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California regulators are preparing to vote on amendments to the state’s Low Carbon Fuel Standard (LCFS), a move that could intensify the push for low-carbon fuels to meet aggressive climate...
Li-Cycle Holdings Corp. has secured a major $475 million loan from the U.S. Department of Energy (DOE) to fund the development of its Rochester Hub project in upstate New York....
The European Insurance and Occupational Pensions Authority (EIOPA) has released its final report on the prudential treatment of sustainability risks under Solvency II, recommending increased capital requirements for insurers holding...
Optera, an ESG and carbon management software leader, has released the next generation of its Supply Chain Manager, advancing Scope 3, category 1 emissions management. This update comes as companies...
Building on its legacy of innovation and sustainability, Samsonite International S.A. has announced a new science-based climate target, aligning with the Science Based Targets initiative (SBTi) criteria. The commitment underscores...
The UK’s Department for Energy Security and Net Zero (DESNZ) and Westminster Council have launched a £1 billion heat network aimed at providing low-carbon heating to some of London’s most...
Mizuho Bank, Ltd., led by President & CEO Masahiko Kato, has entered into a strategic partnership with Pollination Global Holdings Limited, founded by CEO Martijn Wilder AM, to bolster clients’...
Family enterprises, known for their long-term investment approach, are increasingly integrating sustainability and ESG (environmental, social, and governance) factors into their strategies to enhance resilience and drive value creation. As...
The European Union’s climate commissioner, Wopke Hoekstra, reiterated the EU’s commitment to ending sales of CO2-emitting cars by 2035 and enforcing stricter CO2 limits for carmakers next year. This comes...
Cape Town, South Africa, served as the vibrant backdrop for the 2024 Earthshot Prize, where five remarkable winners were announced at a star-studded event hosted by Billy Porter and Bonang...
Edited: Nov 6, 2024 7:52pmc Elon Musk’s high-stakes gamble to support Trump’s reelection may do more than just boost Tesla’s stock—it could have a positive ripple effect across the entire...
Marsh, a world leader in insurance brokering and risk advisory, and We2Sure, a specialist in carbon credit insurance solutions, have introduced an innovative insurance facility to protect businesses across the...
A coalition of climate, finance, and insurance experts has launched Insurance for Good, a nonprofit aimed at reshaping disaster risk management and enhancing resilience within the United States. The organization’s...
A recent report from RSM International highlights the challenges and opportunities faced by 200 Latin American businesses in adopting International Financial Reporting Standards (IFRS) S1 and S2 for sustainability. The...
Gprnt, a digital ESG platform launched by the Monetary Authority of Singapore (MAS), has unveiled its inaugural Disclosure and Marketplace tools. These offerings aim to streamline sustainability reporting for businesses,...
The Isle of Man, a self-governing Crown Dependency in the Irish Sea, is positioning its future as a leading jurisdiction for responsible investment and green financial initiatives with the launch...
Following a successful pilot, ADNOC and climate tech firm 44.01 are scaling up their innovative carbon-to-rock project in Fujairah, in collaboration with the Fujairah Natural Resources Corporation (FNRC) and Masdar....
Irish businesses are intensifying their commitment to sustainability, with 81% of organizations reporting increased focus over the past year, according to EY Ireland’s State of Sustainability report. The survey, involving...
Microsoft is pioneering wood-based construction in its datacenters in Northern Virginia, substituting steel and concrete with cross-laminated timber (CLT). The move cuts embodied carbon emissions by up to 65% compared...
In a significant environmental milestone, net GHG emissions across the EU dropped by 8.3% in 2023, according to a new report by the European Commission. This decrease represents one of...
Azerbaijan Sets Stage for Unified Green Investment Standards As the host of COP29, Azerbaijan will unveil a global green investment rulebook aimed at guiding sustainable investments with principles agreed upon...
The UAE is set to invest AED200 billion ($54.4 billion) over the next six years to address the nation’s growing sustainable energy needs, according to Suhail Al Mazrouei, UAE Minister...
The Canadian government’s proposed regulations aim to cut emissions in the oil and gas sector by 35% by 2030, compared to 2019 levels. Environment Minister Steven Guilbeault clarified, “This goes...
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...
Follow ESG News on Linkedin The Climate Investment Funds (CIF) governing board approved a groundbreaking $70 million investment for Turkey. This plan will support Turkey’s clean energy ambitions by boosting the...
