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Driving Sustainability and Growth CaixaBank has unveiled its 2025-2027 Sustainability Plan, a cornerstone of its Strategic Plan, committing to mobilize €100 billion in sustainable finance—a 56% increase from its previous...
Strategic Partnership for Forest Conservation Eni has signed a landmark agreement with Côte d’Ivoire’s Ministry of Water and Forests to protect and restore 14 forests across a total area of...
Barclays Calls for Bold Action Barclays has urged the UK Government to take decisive steps to decarbonize homes and meet the ambitious 2035 emissions reduction target of 81% below 1990...
Lufthansa Cargo and A.P. Moller – Maersk (Maersk) have announced a strategic collaboration aimed at reducing CO₂ emissions in airfreight through the use of Sustainable Aviation Fuel (SAF). As part...
DHL Express and Shell have entered into a landmark 1-year agreement to promote sustainable air freight operations at Brussels Airport. The deal includes the delivery of 25 kt of Sustainable...
Driving Collective Action at COP16 The OPEC Fund for International Development (OPEC Fund) will actively contribute to global discussions on combating desertification and restoring degraded land at COP16, hosted in...
A New Chapter for Arkolia Mirova and BNP Paribas Asset Management have jointly invested over €200 million in Arkolia, a leading French renewable energy developer. Each acquired an equal stake...
BNP Paribas’ Shift Towards Sustainable Investing In a November strategy update, BNP Paribas Asset Management announced it would cease investments in new bonds issued by oil and gas exploration and...
IAG’s Bold Step Towards Decarbonization International Airlines Group (IAG) has announced a groundbreaking purchase agreement with e-SAF producer Infinium to bolster its sustainability efforts. Infinium will supply power-to-liquid e-SAF to...
IBM’s first-ever State of Sustainability Readiness Report 2024 revealed critical insights into the intersection of sustainability and technology. The report highlighted that 88% of business leaders plan to increase IT...
Singapore has solidified its leadership in sustainability reporting, surpassing global benchmarks in six of twelve key indicators, according to KPMG’s 2024 Survey of Sustainability Reporting. The city-state is one of...
Supporting Clean Technology Innovation The Wells Fargo Innovation Incubator (IN²), co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), has announced three new startups for its 14th...
Leadership Transition at HSBC HSBC has announced the appointment of Julian Wentzel as Interim Group Chief Sustainability Officer, effective January 1, 2025. Wentzel, currently Head of Global Banking for the...
The Middle East ESG Reporting & Data Summit kicks off today, November 28, 2024, at the Hyatt Regency Dubai Creek Heights, bringing together professionals and thought leaders to explore critical...
Google has announced the opening of 1265 Borregas, its first office building constructed using mass timber, in Sunnyvale, California. The building reflects Google’s commitment to sustainability, employee wellbeing, and community...
ExxonMobil (NYSE: XOM) is investing over $200 million to expand its advanced recycling operations at its Baytown and Beaumont sites in Texas. The expansion will add 350 million pounds of...
Eni CEO Claudio Descalzi and MSC Group President Diego Aponte have signed a memorandum of understanding (MoU) to develop joint initiatives focused on sustainability and energy transition. The agreement seeks...
Blackstone and Santander Corporate & Investment Banking have announced an agreement where funds managed by Blackstone Credit & Insurance (BXCI) will acquire interests in a $1 billion portfolio of high-quality...
SSAB has entered a collaboration agreement with Amazon Web Services (AWS) to deliver fossil-free steel for AWS’s three new data centers in Mälardalen, Sweden. Utilizing SSAB’s unique HYBRIT® technology, the...
LeapFrog Investments Raises Record $1.15 Billion to Accelerate Healthcare and Finance for 100 Million in Emerging Markets LeapFrog Investments has closed its fourth fund (“Fund IV”) with commitments and designated...
The Bahamas has unlocked more than $120 million to fund the conservation and management of its oceans and mangroves through a debt swap financed by Standard Chartered and backed by...
What’s happening: The ADB has approved a $500 million policy-based loan to strengthen the Philippines’ efforts to tackle climate change. This loan supports the Philippines’ Climate Change Action Program (CCAP)...
What’s happening: The UK government is set to begin consultations on its zero-emission vehicle mandate, confirming the ambitious 2030 deadline for phasing out new petrol and diesel car sales. This...
Why it matters: As regional economies face increasing pressure to meet global climate targets, there’s a critical demand for leaders skilled in sustainable finance. The Monetary Authority of Singapore projects...
Key Takeaways: SGS has unveiled three essential services designed to support organizations in complying with the Corporate Sustainability Reporting Directive (CSRD) and advancing their Environmental, Social, and Governance (ESG) disclosures....
