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Equinix, the world’s leading digital infrastructure company, has issued more than $750 million in green bonds, furthering its commitment to sustainability. With these new bonds, Equinix has raised a total...
The Big Picture Australia’s mandatory climate reporting starts January 1, 2025, following the passage of the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill. Royal Assent is expected...
The Asian Development Bank (ADB) has committed to dedicating 50% of its annual lending to climate finance by 2030, significantly increasing its previous target of 35%. This forms part of...
CEOs’ Priorities Shift Away From Sustainability New research from Bain & Company reveals a sharp decline in CEOs’ focus on sustainability as artificial intelligence, inflation, and geopolitical uncertainties rise to...
Schneider Electric, a leader in energy management, has partnered with GR3N to revolutionize the plastic recycling industry. GR3N’s Microwave Assisted DEpolymerization (MADE) process breaks down polyethylene terephthalate (PET) waste into...
The U.S. Environmental Protection Agency (EPA) has issued three draft permits to Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental Petroleum, for the underground storage of carbon dioxide. These...
Nasdaq ESG Solutions has partnered with Crux, a sustainable finance technology company, to help businesses navigate the emerging market of transferable tax credits. This collaboration allows companies to both manage...
ESG has had its ups and downs over the last few years. We hit peak ESG in 2021 with record investment flowing toward ESG-labeled funds and the highest number of mentions in earnings...
SEB’s Sustainable Investment Commitment SEB has unveiled the SEB Global Sustainable Companies Fund, a groundbreaking investment vehicle dedicated to companies that excel in environmental and social responsibility. As a pioneer...
Europe’s climate is changing fast, bringing extreme weather that poses significant risks to the region’s economy, environment, and health. With the continent warming at twice the global average since 1980,...
Volvo Trucks is set to revolutionize the electric truck market with its latest model, which boasts a range of up to 600 km on a single charge. This new capability...
BNP Paribas Accelerates Ecological Transition with €150M Fund BNP Paribas Asset Management (BNPP AM) announced that the BNP Paribas Solar Impulse Venture Fund (BNPP SIVF) has successfully raised its minimum...
The United Nations is collaborating with the Government of Tajikistan to develop a green bond market, aiming to enhance sustainable finance in the country. The UN Economic and Social Commission...
Mercedes-Benz Research and Development India (MBRDI) has broadened its Sustainability Garage initiative, an effort aimed at promoting sustainable mobility and environmental innovation. This expansion includes the establishment of two new...
Addressing the Heat Crisis Google Research is harnessing the power of AI to tackle one of the most pressing environmental challenges: extreme urban heat. The new Heat Resilience tool, developed...
Fastmarkets, a leader in cross-commodity price reporting, has launched its first sustainable aviation fuel (SAF) prices for the North American market. This new initiative is designed to enhance transparency and...
BNP Paribas Asset Management (BNPP AM) has launched two new equity funds under its Active Beta exchange-traded funds (ETFs) range: the BNP Paribas Easy Sustainable Japan UCITS ETF and the...
ADNOC’s Strategic Stake in ExxonMobil’s Hydrogen Plant Abu Dhabi’s ADNOC will acquire a 35% stake in ExxonMobil’s upcoming hydrogen plant in Baytown, Texas. This move is part of a broader...
Volvo Car AB has revised its electric vehicle (EV) strategy, moving away from its initial goal of becoming fully electric by 2030. Instead, the company now plans for plug-in hybrids...
Poland is now aiming for a 56% share of renewable energy in its electricity mix by 2030, according to Climate Minister Paulina Hennig-Kloska. This target, presented in a draft of...
Microsoft is doubling down on its commitment to sustainability with the formation of a new supplier decarbonization team. This initiative aims to tackle the rising carbon footprint associated with the...
Mirova, an affiliate of Natixis Investment Managers focused on sustainable investing, has announced the final closing of its first impact private equity fund, Mirova Environment Acceleration Capital (MEAC). The fund,...
The Abu Dhabi Department of Energy (DoE) is taking significant steps to foster a culture of sustainability among the younger generation in Abu Dhabi. By launching a series of initiatives,...
ACEN, GenZero, and Keppel Ltd. have partnered to drive the early retirement of the South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant (CFPP) in Batangas, the Philippines. The Memorandum...
Key Impact Points: Bank of America’s Carbon Capture DealBank of America is making a significant move into carbon capture, investing $205 million in a first-of-its-kind tax credit deal with Harvestone...
