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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...
Climate Week NYC, an annual gathering of climate leaders, is now taking center stage over the United Nations Climate Change Conference (COP). The event, running through Sunday in Manhattan, has...
Amazon has introduced its new recyclable, lightweight paper envelopes in the UK, part of its ongoing commitment to reducing packaging waste. Developed in collaboration with Mondi, a packaging industry leader,...
Brookfield Asset Management has secured $2.4 billion in the initial closing of the Catalytic Transition Fund (CTF), moving closer to its goal of raising $5 billion. The fund is aimed...
Bloomberg has announced significant upgrades to its climate solutions suite, aimed at helping investors evaluate companies’ carbon emissions goals and transition risks more accurately. The enhanced tools offer detailed assessments...
Climate Week NYC 2024: A Call for Bold Action Climate Week NYC 2024 opened with a powerful message: “It’s Time.” Hosted in partnership with the United Nations General Assembly, the...
1. Finance and the Energy Transition Roundtable September 23 | 10:00 AM – 11:30 AM EDT Hosted by: Business Council for Sustainable Energy (BCSE) and CleanCapital Global energy transition investment...
At Climate Week NYC, the Climate Group called on governments, businesses, and the global climate community to adopt a far more urgent approach to tackling the emissions gap. The “Global...
Deloitte Boosts Global ESG Reporting with Salesforce Partnership Deloitte has adopted GreenLight powered by Salesforce, integrating Salesforce’s Net Zero Cloud with proprietary Deloitte technology to strengthen its global environmental, social,...
The Biden-Harris Administration, through the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED), has announced plans to provide up to $1.8 billion in funding to support the growth...
Datamaran, a leader in AI ESG software, announced securing $33 million in Series-C financing from Morgan Stanley Expansion Capital. This investment will accelerate the company’s expansion in the U.S. and...
Organizations are pushing forward with sustainability initiatives despite geopolitical turbulence. According to Capgemini Research Institute’s latest report, A World in Balance 2024: Accelerating Sustainability Amidst Geopolitical Challenges, regulatory frameworks and...
PepsiCo’s AI-Powered Recycling Push PepsiCo has partnered with Intuitive AI to introduce Oscar Sort, an AI-powered recycling assistant designed to improve waste management in high-traffic locations. Starting with select PepsiCo...
Climate Asset Management (CAM) announced the final close of its Natural Capital Fund and Nature-Based Carbon Fund, raising over $1 billion. Partnering with Apple’s Restore Fund, the funds focus on...
Meta’s 2024 Responsible Business Practices Report highlights our commitment to minimizing negative societal impacts while maximizing positive contributions. Themed “Unlocking Potential,” it showcases our progress across transparency, sustainability, and empowerment...
Air France-KLM scales up sustainable aviation fuel (SAF) commitments with a new agreement from TotalEnergies to supply up to 1.5 million tons over a 10-year period, solidifying their leadership in...
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: SEC Disbands Climate &...
The world is failing to meet the Sustainable Development Goals (SDGs) and urgent action is needed to unlock progress and overcome the growing annual SDG funding gap, which now stands...
For more from Tim Mohin, sign up for his newsletter here The SEC’s beleaguered ESG agenda took another hit this week as their Enforcement Division’s Climate & ESG Task Force, set up...
The European Investment Bank (EIB) Board has approved €5.3 billion in financing to boost climate resilience and bolster business competitiveness. This investment will support cities, businesses, and communities in Europe...
Google has made a significant step toward its sustainability goals by purchasing carbon removal credits from Brazilian startup Mombak, marking its first engagement with nature-based carbon projects in South America....
ING has released its Climate Progress Update 2024, highlighting how it engages with clients in transitioning to a low-carbon economy. The update reflects ING’s commitment to steering the most carbon-intensive...
Ørsted has signed a major deal with Equinor, agreeing to sell 330,000 tonnes of carbon dioxide removal (CDR) credits over a ten-year period. This is tied to Ørsted’s groundbreaking ‘Kalundborg...
A Critical Moment for Sustainable Development The world faces significant challenges—geopolitical conflicts, the climate crisis, high inflation, and the lingering effects of COVID-19—that hinder sustainable development. Only 17% of Sustainable...
