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Governance Reemerges as Top ESG Priority Morrison Foerster’s 2024 ESG survey, conducted with Corporate Counsel, reveals a notable shift in corporate focus back to governance. This year, 61% of respondents...
The Better Cotton Council has appointed new leadership, with Bill Ballenden, Head of Sustainability and Innovation at Louis Dreyfus Company (LDC) Cotton, and Tamar Hoek, Senior Policy Director for Sustainable...
The 2024 proxy season highlighted a notable shift in shareholder support for environmental, social, and governance (ESG) resolutions. While governance proposals experienced a resurgence, backing for environmental and social resolutions...
Robeco’s 2024 Proxy Voting report underscores the increasing tension between investors focused on long-term sustainability and companies navigating short-term challenges. The report, which details voting behavior at nearly 5,000 AGMs,...
Canada Growth Fund (CGF) is committing up to $100 million to Svante Technologies Inc., a leader in carbon capture solutions, to fast-track the development and deployment of their innovative technologies...
India’s Securities and Exchange Board (SEBI) is set to broaden the sustainable finance landscape in its securities market, aiming to incorporate new ESG-labeled instruments. The proposed framework, which includes the...
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 Get out your green eye shades….the next battleground for climate and sustainability is the fast paced world of accounting. For...
KLA Corporation (NASDAQ: KLAC), a leader in semiconductor equipment and services, has achieved a significant milestone: the Science Based Targets initiative (SBTi) has validated its near-term greenhouse gas (GHG) emissions...
The wave of anti-ESG sentiment is losing momentum, according to Markus Mueller, Chief Investment Officer for ESG at Deutsche Bank’s wealth management arm. “We have seen the trough in ESG...
Leading Australian banks are intensifying their efforts to align with global climate goals by cutting back on lending to carbon-intensive projects. Commonwealth Bank of Australia (CBA) has committed to reducing...
Ukraine is embarking on a $20 billion plan to significantly expand its renewable energy sector, aiming to increase the share of renewables in its energy mix to 27% by 2030....
SpaceX is set to launch Tanager-1, a methane-detecting satellite, developed by Planet Labs PBC with NASA’s Jet Propulsion Laboratory technology. This marks a significant step in tracking methane emissions, a...
Hydro One has successfully priced a $1.2 billion offering of Medium Term Notes, bolstering its commitment to sustainability. This financing, consisting of $700 million in 4.25% Series 60 Notes due...
Iberdrola’s AI-Driven Energy Revolution Iberdrola, a global leader in clean energy, has chosen Amazon Web Services (AWS) as its preferred cloud provider for generative AI workloads, signaling a strategic move...
The World Bank has priced its largest-ever outcome bond, a $225 million Amazon Reforestation-Linked Bond, designed to tie financial returns directly to the success of reforestation projects in the Amazon....
Forbes Middle East has announced its fourth annual list of the Top 100 CEOs in the region, shining a spotlight on the leaders driving success across diverse industries. This year’s...
Nest Pension is venturing into a new asset class: timberland. This strategic move is designed to diversify the pension portfolio while promoting sustainable forestry practices that benefit both the environment...
AESG, a global leader in sustainability consulting, has expanded its operations with the launch of a new office in Sydney, Australia. This new office will serve as the headquarters for...
Daltex Pioneers Egypt’s Carbon Market with Landmark Credit Purchase Daltex, Egypt’s leading agribusiness and the world’s largest potato exporter, has made history by becoming the first private Egyptian company to...
Guidewheel has raised an oversubscribed $31 million Series B funding round, spearheaded by Decarbonization Partners, a collaboration between BlackRock and Temasek. This round also saw participation from notable investors including...
The oil and gas (O&G) sector faces an urgent call to decarbonize. Responsible for 85% of CO2 emissions and a significant portion of global methane emissions, this industry holds a...
Canadian ESG Investors Getting More Fund Options to Choose From Canadian investors focused on sustainability now have more choices than ever. Despite a record outflow of C$2.1 billion in Q2...
Etihad Rail, the UAE’s rail network developer and operator, has taken a significant step towards sustainability by launching a Sustainable Finance Framework. This framework is designed to align future financing...
The Asian Infrastructure Investment Bank (AIIB) has committed up to INR7.3 billion (approximately USD88 million) to the ENGIE Solar Power Project, a pivotal initiative in India’s renewable energy expansion. This...
Poland’s Offshore Wind Ambition Poland is setting sail on a significant green energy initiative, launching a nearly €5 billion ($5.46 billion) loan program aimed at bolstering offshore wind projects on...
