ESG News

ESG Today: Week in Review

ESG Today: Week in Review

This week in ESG news: SBTi backtracks on allowing use of carbon credits in corporate net zero plans; JPMorgan appoints new global head of ESG investment banking; CBRE acquires Singapore-based sustainability advisory firm; Air New Zealand drops 2030 climate goal; GRI, TNFD launch guide to help companies reporting on nature impact using both standards; Veolia […]

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Microsoft Purchases 80,000 Tons of Carbon Removals from U.S. Forest Management Project

Microsoft Purchases 80,000 Tons of Carbon Removals from U.S. Forest Management Project

Microsoft announced the purchase of 80,000 Tons of Carbon tons of carbon removals from the Northern California-based Western Rivers Conservancy’s Blue Creek Improved Forest Management Project, facilitated by climate solutions provider 3Degrees. Managed by Oregon-based non-profit conservation organization, Western Rivers Conservancy (WRC), the project generates carbon and sustainable timber revenue, rejuvenating old-growth habitat and improving […]

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Renewables Developer Avantus Secures $522 Million to Accelerate Solar and Storage Projects

Renewables Developer Avantus Secures $522 Million to Accelerate Solar and Storage Projects

Alternative asset and private equity investor KKR announced the completion of the acquisition of a majority stake in U.S. solar and storage developer Avantus that was announced in March. Concurrently, Avantus announced it has closed on a $522 million development facility arranged by KKR Capital Markets and Sumitomo Mitsui Banking Corporation (SMBC).

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UK Sets Largest-Ever £1.5 Billion Budget for Renewable Energy Auction, Largely Targeting Offshore Wind

UK Sets Largest-Ever £1.5 Billion Budget for Renewable Energy Auction, Largely Targeting Offshore Wind

The UK government announced today that its budget for its renewable energy auction would be the largest in the country’s history, £1.5 billion (USD$1.93 billion), including £1.1 billion for offshore wind. The government said that this is an increase of £500 million, 50% more than the budget set in March and larger than all previous […]

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Mit KI gegen CO₂

Mit KI gegen CO₂

Mit KI und der Expertise des Startups aedifion nimmt BNP Paribas REIM die Dekarbonisierung seines Portfolios ins Auge. 60 Gebäude werden auf Effizienz und Nachhaltigkeit geprüft, um CO₂-Einsparungen zu realisieren. Die ersten Ergebnisse sind vielversprechend.

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ArcLight Launches North America-Focused Renewables Investment Platform with $500 Million Commitment

ArcLight Launches North America-Focused Renewables Investment Platform with $500 Million Commitment

Infrastructure-focused investment firm ArcLight announced the launch of SkyVest Renewables, a new operating focused renewables investment initiative targeting utility-scale wind and solar assets in North America. The new platform is being launched with an initial $500 million capital commitment from Arclight. According to the company, SkyVest will also augment ArcLight’s existing dedicated in-house operations resources […]

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Slightly More than Half of Execs Believe AI Will Be Net Positive to Sustainability Progress: Salesforce Survey

Slightly More than Half of Execs Believe AI Will Be Net Positive to Sustainability Progress: Salesforce Survey

Sustainability professionals are grappling with balancing the positive and negative aspects of their companies’ implementation of artificial intelligence on their climate and sustainability initiatives, with many worried about the environmental impact of the new technology, while also anticipating benefits ranging from AI’s ability to support supply chain management efforts to ESG reporting and regulatory compliance, […]

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Veolia Becomes First Company with Net Zero Goals Validated by Both SBTi and Moody’s

Veolia Becomes First Company with Net Zero Goals Validated by Both SBTi and Moody’s

France-based water and wastewater services and energy provider Veolia announced that its decarbonization targets have been approved by the Science Based Targets initiative (SBTi), and that its net zero transition plan has been rated as “Advanced” by international ratings agency Moody’s. The achievements make Veolia the first to obtain the double validation of its climate […]

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