ESG News

EU Launches Major Simplification of Sustainability Taxonomy to Ease Compliance Burden on Companies

EU Launches Major Simplification of Sustainability Taxonomy to Ease Compliance Burden on Companies

The European Commission announced the adoption of a series of measures aimed at simplifying the application of the EU Taxonomy, and reducing the administrative burden on companies, including dramatically reducing the number of datapoints in the taxonomy’s reporting templates, and exempting companies from assessing taxonomy alignment for non-material activities.

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ESG Today: Week in Review

ESG Today: Week in Review

This week in ESG news: European Commission’s new 2040 climate target includes carbon credits; Microsoft signs new 1 million ton+ carbon removal deal; companies, investors campaign to keep EU sustainable reporting rules intact; JPMorgan tokenizes carbon credits; Nestlé scales program to boost cocoa supply chain sustainability; EU Commission confirms anti-greenwashing law has not been withdrawn; […]

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186 Fonds akzeptieren die neuen ESG-Regeln, 53 geben lieber auf

186 Fonds akzeptieren die neuen ESG-Regeln, 53 geben lieber auf

Laut FMA sind österreichische Investmentfonds nach Marktturbulenzen im 1. Quartal im Minus. Die strengen neuen ESG-Regeln werden mehrheitlich akzeptiert – oder es wird umgesattelt. Die Turbulenzen an den weltweiten Finanzmärkten haben im ersten Quartal des Jahres 2025 einen Rückgang des verwalteten Vermögens der österreichischen Investmentfonds um 1,2% bzw. €2,8 Mrd. auf insgesamt €227,8 Mrd. bewirkt, […]

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Phlair, Carbon Removal to Develop Largest DAC Carbon Removal Project in Europe

Phlair, Carbon Removal to Develop Largest DAC Carbon Removal Project in Europe

Direct air capture (DAC) technology company Phlair and project developer Carbon Removal, via its subsidiary NorDAC Kollsnes AS, announced a new agreement to build Europe’s first large-scale DAC carbon removal and geological storage project in Øygarden, Norway. The plant will be located next to the Northern Lights carbon transportation and storage project in Norway, with […]

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ISSB Kicks Off Update of Sector-Focused SASB Sustainability Reporting Standards

ISSB Kicks Off Update of Sector-Focused SASB Sustainability Reporting Standards

The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced today the publication of new exposure drafts, focused on proposed amendments to its sector-focused SASB sustainability reporting standards. The Sustainability Accounting Standards Board (SASB) was founded in 2011 with a mission to establish industry-specific ESG disclosure standards for companies, designed to enable investors to assess the […]

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UBS Raises $100 Million for SDG-Focused Blended Finance Fund

UBS Raises $100 Million for SDG-Focused Blended Finance Fund

UBS announced that the SDG Outcomes Fund, developed by its philanthropy-focused platform UBS Optimus Foundation and impact specialist Bridges Outcomes Partnerships (BOP) has raised $100 million in commitments at its final close, reaching the initial fundraising target for the blended finance fund. The final close of the fund included an $18 million anchor commitment from […]

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Mehr Photovoltaik aufs Feld, weniger aufs Dach

Mehr Photovoltaik aufs Feld, weniger aufs Dach

EEG sieht festen Quoten vor Dazu wäre eine Gesetzesänderung erforderlich. Im Erneuerbare-Energien-Gesetz (EEG) ist festgelegt, dass die Hälfte des Photovoltaik-Ausbaus auf Gebäuden stattfinden soll, die andere Hälfte auf Freiflächen. Der Ausbau der Photovoltaik ist in den vergangenen Jahren rasant fortgeschritten. Waren 2020 in Deutschland Photovoltaik-Anlagen mit einer Leistung von 54 Gigawatt (GW) in Betrieb, so […]

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Low Carbon Building Materials Provider Terra CO2 Raises $124 Million

Low Carbon Building Materials Provider Terra CO2 Raises $124 Million

Sustainable building materials provider Terra CO2 announced that it has raised $124.5 million a Series B financing round, with proceeds to be used by the company to build out its commercial facilities to produce low-cost materials for low-carbon cement. Founded in 2016, Colorado-based Terra provides high performance and environmentally sustainable solutions for the global construction […]

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Allianz Commercial Launches Data and Consulting Platform to Assess and Manage Climate Risks

Allianz Commercial Launches Data and Consulting Platform to Assess and Manage Climate Risks

Insurance and investment group Allianz’s commercial insurance unit, Allianz Commercial, announced the launch of Climate Adaptation & Resilience Services (CAReS), a new platform aimed at enabling companies to identify and mitigate climate risk exposures facing their businesses. According to Allianz Commercial, the new platform comes as businesses face growing climate risk management challenges, with climate […]

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Climeworks Raises $162 Million to Scale Carbon Removal Solutions

Climeworks Raises $162 Million to Scale Carbon Removal Solutions

Zurich-based Carbon removal solutions provider Climeworks announced today that it has raised $162 million in a new equity funding round, with proceeds from the financing aimed at further developing its direct air capture (DAC) technology to reduce the cost of removals, and to expand its carbon removal portfolio service. Founded in 2009 by Christoph Gebald […]

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Nokia Ties Terms of New €1.5 Billion Debt to Performance Towards Value Chain Emissions Goals

Nokia Ties Terms of New €1.5 Billion Debt to Performance Towards Value Chain Emissions Goals

Telecommunications and networking technology company Nokia announced that it has signed a new €1.5 billion multicurrency revolving credit facility, with pricing on the new debt tied to its performance towards its Scope 1, 2 and 3 greenhouse gas emissions goals. The new credit facility marks the latest in a series of sustainability-linked financing instruments for […]

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ESG-Reporting unter neuen Vorzeichen

ESG-Reporting: Das sagen deutsche CFOs

Die Studie „ESG-Reporting: Das sagen deutsche CFOs“ des Deutschen Aktieninstituts und der Wirtschaftsprüfungsgesellschaft EY benennt konkrete Vorschläge für eine Überarbeitung der EU-Standards für die Nachhaltigkeitsberichterstattung (ESRS). Dazu gehören: eine deutliche Reduktion der Datenpunkte klare und verständliche Berichtsvorgaben eine bessere Abstimmung mit internationalen Standards wie den ISSB-Standards mehr Flexibilität bei der EU-Taxonomie

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