Robert Langrick of the CFA Institute offers an in-depth look at the world’s largest ESG training program for ESG and sustainable finance professionals! Snapshot: Robert Langrick of CFA Institute sat...
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....
ISS ESG, the sustainable investment arm of ISS STOXX, has introduced a new Industry Average Emission Intensity Data Set as part of a major augmentation to its Climate Solutions. This...
Deutsche Bank has introduced BASF’s first sustainability-linked payables finance program in Asia, targeting operations in China. This tailored solution meets global standards while catering to local business needs. The program...
Schneider Electric, a leader in energy management and automation, released its Q2 2024 sustainability scores alongside half-year financial results. This update is part of their Sustainability Impact (SSI) program, essential...
Leveraging Technology in ESG Global capability centres (GCCs) are driving ESG initiatives with over 1,600 centers in India, expected to reach 1,900 by 2025, hitting a market size of $60...
ArcLight has launched SkyVest Renewables, committing an initial $500 million to operate and optimize renewable assets. As part of this initiative, ArcLight has acquired a 160 MW wind farm in...
The Science Based Targets initiative (SBTi) has released four technical documents, marking an early step in revising the Corporate Net-Zero Standard. This effort aims to enhance strategies for addressing scope...
The number of plastic bags found on UK beaches has plummeted by 80% over the past decade, following the introduction of a mandatory fee for single-use carrier bags. According to...
Enhanced Biodiversity Reporting Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) have unveiled a joint interoperability mapping resource. This tool outlines the alignment between TNFD Disclosure...
Google, PacificLight Energy (PLE), and Rexus Bioenergy (RExus) have entered a 10-year collaboration. PacificLight will offtake renewable energy from RExus’s Waste Wood-to-Energy (WWtE) Plant and supply it to Google. This...
KLM Royal Dutch Airlines and ZeroAvia are partnering to demonstrate a zero-emission flight using ZeroAvia’s ZA2000 hydrogen-electric engines by 2026. This collaboration represents a significant step towards sustainable aviation. Hydrogen-electric...
A recent survey of nearly 500 sustainability professionals by Salesforce reveals a complex relationship between AI and sustainability. While 4 in 10 professionals worry about AI’s potential negative impacts, 57%...
Germany-based osapiens, an ESG platform provider, has secured $120 million in Series B funding led by Growth Equity at Goldman Sachs Alternatives. This investment follows the $27 million Series A...
The European Investment Bank (EIB) has activated a €5 billion initiative to bolster Europe’s wind-energy equipment manufacturers. This includes a €500 million counter-guarantee to Deutsche Bank AG, facilitating up to...
The Spanish government has approved nearly 300 renewable power projects, aiming to boost the country’s green energy capacity by over 28 gigawatts. This move, announced on Monday, is part of...
Air New Zealand Adjusts Emission Goals Air New Zealand has retracted its 2030 emissions reduction target, citing delays in the delivery of fuel-efficient aircraft and the high cost of green...
Longevity Partners launches a revolutionary Decarbonisation Dashboard to aid global real estate in cutting carbon emissions. This proprietary tool enables asset managers to track and reduce carbon footprints, optimize energy...
International Airlines Group (IAG) has inked a landmark agreement with Repsol for over 28,000 tons of sustainable aviation fuel (SAF), marking the largest SAF purchase in Spain. This fuel will...
Veolia has solidified its position as a leader in ecological transformation, earning validation from the Science Based Targets initiative (SBTi) for its accelerated decarbonization goals. This recognition follows the company’s...
Enel S.p.A. has approved a share buyback program to purchase 2.9 million treasury shares, approximately 0.029% of its share capital. This program, running from September 16 to December 16, 2024,...
Starting July 1st, BNP Paribas Bank in Poland will offer its business clients access to the Envirly platform, a cutting-edge tool powered by AI for calculating and managing carbon footprints....
SAEL group has successfully issued its first US dollar-denominated green bonds, raising $305 million in the international markets. This marks a significant milestone, providing the company access to a deeper,...
In 2024, shareholder proposals on ESG and anti-ESG issues soared to record numbers, reaching 998 among Russell 3000 companies, surpassing 2023’s total of 947. Despite the increase, support remains inconsistent,...
Universal Hydrogen’s Dream Crashes Universal Hydrogen aimed to revolutionize hydrogen-powered flights with nearly $100M from investors like Playground Global and Toyota Ventures. The company liquidated after failing to secure further...
VF Corporation (NYSE: VFC), a global leader in apparel, footwear, and accessories, has released its 2024 Green Bond Impact Report. The report details the full allocation of net proceeds from...
NEG8 Carbon, an innovative Irish company, is spearheading efforts to combat climate change by removing carbon from the atmosphere. With the goal of capturing 100 million tonnes of CO2 annually...
Indian businesses are taking the lead in ESG reporting and prioritizing diversification efforts, outpacing their global counterparts, according to a recent study by DBS Bank. The comprehensive research, titled “Pivotal:...
