ESG News

Climate research provider and environmental disclosure platform CDP and the European Financial Reporting Advisory Group (EFRAG) announced today that they have achieved a high degree of commonality and interoperability between CDP’s disclosure platform and the EU’s recently adopted European Sustainability Reporting Standards (ESRS). The organizations added that they will continue to work together to further […]

A Dutch appeals court issued a ruling in Shell’s favor, reversing a landmark 2021 ruling holding the company responsible for greenhouse gas (GHG) emissions resulting from its customers’ use of its products, and ordering the company to dramatically reduce emissions by the end of the decade. In a statement following the ruling, Friends of the […]

Temasek-owned decarbonization solutions-focused investment platform GenZero and global commodities trading company Trafigura announced today a commitment to invest more than $100 million in Brújula Verde, a nature-based project in Colombia anticipated to produce high-integrity carbon removal credits, by restoring land degraded by intensive agricultural activities and fires. Located in Orinoco River Basin, the Brújula Verde […]

The government of Brazil announced today a new climate goal, targeting a 59% – 67% reduction in economy-wide greenhouse gas (GHG) emissions by 2035, on a 2005 basis, and highlighted key progress in the fight against deforestation, which it said has decreased by nearly a third over the past year. The new decarbonization goal, to […]

This week in ESG news: Canada to require oil & gas industry to slash emissions; California’s climate reporting law survives legal challenge; Mizuho invests in climate solutions provider Pollination; new clean energy deals signed by H&M, Meta, Saint-Gobain; incoming EU finance Commissioner calls for sustainable investment labels, reduced SFDR reporting burden; UAE to invest $54 […]

Green finance-focused not-for-profit organization NatureFinance announced today the launch of NatureAlign, a new tool designed to help financial institutions assess and progress on their alignment with nature-positive outcomes through the lens of the Biodiversity Plan (formerly the Kunming-Montreal Global Biodiversity Framework (GBF)). The first module of NatureAlign will help private financial institutions, from asset managers […]

Construction materials and services company Saint-Gobain announced today that it has signed a 20-year renewable Power Purchase Agreement (PPA) with Quebec-based clean energy company Boralex, to provide wind and solar-based energy for Saint-Gobain’s industrial operations in France from three new renewable energy projects. According to the company’s the new agreement will enable two solar power […]