Follow ESG News on Linkedin The Federal Republic of Germany has appointed DZ BANK AG and Deutsche Bank as joint ESG coordinators for a planned update to its Green Bond Framework,...
Follow ESG News on Linkedin BBVA has reached a remarkable milestone in sustainable finance, channeling €71 billion into sustainable business initiatives from January to September 2024. The bank’s significant growth represents...
Follow ESG News on Linkedin DBS Bank has appointed Shilpa Gulrajani as its new Head of Sustainable Finance for Institutional Banking. Gulrajani joins DBS after more than two decades with BNP...
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 AROUND THE WORLD CLIMATE &...
Terrascope’s Chief Commercial Officer Felipe Daguila joined ESG News’ Melike Ayan to unpack how Terrascope leverages data to drive sustainability decisions and decarbonization in the food and agriculture industries. Here is...
In a groundbreaking move for sustainable air travel, California Governor Gavin Newsom announced a pioneering partnership between the state and Airlines 4 America (A4A) to increase the use of sustainable...
Bain Capital has acquired an 80% stake in AQ Compute, Aquila Group’s data center business, marking a major move to create a sustainable data center platform across Europe. AQ Compute,...
Amcor, a leader in responsible packaging, has announced two major executive appointments aimed at propelling organic growth and enhancing sustainability across its operations. Fred Stephan, former President of Amcor Flexibles...
The Science Based Targets Network (SBTN) has announced that Kering, GSK, and Holcim are the first companies to publicly adopt science-based targets for nature, addressing freshwater and land. These actions...
The International Public Sector Accounting Standards Board® (IPSASB®) has released a draft of the first climate-related disclosures standard tailored specifically for the public sector, backed by support from The World...
1PointFive and Enterprise Partner on CO₂ Pipeline to Support Texas Carbon Sequestration Hub for Industrial Decarbonization Oxy’s 1PointFive, a leading company in carbon capture, utilization, and sequestration (CCUS), and Enterprise...
Allianz Trade has launched Surety Green2Green, a pioneering product designed to advance global sustainability efforts by supporting low-carbon technologies and renewable projects. Through this new solution, Allianz Trade issues surety...
LGT Wealth Management, a top wealth manager in the UK, has appointed Phoebe Stone as its first Chief Sustainability Officer (UK), underscoring its commitment to sustainability and advancing its Net...
Morgan Stanley has revised its 2030 climate targets, setting sector-specific emissions reductions within a 1.5–1.7°C warming limit. This range acknowledges global challenges in meeting the 1.5°C target of the Paris...
Verdane, the European growth investment firm, has announced the final close of its Idun II fund at a €700 million hard cap, a significant milestone aimed at investing in businesses...
The UN-backed Net-Zero Asset Owner Alliance (NZAOA) reported a record $175 billion investment in climate-focused solutions by its members in 2023, marking a nearly 38% jump from the previous year’s...
Since its founding in 1997, the Cisco Foundation has been at the forefront of social impact, evolving from supporting local needs in the Bay Area to becoming a global force....
ACWA Power recently signed agreements exceeding $1.78 billion, focused on advancing renewable energy, battery storage, and R&D efforts across regions, including the Gulf, China, Central Asia, and North Africa. These...
The European Securities and Markets Authority (ESMA) has released its 2024 European Common Enforcement Priorities (ECEP) Statement, setting strict guidelines on corporate reporting requirements. This year’s priorities focus heavily on...
Ørsted has entered a strategic partnership with Brookfield Asset Management, its institutional affiliates, and Brookfield Renewable, who will acquire a 12.45% minority stake in four of Ørsted’s UK offshore wind...
As we have been discussing about sustainability and fosil sources it is timely where data is the new oil and computational power is its refinery. In this extend, parallel computing...
Key Impact Points Aviva Investors Launches Carbon Removal Fund Aviva Investors has launched an innovative Carbon Removal Fund (CRF) that offers institutional investors access to a range of high-integrity carbon...
Dow and Ambipar have joined forces to expand plastic materials recycling in Brazil. The partnership will drive polyethylene recycling from 2,000 tons to 60,000 tons per year by 2030, positioning...
Amazon’s Climate Pledge Fund (CPF) is expanding its sustainability investments with three new companies focused on critical climate issues—e-waste, carbon storage, and low-carbon construction. These investments support Amazon’s commitment to...