The move to mandatory reporting: KPMG Survey of Sustainability Reporting 2024 With mandatory sustainability reporting on the horizon, KPMG’s latest survey reveals a remarkable surge in global businesses integrating ESG...
Equinix, Inc., the world’s digital infrastructure company, has strengthened its commitment to sustainability by issuing an additional €1.15 billion in green bonds. Following over $750 million issued in September 2024,...
BP’s Investment in Indonesia’s Energy Transition BP, on behalf of the Tangguh Production Sharing Contract partners, announced the final investment decision for the $7 billion Tangguh Ubadari, CCUS, Compression (UCC)...
Embedding Sustainability in Six Focus Areas Mercedes-Benz has integrated sustainability into its corporate strategy, defining six focus areas to drive lasting impact: Environment & Climate, Resources & Circularity, Human Rights,...
Expanding PwC Greece’s ESG Vision PwC Greece has appointed Antonios Tsiligiannis as its ESG, Sustainability & Climate Change Manager, positioning itself to strengthen its leadership in sustainable initiatives and urban...
The COP29 Presidency announced a major milestone in climate diplomacy: the full operationalization of Article 6 of the Paris Agreement, unlocking international carbon markets after years of complex negotiations. The...
COP29, held in Baku, Azerbaijan, concluded after intense negotiations. While the summit delivered key agreements, divisions and frustrations underscored the challenges of addressing the global climate crisis. Here’s a comprehensive...
A Major Step Toward Sustainability HSBC Hong Kong, Cathay Pacific, and EcoCeres have joined forces to launch Hong Kong’s most significant initiative to date in promoting sustainable aviation fuel (SAF)....
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It wouldn’t be a climate COP without negotiations going down to the wire. This year’s talks will likely go into the wee hours of tomorrow morning as delegates try to...
Op-Ed By: Bailey Church: Partner, Accounting Advisory Services at KPMG Canada The public sector needs to lead by example in Canada’s adoption of sustainability reporting. The extreme weather events in...
Record Demand for Iberdrola’s Hybrid Green Bond Iberdrola has successfully placed an €800 million hybrid green bond in the Euromarket, as reported to Spain’s National Securities Market Commission (CNMV). The...
SAP’s New Global Sustainability Lead SAP has named Matthias Medert as its Global Head of Sustainability, a role that underscores the company’s commitment to advancing sustainability within its operations and...
A contested proposal The Azerbaijani presidency at COP29 revealed a draft plan urging wealthy nations to lead a $250 billion annual financing initiative by 2035. This figure, termed the “new...
What It’s About Microsoft has introduced the Microsoft Sustainability Academy, a free webinar series designed to support professionals in embedding sustainability into business strategies, improving ESG data management, and advancing...
Hilkka Komulainen Leads Sustainability and Impact Initiatives Quinbrook Infrastructure Partners has named Hilkka Komulainen as its new Global Head of Sustainability and Impact, effective November 25, 2024. Komulainen, based in...
Empowering Investors with Data-Driven Insights ISS ESG, the sustainable investment arm of ISS STOXX, has unveiled a new customizable Climate Impact Report. Designed for institutional investors, the report aims to...
Accelerating the Environmental Transition At COP, Societe Generale reaffirmed its commitment to advancing the environmental transition. The bank’s new €500 billion sustainable finance target for 2024–2030 includes €400 billion in...
Rising ESG Challenges for Canadian CEOs According to KPMG’s 2024 CEO Outlook, Canadian executives are placing sustainability at the forefront, driven by extreme weather events, disruptive technologies, regulatory changes, and...
A Revolutionary Carbon Removal Initiative Return Carbon and Verified Carbon have announced Project Concho, a groundbreaking Direct Air Capture (DAC) hub to be built in Tom Green County, Texas. This...
Details of the Transaction The European Commission raised €7 billion in its 10th syndicated bond transaction of 2024, with €3 billion allocated as NextGenerationEU (NGEU) Green Bonds. The issuance included:...
Vision 2030: Scaling Sustainability PUMA has announced its Vision 2030 sustainability goals, elevating its previous commitments to create a larger impact across climate, circularity, and human rights. “With Vision 2030,...
Bolivia’s $5 Billion Carbon Credit Plan Bolivia is set to sell $5 billion worth of carbon offset credits to tackle rampant deforestation and achieve its goal of halting forest loss...
BNP Paribas Future Forest Fund: A Sustainable Initiative BNP Paribas Asset Management has launched the BNP Paribas Future Forest Fund, a sustainable forestry fund designed to support certified timber production...
A Historic Step for Climate and Tourism The United Nations announced on Wednesday that over 50 governments have signed a declaration to make global tourism more climate-friendly, calling it a...
