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Tag: Climate Action
• COP30 ended without a roadmap to phase out coal, oil and gas, despite support from more than 80 countries.• Governments backed climate finance ambitions of $1.3 trillion annually for...
Companies that proactively act on environmental risks and opportunities are now seeing substantial financial rewards, according to a new report from CDP. Drawing on data from nearly 25,000 corporate disclosures...
EU-China Joint Climate Statement Marks New Phase in Green Cooperation At the EU-China Summit in Beijing, held during the 50th anniversary of diplomatic ties and the 10th anniversary of the...
A strong majority of Europeans believe climate change is a critical issue requiring urgent action, according to the latest Eurobarometer survey. 85% of citizens say tackling climate change should be...
The Global Reporting Initiative (GRI) has unveiled two new sustainability reporting standards—GRI 102: Climate Change and GRI 103: Energy—to drive corporate accountability and accelerate climate action. “These new GRI Standards...
The Science Based Targets initiative (SBTi) has launched a public consultation on its draft Automotive Sector Net-Zero Standard, aiming to accelerate credible climate action in one of the world’s most...
Key Takeaways Germany’s Major Climate Investment Move Germany’s parliament has approved a €500 billion infrastructure and defense fund, with €100 billion allocated to climate and energy transition projects. This funding...
The Science Based Targets initiative (SBTi) has joined forces with Climate Action for Associations (CAFA) to fast-track corporate climate action across global trade associations. Leveraging SBTi’s expertise in setting science-backed...
Verra, the global leader in climate action and sustainable development standards, has joined the Singapore Sustainable Finance Association (SSFA) to advance climate initiatives in Southeast Asia. This partnership aligns Verra’s...
What’s happening: The ADB has approved a $500 million policy-based loan to strengthen the Philippines’ efforts to tackle climate change. This loan supports the Philippines’ Climate Change Action Program (CCAP)...
The 2024 EY Global Climate Action Barometer reveals that while climate disclosures have improved significantly over recent years, urgent action remains lacking among companies to combat the intensifying climate crisis....
Follow ESG News on Linkedin KPMG’s latest report, Navigating EU Taxonomy: Progress and Pathways to Compliance, provides a comprehensive analysis of the EU Taxonomy disclosures of 291 European companies, offering critical...
Greenwashing Fears in Sustainability Reporting: CFOs and Investors Sound Alarm Concerns over the credibility of sustainability claims are growing, with 55% of CFOs surveyed in EY’s 2024 Global Corporate Reporting...
Key Impact Points: MSCI Inc. has appointed Dr. Richard Mattison as Head of ESG and Climate, starting October 29. Mattison, who brings extensive experience in sustainable finance, will be responsible...
3 Key Impact Points: European Firms Lead in Climate Investments European companies are at the forefront of climate mitigation and adaptation efforts, with 61% having already invested in tackling climate...
Key Impact Points: Global Collaboration for Urban Climate Leadership Bloomberg Philanthropies announced its partnership with the Urban20 (U20) to support the upcoming U20 Summit in Rio de Janeiro, November 14-17,...
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...
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...
Harnessing AI for Environmental Impact Google’s 2024 Environmental Report highlights the company’s strategic use of AI to drive environmental change and operate sustainably. By leveraging technology, Google aims to address...
Financial firms are accelerating their journey towards net-zero by enhancing governance, increasing staffing, and innovating products. Deloitte’s survey reveals that over half of financial firms have added headcount or created...
Executive Summary: Google’s new Digital Sprinters sustainability report, commissioned by Deloitte, explores how digital technologies like AI and IoT can accelerate climate solutions, particularly in developing markets. The report emphasizes...
This week, Mexico elected its first female president and the world’s first national leader, who is also a climate scientist. Claudia Sheinbaum has a PhD in energy engineering and was part of...
The Boards of Governors of the Inter-American Development Bank (IDB) and IDB Invest approved three transformative changes to increase the impact and scale of the IDB Group’s development work in...
Unilever, releasing its inaugural Climate Policy Engagement Review, urges industry associations to step up their engagement in climate advocacy. The company emphasizes the need for collaboration amongst various actors, including...
Millions of savers’ money invested in polluting industries, despite public demand for change A new report by Make My Money Matter reveals that UK pension providers are failing to adequately...
Canada needs to double climate spending to reach Net Zero The RBC Climate Action Institute released its Climate Action 2024 report, offering an unprecedented look at Canada’s climate progress and readiness. The research indicates that Canada may...
The United States Postal Service (USPS) announced a set of new, ambitious sustainability targets for fiscal year 2030 to reduce greenhouse gas emissions and waste at every level of the organization’s operations....
BBVA set a record annual figure for sustainable business in 2023: €70 billion, up 39 percent on the figure reported in 2022, as sustainability now permeates all segments and because...
The European Central Bank (ECB) has decided to expand its work on climate change, identifying three focus areas that will guide its activities in 2024 and 2025: “A hotter climate...
Key Impact Points: In a special address at the World Economic Forum Annual Meeting 2024, United Nations Secretary-General Antonio Guterres urged leaders to tackle the existential threats posed by climate...
Key Impact Points The First Movers Coalition (FMC), a global public-private partnership by the World Economic Forum and the United States government working to decarbonize the world’s heavy-emitting sectors, now...