KKR and ECP’s $50B partnership will drive significant investment in data centers and power infrastructure, responding to the growing demand driven by AI and cloud computing. The strategic partnership combines...
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...
ESG demand outpacing preparedness According to the 2024 Future Ready Lawyer Survey by Wolters Kluwer, the legal industry is facing a sharp rise in demand for ESG-oriented services. The survey...
The ESG Data Landscape: As climate risks and policy shifts reshape the business environment, investors are under growing pressure to make decisions based on reliable ESG data. Polling at the...
Energy Transition Infrastructure: A Growing Investment Opportunity Since 2014, energy transition infrastructure has attracted $892 billion in capital commitments. Nearly a quarter of these funds have flowed into specialist funds,...
Key Impact Points: Majority of European Fund Assets Are Sustainability-Related Sustainability-related funds continue to represent the majority of European fund assets, totaling around EUR 8 trillion out of EUR 14...
PwC has made significant strides in its sustainability initiatives, achieving 95% renewable electricity usage in 2024 and a 71% reduction in Scope 1 and 2 greenhouse gas emissions from a...
Key Takeaways: MUFG Bank, Ltd. announced the launch of MUFG CashFolio™, a new liquidity trading portal developed in partnership with BNY Mellon. This online tool gives institutional clients greater access...
Key Impact Points: Finance chiefs globally are grappling with concerns over the integrity and reliability of nonfinancial data in corporate reporting, according to the 2024 EY Global Corporate Reporting Survey....
Key Impact Points: The Taskforce on Nature-related Financial Disclosures (TNFD) announced at COP16 in Cali, Colombia, that over 500 organizations have committed to aligning their risk management and corporate reporting...
Key Takeaways: The Green Climate Fund (GCF) has approved financing proposals totaling $2.687 billion for three multi-country programs: Greening Financial Systems, the Smart Resilient Agriculture Investment Fund, and the Resilient...
ERM, the world’s largest specialist sustainability consultancy, has secured the highest scores across all categories in new research by independent analyst firm Verdantix. Why it matters: As businesses increasingly prioritize...
Key Takeaways: Intercontinental Exchange, Inc. and Dun & Bradstreet Holdings, Inc. have announced plans to launch a new climate risk data service targeting a broad universe of public and private...
Key Impact Points: The News: New York City Comptroller Brad Lander has proposed a policy for the city’s public pension funds to cease future investments in midstream and downstream fossil...
Key Impact Points: KPMG in Singapore and ACCA have introduced an innovative ESG learning programme aimed at equipping both accountants and non-accountants with future-ready skills in environmental, social, and governance...
Key Impact Points: Levi Strauss & Co. (LS&Co.) has released its inaugural climate transition plan, outlining a clear roadmap to reduce greenhouse gas (GHG) emissions and achieve Net Zero status...
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 On Monday, COP16 – the United Nations Biodiversity Conference of the Parties (COP) to the UN Convention on Biological Diversity – kicked off in Cali,...
In this video, Ceres Program Director Dan Saccardi joined ESG News CEO Matt Bird to discuss recent trends in ESG and corporate sustainability, identifying a move from goal setting to...
Mastercard, alongside Conservation International and the World Resources Institute, has expanded the Priceless Planet Coalition’s restoration portfolio with three new sites and the expansion of six existing projects. This marks...
Key Impact Points: The Science Based Targets initiative (SBTi) has launched a new website, www.sbtiservices.com, aimed at providing businesses and financial institutions with the resources and tools they need to...
Comcast Corporation has fully allocated its $1 billion green bond, as outlined in its 2024 Green Bond Report, with $995 million in net proceeds directed toward projects that enhance sustainability....
Key Impact Points: IBM announced that its Envizi ESG Suite has received Federal Risk and Authorization Management Program (FedRAMP) authorization. This milestone means that federal agencies can now use IBM’s...
Key Impact Points: Ebb Carbon has signed an agreement with Microsoft to remove up to 350,000 tonnes of CO2 over the next decade using Ebb’s innovative Electrochemical Ocean Alkalinity Enhancement...
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...
Key Impact Points: Morgan Stanley has partnered with Climeworks, a leader in carbon removal, to permanently eliminate 40,000 tons of CO₂ from the atmosphere. This partnership, which runs until 2037,...
Key Impact Points: KKR, a leading global investment firm, has signed an agreement to acquire a 25% stake in Enilive, Eni’s mobility transformation company, for €2.94 billion ($3.2 billion). This...
