Tag: ESG News
Protein Evolution’s Biopure™ technology uses AI-designed enzymes to produce the raw materials of polyester from plastic waste – not petroleum Protein Evolution, Inc., a biological recycling company working to decarbonize...
At the COP28 in Dubai, Commission President Ursula von der Leyen, Founder of Breakthrough Energy Bill Gates, and European Investment Bank President Werner Hoyer announced the first two European projects to...
RMI, in partnership with four leading banks — Citi, ING, Société Générale, and Standard Chartered — along with aluminum industry stakeholders, has developed a first-of-its-kind framework to enable banks to measure...
As the world moves towards net zero, the aviation industry is under pressure to accelerate its decarbonisation efforts. Many commercial airlines are looking to reduce carbon emissions with sustainable aviation...
Standard Chartered’s latest Sustainable Banking Report 2023 reveals USD3.4 trillion of retail investor capital could be mobilised towards climate investments in 10 growth markets across Asia, Africa and the Middle East by...
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...
Stripe, a financial infrastructure platform for businesses, launched Climate Orders, which makes it easy for any business to pre-order carbon removal tons via Frontier, an advance market commitment (AMC) cofounded by...
As world leaders prepare for the COP28 climate summit in Dubai, it is more important than ever that business goes further than before in terms of climate action. We are announcing...
During COP28, Global Fashion Agenda (GFA) released the 2023 edition of The GFA Monitor – a report to guide fashion leaders towards a net-positive fashion industry. The second GFA Monitor has been updated to include the latest guidance...
As COP28 kicks off in Dubai, businesses, policymakers, and civil society are increasingly recognizing the profound impact of food systems on the world’s most pressing social and environmental challenges. Since...
The new DHL Europe Innovation Center will serve as a hub for trend research and technology development, providing innovative solutions to assist customers and partners in navigating their logistics journey....
Google has partnered with clean-energy startup Fervo to develop a geothermal power project in Nevada that is now contributing carbon-free energy to the electric grid. This marks a significant step...
In 2023, there has been a notable evolution in the realms of sustainability and environmental, social, and governance (ESG). Companies find themselves under increasing pressure to provide transparent and credible...
Dow announced that its board of directors has declared Final Investment Decision on the Company’s Fort Saskatchewan Path2Zero investment to build the world’s first net-zero Scope 1 and 2 emissions integrated ethylene cracker and...
Leaders from the United Nations and Microsoft Corp. on Thursday announced a partnership that will enable the UNFCCC to create a new AI-powered platform and global climate data hub to...
With an estimated $18.4 trillion of ESG-orientated assets now being managed globally, the FCA is putting in place new Sustainability Disclosure Requirements and an investment labels regime after detailed engagement with a...
Urgent action on climate can help Azerbaijan minimize the risks emerging from the global low-carbon transition and protect the living standards of its people, says the World Bank Group’s Azerbaijan Country Climate...
Global commitment to double the pace of efficiency improvements this decade is crucial as record heat and growth in energy-intensive industries boost energy demand Policy makers around the world expanded...
More and more people see climate change as a serious threat, but at the same time have less and less basic knowledge about global warming and its consequences. According to...
10,000 tons of carbon dioxide removal will be delivered using new Carbon Casting technology Graphyte, a carbon removal startup backed by Breakthrough Energy Ventures, announced that American Airlines will be...
The new rules will reduce air, water and soil pollution, and steer large agro-industrial installations in the green transition. Late on Tuesday night, negotiators from the Parliament and Council reached...
Bloomberg Philanthropies and Goldman Sachs announced that the Climate Innovation and Development Fund (CIDF) has completed allocating its $25 million in philanthropic concessional capital to help advance sustainable low-carbon economic...
Drawing on data and insights from across S&P Global, the report analyzes the physical risks of climate change and the challenges of limiting global temperature rise to below 2 degrees Celsius...
Power Sustainable, an alternative asset manager, today announced a CAD $200 million commitment for the Power Sustainable Energy Infrastructure partnership (the “Fund”), for a final close of CAD $800 million for Vintage II. This brings...
The implementation of the Corporate Sustainability Reporting Directive (CSRD) brings about significant implications for companies. Reporting in accordance with the CSRD can seem complex and overwhelming, requiring substantial time and...
