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Tag: Net Zero
HSBC Asset Management (HSBC AM) expands its private credit capabilities by launching the Global Transition Infrastructure Debt and European Senior Direct Lending strategies, further scaling its USD 6.5 billion global...
The 2024 UK Net Zero Business Census sheds light on the nation’s progress toward reducing carbon emissions. The study, which is the largest of its kind, surveyed over 2,000 businesses,...
Volvo Trucks is set to revolutionize the electric truck market with its latest model, which boasts a range of up to 600 km on a single charge. This new capability...
The Abu Dhabi Department of Energy (DoE) is taking significant steps to foster a culture of sustainability among the younger generation in Abu Dhabi. By launching a series of initiatives,...
Wells Fargo is leveraging its scale to spearhead a shift toward sustainability. According to the August 2024 Climate Report, the bank is focused on decarbonizing its operations and helping customers...
Unilever is launching a groundbreaking initiative to create sustainable fragrances by repurposing waste flowers. This pilot program, developed in partnership with the University of Nottingham, aims to reduce emissions and...
Meta’s Commitment to Sustainability In its 2024 Sustainability Report, Meta reaffirms its commitment to creating a sustainable future. The company has been at the forefront of environmental initiatives, focusing on...
Environmental, social, and governance (ESG) investing is thriving in Japan, contrasting sharply with global trends where ESG momentum is slowing. Japan’s balanced approach has made it more attractive to corporations...
U.S. Companies Lead on Sustainability EcoOnline’s latest survey reveals a significant shift in corporate America’s approach to climate action, with over 80% of companies proactively building net-zero programs—without waiting for...
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...
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...
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...
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...
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...
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...
The Science Based Targets initiative (SBTi) is inviting Financial Institutions (FIs) globally to participate in the pilot testing of the upcoming Financial Institutions Net-Zero (FINZ) Standard. This initiative offers a...
LEGO’s Net-Zero Drive: Suppliers in the Spotlight The LEGO Group has launched a new Supplier Sustainability Programme, crucial for cutting carbon emissions in its supply chain. Recognizing that over 99%...
ISO is developing its first international standard on net zero to provide clarity and robust requirements for the global net zero transition. Expected to launch at COP30 in November 2025,...
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...
The European Commission has launched the Climate City Capital Hub to provide financial support and advice to cities aiming for climate neutrality. With a €650 billion investment target, this initiative...
Executive Summary: Australia’s government is spearheading major sustainable finance reforms to transition to a net-zero economy. These initiatives include mandatory climate-related financial disclosures, the development of a sustainable finance taxonomy,...
Executive Summary: Unilever intensifies its climate advocacy efforts to accelerate emissions reduction and support global net-zero goals. By collaborating with coalitions and pushing for transformative policies, Unilever aims to create...
A new report published today by the City of London Corporation and Climate Policy Initiative (CPI) has revealed that tracked UK financial institutions have almost tripled their investment into clean-energy...
Canada is experiencing a heavily fragmented energy transition with consequences for household affordability and economic development, finds a new Clean Energy Canada scorecard that ranks provincial efforts to help citizens and businesses...
The SBTi releases revisions and new resources to enable financial institutions to set ambitious near-term emission reduction targets. The Science Based Targets initiative (SBTi) is unveiling a suite of revisions...
The Council has adopted a regulation on establishing a framework of measures for strengthening Europe’s net-zero technology manufacturing ecosystem, better known as the ‘net-zero industry act’. This is the last...
The professional solutions firm commits to reach net-zero carbon emissions by 2040. APTIM announced its commitment to The Climate Pledge, demonstrating its ambitious pursuit to mitigate and adapt to climate change’s...
Holcim hosts the groundbreaking ceremony at its state-of-the-art GO4ZERO plant engineered to produce 2 million tons of net-zero cement per annum by 2029 in Obourg, Belgium. With a planned investment...
The project will provide 80% of the heat demand for Finnish neighborhoods. Nestled on the shores of the Gulf of Finland, Google’s Hamina data center is set to become a...
Normative recently launched enhanced carbon reduction features designed to accelerate businesses on their journey to net zero emissions. Having calculated their carbon footprint and reported emissions, businesses often face the...
Border to Coast Pensions Partnership has launched two propositions and significantly expanded its private markets programme to £16bn following further commitments from LGPS Partner Funds. With an additional £3.6bn committed...