Deloitte and Workiva Expand Sustainability Compliance Tools Deloitte and Workiva have launched four new ESG accelerators aimed at simplifying regulatory compliance under the European Union’s Corporate Sustainability Reporting Directive (CSRD)....
Building a Resilient Lithium Supply Chain Sigma Lithium has announced the shipment of 22,000 tonnes of its Quintuple Zero Green Lithium to International Resources Holding (IRH), Abu Dhabi’s official trading...
$1.48 Billion GAIA Platform Launched to Address Climate Finance Gaps At COP29, FinDev Canada, MUFG Bank, Green Climate Fund (GCF), and Climate Fund Managers signed a Memorandum of Understanding to...
Key Impact Points: EU Advances Carbon Removal Standards The Council has finalized a regulation to establish the EU’s first certification framework for permanent carbon removals, carbon farming, and carbon storage...
Climate Risks and Financial Stability: Key Insights The European Supervisory Authorities (EBA, EIOPA, and ESMA) and the European Central Bank (ECB) today published findings from the one-off “Fit-for-55” climate scenario...
The Council of the European Union has approved a groundbreaking regulation to enhance the transparency, consistency, and comparability of environmental, social, and governance (ESG) ratings. This move aims to bolster...
A Milestone for Green Energy At the COP29 World Climate Conference in Baku, Azerbaijan, Indonesia announced a €1.2 billion green funding agreement with German state development bank Kreditanstalt für Wiederaufbau...
Starbucks Welcomes New Sustainability Leader Starbucks has appointed Marika McCauley Sine as its new Chief Sustainability Officer, effective November 18, 2024. The former Mars Inc. executive succeeds Michael Kobori, who...
Some of the world’s biggest companies, including BlackRock Inc., Block Inc., Ripple, and Samsara Inc., are driving decarbonization in aviation through a $200 million investment in sustainable aviation fuel (SAF)....
Endesa, one of Spain’s leading energy companies, has announced a record-breaking €9.6 billion investment under its 2025-2027 strategic plan. The move comes as the company aligns with the ambitious electrification...
John Veech to Lead SP in Addressing U.S. Infrastructure Challenges Sustainability Partners (“SP”), a Public Benefit Company known for sustainable infrastructure funding and deployment across the U.S., announced the appointment...
Released during COP29, Deloitte’s report, Turning Point: Feeding the World Sustainably, details the economic and social benefits of transforming global food production. The analysis highlights that addressing undernourishment, feeding a...
The UK government has taken a significant step to regulate Environmental, Social, and Governance (ESG) ratings providers, aiming to bolster transparency and ensure robust oversight in a market set to...
Indian billionaire Gautam Adani’s conglomerate, Adani Green Energy Ltd., is preparing to revive a $600 million bond deal after postponing a similar issuance in October. This move comes as Adani...
IBM Expands Asset Management with Maximo Renewables IBM has officially launched IBM Maximo Renewables, a comprehensive tool designed to help organizations manage and optimize their renewable energy assets. This innovative...
Fidelity International has announced its intention to adopt the ‘Sustainability Focus’ label for three equity funds under the Financial Conduct Authority (FCA)’s Sustainability Disclosure Requirements (SDR). This move is part...
The International Sustainability Standards Board (ISSB), under the IFRS Foundation, has published a new guide to aid companies in identifying and disclosing material information related to sustainability risks and opportunities....
Collaborative Standards for Broader Sustainability CDP and 20 prominent landscape practitioner organizations have come together to establish four core criteria for impactful and scalable landscape initiatives. This collaboration marks a...
At COP29, the Multilateral Climate Funds (MCFs)—comprising the Green Climate Fund (GCF), the Adaptation Fund, the Climate Investment Funds (CIF), and the Global Environment Facility (GEF)—announced the launch of the...
Ingka Group, the largest IKEA retailer, is investing €1.5 billion to accelerate its transition away from fossil fuels. This move contributes to the company’s goal of reducing its climate footprint...
Amanda Young, former Chief Sustainability Officer at Abrdn, has joined the Global Ethical Finance Initiative (GEFI) as a Senior Advisor. With over a decade of experience in sustainability and responsible...
Clorox Company has announced a strategic partnership with carbon tracking platform Manufacture 2030 (M2030) to advance decarbonization throughout its value chain by assisting suppliers in meeting carbon reduction targets. Why...
The International Chamber of Commerce (ICC) and Sage have released a global report unveiling a $789 billion green finance opportunity for small and medium-sized enterprises (SMEs). Despite this vast potential,...
The American Petroleum Institute (API), representing nearly 600 U.S. oil and natural gas companies, has released a policy wishlist for President-elect Donald Trump’s incoming administration. The platform focuses on reversing...
