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re.green has finalized its largest carbon removal (CDR) project to date. re.green will deliver approximately 3 million tons of carbon removal credits over a 15-year period through the restoration of...
Broadening our ambition in greenhouse gas reduction Standard Chartered enhances net zero roadmap with commitment to deliver methane (CH4) emissions reduction target. A methane target aligns with our focus on...
PepsiCo is setting a new standard for sustainability within the food and beverage industry. Their beverage plant in Álava, Basque Country, Spain is on track to become the company’s first...
Frontier has facilitated offtake agreements with Vaulted Deep, a carbon removal company that injects carbon-rich organic waste deep underground for permanent storage. Vaulted spun out of—and uses core tech from—Advantek Waste...
KfW Development Bank is committed to the concept of sustainability, an economic system that safeguards the livelihood and quality of life for the coming generations, too. This is why KfW...
The Earthshot Prize and its network have catalyzed £50M in funding in addition to Prize Money, reaching 54M people on average each year on social media since 2021. The finalists...
OUE REIT Management Pte. Ltd., in its capacity as manager of OUE Real Estate Investment Trust (“OUE REIT”, formerly known as “OUE Commercial REIT”), is pleased to announce that OUE...
New plan to help cut methane, not corners, as part of net zero by 2050 ambition. Mars, Inc., has announced the launch of an ambitious sustainable dairy plan that will...
As the global community intensifies efforts to combat climate change, the importance of net-zero emissions targets has come into sharp focus. These targets, which aim to balance the amount of...
Renewables generated a record 30% of global electricity in 2023, driven by growth in solar and wind. With record construction of solar and wind in 2023, a new era of...
Key take-aways The largest direct air capture and storage plant, named Mammoth, starts operations in Iceland. It is the second commercial facility of Climeworks in Iceland and is about ten...
There is a clear sense that global CEOs in 2024 are more confident about controlling what they can and managing what they can’t. Resilience has fueled a more positive outlook...
Hannon Armstrong Sustainable Infrastructure Capital, Inc., a leading investor in climate solutions, and KKR, a leading global investment firm, announced an agreement to establish CarbonCount Holdings 1 LLC to invest...
Antoni Ballabriga, Global Head of Sustainability Intelligence & Advocacy at BBVA and member of the EU High-Level Expert Group (HLEG) on Scaling Up Sustainable Finance in Low and Middle-income Countries,...
The United Kingdom (UK) and Singapore held the 9th UK-Singapore Financial Dialogue in Singapore today. Both countries discussed collaboration opportunities in priority areas such as sustainable finance and FinTech and...
The first phase of the U.K.’s Sustainability Disclosure Requirements (SDR), known as the anti-greenwashing rule, comes into effect at the end-of-May and will be followed by a series of substantial...
Exxon Mobil Corporation announced that Maria Jelescu Dreyfus has joined its board of directors, effective May 3, 2024. Ms. Dreyfus is CEO and founder of Ardinall Investment Management, an investment...
Boston Consulting Group (BCG) released its Annual Sustainability Report: From Bold Ideas to Exponential Impact. The report showcases the firm’s work throughout 2023 to find the most valuable, sustainable, and innovative...
Plenitude publishes its financial statements for 2023, as well as its Sustainability and Impact Report. The 2023 financial year ended with an adjusted operating profit of €515 million and an adjusted net...
Boston Consulting Group (BCG) today announced it has signed an agreement for the purchase of sustainable aviation fuel certificates (SAFc) with World Energy, the sustainable aviation fuel (SAF) producer and...
H&M boasts a team of dedicated sustainability experts working across its brands to achieve their environmental goals. The company’s progress report, the “Sustainability Disclosure” published in March 2024, details their...
Technology will be critical to fulfill upcoming sustainability regulations; most executives say improvements are needed to existing systems New research from Bain & Company, published, finds just 24% of companies say...
Revisions to EPA’s Greenhouse Gas Reporting Program authorized by Congress will bring greater transparency and accountability for methane emissions from oil and natural gas facilities, one of the major drivers...
The IFRS Foundation and EFRAG have published guidance material to illustrate the high level of alignment achieved between the International Sustainability Standards Board’s IFRS Sustainability Disclosure Standards (ISSB Standards) and...
The LME is committed to supporting and advancing responsible and sustainable practices in the metals industry. Having implemented responsible sourcing rules in 2019 and launched their digital sustainability credentials register,...
