EIT InnoEnergy, the European Union-backed leader in sustainable energy innovation, closed 2024 with €4.3 billion raised for its portfolio of cleantech start-ups and scale-ups, cementing its role as a key...
The International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) have introduced integrated standards to strengthen sustainability reporting and assurance practices. These measures...
2024 marked a transformative year for the Green Climate Fund (GCF) as it advanced its mission to empower developing nations facing the climate crisis. Here’s how GCF delivered tangible progress...
Schroders, a leading global active investment manager, announced its intention to adopt all four of the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels, covering 16 funds. This move...
Shein, a global leader in fast fashion, has appointed Mustan Lalani as its Global Head of Sustainability. The move reflects Shein’s increasing focus on sustainability amid growing scrutiny of its...
BlackRock has launched the BFM Brown to Green Materials Fund, a UK-domiciled mutual fund designed to accelerate the decarbonisation of industries critical to the low-carbon transition. This includes sectors like...
The Securities and Exchange Commission (SEC) has strengthened its ESG Product Platform by incorporating critical details about Sustainable and Responsible Investing (SRI) Funds, enhancing access to sustainability-themed financial products. This...
EU’s Omnibus Proposal Faces Industry Backlash A coalition of 11 global corporations, including Unilever, Nestlé, Mars, and DP World, has urged the European Commission not to dilute existing sustainability reporting...
The European Investment Bank (EIB) has reached a significant milestone, delivering €1 billion in green financing for Greek small and medium-sized enterprises (SMEs) and mid-caps. This funding supports renewable energy,...
• Less than 10% of climate finance reaches SMEs despite representing over 90% of global businesses.• The Impact Disclosure Taskforce’s SME Subgroup unveils a Whitepaper at Climate Week NYC offering...
EU Moves to Cut Scope of Sustainability Rules The European Parliament’s Legal Affairs Committee (JURI) voted on October 13 to approve sweeping reductions to two cornerstones of the European Green...
• Schroders now sources 100% of its electricity globally from renewable energy, meeting its RE100 commitment a year early.• The firm’s Horsham solar project generates 1.13 GWh annually, covering nearly...
Mercedes Pushes Decarbonization Beyond the Track The Mercedes-AMG Petronas Formula One Team confirmed it achieved 99% HVO100 biofuel coverage for its 2025 European race and marketing logistics, a milestone that...
• Moeve becomes the first third-party supplier to join Avelia, Shell Aviation’s blockchain-powered sustainable aviation fuel (SAF) book-and-claim platform.• The collaboration expands multi-supplier access to verified SAF credits, supporting decarbonisation...
• €5 billion investment through 2027 expands Google’s St. Ghislain data center and creates 300 new jobs.• 110 MW in new carbon-free energy deals with Eneco, Luminus, and Renner to...
• Climate Investor Two surpasses $1 billion target to become the largest adaptation infrastructure fund in emerging markets.• Backed by $190 million in new commitments and a €205 million EU...
Mexico City Launch Strengthens Legal Frameworks for Climate Action UK-based legal nonprofit The Chancery Lane Project (TCLP) has released 17 climate-aligned clauses adapted to Mexican law, making them available in...
• Four projects funded under the European Maritime, Fisheries and Aquaculture Fund (EMFAF) will advance regenerative ocean farming and marine innovation.• Initiatives span Spain, Italy, Portugal, and Ireland, developing large-scale...
• India’s Central Electricity Authority unveils 6.4 trillion rupee ($77 billion) plan to transmit 76 GW of hydro power from the Brahmaputra basin by 2047.• The basin, spanning eight northeastern...
• The US has threatened sanctions on countries supporting an EU-backed global framework to cut shipping emissions.• The IMO proposal would introduce the first global pricing mechanism for maritime emissions,...
Airbus Targets Deep Emissions Cuts Across UK Operations Siemens has signed a strategic contract with Airbus to decarbonize three of the aerospace manufacturer’s largest industrial sites in the United Kingdom...
• The International Nut and Dried Fruit Council (INC) launches a first-of-its-kind certification tailored to the sector’s specific ESG challenges.• The framework aligns growers, processors, and traders around verified sustainability...
• Bureau of Land Management postpones Wyoming coal lease covering 365 million tons of reserves.• Montana auction earlier in the week drew only one bid at less than $0.01 per...
In this week’s ESG News Week In Review, renewable power overtook coal for the first time globally — a defining moment in the clean energy transition. The EU delayed new...
• The acquisition integrates GoBlu’s BHive® chemical compliance platform with Worldly’s environmental performance tools.• The merger advances data transparency and unification across 40,000+ manufacturers, brands, and retailers.• Aims to reduce...
• 19 of 25 World Bank executive directors back continued climate financing despite US opposition.• Directors representing 120 nations call for alignment with the Paris Agreement and a 45% climate...
• Highland Spring Group to deploy Altruistiq’s product footprinting platform across its operations until 2028.• Agreement will enable real-time cradle-to-gate carbon data for hundreds of SKUs, strengthening regulatory compliance and...
Austin startup aims to decentralize the grid Base Power, a fast-growing energy technology company based in Austin, has raised $1 billion in Series C funding to accelerate the rollout of...
Canada Expands Its Carbon Removal Frontier Deep Sky, the Montreal-based carbon removal project developer, has selected Manitoba as the site for one of the world’s largest carbon removal facilities. The...