UBS Asset Management (UBS AM) has launched the UBS ETF S&P 500 Climate Transition ESG UCITS ETF, marking a significant stride for sustainability-focused investors in Europe. This ETF is the...
The Science Based Targets initiative (SBTi) has released the Terms of Reference of the major revision to the Corporate Net-Zero Standard outlining the objectives, scope, deliverables, provisional timeline, and opportunities for engagement...
Key Impact Points: Article: Japan is gearing up to craft a comprehensive strategy aimed at decarbonization and industrial policy by 2040, according to recent announcements from the Prime Minister’s Office....
The Council formally adopted the regulation on CO2 emission standards for heavy-duty vehicles, amending and strengthening the existing EU rules. The updated rules will further reduce CO2 emissions from road transport and will introduce...
New capabilities help companies gain comprehensive Scope 3 data coverage, provide tailored guidance to activate suppliers Optera, a leader in ESG and carbon management software, today launched its Outreach module...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 Council formally adopted a revised directive on the energy performance of buildings. The directive will help reduce greenhouse gas emissions and energy poverty in the EU. Zero-emission buildings by...
A major new Centre for Doctoral Training in Green Industrial Futures (CDT-GIF) has launched to help secure the UK’s position at the forefront of the green industrial revolution. The Centre...
This Earth Month, and every month, Target celebrates how sustainability strengthens its business and communities, while delivering a more joyful and meaningful experience for guests. From designing its owned brands...
IBM announced the release of its 2023 Impact report. The report summarizes the company’s Environmental, Social and Governance (ESG) initiatives, partnerships and investments in 2023, which were implemented to advance our goal...
In January 2024 the SBTi announced that work to revise its flagship Corporate Net-Zero Standard was a priority for 2024, and that this revision would include additional guidance on tackling...
A new study will collect carbon emissions data from B.C.’s regional airports with the goal of getting all airports in the province to net-zero by 2030. The study is part...
Provisional data shows UK territorial greenhouse gas emissions fell further across several key sectors between 2022 and 2023. The UK continues to lead the way in cutting emissions after provisional data...
A majority (70%) of European companies align less than 25% of their capital expenditures (CapEx) toward transitioning towards a net-zero economy, new analysis by CDP and Oliver Wyman reveals. Meanwhile,...
Results highlight that current transition plans are insufficient for investors to accurately gauge transition risk, a material financial risk for high-emitting companies on the Climate Action 100+ focus list. Climate...
BNP Paribas Asset Management announces the launch of the BNP Paribas Global Net Zero Transition Equity fund, a Luxembourg-domiciled equity fund offering investors exposure to a well-diversified strategy across sectors,...
The new collaboration adds physical climate risk modelling to JLL’s end-to-end real estate Decarbonization Strategy JLL announced a strategic agreement with global climate risk analytics technology firm, Jupiter Intelligence. JLL supports...
New ASEAN Energy (NAE) and ACTUAL have formed an agreement, leveraging ACTUAL’s AI-driven capital planning technology to develop a comprehensive net-zero emissions strategy for The Pengerang Energy Complex (PEC). PEC...
The Energy Secretary has taken a common-sense decision to shore up the UK’s energy supply as the nation transitions to net zero. In a plan set out, the government has...
InfluenceMap, a non-profit organization dedicated to providing objective and data-driven analyses of corporate and financial institutions’ impact on climate change and biodiversity loss, has released assessments evaluating the climate governance,...
The partnership has seen the transition into a more sustainable era of transport and logistics as Formula 1 looks to reach its Net Zero goal by 2030. DHL and Formula...
The Government of Canada is announcing its plan to issue its second Canadian-dollar-denominated green bond this week, subject to market conditions. This follows the successful issuance of Canada’s first 7.5-year, $5...
Tanzania has activated the first turbine of its highly anticipated Julius Nyerere Hydropower Plant, marking a significant step towards doubling the country’s electricity generation capacity. Despite concerns from conservationists about...
Nokia announced that it has committed to reducing its total global greenhouse gas emissions (GHG) to net zero by 2040, accelerating its previous target by ten years, and putting it...
A new report by DNV, the energy expert and assurance provider, paints a stark picture of the UK’s energy transition. While the UK has ambitious climate goals, the current pace...
In 2017, Walmart launched a bold initiative called Project Gigaton, aiming to work with suppliers to reduce, avoid, or sequester 1 billion metric tons of greenhouse gas emissions in product...
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...