Over 72% of financial institutions plan to invest up to $500,000 in ESG (environmental, social, and governance) technology, according to a recent survey by BCT Digital. BCT Digital, a leader...
Market Dynamics Driving ESG Evolution Market forces, including shifting ESG regulations, U.S. anti-ESG sentiment, and increasing competition among ESG service providers, are reshaping asset managers and rating agencies’ ESG integration....
For more from Tim Mohin, sign up for his newsletter here An unprecedented political tsunami hit on Sunday when President Joe Biden dropped out of the presidential race. In just a few days,...
EFRAG released a report on the early implementation of the European Sustainability Reporting Standards (ESRS) among large EU companies. Supported by Boston Consulting Group (BCG), this study, titled ‘State of...
In a significant step towards sustainable transportation, Daimler Truck has initiated customer trials for their Mercedes-Benz GenH2 hydrogen fuel cell trucks. Five prototype trucks are being tested by Amazon, Air...
Prime Minister Keir Starmer and Energy Secretary Ed Miliband announced a major partnership between Great British Energy and The Crown Estate, projected to drive up to £60 billion in private...
Brazil has endorsed the UAE Declaration of Leaders on a Global Climate Finance Framework at a G20-COP28 event, strengthening its commitment to sustainable finance. This move, announced by Finance Minister...
Environmental, Social, and Governance (ESG) practices are crucial for today’s businesses, impacting risk management and value creation. ESG captures climate-related financial risks and opportunities within a company’s operations, moving beyond...
Cyan Renewables (“Cyan”), Asia’s leading offshore wind services platform, announced its acquisition of Australian offshore marine services provider MMA Offshore (“MMA”) (ASX) for A$1.1B (US$702M). This landmark deal makes Cyan...
The Inter-American Development Bank (IDB), alongside Brazilian public banks BNDES, Banco do Brasil (BB), and Caixa Econômica Federal (CAIXA), announced plans to develop an exchange-traded fund (ETF) focused on sustainable...
On the eve of the Paris 2024 Olympic Games, the first Sport for Sustainable Development (Sport4SD) Summit gathered 500 leaders, including heads of state, government officials, and athletes, to accelerate...
NGP has launched NGP Sustainable Real Assets, LLC, securing approximately $500 million from NGP’s Energy Transition IV fund and co-investors. NGP SRA focuses on developing clean energy assets, including power,...
The UK is taking a significant step toward sustainable air travel by introducing a mandate for sustainable aviation fuel (SAF). From January 1, 2025, the SAF mandate will require 2%...
Akila, a digital twin data platform, has formed a strategic alliance with Deloitte to deliver sustainable building management solutions to their U.S. customers. This partnership aims to reduce carbon emissions,...
The Jamaica Stock Exchange (JSE) has launched its comprehensive guidelines for green, blue, and sustainability bonds, aiming to enhance the market’s capacity to attract investments with positive environmental and social...
The European Securities and Markets Authority (ESMA) has published an Opinion on enhancing the Sustainable Finance Regulatory Framework, highlighting potential long-term improvements. Current Framework ESMA recognizes the robust development of...
KPMG has been named a leader in the IDC MarketScape: Asia/Pacific Sustainability/ESG Program Management Services 2024 Vendor Assessment. Why it matters The report emphasizes KPMG’s robust suite of digital tools...
Driving Climate Strategy: A Board’s Role Boards must take decisive actions to realize long-term value from climate strategies and boost stakeholder confidence. Climate Disclosures in Singapore Singapore mandates all listed...
ESG News reports that Chuka Umunna has been promoted to Managing Director, Global Head of Sustainable Solutions, and EMEA Head of Green Economy Investment Banking at JPMorgan. This strategic role...
Google and DHL Team Up for Sustainable Shipping DHL and Google have partnered to utilize the DHL Express GoGreen Plus service, employing Sustainable Aviation Fuel (SAF) for express shipping of...
Dwight Capital has expanded its services by launching Dwight Green Finance, a new lending platform aimed at financing property improvements through C-PACE (Commercial Property Assessed Clean Energy). This initiative, led...
New Leadership Announced Accountancy Europe has appointed Eelco van der Enden as its new Chief Executive Officer, effective January 2025. This decision follows a comprehensive search process led by President...
The Iberian Peninsula is spearheading Europe’s cleantech transformation, with a forecasted investment of over €150 billion and the creation of approximately 2.65 million jobs by 2030. These insights come from...
Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) has announced a major step in its green financing efforts with the issuance of C$400 million in medium-term notes. The issuance includes...
Kirsten Flanik has been appointed CEO of Revolt North America, marking a strategic move to bolster the consultancy’s presence in the U.S. market. Previously, Flanik served as President and CEO...
The Google Research team has unveiled Neural General Circulation Models, a revolutionary hybrid general circulation model (GCM) that merges traditional physics-based methods with advanced machine-learning components. Published in Nature, this...
