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Key Impact Points: BP, the UK-based oil giant, has announced a significant shift in its strategy, moving away from earlier plans to cut oil and gas production by 2030 and...
Expanding Climate Tech Support HSBC has deepened its collaboration with Google Cloud, launching new initiatives to support the burgeoning climate tech sector. This partnership, particularly through the Google Cloud Ready...
Key Impact Points: Pioneering Energy Storage Solutions Sweco, a leader in civil and electrical engineering, is set to design Green Turtle—one of continental Europe’s largest battery storage facilities—for GIGA Storage...
Key Impact Points: National Finance, Oman’s leading finance company, has partnered with the Environment Society of Oman (ESO) to launch the innovative Green Campus Educational Initiative. This program aims to...
In a significant move to bolster the environmental, social, and governance (ESG) capabilities of its charitable sector, KPMG in Singapore has introduced an ESG Playbook for Charities. This initiative, developed...
Key Impact Points: Strategic Investment in Carbon Capture The UK government has reaffirmed its commitment to combatting climate change by allocating up to £21.7 billion to carbon capture and storage...
Intro: Matthew Sekol joined ESG News during Climate Week NYC to discuss his latest book, ESG Mindset: Business Resilience and Sustainable Growth, a guide for business leaders, ESG specialists, and...
Robert Langrick of the CFA Institute offers an in-depth look at the world’s largest ESG training program for ESG and sustainable finance professionals! Snapshot: Robert Langrick of CFA Institute sat...
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...
Follow ESG News on LinkedIn This week, the EU and the US seemed to swap roles as California advanced its climate disclosure law, maintaining the 2026 reporting deadline for large...
Last Updated: November 8, 2024 In this video, Marjella Lecourt-Alma, CEO of Datamaran, joined ESG News CEO Matt Bird to delve into the transformative role of AI and data in...
Amidst a backdrop of economic uncertainty and fluctuating global deal volumes, the significance of environmental, social, and governance (ESG) considerations in mergers and acquisitions continues to grow. The 2024 ESG...
Key Impact Points: The Asian Infrastructure Investment Bank (AIIB) has announced a significant commitment of $100 million toward climate transition investments in emerging Asia. This includes $75 million allocated to...
Key Impact Points: Marriott Hotels UK is taking a significant step in sustainability by deploying Winnow AI technology across 53 hotels in the UK, Ireland, and Nordics. This innovative system...
Real estate is crucial in the global emissions landscape, contributing approximately 40% to the total. As efforts to reach net zero intensify, it becomes imperative to accurately assess and mitigate...
Key Impact Points: BNP Paribas Asset Management (BNPP AM) has made a significant move by listing four ESG equity ETFs on the London Stock Exchange (LSE) for the first time....
In the video discussion between Jay Sadiq, CEO of FortyGuard, and Matt Bird, CEO of ESG News, Sadiq highlighted how FortyGuard’s hyper-local AI temperature data can be an invaluable tool...
In the news we heard about Sam Altman’s proposal to government for building multiple large-scale data centers with significant power requirements to support the growing computational needs of AI. There...
Asda has unveiled a new initiative within its Supply Chain Finance programme to drive enhanced sustainability practices among its suppliers. Collaborating with HSBC UK, the retailer is set to introduce...
Key Points: In a recent policy paper, WWF’s Greening Financial Regulation Initiative (GFRI) and CDP emphasize the urgent need for international and national financial regulators to embed nature-related risks into...
Adani Group and Google have unveiled a strategic collaboration to boost clean energy consumption and drive sustainability in India. The partnership will see Adani harnessing power from a new solar-wind...
The European Union has officially pushed back the enforcement of its pivotal Regulation on Deforestation-free Products (EUDR), a move confirmed by European Commission President Ursula von der Leyen. Originally set...
As China stands as the world’s largest greenhouse gas emitter, its commitment to reducing emissions by 30% by 2035 is a pivotal element in the global effort to meet the...
The United States is falling behind its ambitious climate targets, with current efforts set to achieve only a 22% reduction in emissions by 2030, significantly short of the 50% reduction...
The big picture: Italy’s antitrust agency has launched an investigation into Shein’s website operator, Infinite Styles Services Co., over potentially misleading environmental claims. The investigation targets Infinite Styles Services CO....
Monetary Authority of Singapore (MAS) and the World Bank are leading efforts to accelerate the coal transition through market-based approaches. Speaking at the New York Climate Week MAS-World Bank event,...
Driving Sustainable Growth in Emerging Markets The International Finance Corporation (IFC), a member of the World Bank Group, and HSBC Asset Management (HSBC AM) have deepened their partnership by establishing...
Chinese companies have poured over $100 billion into overseas clean energy technology projects since the start of 2023, according to research by Australian group Climate Energy Finance (CEF). The investments...
Why It Matters Business schools must adapt to corporate trends by integrating Environmental, Social, and Governance (ESG) principles into accounting training. With more public companies issuing ESG reports and new...
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...
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....
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