The UK will leave the Energy Charter Treaty (ECT) after the failure of efforts to align it with net zero, the government has announced. Signed in 1994, the Energy Charter...
Schneider Electric, the leader in the digital transformation of energy management and automation, announced that it has committed to invest in a portfolio of Texas-based clean energy projects utilizing a Tax Credit...
A new report by the Green Finance Institute (GFI) and the Institute for Public Policy Research (IPPR) calls for deeper collaboration between public and private sectors, alongside clear sector-specific transition...
AXA Investment Managers (AXA IM) has launched a UK-domiciled global short-duration bond fund focusing on the path to net zero, with Aon providing £127 million in seed capital. The AXA...
12 initiatives and 5 enablers to decarbonise Singapore’s aviation sector and support sustainable growth The Singapore Sustainable Air Hub Blueprint was launched today by Mr Chee Hong Tat, Minister for...
A.P. Moller – Maersk´s (Maersk) greenhouse gas emissions targets have been validated by the Science Based Targets initiative (SBTi) to be in line with the 1.5-degree pathway from the Paris...
The Dow Chemical Company (“TDCC”), a wholly owned subsidiary of Dow, announced the closing of its green bond offering of $600 million aggregate principal amount of 5.150% notes due 2034 and $650 million aggregate principal...
The projects in California and Florida continue to advance progress toward water pep+ replenishment goal PepsiCo Beverages North America (PBNA) announced a commitment to fund four additional water replenishment projects in California...
Ahead of GreenBiz 2024, Salesforce conducted a new study in partnership with GlobeScan, revealing that 93% of sustainability, finance, and technology leaders think sustainability is crucial to the success of their organizations....
Parliament and Council negotiators reached a provisional deal on the Net-Zero industry Act to bolster EU production in technologies needed for decarbonisation. The “Net-Zero industry Act” sets a target for...
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 European Union is committed to reaching ‘net zero’ CO2 emissions by 2050. While the major part of this effort will come from reducing current emissions levels in the coming years,...
CDP – the global environmental disclosure nonprofit – has scored over 21,000 companies based on information reported through its climate change, deforestation and water security questionnaires. Just under 400 (2%)...
World’s largest private fund dedicated to investing in the net zero economy Brookfield Asset Management announced that it has raised $10 billion in the first closing of the second Brookfield Global Transition Fund, inclusive...
With the world moving ever closer to the 2050 deadline to achieve Net Zero, Allianz has launched a tool that outlines how the green transition can be achieved within the...
The Office of the Attorney General, announced that Barclays would no longer be permitted to underwrite Texas’s municipal bonds after failing to respond to requests for information concerning its “net...
bp and Equinor announced an agreement to restructure the ownership of their joint US offshore wind projects which, following completion, will result in bp taking ownership of Equinor’s 50% stake...
CVS Health® announced two agreements that total 264,000-megawatt hours with Constellation to purchase zero-emission, renewable energy equivalent to the annual electricity use of nearly 1,000 CVS Health locations in California, Washington, D.C.,...
Following through on its 2020 net zero ambitions, HSBC has released its inaugural Net Zero Transition Plan, outlining its roadmap for financing and supporting the global transition to a low-carbon...
The launch of the Singapore Sustainable Finance Association (SSFA) marks a significant milestone in Singapore’s journey to becoming a leading center for sustainable finance in Asia. In his keynote speech,...
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual meeting of the ADNOC Board of Directors in his capacity as its Chairman. During the...
The Council and the European Parliament’s negotiators today reached a provisional political agreement on CO2 emission standards for heavy-duty vehicles (HDVs). The aim is to further reduce CO2 emissions in the road transport sector and to...
Key Impact Points: The landmark report highlights six decades of SRK’s distinguished initiatives and partnerships to improve sustainability industry-wide. Shree Ramkrishna Exports (SRK), one of the world’s leading diamond crafting companies,...
Key Impact Points: Barclays announced that it is establishing a new Energy Transition Group, within its Corporate and Investment Bank. The new group will be responsible for providing strategic advice...
Key Impact Points: Our youths play a crucial role in the journey towards a net-zero world. With their passion and fresh perspectives for a greener future, they are set to...
Key Impact Points: The early new year boost for the supply chain by its SP Energy Networks business is the company’s biggest issued contract opportunity ever and will see major investment in...
Key Impact Points: Chris Stark, the UK’s chief climate change adviser, has been appointed as the new CEO of global climate consultancy, the Carbon Trust. He will take over the...
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