This week in ESG news: JPMorgan, Morgan Stanley complete exit of major U.S. banks from net zero coalition; Net Zero finance umbrella group shifts focus after banks leave; process launched to expand, simplify EU Taxonomy; SBTi appoints new CEO; Biden bans offshore drilling across major portion of U.S. coasts; shareholders target Shell over plans to […]
ESG News
EU-Plattform für nachhaltiges Finanzwesen schlägt wichtige Aktualisierungen der EU-Taxonomie vor
Neue Aktivitäten hinzugefügt: Zu den Vorschlägen gehören Kriterien für digitale Lösungen sowie den Abbau und die Verhüttung von Lithium, Nickel und Kupfer. Nachhaltige Finanzen vereinfachen: Die vorgeschlagenen Aktualisierungen zielen darauf ab, die EU-Taxonomie zu rationalisieren und die abgedeckten Aktivitäten zu erweitern. Fokus auf Benutzerfreundlichkeit: Die Überarbeitungen zielen auf klarere „Do No Significant Harm“-Kriterien (DNSH) ab, […]
BlackRock Exits Net Zero Coalition, Says Move Won’t Change How it Manages Investments
BlackRock announced that it has decided to leave the Net Zero Asset Managers (NZAM) initiative, a major multi-trillion dollar group of investment managers committed to supporting the goal of net zero greenhouse gas emissions by 2050, marking a significant symbolic victory for anti-ESG politicians who had been threatening the investment giant over its participation in […]
XOCEAN Raises $118 Million to Meet Growing Demand for Blue Economy Data
Ocean data company XOCEAN announced that it has raised €115 million (USD$118 million) in a new funding round. The company said it will use the funds to expand its services globally, and develop new products and services, to address demand for high-quality data solutions across the blue economy.
SGS Acquires GHG Verification Services Provider Aster Global
Geneva-based testing, inspection and certification company SGS announced the acquisition of carbon and greenhouse gas (GHG) validation and verification services firm Aster Global Environmental Solutions, in a move aimed at expanding SGS’ sustainability services and solutions offerings.
Aegon, Cazenove to Adopt FCA’s SDR Sustainability Focus Label for Funds
Asset managers Cazenove Capital and Aegon Asset Management each announced plans to use the new “Sustainability Focus” label introduced by the UK Financial Conduct Authority (FCA)’s Sustainability Disclosure Requirements (SDR) for a series of funds, marking the latest step in the adoption of the regulator’s new sustainable investment fund labelling system.
EU Platform on Sustainable Finance Unveils Proposals to Simplify, Expand EU Taxonomy
The Platform on Sustainable Finance (PSF), an expert group mandated by the European Commission to advise it on the development of sustainable finance policies, announced the launch of a new consultation on a series of proposed updates to the EU Taxonomy, aimed at simplifying and expanding the classification system for defining sustainable economic activities.
Manufacturing Decarbonization Startup Karman Industries Raises $7.5 Million
Cleantech startup Karman Industries announced that it has raised an additional $7.5 million in VC funding – following a $4 million pre-seed financing announced in September 2024 – for its solutions aimed at decarbonizing manufacturing by addressing emissions from industrial heat. Industrial heat is essential to manufacture nearly all goods and commodities – from chemicals […]
Deep Sky, Low Carbon to Power Carbon Removal Project with 100% Renewable Energy
Renewable energy investor, developer and operator Low Carbon announced today a new Power Purchase Agreement (PPA) with carbon removal project developer Deep Sky, enabling the company to power its first facility, Deep Sky Alpha, with 100% solar power.
CO2-Ausstoß des Gebäudesektors leicht reduziert – dank warmer Witterung
Der Gebäudesektor hat seine Treibhausgas-Emissionen im vergangenen Jahr um 2 Mio. t. gesenkt. Das im Klimaschutzgesetz festgelegte Ziel wurde nach den Berechnungen des Think Tanks Agora Energiewende aber wieder verfehlt.
Shareholders Call on Shell to Explain Consistency of Plans to Grow LNG Production with its Net Zero Goals
A group of institutional shareholders, alongside sustainable investment-focused organizations ShareAction and the Australasian Centre for Corporate Responsibility (ACCR), announced today the filing of a new shareholder resolution at Shell, calling on the company to provide more transparency regarding the consistency of its plans to significantly grow its production of liquefied natural gas (LNG) with its […]
Robeco to Engage Companies on Deforestation, Transition Materials Supply Chain Sustainability
International asset manager Robeco announced the key focus areas for its 2025 corporate engagement activity, with a continued focus on ‘evergreen’ issues including climate, nature and human rights, an expansion of engagement on deforestation in commodity supply chains, and new themes including supply chains in transition minerals and shareholder rights.
Bloomberg, Carney-led Climate Finance Group Restructures After String of High-Profile Departures from Net Zero Coalitions
The Glasgow Financial Alliance for Net Zero (GFANZ), a UN-backed climate-focused multi-trillion dollar coalition of financial institutions, announced the launch of a significant restructuring, including a shift in focus towards enabling the mass mobilization of capital to support the low carbon transition, and opening participation widely even to firms not participating in its affiliated net […]
Indonesien unterzeichnet Zuteilung von 15.6 Millionen Kiloliter Biodiesel für die Markteinführung im Jahr 2025
Biodiesel-Boost: Indonesiens Biodieselzuteilung steigt im Jahr 2025 auf 15.6 Millionen KL (im Vergleich zu 12.98 Millionen KL im Jahr 2024). Höherer Kraftstoffmix: Bis Februar 40 steigt die obligatorische Biodieselbeimischung auf 40 Prozent (B2025), mit einer möglichen Erhöhung auf 50 Prozent im Jahr 2026. Auswirkungen auf den Markt: Die politische Anpassung führte zunächst zu einem Rückgang […]
USA veröffentlichen endgültige Regeln für Steuergutschriften für sauberen Wasserstoff
Investitionsklarheit: Die endgültigen Regeln befassen sich mit wichtigen Fragen und schaffen Sicherheit für Projekte mit sauberem Wasserstoff im Rahmen des Inflation Reduction Act. Emissionsstandards über den gesamten Lebenszyklus: Legt strenge Kriterien für Treibhausgasemissionen (THG) zur Qualifizierung von Wasserstoff fest, mit Gutschriftstufen basierend auf der Emissionsintensität. Branchenfeedback integriert: Die Regeln spiegeln umfangreiche Beiträge der Interessengruppen wider […]