Allianz Trade & Inclusive Brains join forces to foster the inclusion of people with disabilities thanks to AI and neurotechnologies. Allianz Trade, the world’s leading trade credit insurer and Inclusive Brains,...
Funding from President Biden’s Investing in America agenda will provide transport infrastructure needed to support future growth of the carbon capture and storage industry As part of President Biden’s Investing in America agenda, the...
Amazon is now delivering millions of packages in major UK cities like London, Manchester, Glasgow, and Belfast using electric cargo bikes and foot couriers. This shift away from traditional delivery...
The UK’s fight against climate change hit a roadblock after the High Court ruled its Carbon Budget Delivery Plan (CBDP) unlawful. This plan, outlining how the country would achieve its...
Neste and the Singapore Airlines (SIA) Group have signed an agreement for the purchase of 1,000 tons of neat Neste MY Sustainable Aviation Fuel™. This will make SIA and Scoot, the...
The World Meteorological Organization has confirmed that 2023 is the warmest year on record, with annual average global temperature approaching 1.5°C above pre-industrial levels. Data also show that since the...
The Copernicus Climate Change Service, in collaboration with the World Meteorological Organization, has released the European State of the Climate (ESOTC) report for 2023. This document provides a comprehensive analysis...
Adler & Allan, a leading provider of environmental risk reduction and advisory services, announced that the Private Equity business within Goldman Sachs Alternatives will acquire a majority stake in the...
A new study by Meta and World Resources Institute (WRI) utilized artificial intelligence (AI) to create a global map of tree canopy height at a resolution of one meter. This...
Stockholm Exergi announced that it has signed a contract with Microsoft covering 3.33 million tonnes of permanent carbon removals from bio-energy with carbon capture and storage (BECCS) at Värtan, Stockholm. The...
Christina Shim has been appointed as IBM’s Chief Sustainability Officer. Christina, formerly the global head of IBM Sustainability Software, brings almost 20 years of experience at the intersection of business, technology,...
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 Column Tim...
Fashion, a dynamic and ever-evolving industry, holds immense power to influence culture and consumption patterns. However, its rapid growth often comes at a significant environmental and social cost. In recent...
After a green voting marathon, the EU Parliament closed its final plenary of this term before its June elections. The huge voting sessions yielded a plethora of new policies, including...
QBE Insurance Group Limited announced the appointment of Nicola Schroder as Group Head of Sustainability. In this role, Nicola will continue to drive QBE’s Sustainability Strategy across its three key...
Report highlights Bloomberg’s work to reach its validated science-based net-zero emissions reduction target, and its work to accelerate climate action. Bloomberg published its 2023 Impact Report, which outlines how the company...
IBM® has announced the addition of new features to its IBM Envizi™ product, further enhancing its environmental, social, and governance (ESG) reporting capabilities. These updates enable organizations to comply with...
General Motors released its 2023 Sustainability Report, showcasing the company’s commitment to building an equitable zero-emissions future and working toward its carbon-neutral goal. The report highlights General Motors’s initiatives to...
Brookfield Asset Management, together with Brookfield Renewable and Microsoft (NDAQ: MSFT), are pleased to announce the signing of a global renewable energy framework agreement (“the agreement”) to contribute to Microsoft’s goal of...
In 2023, Citi reaffirmed its commitment to Environmental, Social, and Governance (ESG) principles amidst a complex global backdrop marked by environmental urgencies and socio-economic shifts. The annual ESG report outlines...
Schneider Electric, the leader in the digital transformation of energy management and automation announced the appointment of Farrukh Shad as Head of Sustainability Business for the Asia Pacific, India, Middle...
The Council has given its final approval to the directive on time limits for the adoption of sustainability reporting standards for certain sectors and third country undertakings, which amends the...
American Express reflected on its year-round commitment to sustainability as Earth Month 2024 drew to a close. The company highlighted its efforts to support communities, empower small businesses, and encourage...
The International Sustainability Standards Board (ISSB) has published the IFRS Sustainability Disclosure Taxonomy (ISSB Taxonomy), fulfilling its promise to enable investors and other capital providers to analyse sustainability-related financial disclosures...
The European Financial Reporting Advisory Group (EFRAG) selects Datamaran as its solution for data-driven ESG governance supporting the development of the European Sustainability Reporting Standards (ESRS) The European Financial Reporting Advisory Group...