The Voluntary Carbon Markets Integrity Initiative (VCMI) has released additional guidance for its Claims Code of Practice (Claims Code), enabling companies to make claims about their use of high-quality carbon credits....
Alibaba Group Holding Limited has joined a group of over 200 of the world’s leading sustainable businesses as the newest member of the World Business Council for Sustainable Development (WBCSD). ...
IKEA has announced the launch of a new mattress removal and recycling scheme in collaboration with The Furniture Recycling (TFR) Group, giving UK customers a convenient way to recycle old...
US$140 billion investment and mass scale in domestic market drives China’s advantage Currently on target to reach a record-breaking 230 gigawatts (GW) of wind and solar installations this year, China...
Allianz Global Investors (AllianzGI), FMO Investment Management (FMO IM), and the John D. and Catherine T. MacArthur Foundation (MacArthur) announced that the SDG Loan Fund (the Fund) has successfully mobilized...
Despite an overwhelming majority of countries ready to move forward on a robust and ambitious treaty, countries with deep petrochemical interests delayed progress throughout the week and blocked the final...
Companies that lead in disability inclusion drive more revenue, net income and profit, according to a new research report from Accenture in partnership with Disability:IN and the American Association of People with Disabilities (AAPD)....
Expanded relationship integrates IBM’s Envizi ESG Suite with Deloitte’s GreenLight Solution, fosters new offerings for end-to-end environmental needs Collaboration to help clients deliver improved sustainability outcomes by streamlining data, elevating...
Combined capabilities drive production performance, energy efficiency and emissions management, supporting utility grid orchestration across industries The EY organization announced an alliance between Aspen Technology, Inc, a global leader in...
Leading sustainability technology platform, Clarity AI, uses AWS’s generative AI, machine learning, and analytics capabilities to measure sustainability and social impact of companies and funds At AWS re:Invent, Amazon Web...
Momentum behind carbon capture, utilisation and storage (CCUS) is reaching unprecedented levels, but implementation continues to lag behind, a new IEA report finds. With over 400 new carbon capture, utilisation...
Preem’s Board of Directors has decided to invest approximately SEK 5.5 billion to repurpose the existing refinery in Lysekil. The investment represents an important milestone on Preem’s transition journey, as the company...
H&M Group is taking a leadership position in establishing collaborative financing solutions that enable the necessary decarbonisation of fashion supply chains. To realise this ambition, H&M Group, together with Southeast...
The European Investment Bank (EIB) has signed a SEK 1.3 billion (approximately €110 million) loan agreement with Swedish company Billerud, a world-leading paper and packaging materials supplier. The loan supports investments in the...
Bloomberg is the first data provider to build a tool using a resource from the UN Environmental Programme Finance Initiative to enable global impact integration in portfolios Bloomberg announced the...
Iberdrola is proud to contribute to the UK’s leadership in energy security and decarbonisation. With stable and predictable regulatory frameworks in place in the country, we are more committed than...
Dubai offers a perfect blend of modernity and tradition, making it an ideal destination for delegates attending COP28. From world-renowned landmarks to cultural experiences, there’s something for everyone in this...
Related Article: Top 5 Must-See Attractions While in Dubai for COP28 Visiting Dubai for COP28 can be a chance to put these sustainable practices into action. Traveling sustainably not only...
Over the past several years, BNP Paribas has been very active in Sustainability-Linked Loans (SLL), which aim to foster companies to improve their ESG performance by directly linking the financial conditions...
The International Partners Group (IPG), co-led by the United States of America and Japan and comprised of Canada, Denmark, the European Union, the Federal Republic of Germany, the French Republic,...
Investors, especially in Europe, remain committed to achieving environmental, social and governance (ESG) goals and are concerned about the economic transition, according to a survey by Deutsche Bank’s Private Bank...
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has launched a consultation on its roadmap for insuring the transition. The consultation sets out Lloyd’s proposed approach for the next...
ESG.AI, a Canadian based ESG decision support company, has partnered with the London Stock Exchange Group (LSEG) to deliver a next generation ESG analytics platform. ESG.AI’s platform helps organisations and...
Next week thousands of ESG News readers will head to Dubai for COP 28. They’ll be visiting one of the most interesting cities in the world, with lots to offer...
European deliveries are packed in recyclable paper bags, cardboard envelopes and boxes – or no added packaging at all. All our delivery packaging in Europe—the boxes, bags and envelopes needed...