Governor Kathy Hochul announced a significant $200 million increase in funding for zero-emission school buses, the second wave from New York’s historic $4.2 billion Environmental Bond Act. This new funding,...
Kimco Realty® (NYSE: KIM), a prominent REIT and leader in high-quality, open-air, grocery-anchored shopping centers and mixed-use properties across the U.S., has achieved a significant milestone with the full allocation...
RWE, the third-largest renewable energy company in the U.S., has secured two long-term power purchase agreements (PPAs) with Meta. These agreements will provide a combined capacity of 374 megawatts (MW)...
Schroders Capital, the $97.3 billion private markets arm of Schroders Group, has been awarded a £2 billion real estate mandate by the Wales Pension Partnership (WPP). This significant win follows...
Amazon is revolutionizing urban deliveries in the UK with its innovative micromobility hubs. These hubs, now operational in major cities like London, Manchester, Glasgow, Belfast, and Norwich, enable deliveries via...
EQT Private Equity Takes Majority Stake in AMCS EQT Private Equity has announced its acquisition of a majority stake in AMCS, a leading global provider of cloud-based, AI-enabled software for...
Standard Chartered has unveiled an innovative ESG-linked Cash Account, designed to reward corporate banking clients who achieve significant environmental, social, and governance (ESG) goals. This new offering ties credit balance...
Key Impact Points: Tesla’s Musk Makes the Case for Sustainable Energy with Trump Tesla CEO Elon Musk engaged in a two-hour conversation with former President Donald Trump, discussing the future...
Preqin, a global leader in alternative assets data, and Measurabl, the most widely adopted ESG technology in real estate, have partnered to set a new standard in ESG transparency for...
Nearly 80 Nobel laureates and former world leaders have raised strong objections to the removal of explicit references to fossil fuels in the draft UN climate pact ahead of a...
The National Academies of Sciences, Engineering, and Medicine, backed by the Bezos Earth Fund, has released a pivotal report titled “Constructing Valid Geospatial Tools for Environmental Justice.” The report, developed...
Climate-action policies and market forces are rapidly transforming the real estate industry. Achieving net-zero emissions by mid-century could add an estimated US$43 trillion to the global economy by 2070, according...
MIT researchers at the Concrete Sustainability Hub (CSHub) have introduced a groundbreaking tool that addresses the environmental challenges posed by the U.S. road infrastructure. This new framework simplifies the life-cycle...
Qantas has become a foundational investor in the Silva Carbon Origination Fund, joining industry giants Rio Tinto and BHP. Managed by Silva Capital, a joint venture between Roc Partners and...
Norges Bank Investment Management (NBIM), the investment arm of the Norwegian Central Bank, has submitted a letter to the Sustainability Standards Board of Japan (SSBJ) advocating for enhanced alignment between...
Goldman Sachs’ fund division has announced its exit from the investor engagement group Climate Action 100+, following a series of withdrawals by U.S. financial services companies facing political pressure. The...
Pivot Energy, a leading renewable energy provider, has entered into a transformative 5-year framework agreement with Microsoft to develop up to 500 MWac of community-scale solar energy projects across the...
The U.S. Department of Energy is providing a $1.45 billion loan to Qcells, a South Korean firm, to bolster the solar manufacturing supply chain in the U.S. This marks a...
Aramco has signed a Memorandum of Understanding (MoU) with King Abdullah University of Science and Technology (KAUST), pledging up to $100 million over the next 10 years to fund research...
South Africa is on the brink of a renewable energy revolution, with President Cyril Ramaphosa highlighting its potential to spur significant economic growth and job creation over the next decade...
Autonomy, the leading EV subscription company, is transitioning from vehicle subscriptions to a SaaS model with the launch of Autonomy Data Services (ADS). Partnering with Deloitte, ADS aims to expand...
IBM and WWF-Germany have announced a groundbreaking collaboration to develop an AI-powered solution aimed at supporting the conservation of keystone species, starting with the critically endangered African forest elephant. This...
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 Kamala Harris has a long history of supporting climate policy. This week’s announcement of Minnesota Governor Tim Walz as her running mate further...
3Degrees, a global leader in climate solutions, has unveiled its Supply Chain Emission Reduction Agreement, a groundbreaking product designed to assist organizations in reducing Scope 3 emissions within their agricultural...
The BBC has solidified its commitment to a sustainable future with the approval of ambitious Net Zero targets, verified by the Science-Based Targets initiative (SBTi). These targets are a cornerstone...