Standard Chartered Bank and SEB have expanded their partnership with Puro.earth to enhance the Carbon Dioxide Removal (CDR) market. By facilitating offtake agreements for high-quality, Puro Standard-certified carbon removal credits,...
MSCI Inc. has launched MSCI Carbon Project Ratings, the first tool to assess the integrity of over 4,000 carbon credit projects. This marks a significant step forward in setting new...
Key Impact Points: ERM has partnered with CEEZER to create the ERM Carbon Credit Portal, enabling businesses to purchase and retire carbon credits efficiently. The portal, integrated with ERM’s carbon...
The Hong Kong Monetary Authority (HKMA) and the Dubai Financial Services Authority (DFSA) wrapped up their inaugural Joint Climate Finance Conference on September 16, 2024. Held in Hong Kong, the...
Growing Confidence in SI Data Concerns about the availability and accuracy of ESG data have significantly declined, with fewer asset owners citing it as a barrier to sustainable investment (SI)....
SBTi Expands Corporate Net-Zero Standard to Refine Emission Neutralization The Science Based Targets initiative (SBTi) is advancing its efforts to help companies achieve net-zero by revising its Corporate Net-Zero Standard....
Kenya has taken a significant step forward in its climate goals by becoming the first African nation to develop a national REDD+ registry, designed to track carbon credits aimed at...
United Airlines and the San Francisco 49ers have teamed up to reduce carbon emissions from air travel by launching a pilot project using sustainable aviation fuel (SAF). The 49ers are...
Shopify Launches Carbon Commerce Platform for Carbon Credits Shopify, a leader in digital commerce, has introduced Carbon Commerce, a platform designed to simplify the sale and purchase of carbon credits....
IBM and the United Nations Development Programme (UNDP) have launched two innovative energy models aimed at accelerating a global energy transition. Hosted on UNDP’s GeoHub platform, these free, interactive models...
Meta (META.O), the parent company of Facebook and Instagram, has agreed to purchase up to 3.9 million carbon offset credits from BTG Pactual’s forestry arm in Latin America by 2038....
Woodland Biofuels Invests $1.35 Billion in Louisiana for Renewable Fuels Toronto-based Woodland Biofuels announced a $1.35 billion investment to build a renewable natural gas (RNG) and ultra-green hydrogen facility at...
Hero Future Energies, a unit of the Hero Group, is set to invest $20 billion over the next six years to expand its renewable energy capacity nearly 16-fold, according to...
A new partnership between BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX aims to revolutionize AI infrastructure with a potential $100 billion investment. The Global AI Infrastructure Investment Partnership (GAIIP)...
Vanguard’s Investor Choice proxy voting pilot, launched in early 2023, has revealed new data from the 2024 proxy season, showing growing individual investor engagement. The initiative enables individual investors to...
More than 530 financial institutions, managing over $29 trillion in assets, are pressuring governments worldwide to take decisive action on the climate crisis. In a joint statement ahead of COP29,...
Travalyst has made flight emissions data more accessible than ever, scaling its information to appear in over 65 billion flight searches globally. This effort, led by the non-profit founded by...
Hygenco Green Energies Pvt Ltd, a leader in green hydrogen production, has signed a Memorandum of Understanding (MOU) with REC Limited to finance its Green Ammonia Project in Gopalpur, Odisha....
The Commission’s Approval The European Commission has approved Poland’s €1.2 billion (PLN 5 billion) state aid scheme, designed to drive investments in sectors crucial for the shift to a net-zero...
European Commission President Ursula von der Leyen has revealed the team that will lead the EU’s most powerful institution for the next five years, with a clear focus on addressing...
The 2023 National Solar Jobs Census, published by the Interstate Renewable Energy Council (IREC), reveals a notable increase in solar jobs across the U.S. The report shows 279,447 workers are...
Despite increasing urgency to address climate change, corporate decarbonization progress has slowed. A new report by Boston Consulting Group (BCG) and CO2 AI reveals minimal progress by companies in addressing...
Tata Power has unveiled an ambitious plan to invest approximately 700-750 billion rupees ($8.95 billion) over the next five to six years to ramp up its renewable energy capacity. According...