The Commission launched the first auction under the European Hydrogen Bank to support the production of renewable hydrogen in Europe, with an initial €800 million of emissions trading revenues, channelled through the Innovation Fund. Producers of...
Small-scale farmers and agribusinesses are on the front lines of two global battles: one to ensure food security and the other against climate change. As small-scale agriculture provides 35% of...
Europe is often perceived as ahead of the US when it comes to climate action. While political polarization over environmental issues grabs the headlines, the US has been on a...
The year is 2013 and I am running for Member of Parliament as a Green party rep in my home country. I realise 2 things- environmental concerns are not among...
GreenBiz 24 is the premier gathering of sustainable business leaders seeking hands-on, tangible solutions. Join this growing community to recharge and learn what’s next in decarbonization, biodiversity, supply chains, strategic...
Launched earlier this year by WBCSD, The Climate Drive is a game-changing platform designed to support businesses and their suppliers in speeding up decarbonization efforts. It is now expanding its...
Oil and gas producers face pivotal choices about their role in the global energy system amid a worsening climate crisis fuelled in large part by their core products, according to...
The Commission is opening the Innovation Fund‘s 2023 call for proposals with a record budget of €4 billion to support the deployment of innovative decarbonisation technologies. The call is funded by revenues from...
Ericsson has successfully placed a green Euro-denominated 500 million 4.5-year bond. The bond was issued under Ericsson’s Euro Medium Term Note Program (EMTN). The issue follows a well-attended road show,...
The offtake agreement between A.P. Moller – Maersk and Chinese developer Goldwind, a global leader in clean energy, reaches into the next decade and marks the first large scale green...
Intel has announced plans to further reduce its direct and indirect greenhouse gas emissions and develop more sustainable technology solutions. As one of the world’s leading semiconductor design and manufacturing...
Parliament adopted its demands for the UN Climate Change Conference COP28, which will review progress on the implementation of the Paris Agreement. With 462 votes in favour, 134 against and...
This new addition accelerates Deloitte’s work and capabilities in the climate, sustainability, and fleet decarbonization space Deloitte Canada is acquiring leading fleet management consulting firm, Fleet Challenge Canada Inc. (“Fleet...
The Commission is proposing a Forest Monitoring Law that will plug existing gaps in the information on European forests and create a comprehensive forest knowledge base, to allow Member States, forest owners and forest...
The German government has pledged to invest €4 billion in African green energy projects until 2030. The announcement was made by Chancellor Olaf Scholz at the G20 Compact with Africa...
SAP SE announced that The Hilti Group, a global leader providing innovative hardware, software and services to the construction industry, is using the Circelligence solution to increase the circularity of its resources....
EPA’s Office of Environmental Justice and External Civil Rights announces the largest single investment in environmental justice in history, funded by President Biden’s Inflation Reduction Act The Biden-Harris administration announced...
A new study by CO2 AI and BCG has found that companies are not making much progress in comprehensively measuring and cutting their emissions. The study, which surveyed 1,850 executives...
Air Liquide and Sasol have signed new Power Purchase Agreements (PPA) with the global wind and solar company Mainstream Renewable Power, for the long-term supply of a capacity of 97.5...
ABB and the European Investment Bank (EIB), the lending arm of the European Union, have signed a €500 million financing agreement to support ABB’s research and development in its Electrification...
Parliament has adopted its position on a new EU certification framework for technological and natural carbon removals to help achieve EU climate neutrality by 2050. With 448 votes to 65...
Risks of financing the transition to a carbon-free economy and new transportation, digital infrastructure, and real estate related projects amid a softer economic outlook [online event] Welcome, Engage with seasoned...
Panasonic is collaborating with Olympian Malaika Mihambo in the lead-up to the Olympic Games Paris 2024. With mutual respect and determination for sustainability and social change, this partnership expresses the...
• The third green issue of the year has set a coupon of 4.183%.• The company is making progress on its renewed objective of having around 40% of its financing...
ESG Book, a global leader in sustainability data and technology, released new research showing that companies in the United States and Canada are three times more likely to risk violating United Nations environmental standards...
BBVA reached an agreement with Brookfield Properties to move its New York office from 1345 Avenue of the Americas to the new complex at Two Manhattan West. The bank will move...