CBRE has significantly bolstered its sustainability advisory capabilities in the Asia Pacific (APAC) region by acquiring Paia Consulting, a specialist sustainability consulting firm based in Singapore. This strategic acquisition doubles...
Spiritus, a leader in climate technology, is advancing its Direct Air Capture (DAC) ambitions with the recent filing of a Class VI permit application with the Wyoming Department of Environmental...
In a rapidly evolving technological landscape, C-level leaders are prioritizing ethical governance in artificial intelligence (AI) to foster innovation while ensuring responsibility. A Deloitte study, “Leadership, governance and workforce decision-making...
In Defense of Investor Interests The U.S. Securities and Exchange Commission (SEC) is staunchly defending its climate disclosure rule in court, asserting that the rule is vital for providing investors...
The UK government is set to propose a law in 2025 aimed at regulating providers of Environmental, Social, and Governance (ESG) ratings, a move that could reshape the landscape of...
Key Impact Points: The Great Barrier Reef, one of Earth’s most iconic natural wonders, is facing unprecedented threats due to rising ocean temperatures, according to new research published in Nature....
Natural Resources and Carbon Emissions: The Role of Risk Factors The management of natural resources is crucial for reducing carbon emissions. This study investigates how economic, financial, and political risks...
The European Commission has released detailed guidelines on the implementation of the EU Corporate Sustainability Reporting Directive (CSRD). The CSRD, introduced through Directive (EU) 2022/2464, aims to enhance transparency and...
Freeport East Partners with ITES for Green Transport Growth Freeport East has teamed up with Innovating for Transport and Energy Systems (ITES) to drive clean transport innovation and enhance trade...
China has released a comprehensive plan to standardize carbon emission calculations across key sectors to meet its carbon reduction targets. By the end of 2024, China will publish 70 national...
Allianz UK has appointed Bethany Thomas as the Head of Sustainability in a newly created role, centralizing their sustainability strategy. This senior position highlights Allianz’s commitment to sustainability across its...
Microsoft has announced an expansion of its sustainability solution offerings aimed at easing the challenges of ESG disclosure reporting. The new Project ESG Reporting (preview) offers standardized templates based on...
Blackstone (NYSE: BX) announced a majority investment in Westwood Professional Services, Inc. (Westwood), a leading engineering and design firm specializing in renewables, power, real estate, and public infrastructure. This investment...
The Integrity Council for the Voluntary Carbon Market announced that current renewable energy methodologies won’t qualify for the high-integrity CCP® (Core Carbon Principles) label. These methodologies, representing nearly a third...
RM20 Billion Commitment to ESG The Retirement Fund Inc (KWAP) has pledged $4.5 billion to increase its focus on transition assets, reinforcing its commitment to sustainable investment. Driving Meaningful Change...
Pioneering Efficiency and Safety Ørsted, a global leader in offshore wind, has launched the world’s first heavy-lift cargo drone (HLCD) operations at the Borssele 1&2 Offshore Wind Farm. This marks...
The Ministry of Trade and Industry (MTI) introduced the Energy Transition Measures and Other Amendments Bill to Parliament, aiming to amend the EMA Act, Electricity Act, and Gas Act. These...
Quinbrook Infrastructure Partners, a global investment manager specializing in energy transition infrastructure, has closed its Net Zero Power Fund (NZPF) with $3 billion in capital commitments. This fund is Quinbrook’s...
Climate Impact Partners has launched a groundbreaking program to scale novel carbon dioxide removal (CDR) technologies, enabling companies from SMEs to multinationals to finance innovative solutions and meet global climate...
Standard Chartered announced the successful closing of a six-year, $235 million non-recourse senior secured term green loan. The funds will develop, construct, and operate a 1.35 million square foot solar...
Iberdrola, through its US subsidiary NYSEG (New York State Electric & Gas Company), successfully placed a USD 525 million (EUR 490 million) 10-year green bond issue in the US. This...
Uber Technologies, Inc. (NYSE: UBER) and BYD Co. Ltd. have announced a strategic partnership to bring 100,000 new BYD electric vehicles (EVs) onto the Uber platform across key global markets....
Despite data quality issues, a significant number of companies are integrating sustainability into their strategies. According to Deloitte’s 2024 “Sustainability Action Report,” over 75% of executives have seen progress in...