Key Impact Points: In a dedicated effort to assist Taiwanese companies in navigating international sustainability issues and addressing ESG-related complexities, the Taiwan Business Council for Sustainable Development (BCSD Taiwan) successfully...
Key Impact Points: Through the issuance of Internationally Transferred Mitigation Outcomes (ITMOs), completed on 20 December 2023, Switzerland and Thailand are the first countries to successfully use the cooperative approach...
Air Liquide has announced that it will build, own and operate a world-scale carbon capture unit in the industrial basin of Rotterdam, the Netherlands, leveraging its proprietary Cryocap™ technology. The...
Participants at this year’s United Nations Framework Convention on Climate Change (UNFCCC) took stock of where the world stands on climate action and worked to identify gaps and solutions. New...
The Commission has published its assessment of EU Member States’ draft National Energy and Climate Plans (NECPs) and issued recommendations to assist Member States in raising their ambitions in line with EU targets for 2030....
UN climate chief Simon Stiell said on Wednesday that COP28 delegates are not in Dubai to “score points” and play at “lowest-denominator politics”; they must take ambitious action on curbing...
With an ambitious financing package announced at COP28, the World Bank Group is helping people in developing countries better withstand the devastation of climate change and create a better world...
The livelihoods of over half a billion people in the Middle East and North Africa (MENA) are under threat, as current projections indicate a 4C increase by 2050. A new...
J.M. Huber Corporation has joined over 200 forward-thinking companies as the newest member of the World Business Council for Sustainable Development (WBCSD). J.M. Huber Corporation, a global and family-owned company...
During the EU-CELAC Summit of Heads of State and Government, the European Investment Bank (EIB) announced the signature of its first ever residential mortgage-based loan to finance access to energy efficient...
Under an agreement announced, the International Finance Corporation (IFC), will invest up to $500 million in PT Bank BTPN Tbk, comprising a social bond and a green bond issuance. The...
The European Investment Bank (EIB), the world’s largest multilateral public bank, and Sicredi, a cooperative financial institution operating in all regions of Brazil, signed an agreement aimed at fostering the...
Brazil can become a global clean energy power and save the Amazon Brazil is in a strong position to give its people a better life while also successfully confronting the...
The European Commission and the European Investment Bank have announced €18 billion of financing under Global Gateway, Europe’s investment strategy for partner countries. This will boost investment in Global Gateway’s priority...
The OPEC Fund for International Development is providing a US$100 million sovereign policy-based loan to Paraguay to strengthen the country’s sustainable economic development and increase its resilience to climate change....
During the year, the EU bank committed €150 million in support for a large-scale urban regeneration project which aims to make Cypriot municipalities greener, boost the economy, and improve the...
Meeting in Mumbai, European Investment Bank (EIB) Vice-President Kris Peeters and founder of global sustainability private equity firm GEF Capital Partners Raj Paj formally announced a $40 million commitment to the...
Wendy’s to reduce greenhouse gas emissions by 47% across its System, including Company operations, franchisees and top suppliers, by 2030 through newly validated science-based targets The Wendy’s Company announced near-term,...
The OPEC Fund for International Development, a multilateral development finance institution headquartered in Vienna, Austria, committed US$1.5 billion in financing to 41 projects last year, supporting partner countries worldwide to...
The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa) issued an IDR 400 billion (USDeq. 25 million) 5-year Sustainable Development Bond due December 2027. This transaction is part...
The Board of Directors of the European Investment Bank approved EUR 10.9 billion of new financing to accelerate climate action and clean energy, business investment, health and sustainable transport investment...
The Climate Investment Funds (CIF), one of the world’s largest multilateral funds for climate action in developing countries, will finance nature-based solutions to the climate crisis in Egypt, the Dominican...
Impact State of Mind is a 3-day UNGA side event at the intersection of Climate Action and the 2030 Sustainable Development Goals. Climate Change is the greatest challenge of our generation,...
Call for EU framework on climate adaptation Need for a climate resilience “stress test” for key infrastructure Boosting EU civil protection and emergency response Improving food security, sustainable water and...
Patch is embedding climate action into the global economy Patch has announced that it has raised $55 million in series B funding. This new round of funding brings Patch one...
Pfizer Invites Public to View and Listen to a Webcast of Pfizer Discussion on Climate Action Pfizer Inc. invites investors and the general public to view and listen to a...
Sustainable Investment Forum North America 2022 In partnership with UNEP FI, Climate Action hosts the Sustainable Investment Forum North America for its 7th annual edition in New York during Climate...
As the world returns to travel, doing so sustainably and responsibly has never been more important. With growing impacts from climate change and rising demand for more sustainable hospitality options, Hilton is...
Pfizer aims to achieve net-zero targets ten years earlier than the expectations of the Net-Zero Standard Commitment is aligned with Pfizer’s Environmental, Social and Governance (ESG) priorities Pfizer also signs...
The youth of Middle Eastern and North African countries are highly vulnerable to unemployment, decreases in the standard of living and the decline of basic living conditions due to climate...
Schneider Electric presents a new framework for future-proofing buildings developed in conjunction with the World Economic Forum (WEF) to accelerate the investment needed to deliver a greener urban built environment...
UNDP, PVBLIC Foundation and Partners Come Together to Launch Historic Global Climate Awareness Campaign The United Nations Development Programme (UNDP) is bringing a ferocious, talking dinosaur to the United Nations’...
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