In this video, Ceres Program Director Dan Saccardi joined ESG News CEO Matt Bird to discuss recent trends in ESG and corporate sustainability, identifying a move from goal setting to...
Key Impact Points: Gevo, Inc. has secured a $1.46 billion loan commitment from the U.S. Department of Energy (DOE) Loan Programs Office for its Net-Zero 1 (NZ1) project in South...
Key Impact Points: Bureau Veritas has announced the acquisition of Aligned Incentives, an innovative leader in AI-powered sustainability planning solutions. This acquisition significantly enhances Bureau Veritas’ capabilities in Scope 3...
Key Impact Points: Saudi Arabia’s Ministry of Environment, Water, and Agriculture has secured SAR 37 billion ($9.8 billion) in private investments to advance the kingdom’s agriculture and food sectors. These...
Switzerland is leading the way in clean energy with a world-first project: the installation of removable solar panels on active railway tracks. Developed by start-up Sun-Ways in partnership with EPFL,...
Key Impact Points: The Saur Group, a global leader in the water sector, has announced the successful issuance of €500 million in Blue Bonds, becoming the first water player to...
Key Impact Points: The Saudi Power Procurement Company (SPPC) has shortlisted major global players, including Masdar, EDF, and TotalEnergies, for the fifth round of solar projects under the National Renewable...
Key Impact Points: The private equity (PE) industry is steadily advancing its sustainability efforts, driven by increasing investor expectations and the commercial benefits tied to ESG initiatives. With over $8.7...
Key Impact Points: The H&M Foundation has announced a significant strategic shift, now focusing on promoting just and fair climate solutions to achieve a net-zero textile industry by 2050. The...
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: Scaling ESG Reporting for Venture Capital Financial technology specialists PortF have announced a new partnership with ESG_VC, an industry initiative supporting startups in measuring and improving their...
Key Impact Points: The Hong Kong Monetary Authority (HKMA) has unveiled its Sustainable Finance Action Agenda, setting a comprehensive vision to solidify Hong Kong’s role as the leading sustainable finance...
Key Impact Points: A New Path to Net Zero SAP SE has teamed up with Ambipar, a global leader in environmental solutions, to launch “Net Zero as a Service.” This...
Key Impact Points: The Impact Disclosure Taskforce, a market-led initiative co-chaired by J.P. Morgan and Natixis Corporate & Investment Banking, has released its final voluntary Impact Disclosure Guidance aimed at...
Key Impact Points: JPMorgan Chase & Co. has bolstered its climate advisory services by appointing Dr. Sarah Kapnick, former Chief Scientist for the U.S. National Oceanic and Atmospheric Administration (NOAA),...
The CSO at a Crossroads, a BSR report, highlights the evolving role of Chief Sustainability Officers (CSOs) as they face new pressures and opportunities. CSOs have transitioned from entrepreneurial pioneers...
Key Impact Points: Addressing Urban Heat Islands By 2050, two out of three people will live in or around cities, making it crucial to tackle climate challenges in urban areas....
Key Impact Points: The Securities and Exchange Commission (SEC) has charged New York-based investment adviser WisdomTree Asset Management Inc. with making misstatements and failing to comply with its own investment...
Key Impact Points: HKMC Sets New Benchmark in Social Bonds The Hong Kong Mortgage Corporation Limited (HKMC) has successfully concluded its third social bond issuance, raising around HK$23.8 billion (US$3...
Key Impact Points: Ernst & Young (EY) has released its new Environment Report, showcasing significant progress in sustainability and environmental impact. Notably, 61% of EY suppliers, based on FY24 spending,...
In this video, Arsalan Mahtafar, Executive Director of JPMorgan, joins ESG News CEO Matt Bird to discuss JPMorgan’s goals regarding the $10 billion of sustainable finance capital deployed and the...
Technology will be a defining theme of COP29. Will SAP’s New Carbon Data Sharing Platform become one of the world’s most valuable tool in the fight against climate change? Key...
Key Impact Points: The global transition to sustainability is being strongly influenced by the building products industry. According to a recent report from Morningstar Sustainalytics, nearly 90% of the 110...
Key Impact Points: The International Chamber of Commerce (ICC) has launched its Principles for Sustainable Trade Finance (PSTF) at Sibos 2024 in Beijing. Developed in partnership with industry leaders, including...
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