SAP Taiwan has opened its first-ever ESG and AI Research and Innovation Center in Kaohsiung, marking a significant step towards accelerating sustainable transformation in Taiwan. This center is set to...
Change is here, but are we ready? According to PwC’s latest Global Workforce Hopes and Fears Survey, over half of workers feel overwhelmed by the amount of change happening in...
The global data center industry is expected to emit approximately 2.5 billion metric tons of carbon dioxide-equivalent through 2030, according to a recent report from Morgan Stanley. This level of...
The Potential of AI in UAE Investment in Artificial Intelligence (AI) is poised to significantly boost the UAE’s economy, potentially adding an extra Dh335 billion ($91.28 billion) by 2031. This...
Nestlé continues to push the boundaries of sustainable packaging with innovative paper-based solutions across major brands. In a bid to significantly cut plastic waste, the company is making strides with...
Low-carbon technologies have delivered 42% more primary energy since 2015, mainly driven by supply-side initiatives. However, hydrocarbon demand increased by 31 exajoules in the same period. A new Boston Consulting...
Bridgestone, Grupo BB&G, and Versalis have launched a groundbreaking initiative to establish a closed-loop ecosystem for tyre recycling. The partnership focuses on transforming end-of-life tyres (ELTs) into new, high-performance tyres,...
China is accelerating its green transition, leveraging financial instruments to promote sustainable development. According to guidelines from the Communist Party of China Central Committee and the State Council, the focus...
Eni and Snam have launched Ravenna CCS, Italy’s first carbon capture and storage project, positioning it as a leading initiative in global carbon capture efforts. This project is a cornerstone...
EDP Renewables (EDPR) and Microsoft are taking significant strides towards clean energy in Singapore. Under a new 20-year agreement, Microsoft will purchase 100% of the renewable energy exported from EDPR’s...
The UK’s latest renewable power auction marks a significant step in reviving the offshore wind sector. Ørsted and Iberdrola were among the big winners, securing contracts for major projects like...
Amancio Ortega, the founder of Zara, is making waves in the renewable energy sector. His investment firm, Pontegadea, nearly tripled its investments in renewable energy projects last year, allocating €693...
A recent poll reveals that petrol car drivers have a poor understanding of electric vehicles (EVs), which is hindering the shift to cleaner, cheaper alternatives. The survey by YouGov for...
The energy crisis, exacerbated by Russia’s invasion of Ukraine, has led to soaring household bills and massive profits for some of the world’s largest energy companies. A new report by...
Nearly half of the UK’s largest companies have had to restate their climate and sustainability metrics this year, reflecting the increasing scrutiny and evolving standards in environmental, social, and governance...
AVPN, Asia’s largest network of social investors, has awarded $5 million in grants through its APAC Sustainability Seed Fund (SSF) 2.0. Supported by Google.org and the Asian Development Bank (ADB),...
Egypt’s Ministry of Electricity and Renewable Energy has approved a $900 million bid from the Abu Dhabi Future Energy Company (Masdar) to develop solar power plants in Upper Egypt, including...
European financial institutions are grappling with significant climate-related risks, leading to substantial financial losses and regulatory pressures. To address these challenges, the International Finance Corporation (IFC) has launched a groundbreaking...
TotalEnergies, a global energy company, has made a significant investment of $100 million in sustainable forestry to bolster carbon sequestration in the United States. The company partnered with Anew Climate,...
The EU and Angola have officially launched the Sustainable Investment Facilitation Agreement (SIFA), marking a significant step in fostering sustainable economic growth. This is the first-ever investment facilitation agreement by...
Texas is facing a legal challenge from the American Sustainable Business Council (ASBC), a nonprofit organization advocating for environmentally sustainable business practices. The lawsuit, filed on Thursday in Austin’s federal...
Wells Fargo is leveraging its scale to spearhead a shift toward sustainability. According to the August 2024 Climate Report, the bank is focused on decarbonizing its operations and helping customers...
Environmental, Social, and Governance (ESG) ratings and data products have become essential tools for financial institutions (FIs) to assess portfolio performance and environmental impact. In 2023, 85% of FIs disclosed...
Unilever is launching a groundbreaking initiative to create sustainable fragrances by repurposing waste flowers. This pilot program, developed in partnership with the University of Nottingham, aims to reduce emissions and...
For more from Tim Mohin, sign up for his newsletter here California made headlines in March 2023 when the legislature sent Governor Gavin Newsom three new climate laws. He signed all three into...
Robeco has launched a groundbreaking climate index family designed to meet the evolving needs of investors at various stages of their climate journey. The new suite includes the “Robeco Developed...
