digital investments in Kenya,...
S&P Global announced that three executives have been recognized by INvolve’s 2024 Empower Role Model Lists, supported by YouTube. These lists celebrate leaders who are tirelessly advocating and driving increased representation...
In a landmark deal, Ørsted will sell a further one million tonnes of carbon removal over a ten-year period to Microsoft from Avedøre Power Station, which is part of the...
The partners are exploring airport infrastructure and operational requirements to stand up hydrogen operations at the world’s busiest airport. Hartsfield-Jackson Atlanta International Airport (ATL), Airbus, Delta Air Lines and Plug...
Deutsche Bank and the European Investment Bank Group, consisting of the European Investment Bank and the European Investment Fund, have signed an agreement to promote climate-friendly new builds and energy-efficient...
Honda Motor Co. has announced a massive $65 billion investment plan to accelerate its transition to electric vehicles (EVs) over the next ten years. This strategic move is designed to...
Holcim hosts the groundbreaking ceremony at its state-of-the-art GO4ZERO plant engineered to produce 2 million tons of net-zero cement per annum by 2029 in Obourg, Belgium. With a planned investment...
Facility Data Manager enables brands and manufacturers to share timely primary environmental data and insights to track and accelerate impact. Worldly, the leading supply chain sustainability data and insights platform...
The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) are taking significant steps to enhance their collaboration in green and transition finance. During the 2nd China-Singapore...
The project will provide 80% of the heat demand for Finnish neighborhoods. Nestled on the shores of the Gulf of Finland, Google’s Hamina data center is set to become a...
PAG, a leading Asia Pacific-focused alternative investment manager, announced today that it has closed its first renewable energy-focused fund, PAG REN I, with a total of USD550 million in capital...
State Farm® is the first property & casualty insurance company worldwide to achieve TRUE certifications for two of its facilities, a testament to its commitment to uncovering operational efficiencies, responsibly...
Key Points: Quinbrook Infrastructure Partners Launch $3.5 Billion ‘Green Iron’ Project, Powered By Renewables Quinbrook Infrastructure Partners announced the development of a $3.5 billion “Green Iron” project in Queensland. This...
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