The APEC Business Advisory Council (ABAC) wrapped up its Tokyo meeting with a strong call for action on trade, digitalization, and climate response. Urgent Economic and Climate Action “Tackling trade...
PwC Embraces AI and Sustainability for Future Growth PwC is set to make significant strides in AI and sustainability as it enters FY25, aiming to create new value for clients....
The International Finance Corporation (IFC) and Citi have unveiled a $2 billion program to bolster sustainable supply chain finance in emerging markets. The initiative, starting with a $500 million facility...
Gulf International Bank (GIB) Asset Management (UK) has appointed Victoria Barron as Chief Sustainability Officer. Barron will spearhead GIB’s sustainability agenda, enhancing governance frameworks and corporate sustainability projects. Barron brings...
Investment Announcement Stanley Capital Partners (SCP) and Goldman Sachs Alternatives have announced a majority investment in SePRO Corporation, a leader in sustainable water quality solutions. The financial details remain undisclosed....
MUFG has introduced a new “Sustainable Finance Framework” to bolster its efforts in promoting sustainability through capital markets funding. As part of this initiative, MUFG obtained a Second Party Opinion...
Woodside Acquires OCI Clean Ammonia Project Woodside announced the acquisition of OCI Clean Ammonia Holding B.V. and its low carbon ammonia project in Beaumont, Texas, for $2.35 billion. The project,...
Mitsubishi Heavy Industries, Ltd. (MHI) has submitted a revised shelf registration statement for the issuance of its third series of transition bonds. This marks the third consecutive year MHI has...
MioTech is leveraging tougher ESG disclosure rules to expand its sustainability data and software services. Founder and CEO Jason Tu outlined plans for more partnerships to help clients meet regulatory...
Britain’s financial watchdog has expanded the range of “dormant” assets, potentially unlocking an extra 880 million pounds ($1.12 billion) to fund social and environmental projects. This expansion aims to support...
A recent report by Environmental Resources Management (ERM) highlights a significant issue within the ESG rating market: greenwashing. According to the study, 68% of corporate leaders in the United States...
Corporate Sustainability vs. Employee Priorities In the Middle East, while companies focus heavily on ESG and sustainability, employees are more concerned with personal benefits such as fair pay and career...
The UN Development Programme (UNDP) has partnered with the Global Reporting Initiative (GRI), GSG Impact, IFRS Foundation, and International Organization for Standardization (ISO) to establish Sustainability Disclosure and Management Hubs...
Breakthrough Energy Ventures (BEV), backed by Bill Gates, has secured $839 million for its third flagship fund, BEV III, according to a recent regulatory filing. This makes it the largest...
Iberdrola has secured a €500 million syndicated green loan with ICO, Sabadell, and HSBC, covered by Cesce through its Green Investment Policy on behalf of the State. The loan, guaranteed...
In a landmark ruling, Australia’s Federal Court ordered Mercer Superannuation (Australia) Limited to pay an $7.4 million penalty for misleading claims about the sustainability of its superannuation investment options. Mercer...
Accenture (NYSE: ACN) has acquired BOSLAN, a leading provider of management services for large infrastructure projects based in Bilbao, Spain. This acquisition will enable Accenture to reinvent how clients engineer...
Goldman Sachs Fuels BrightNight’s Growth BrightNight, a top renewable power firm, secures a $440 million investment from Goldman Sachs Alternatives. This funding will fully finance BrightNight’s five-year plan and its...
Masdar, the UAE’s clean energy leader, has signed an agreement with TotalEnergies to explore a commercial project converting green hydrogen to methanol and then to Sustainable Aviation Fuel (SAF). The...
BBVA achieved a new milestone in sustainable business, channeling €26 billion in the second quarter of 2024. This marks a record for the Group, contributing to a total of €46...
Microsoft has bought over 80,000 metric tons of carbon removals from the Blue Creek Improved Forest Management Project, managed by Western Rivers Conservancy (WRC) in Northern California. This purchase aligns...
RMI and FedEx have introduced GridUp, a cutting-edge tool designed to predict energy and power needs for electric vehicle (EV) charging. Backed by a grant from FedEx, GridUp provides utilities...
For more from Tim Mohin, sign up for his newsletter here While there are still many questions about how all of these policies will work and interact, the time for implementation...
The UK government has announced a record budget of over £1.5 billion for the next renewable energy auction, aiming to enhance energy security and reduce costs for families and businesses....
The International Accounting Standards Board (IASB) has published a consultation document proposing eight examples to illustrate how companies should report the effects of climate-related and other uncertainties in their financial...
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