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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...
While only 53% of Americans argue the clean energy industry in the U.S. should be expanded, it has been the job of business-tracking publications and companies to make their best...
Maersk Reaches New Milestone in ‘Equal At Sea’ Initiative A.P. Moller – Maersk has achieved a remarkable milestone in its ‘Equal At Sea’ initiative. With 45% of the Nautical and...
Major Companies Back New 24/7 Carbon-Free Initiative Global corporates like Google, AstraZeneca, Iron Mountain Data Centers, Shree Cement, AirTrunk, and Vodafone UK have joined the Climate Group’s 24/7 Carbon-Free Coalition...
The European Commission is addressing gaps in the transposition of several EU directives across Member States. The lack of national measures hampers harmonized implementation and compliance with EU law. Here’s...
India has rolled out a Carbon Accounting and Reporting Framework for domestic and international airports, aiming for carbon neutrality and net zero emissions in civil aviation. Carbon Neutrality Prioritised The...
Britain’s Final Chapter on Coal The UK’s last coal-fired power station, Ratcliffe-on-Soar, closed its doors on Monday, making Britain the first G7 nation to end its reliance on coal for...
Deloitte’s Latest Series Highlights CFO Leadership in Sustainability A new report series by Deloitte, titled “Asia Pacific Mandatory Sustainability Reporting,” positions Chief Financial Officers (CFOs) as pivotal leaders in navigating...
Climeworks Partners with Coca-Cola HBC to Produce Carbon-Neutral Sparkling Water Swiss-based Climeworks, a leader in direct air capture (DAC) technology, has teamed up with Coca-Cola Hellenic Bottling Company (HBC) to...
LSEG’s Commitment to Transition Finance The London Stock Exchange Group (LSEG) has contributed to the latest Glasgow Financial Alliance for Net Zero (GFANZ) publication, titled “Case Studies on Transition Finance...
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. Tim Mohin – NY Climate Week...
Follow ESG News on LinkedIn The world’s climate experts, influencers, and changemakers descended on New York City for this year’s largest climate event. With more than 100,000 attendees and 600+...
Undo’s Growing Partnership with Microsoft Microsoft is scaling up its carbon capture efforts by signing a follow-on agreement with UK-based startup Undo to remove 15,000 tonnes of CO2 from the...
FTSE Russell has introduced two innovative indices—the FTSE Fixed Income TPI Climate Transition Index Series and the FTSE Fixed Income TPI Focused Glidepath Index Series—aimed at supporting investors’ climate commitments...
BBVA and global investment firm KKR have announced a $200 million (€187 million) strategic partnership to support the decarbonization of the economy. This commitment, made during Climate Week in New...
Siemens Financial Services has launched the Decarbonization Business Optimizer (DBO™), a cloud-based solution aimed at simplifying the complex journey toward net-zero emissions. The free tool helps companies break through the...
UAE’s Climate Ambition The United Arab Emirates plans to release its new national climate plan under the Paris Agreement ahead of the COP29 climate summit in November, setting a precedent...
New York State Insurance Fund Transitions to Responsible ETF The New York State Insurance Fund (NYSIF) has made a significant shift by reallocating its coal assets to a responsible investment...
CFTC Introduces First Carbon Credit Market Guidelines The U.S. Commodity Futures Trading Commission (CFTC) has established its first-ever guidelines for trading voluntary carbon credit derivative contracts. This is a pivotal...
The European Commission has initiated a public consultation on its draft proposal to introduce the EU Flight Emissions Label (FEL). This voluntary initiative is designed to provide passengers with standardized...
A Comprehensive Guide to Carbon Credit Strategy for CSOs Chief Sustainability Officers (CSOs) are increasingly turning to carbon markets to support their decarbonization efforts. However, without clear objectives and a...
Masdar, Abu Dhabi’s clean energy leader, announced plans to acquire Saeta Yield from Brookfield Renewable for an enterprise value of $1.4 billion. The deal strengthens Masdar’s position in Spain and...
Deutsche Bank is set to strengthen its commitment to ocean conservation under its #BackBlue initiative, implementing updated due diligence requirements in Q4 2024. These updates mark a continuation of the...
Platform to Boost Climate Finance Capacity Building Michael R. Bloomberg and Mary Schapiro introduced the beta version of the Global Capacity Building Coalition’s (GCBC) Digital Platform at the Bloomberg Global...
Climate Takes Priority A growing number of asset owners, including pension funds, insurance accounts, and endowments, are prioritizing climate over social and governance issues in their investment decisions. According to...
How Billie Eilish is Helping Fans Travel Sustainably Billie Eilish, in collaboration with Google Maps, is encouraging her fans to make more environmentally conscious choices while attending her upcoming HIT...
Fortescue and Liebherr’s Ambitious Partnership Fortescue has signed a $2.8 billion deal with Liebherr to jointly develop 475 zero-emission machines, marking a major leap towards carbon-free mining. The partnership includes...
Investors Push for Global Reporting Standards Global investors are calling for companies to voluntarily apply the International Sustainability Standards Board (ISSB) Standards, even in the absence of regulatory requirements. This...
Impact Points: The Net-Zero Data Public Utility (NZDPU) and CDP, the global environmental disclosure system, have announced a transformative expansion of their partnership to make vital climate data openly accessible...
Key Impact Points: The third annual Earthshot Innovation Summit, in partnership with Bloomberg Philanthropies, has proudly announced its latest cohort of finalists for The Earthshot Prize 2024. These innovators, hailing...
Schneider Electric has launched the Building Decarbonization Calculator, a powerful online tool designed to help building owners and operators identify their best retrofit options to reduce carbon emissions. With a...
H&M Group has taken another bold step in its sustainability journey by participating in a landmark deal to combat deforestation in Brazil’s Amazon region. As part of the LEAF Coalition,...
S&P Global’s Game-Changing Initiative S&P Global Commodity Insights has launched the world’s first daily carbon-accounted iron ore price assessments, a significant step in bringing transparency to the steel industry’s decarbonization...
Nokia has launched a Private Wireless Sustainability Calculator to help industries measure the environmental and social benefits of private wireless networks. Initially designed for the mining, manufacturing, and port sectors,...
Eurofins Sustainability Services has introduced a new deforestation impact assessment designed to help businesses comply with the European Union’s Deforestation Regulation (EUDR). The EUDR aims to stop the import and...
Amazon and Johnson Controls are the latest major corporations to join the Sustainable Steel Buyers Platform (SSBP), an initiative aimed at scaling the production and procurement of near-zero emissions steel....
The Hong Kong Institute of Certified Public Accountants (HKICPA) announced the release of Exposure Drafts for the first-ever Hong Kong Sustainability Disclosure Standards, namely HKFRS S1 and HKFRS S2. These...
Pandora, the world’s largest jewellery brand, has completed its transformative shift to crafting all its jewellery with 100% recycled silver and gold. This significant move allows Pandora to avoid approximately...
Schneider Electric, a global leader in energy management and automation, made waves at Climate Week NYC 2024, revealing new decarbonization strategies aimed at advancing sustainability across industries. With a focus...
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