The New York City Employees’ Retirement System (NYCERS) has joined the UN-convened Net-Zero Asset Owner Alliance (NZAOA), reinforcing its commitment to addressing climate change risks in its investment portfolio. “This...
BP, Equinor, Shell, and TotalEnergies have announced a combined commitment of $500 million to support the United Nations Sustainable Development Goal 7 (UN SDG7), which strives for universal access to...
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. Follow ESG News on LinkedIn ESG NEWS...
Follow ESG News on Linkedin In the first EU Parliament hearing since the US election, voices against the EU Green Deal from the right and far-right were louder than ever. Emboldened...
A group of conflict-affected countries is pushing at COP29 to double financial aid to more than $20 billion a year to combat natural disasters and security crises facing their populations,...
At COP29 in Baku, the COP29 Presidency launched the Baku Call on Climate Action for Peace, Relief, and Recovery (BCCAP), a milestone initiative aimed at addressing the critical intersection of...
At COP29, the International Organization for Standardization (ISO) unveiled new ESG Implementation Principles to help organizations navigate the complex Environmental, Social, and Governance (ESG) landscape. These guidelines aim to simplify...
Global Companies Lag in Renewable Energy Adoption, CDP Report Finds A new report from non-profit CDP reveals that major global companies are falling short in their use of renewable energy,...
Singapore has joined the European Union (EU) and China in presenting the Multi-Jurisdiction Common Ground Taxonomy (M-CGT), a significant step towards harmonizing sustainable finance taxonomies across the three regions. Developed...
The Inter-American Development Bank (IDB) and its private sector arm, IDB Invest, are accelerating their climate and environmental sustainability efforts across Latin America and the Caribbean. By 2030, they plan...
What’s New For the first time, JPMorgan Chase, the United States’ largest lender, has disclosed its Energy Supply Financing Ratio, revealing that it provided $1.29 in financing to green energy...
Deep Sky, a leader in carbon removal technology, has finalized a significant deal with Microsoft and Royal Bank of Canada (RBC) for the sale of 10,000 carbon removal credits. This...
The European Parliament’s recent vote to delay the EU deforestation regulation signals a shift that could impact environmental and trade policies for years to come. While the law was originally...
The 2024 EY Global Climate Action Barometer reveals that while climate disclosures have improved significantly over recent years, urgent action remains lacking among companies to combat the intensifying climate crisis....
A recent KPMG International report, Leaders 2050, reveals that young professionals worldwide are feeling disempowered in supporting their organizations’ climate goals. The survey, involving over 800 young people aged 18...
IBM has released its first-ever State of Sustainability Readiness Report 2024, revealing that 88% of business leaders plan to increase IT investments for sustainability over the next 12 months. Conducted...
CDP and the Global Reporting Initiative (GRI) have strengthened their partnership to enhance environmental reporting. This new step, formalized through a Memorandum of Understanding (MoU) signed at the COP29 Climate...
At COP29 in Baku, Azerbaijan, IBM and Sustainable Energy for All (SEforALL) announced new AI-powered tools designed to guide sustainable urban development globally. These tools, launched as part of the...
At COP29 in Azerbaijan, a significant early pledge emerged as major development banks, including the World Bank, committed to raising climate finance to $120 billion annually by 2030. This figure...
Amazon.com and IKEA, prominent members of the Zero Emissions Maritime Buyers Alliance (ZEMBA), are intensifying their efforts to decarbonize ocean shipping by preparing for a major tender to launch in...
The International Auditing and Assurance Standards Board (IAASB) has officially published the International Standard on Sustainability Assurance 5000 (ISSA 5000), marking a significant step in standardizing sustainability assurance practices globally....
Saudi Arabia, the world’s largest oil exporter, marked a significant milestone in its environmental strategy by launching its first carbon credit exchange at the UN Climate Change Conference (COP29) in...
Denham Capital has appointed Justin DeAngelis as Global Head of Sustainable Infrastructure, following four years as Partner & Co-Head of Denham Sustainable Infrastructure (DSI) alongside Scott Mackin. DeAngelis, who boasts...
Prime Minister Keir Starmer, speaking at COP29 in Baku, Azerbaijan, declared the UK’s intensified commitment to lead in the global clean energy transition. “Our mission to make Britain a clean...
ScottishPower has formalized a major £1 billion turbine supply contract with Siemens Gamesa for its East Anglia TWO offshore windfarm. The deal involves Siemens Gamesa providing 64 SG 14-236 DD...
The Climate Investment Funds (CIF) has launched its ambitious Capital Market Mechanism (CCMM) on the London Stock Exchange (LSE), designed to raise up to $75 billion (£58 billion) to finance...
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