Paris 2024 is set to be the greenest Olympics ever, targeting a carbon footprint half that of London 2012 and Rio 2016, which were 3.3 million and 3.6 million tonnes...
Terex Corporation (NYSE: TEX) has announced the acquisition of Environmental Solutions Group (ESG) from Dover Corporation (NYSE: DOV) for $2.0 billion in cash. After accounting for expected tax benefits of...
Lidl GB plans to invest £1.5 billion (€1.8 billion) in the British beef industry over the next five years to achieve its goal of sourcing 100% British beef. This significant...
The EU has introduced a comprehensive law aimed at enhancing the sustainability of products in the market. The new Ecodesign for Sustainable Products Regulation expands on the existing Ecodesign Directive,...
In a comprehensive study conducted by MSCI ESG Research, the relationship between MSCI ESG Ratings and the cost of capital for corporate equity and debt issuers was analyzed. The study...
The International Finance Corporation (IFC) and Ayala Land Inc. (ALI) are joining forces to advance green development in the Philippines through the first sustainability-linked financing package. This initiative supports ALI’s...
Economic Growth and Infrastructure His Majesty The King outlined the government’s legislative agenda, prioritizing economic growth, job creation, and infrastructure development. The King’s Speech introduced over 35 bills to support...
Former UK Energy Minister Chris Skidmore has launched Desmos Capital Partners, a new private investment bank focused on supporting clean energy startups. This “boutique” bank aims to raise private capital...
Masdar, the UAE’s leading clean energy company, has raised $1 billion through its second green bond issuance, following a successful $750 million debut last year. The proceeds will finance new...
DHL and Envision have joined forces to drive the decarbonization of the aviation industry, with Sustainable Aviation Fuel (SAF) as a pivotal focus. This collaboration aims to elevate DHL’s SAF...
The Biden-Harris Administration has announced $4.3 billion in Climate Pollution Reduction Grants as part of the Investing in America agenda. This initiative, spearheaded by the U.S. Environmental Protection Agency (EPA),...
For more from Tim Mohin, sign up for his newsletter here Last week, we shared how the implementation of California’s climate laws is likely to be delayed for two years. This week, research...
Aramco, a leading integrated energy and chemicals company, has completed a $6 billion bond issuance. This issuance includes three tranches of USD-denominated senior unsecured notes under the Global Medium Term...
The HKSAR Government has successfully launched an HK$25 billion green bond offering, denominated in Renminbi (RMB), US dollars (USD), and euro (EUR) under the Government Sustainable Bond Programme. Key Details:...
Carbon Direct and Microsoft have released the 2024 edition of the Criteria for High-Quality Carbon Dioxide Removal, reflecting significant market and scientific advancements since their initial collaboration in 2021. Market...
Innovative Approach to Sustainable Palm Oil Unilever is leveraging technology to ensure a deforestation-free palm oil supply chain while supporting smallholder farmers. Rauf Prasodjo, Senior Manager for Sustainable Sourcing, shares...
Google joined industry leaders, solution providers, non-profits, and advocates in urging the swift implementation of Granular Guarantees of Origin (GOs) within the EU, as enabled by the recent Renewable Energy...
Cemex has signed a Network Partnership with the Ellen MacArthur Foundation, aiming to enhance circular economy efforts in the built environment. The Ellen MacArthur Foundation’s Network is globally renowned for...
Progress and Challenges A recent Deloitte survey reveals that over three-quarters of executives report significant progress towards sustainability goals. Yet, data quality challenges persist, with 57% of respondents citing it...
Abu Dhabi’s flagship renewable energy company, Masdar, also known as Abu Dhabi Future Energy Co., is gearing up for its second major financial initiative through the issuance of dollar-denominated green...
Key Impact Points: ERM Unveils 2024 Sustainability Report: Charting a Bold Path Toward Environmental Leadership and Innovation ERM has unveiled its 2024 Sustainability Report, a testament to the company’s profound...
S&P Global Commodity Insights, through Platts, has launched the first independent daily solar photovoltaic (PV) panel price assessments for the US, Europe, and Asia. This initiative aims to provide transparency...
Strategic Investment Blackstone (NYSE: BX) announced a minority investment in Symphony Infrastructure Partners, Australia’s top energy transition infrastructure services platform, through its Blackstone Tactical Opportunities funds. Growth & Acquisitions Founded...
Seriti Green has embarked on a monumental R25 billion wind farm project in Mpumalanga, marking the first phase with the 155MW Ummbila Emoyeni facility. This development is set to transform...
The Green Impact Exchange (GIX) has filed an application with the Securities and Exchange Commission (SEC) to become the first U.S. stock market focused exclusively on the green economy. If...
Mercedes-Benz High-Power Charging and Starbucks are teaming up to elevate the EV charging experience across America. Their strategic collaboration aims to electrify over 100 Starbucks stores, starting with the 1,400-mile...