Impact News

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 […]

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 […]

The European Commission announced today a new proposed climate target, aiming to reduce net greenhouse gas (GHG) emissions across the EU by 90% by 2040, compared to 1990 levels. The new target introduces several key proposed changes from the EU’s current goals, including the ability to utilize international carbon credits to achieve a portion of […]

Oslo-based power and heat provider Hafslund Celsio announced today a new carbon removal offtake agreement with Microsoft, with the tech giant purchasing more than 1 million tons of carbon credits over ten years, to be generated by a new carbon capture project at Norway’s largest waste-to-energy plant.

The government of Norway announced a new climate target, aiming to reduce absolute economy-wide emissions by at least 70% to 75%, on a 2019 basis, by 2035. The new decarbonization goal will form Norway’s new Nationally Determined Contribution (NDC) under the Paris Agreement. NDCs are national climate action plans presented by each country under the […]

Biofuels producer EcoCeres announced today a new multi-year sustainable aviation fuel (SAF) transaction with British Airways, supplying the airline with SAF produced from waste-based biomass feedstock to help meet its sustainability goals.

The Swiss government announced a decision to pause the revision of its ordinance on climate disclosures for companies, delaying the implementation of new climate-related reporting rules for companies, including a requirement for companies to provide plans to align with Switzerland’s net zero by 2050 climate target.

This week in ESG news: UK releases new sustainability, climate reporting standards; GRI releases climate, energy reporting standards; Microsoft signs two multi-million ton carbon removal deals; EU states target bigger cuts in sustainability reporting and due diligence requirements; IFRS publishes transition plan disclosure guidance; EU’s new rules to help fund cleantech, industrial decarbonization; JPMorgan signs […]

Zwar setzen sich Unternehmen des Finanzsektors grundsätzlich mit den physischen Risiken des Klimawandels auseinander, aber es gibt noch viel Luft nach oben, zeigt eine aktuelle Untersuchung der BaFin. Insbesondere von einer vollständigen Integration ins Risikomanagement könne noch keine Rede sein.

The Singapore Business Federation (SBF), Singapore’s key business association representing over 32,000 companies, announced the release of a statement today, asking regulators to delay climate-related disclosure requirements for smaller companies, set to begin from this year, by one to two years, to give businesses more time to prepare. The statement follows the announcement early last […]