Sustainability Regulation Propelling Transformation in Corporate Reporting, According to New Survey by Workiva Survey Finds Companies Planning to Voluntarily Comply With the CSRD; Practitioners Believe Integrated Reporting Has Positive Impact...
New solution enables investors to screen portfolios, funds, and indices against their own set of sustainability criteria Bloomberg announced the launch of a new tool that helps investors assess portfolios,...
EY and denkstatt are joining forces to become one of the largest consulting and auditing firms in the field of ESG and sustainability in Bulgaria. The Austrian group, of which...
CEOs need to accelerate their action plans to safeguard the production of commodities critical to the global population and economy as heat stress and drought risk rise around the world,...
It has been officially confirmed: Following a resolution taken by the Executive Board, Krones aims to reduce its greenhouse gas emissions to net zero by 2040 – along the entire...
Goldman Sachs has a long-standing commitment to sustainability, recognizing the scale and urgency of climate change challenges early on. Their approach combines financial services with innovative sustainability solutions to meet...
The Biden-Harris Administration has introduced significant changes to the federal permitting process, aimed at accelerating the development of infrastructure and clean energy projects across the United States. These reforms are...
Octopus Energy was the only large energy supplier to increase its market share over the past year, new data from Ofgem reveals. Octopus has gained more than 1.9 million (net)...
Norges Bank Investment Management has signed an agreement to acquire a 49 percent interest in a 644 MW portfolio of solar plants located in Spain. The agreement was signed on...
The first quarter of 2024 has been a period of notable shifts in the landscape of global sustainable funds. Amidst varied economic signals and evolving regulatory frameworks, these funds have...
The Commission is awarding nearly €720 million to seven renewable hydrogen projects in Europe, selected through the first competitive bidding process under the European Hydrogen Bank.The funds for this auction come from the...
Introduction: ‘Winter action plan’ back in public’s sight after one-year break The ‘Winter action plan’, for 2023-2024 (‘Comprehensive Action Plan for Autumn and Winter Air Pollution Control in Beijing-Tianjin-Hebei area...
The automotive industry is at a crossroads. The rise of electrification, the software-defined vehicle and phygital (a combination of physical and digital) experiences are set to drive greater changes in...
Following an alert from the European Consumer Organisation (BEUC), the European Commission and EU consumer authorities (Network of Consumer Protection Cooperation – CPC – Authorities) sent letters to 20 airlines identifying...
Report Announces Development of New Cutting-Edge Hybrid Locomotive, Safety Improvements, and Industry Recognition for Sustainability Union Pacific Railroad released its annual Building America Report, highlighting progress on key goals, including safety...
BBVA mobilized €20 billion in sustainable business in the first quarter of 2024, up 41 percent on the same period last year. The bank is now ahead of the curve in achieving...
African Development Bank Group President Dr. Akinwumi A. Adesina has emphasized the critical need for significantly increased financing to meet the Sustainable Development Goals (SDGs). Speaking at the Islamic Development...
Summit to take place October 9-10 in Abidjan, Côte d’Ivoire, presented by Global Citizen and Bridgewater Associates Summit to support the World Bank’s IDA21 replenishment in its ambition to improve living conditions, support...
Newly-established Sustainable AI Policy Principles aim to guide advocacy with regulators and lawmakers Five nonprofits will develop AI-focused climate solutions with Salesforce support, prioritizing mitigation, adaptation, resilience, and finance Salesforce...
The Tamer Institute for Social Enterprise and Climate Change Will Address Urgent Need for Business Climate Research and Education Columbia Business School announced the establishment of the Tamer Institute for...
Microsoft Sustainability Manager is rapidly evolving with the power of generative AI, offering unprecedented capabilities for data analysis and informed decision-making. What-if Analysis: Forecast Carbon Reduction Strategies A new AI-powered...
The Government of Canada is implementing a comprehensive plan to reduce plastic pollution, improve how plastic is made, used, and managed across its life cycle, and move toward a circular...
S&P Global Sustainable1 announced the launch of Municipal Climate Physical Risk, a new solution helping investors, local governments, and other market participants navigate critical decisions on climate change. The dataset...
Norges Bank Investment Management (NBIM), a global investment powerhouse managing Norway’s sovereign wealth fund, recognizes that long-term financial returns are inextricably linked to sustainable development across environmental, social, and economic...