Enfinium, a leading UK energy from waste operator, has launched the country’s first carbon capture pilot at its Ferrybridge facility in West Yorkshire. The trial marks a pivotal moment for...
Carlyle has announced a strategic partnership with North Bridge ESG LLC, committing up to $1 billion to boost the origination of commercial property assessed clean energy (C-PACE) loans. This partnership...
At Goldman Sachs, a new ESG filter is rethinking how companies are evaluated by focusing on circularity—the extent to which they recycle, manage waste, and reuse materials. This model has...
Deloitte has launched Deloitte Academies, an initiative designed to equip organizations with critical skills for future success, focusing on areas like AI, sustainability, and leadership development. As businesses face rapid...
The PDIE (Purpose Driven Innovation Ecosystem) Group known as the No1 Earthshot Prize nominator, and Venionaire Capital, a leading global investment company based in Vienna, Austria, are proud to announce...
Apple’s Green Push for iPhone 16 Apple continues its drive toward sustainability with the release of the iPhone 16 and iPhone 16 Plus, reducing their carbon footprint by 30% compared...
The European Commission has approved a €682 million ($756.54 million) Belgian state aid package to support the growth of offshore wind energy. The funds will back the construction and operation...
1PointFive, a subsidiary of Occidental, has secured up to $500 million in funding from the U.S. Department of Energy (DOE) to develop its South Texas Direct Air Capture (DAC) Hub....
Germany and Australia signed a $660 million deal to strengthen green hydrogen supply chains, equally funded by both governments. The agreement aims to provide European buyers for Australia’s renewable hydrogen...
The UAE continues to make significant strides in clean energy investments, with total investments exceeding $12 billion (AED 45 billion), according to Suhail bin Mohammed Al Mazrouei, Minister of Energy...
TotalEnergies Joins Japan’s First Low-Carbon Hydrogen Fund TotalEnergies has entered the “Japan Hydrogen Fund” as an investor during its first close. The fund, initially endowed with over $400 million, is...
India’s push toward clean energy just received a major boost, with $386 billion in funding commitments to help reach its target of 500 gigawatts (GW) of renewable energy by 2030....
American Express Global Business Travel (Amex GBT) has achieved a significant milestone in corporate climate action, with its emissions reduction targets validated by the Science Based Targets initiative (SBTi). This...
For more from Tim Mohin, sign up for his newsletter here Tuesday’s US Presidential debate was remarkable for many reasons – but climate was not one of them. However, we listened...
BBVA Expands to Houston for U.S. Energy Transition Leadership BBVA Group has opened a new office in Houston, positioning itself as a key player in financing the U.S. energy transition....
IFC issues a 2.6 billion Swedish krona green bond to promote blue finance in emerging markets. The $243 million bond will finance ocean-friendly projects and improve access to clean water...
ERM, the world’s leading sustainability consultancy, has teamed up with osapiens, an AI-driven ESG platform provider, to help businesses manage and act on ESG data. This partnership aims to simplify...
Allianz Global Investors (AllianzGI) has secured EUR 560mn in total commitments at the first closing of its Impact Private Credit (IPC) strategy. Key investors include Allianz, APG Asset Management, the...
The 2024 State of the Energy Union report highlights the EU’s significant progress in ensuring secure, competitive, and affordable energy, while also laying the groundwork for future economic growth and...
Standard Chartered Leads Innovative Financing for Carbon Removals Standard Chartered is breaking new ground by providing debt financing to UNDO, a project developer specializing in enhanced rock weathering, a method...
China’s Envision Group Expands Green Hydrogen Efforts in Spain Spain has signed a $1 billion deal with China’s Envision Group to build a factory producing electrolysers, a critical component for...
Deloitte’s 2024 CxO Sustainability Report reveals a growing commitment to sustainability, with 85% of CxOs increasing their investments, up from 75% last year. This shift signals climate action’s lasting presence...
The U.S. Environmental Protection Agency (EPA) has released proposed updates to its Recommendations of Specifications, Standards, and Ecolabels for Federal Purchasing. These updates are aimed at helping federal government buyers...
HSBC Asset Management (HSBC AM) expands its private credit capabilities by launching the Global Transition Infrastructure Debt and European Senior Direct Lending strategies, further scaling its USD 6.5 billion global...