Eneco has submitted its planning application for the construction of the ‘Eneco Electrolyzer’, a green hydrogen production plant in Rotterdam’s Europoort industrial area. Green hydrogen is produced using electricity generated...
Starbucks Coffee Company announced its Board of Directors intends to establish a new Environmental, Partner and Community Impact (EPCI) Board Committee, as a continued evolution of the overall governance approach to the company. Starbucks has always...
Maersk (Maersk), one of the world’s leading logistics companies, and Nissan Motor Co., Ltd. (Nissan), a renowned international automotive giant, have joined hands in a long-term partnership on sustainable, resilient,...
In the UAE Year of Sustainability, and at the 3rd ICAO Conference on Aviation and Alternative Fuels (CAAF/3) was held in Dubai, eight founding entities announced the launch of the “Air-CRAFT”...
Hyundai Capital Services announced today that it was acknowledged as the Best Practice Company in the “Sustainable Finance” category at the “UN Global Compact Korea Leaders Summit 2023” hosted by...
IFC, a member of the World Bank Group, and T. Rowe Price announced plans to create a pioneering global blue bond strategy to increase access to finance for blue projects...
A new report by Google in collaboration with Boston Consulting Group (BCG) reveals that artificial intelligence (AI) has the potential to mitigate 5-10% of global greenhouse gas (GHG) emissions by...
Only 15 per cent of the Sustainable Development Goals (SDGs) are on track for 2030. According to the United Nations, global efforts would need to quadruple to meet the water...
The world is not on track with meeting the Sustainable Development Goals (SDGs). As of 2022, 2.2 billion people lacked safely managed drinking water, 3.5 billion lacked access to safely...
Accelerating growth of wind and solar PV while increasing electrification and encouraging uptake of low-emissions transport are vital areas for country’s energy transition Estonia’s ambitious targets for a climate neutral...
Data Collected During This Mission Will Advance Industry Toward Net-Zero Goals Gulfstream Aerospace Corp. announced the successful completion of the world’s first trans-Atlantic flight using 100% sustainable aviation fuel (SAF)....
Japan Petroleum Exploration Co., Ltd. (JAPEX), JGC Holdings Corporation (JGC HD,) and Kawasaki Kisen Kaisha, Ltd. (“K” LINE) (hereinafter referred collectively as the “Japan Consortium (JC)”) have agreed and signed...
Since launching 16 months ago, the EMIT imaging spectrometer aboard the International Space Station has shown an ability to detect more than just surface minerals. More than a year after...
ESG was born out of a pretty simple idea. There are Environmental, Social, and Governance factors that can have a profound impact on a company. These non-financial issues can have...
On Thursday night, Parliament and Council reached a provisional agreement on revising EU procedures and control measures for waste shipments. The agreed law aims to protect the environment and human...
Within just two years, the largest clean energy power plant of South Africa has emerged out of nothing on the vast wilderness in Northern Cape. It is the 100MW Redstone concentrated solar thermal...
LONDON, 15 November 2023 – More than nine in ten investors (94%) believe corporate reporting on sustainability performance contains unsupported claims, according to PwC’s 2023 Global Investor Survey, launched. The survey – now...
New water replenishment projects across Australia, India, Indonesia, Spain, and US will deliver 1.5 billion liters of water to local communities each year. About 2 billion people worldwide lack access...
Skanska has issued green bonds worth approximately SEK 4.5 billion to finance sustainable commercial real estate projects and other investments for climate transition. The issue generated substantial interest, attracting bids from around...
As vulnerable communities worldwide continue to suffer outsized effects of climate change, IBM is empowering innovators with cutting-edge technologies and training. Ahead of COP28, IBM announced the latest investments in its...
Just three years of intensive cross-industry collaboration can turn industrial decarbonization from an immovable economic barrier to an economic force compelling all industries to accelerate net zero action Fewer than...
BlackRock’s Evergreen Infrastructure fund has secured almost US$1 billion in client commitments from European founding partners. The Fund has already begun to commit capital and has signed definitive documentation to...
Air Liquide, a world leader in gases, technologies and services for Industry and Health, and ENEOS Corporation, Japan’s leading energy company, have signed a Memorandum of Understanding (MoU) to collaborate...
The European Investment Bank (EIB) and the French region of Nouvelle-Aquitaine signed a €500 million framework finance contract to promote carbon-free transport. This investment aims to improve rail service quality in...
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