UpLink, the World Economic Forum community supporting early-stage impact-focused entrepreneurs, launched four new initiatives today. These aim to ignite innovative technology solutions that can accelerate the transition to a circular carbon...
$1.4 billion investment in Indiana plant brings production of an all-new BEV Toyota adds up to 340 new, sustainable U.S. jobs Toyota will prepare for assembly of an all-new, three...
Welcome back to the ESG News Week In Review! Dive into the pulse of sustainable finance and responsible investing with our latest edition! This week’s headlines pack a punch as...
Last-minute deals and a series of failed votes threatened to block the EU’s Corporate Sustainability Due Diligence Directive (CSDDD – also known as the CS3D), but a weakened version squeaked...
Exploring Nature Responsibly, One Cabin at a Time In the vast expanse of Southern Africa’s pristine landscapes, there lies a hidden gem: Stay Unique – Eco Cabins. Born from the...
The insurance industry has a crucial role to play in combating climate change. Recognizing this, the United Nations Environment Programme (UNEP) recently launched a new initiative, the Forum for Insurance...
Four final rules deliver on the Biden-Harris Administration’s day-one commitment to lead on climate action and to protect all communities from pollution The U.S. Environmental Protection Agency announced a suite...
Decarbonization Partners, a joint venture between BlackRock and Temasek, successfully closed its first fund, Decarbonization Partners Fund I, at $1.4 billion. This figure surpassed the initial target of $1 billion,...
The Stock Exchange of Hong Kong (HKEX) is set to become a global leader in sustainability reporting with the implementation of mandatory climate-related disclosure requirements for listed companies. These new...
Informed by its recent consultation on future priorities, the International Sustainability Standards Board (ISSB) will commence projects to research disclosure about risks and opportunities associated with: The research projects will focus...
Measures announced to give UK aviation and the SAF industry the certainty to keep creating skilled British jobs while ensuring air travel is fit for the future. This government is...
The Nature Action 100 Company Benchmark will measure progress toward the initiative’s Investor Expectations of Companies. Nature Action 100, the first global investor-led engagement initiative to address nature and biodiversity...
Ahead of the anti-greenwashing rule coming into force on 31 May, the FCA is supporting industry with guidance to help them meet the standard. The new rule is designed to...
The latest issue of SEB’s The Green Bond report is dedicated to the question of how to scale energy transition investments at the speed required to reach net-zero emissions and...
Despite near-term challenges in some markets, based on today’s policy settings, almost 1 in 3 cars on the roads in China by 2030 is set to be electric, and almost...
The revised law aims to reduce air pollution in the EU for a clean and healthy environment for citizens, and to achieve the EU’s zero air pollution vision by 2050....
Contiki, a travel company for young adults, has taken a big step forward in sustainability by switching their European coaches to biofuel in January 2024. What is Biofuel? Biofuel is...
RMI and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) will collaborate with the Zero Emission Maritime Buyers Alliance (ZEMBA) and Hapag-Lloyd to pilot a Maritime Book and...
RE Royalties Ltd., a global leader in renewable energy royalty-based financing is pleased to announce the publication of its 2024 Green Bond Framework (the “Framework”), assessed as Dark Green, and...
The fight against plastic waste pollution is a global challenge, and ExxonMobil is a key player at the negotiating table. Currently, discussions for a global plastics treaty are underway in...
Climate Solutions Week kicked off at the Headquarters of the OPEC Fund for International Development (the OPEC Fund) in Vienna. An OPEC Fund initiative, the event is bringing together global...
A report released today by the World Economic Forum’s Centre for Urban Transformation features best practices developed by pioneer cities that are reducing carbon emissions from urban development projects. As cities grow...
On Wednesday, Parliament gave a final green light to new rules obliging firms to mitigate their negative impact on human rights and the environment. The European Parliament approved with 374...
A new report by Morningstar Sustainalytics reveals that while less than 10% of companies globally are consistently implementing best practices for the low carbon transition, there are leading examples to...
On Wednesday, Parliament adopted new measures to make packaging more sustainable and reduce packaging waste in the EU. The regulation, which aims to tackle constantly growing waste, harmonise internal market...
The IFC-facilitated Sustainable Banking and Finance Network (SBFN) has unveiled its 2024 Global Progress Brief and launched the innovative SBFN Data Portal, offering the most comprehensive benchmarking of sustainable finance trends and initiatives...
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