Meta’s Commitment to Sustainability In its 2024 Sustainability Report, Meta reaffirms its commitment to creating a sustainable future. The company has been at the forefront of environmental initiatives, focusing on...
The UK has reached a significant milestone in its journey toward renewable energy: 30 gigawatts (GW) of wind power capacity. This achievement marks a crucial step in the country’s commitment...
Plastic’s Growing Environmental Impact Plastic’s convenience has led to its widespread use, but the environmental costs are staggering. Every year, 400 million tonnes of plastic waste are generated worldwide, with...
Candriam Launches ESG Equity Market Neutral Fund for Sustainable Growth Candriam has introduced its latest ESG-focused fund, the Candriam Equities L ESG Market Neutral Fund, designed to offer investors diversified...
China’s Hygreen Energy and Spain’s Coxabengoa have taken a bold step to transform Europe’s green hydrogen market. The companies have signed a strategic agreement to collaborate on hydrogen technology advancement...
The Ministry of Energy and Infrastructure (MoEI) and the Ras Al Khaimah Petroleum Authority (RAKPA) have signed a Memorandum of Understanding (MoU) to strengthen their collaboration on sustainable energy initiatives...
Qatar’s renewable energy efforts are ramping up with the launch of the ‘BeSolar’ service by the Qatar General Electricity and Water Corporation (Kahramaa). This new initiative is a significant step...
India is on a path to significantly expand its bioeconomy, with projections indicating growth from $130 billion in 2024 to $300 billion by 2030. This expansion is driven by the...
New Evidence Highlights Flaws in Sustainable Finance Deals The Rainforest Action Network (RAN) has released a report challenging the legitimacy of sustainability-linked loans issued to Indonesia’s Royal Golden Eagle (RGE)...
Clean energy jobs in the U.S. are on the rise, growing at more than double the rate of the overall job market in 2023. The U.S. Energy and Employment Report...
Lego’s Bold Move Toward Sustainability Lego, the iconic toymaker, is taking a significant step toward sustainability by committing to replace the fossil fuels used in its bricks with pricier renewable...
FTSE Russell Broadens Climate-Focused Bond Indices FTSE Russell has expanded its Fixed Income EU Climate Benchmark index series to include high-yield securities and emerging markets, aligning these with the 2015...
Ørsted Completes Its Coal Phase-Ou On August 31, 2024, Ørsted will shut down its last coal-fired combined heat and power plant, Esbjerg Power Station, in Western Denmark. This marks a...
The European Investment Bank (EIB) has taken another significant step towards sustainability by issuing a new EUR 5 billion Climate Awareness Euro Area Reference Note (EARN). This 10-year bond, due...
The Science Based Targets initiative (SBTi) has introduced a new decarbonization framework specifically for the buildings sector, aiming to align it with global net-zero targets. This comprehensive framework is designed...
The Center for Sustainability and Excellence (CSE) proudly unveils the agenda and an exceptional lineup of keynote speakers for its highly anticipated 2024 Sustainability & ESG Leadership Summit, taking place...
After a recent slowdown, the European electric vehicle (EV) market is poised for a potential comeback, driven by high-end buyers. According to a new study by Boston Consulting Group (BCG),...
Worley, a global engineering leader based in Australia, is set to kick off the Front-End Engineering Design (FEED) phase for a $7 billion green ammonia project in Morocco’s Tarfaya region...
DP World has secured validation from the Science Based Targets initiative (SBTi) for its ambitious carbon reduction targets. The SBTi, a leading authority on corporate climate action, endorsed DP World’s...
Dubai Chamber Launches ESG Label for Businesses The Dubai Chamber of Commerce has unveiled its new Environmental, Social, and Governance (ESG) Label, a strategic initiative to promote sustainable business practices...
Middle Eastern Banks Invest $500M in Malaysia’s Pengerang Energy Complex Leading Middle Eastern banks and financial institutions have invested $500 million to finance Malaysia’s Pengerang Energy Complex, a facility that...
Capgemini’s Latest Insights on Data Mastery and AI Integration Capgemini’s latest report, Data-Powered Enterprises: The Path to Data Mastery, reveals a significant shift in how organizations are harnessing data for...
U.S. hospitals are adopting medical device reprocessing as a key strategy to cut costs, reduce waste, and minimize greenhouse gas emissions. Cardinal Health’s Sustainable Technologies™ division is leading this shift,...
