Impact News

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 […]

The UAE will invest up to AED200 billion (USD$54.5 billion) in order to meet its targets to significantly increase clean energy capacity and production over the next several years and to progress towards its 2050 climate goals, according to a statement by Suhail Al Mazrouei, Minister of Energy and Infrastructure.