Thomson Reuters Announces Integration with SAP for ESG Reporting Thomson Reuters (TSX/NYSE: TRI) has partnered with SAP to launch a product integration that simplifies Environmental, Social, and Governance (ESG) reporting...
Oracle recently introduced Oracle Fusion Cloud Sustainability, a new application within its Fusion Cloud Applications Suite. The offering helps organizations manage and report on sustainability initiatives efficiently—at no additional cost....
Patagonia is taking bold steps to protect global forests by joining Canopy’s Pack4Good initiative. The outdoor apparel giant has committed to sourcing its packaging from non-forest fibers, aiming to eliminate...
The European Investment Bank (EIB) and the Development Bank of Southern Africa (DBSA) have increased their support for private sector renewable energy projects, boosting their combined financing to €600 million...
Worldly, a leader in supply chain sustainability insights, launched its Product Impact Calculator, the first tool to seamlessly integrate primary supply chain data with pre-built product impact models. This innovation...
QNB Group has signed a landmark agreement with DHL Express to incorporate Sustainable Aviation Fuel (SAF) into its shipping solutions, cutting CO2 emissions by 50% for all express air shipments....
A new report by the Transition Pathway Initiative (TPI), based at the London School of Economics, finds that 30% of the world’s largest corporate emitters now have climate targets aligned...
New analysis by the Travel Smart campaign, led by T&E, reveals that tech companies are significantly cutting business travel emissions, with an average reduction of 49% in 2023 compared to...
The 2024 UK Net Zero Business Census sheds light on the nation’s progress toward reducing carbon emissions. The study, which is the largest of its kind, surveyed over 2,000 businesses,...
Upright has just launched a groundbreaking open database, the first of its kind, covering the science-based impact of over 35,000 mutual funds and ETFs worldwide. This initiative offers an unprecedented...
The Growing Role of ESG Ratings With 94% of investors relying on ESG ratings at least once a month, the influence of these tools in financial markets has surged. Despite...
ClimeCo, a leader in decarbonization and sustainability solutions, has introduced the ClimeCo Certified Product™ Program to address the growing demand for sustainable products. This program offers businesses a way to...
Brookfield Asset Management has partnered with Infinium, the first producer of ultra-low carbon eFuels, to invest up to $1.1 billion in scaling Infinium’s sustainable aviation fuel (eSAF) and other eFuels...
Google has announced a groundbreaking partnership with Holocene to purchase carbon removal credits at the lowest price recorded for direct air capture (DAC) technology: $100 per ton. This marks a...
AI-Powered Platform ESGSure Revolutionizes ESG Research ESG Data & Solutions (ESGDS) has launched ESGSure, an artificial intelligence-powered platform designed to simplify and scale environmental, social, and governance (ESG) research. It...
Nordea Asset Management (NAM), a leading Nordic investment manager, has been awarded a $450 million global equity mandate by the California State Teachers’ Retirement System (CalSTRS). CalSTRS, one of the...
The UK Financial Conduct Authority (FCA) has extended the deadline for sustainable fund marketing rules to April 2025. This extension applies to the “naming and marketing” rules designed to curb...
Euronext Expands Sustainable Finance Tools Euronext has launched a series of ESG initiatives to support sustainable finance and corporate transparency, announced during Euronext Sustainability Week. These new tools are part...
India has unveiled its largest wind energy project, which will power 3 million households. The 1,166-megawatt (MW) initiative is a collaboration between government-owned NTPC Green Energy Limited (NGEL) and Suzlon...
Novata Expands with New Sustainability Tools for Private Companies Novata, a leader in sustainability management for private markets, has launched “Novata for Companies,” a new platform designed to help private...
Robeco has unveiled its new High Income Green Bonds strategy, becoming the first asset manager to offer an Article 9 green bond strategy in the credit market. This innovative approach...
Nasdaq Dubai has welcomed a $400 million Green Bond issued by the Bank of China (Dubai Branch), part of the bank’s $40 billion Medium Term Note Programme. The bond, rated...
As global ESG reporting regulations tighten, companies are under pressure to improve their sustainability data management. Yet, according to an Accenture study, only 10% of CFOs feel ready for detailed...
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