The 2024 Chartered Accountants IFRS Survey provides critical insights into the perspectives of Chartered Accountants (CAs) on the impacts, challenges, and opportunities in financial reporting standards. As the financial landscape...
The European Commission’s REPowerEU Plan, launched in May 2022, aims to transform Europe’s energy landscape by reducing reliance on Russian fossil fuels and boosting renewable energy production. This strategic move...
Sunly’s Major Investment Move Renewable energy company Sunly has secured €300 million in funding to enhance its production capacity in the Baltics and Poland. This significant investment, sourced from prominent...
Water is a critical component for every industry, whether directly or indirectly, through its use in cooling, heating, transport, or agriculture. The 2023 CDP Global Water Report reveals that 1...
The LEGO Group is urging fans to “keep the play alive” by passing on their bricks. The new “made to be played” campaign celebrates the enduring value of LEGO® bricks,...
Rockwell Automation Appoints Emmanuel Guilhamon as VP of Sustainability Rockwell Automation, the global leader in industrial automation and digital transformation, has appointed Emmanuel Guilhamon as Vice President of Sustainability, effective...
Allianz Partners India and Pulse Energy have announced a strategic partnership aimed at revolutionizing the electric vehicle (EV) ownership experience across India. By combining Allianz Partners’ extensive mobility assistance network...
As someone who uses Asana daily to manage my projects and tasks at ESG News, I’ve grown to appreciate not just its utility but the way it seamlessly integrates various...
UltraTech Cement Limited has successfully secured $500 million through a sustainability-linked loan, underscoring its commitment to sustainability and ESG (Environmental, Social, and Governance) goals. This transaction, completed with the participation...
Wärtsilä and Eidesvik Offshore are making history. In a groundbreaking partnership, the two companies are set to convert the offshore platform supply vessel (PSV) ‘Viking Energy’ to operate on ammonia...
A recent report by the Actuaries Institute reveals a concerning rise in home insurance affordability stress in Australia. The “Home Insurance Affordability and Home Loans at Risk Report,” authored by...
IHG Hotels & Resorts is making strides in sustainability with its new Low Carbon Pioneers program. CEO Elie Maalouf shared insights on this initiative, which focuses on reducing carbon emissions...
IBM’s “Sustainability Technology Guide for Executives” offers a comprehensive roadmap for Asia Pacific businesses to harness technology for sustainability. Despite the growing importance of sustainable practices, only 21% of organizations...
As the demand for reliable Environmental, Social, and Governance (ESG) reporting grows, FTSE 100 companies are increasingly turning to external assurance to enhance transparency and meet stakeholder expectations. This trend,...
AQR Capital Management LLC, a leading quantitative firm, has attracted approximately $350 million for its newly launched Adaptive Equity Market Neutral UCITS Fund. The fund aims to demonstrate that environmental,...
Norges Bank Investment Management (NBIM) has taken a significant step in expanding its renewable energy portfolio. On August 23rd, NBIM committed €900 million to Copenhagen Infrastructure Partners’ (CIP) fifth flagship...
Ikea has launched “Ikea Preowned,” a peer-to-peer marketplace that allows customers to buy and sell secondhand Ikea furniture directly to each other. This move marks Ikea’s entry into the secondhand...
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...
For more from Tim Mohin, sign up for his newsletter here To say the SEC’s Climate Rule has gone through the wringer would be an understatement. The policy has faced fierce...
Germany’s Households and Sustainable Investments Germany’s households hold a substantial role in financing the green transformation. According to KfW Research, 44% of households are either already investing in sustainable financial...
Australia’s Senate has passed the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024, setting the stage for a new era of mandatory climate risk disclosures. Starting in...
Brazil is stepping up its commitment to sustainable aviation fuel (SAF) production with a substantial $1.1 billion financing initiative. The country’s development bank, BNDES, and government funding agency, Finep, are...
LGT Capital Partners’ 2024 ESG Report highlights the growing dedication among alternative investment managers to Environmental, Social, and Governance (ESG) standards. Over the past decade, the percentage of private equity...
Aramex Boosts Sustainability with New CSO Appointment Aramex, a global leader in logistics and transportation, has appointed Manosij Ganguli as Group Chief Sustainability Officer. This move signals Aramex’s deepening commitment...
The 2024 sustainability landscape has ushered in a significant era of ESG capacity building, with companies making strides in embedding sustainability into their core operations. According to Deloitte’s 2024 Sustainability...
Japan made a significant stride in energy transition on Wednesday by signing 70 memorandums of understanding (MOUs) with various partners. These agreements were secured during the Asia Zero Emission Community...
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