ESG / Impact News
European Commission Proposes Target to Reduce Emissions 90% by 2040
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 […]
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 […]
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 […]
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
Nordex Group liefert 21 Turbinen für bisher größten Windpark in Lettland
(WK-intern) – Mit einem Auftrag vom Juni punktet die Nordex Group erneut in Lettland: Das Unternehmen liefert und errichtet 21 Turbinen des Typs N163/6.X für den Windpark Pienava. Mit 147 MW ist es der bisher größte Windenergieprojekt des Landes. Pienava wurde von Eolus, einem der größten Projektentwickler von Lösungen für erneuerbare Energien in Skandinavien, entwickelt […]
Microsoft Signs Deal to Remove 1.1 Million Tons of CO2 Through Waste-to-Energy Carbon Capture
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.
Norway Sets Goal to Reduce GHG Emissions by 70% – 75% by 2035
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 […]
British Airways to Reduce Emissions by 400,000 Tonnes Through New SAF Purchase Deal
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.
Switzerland Pauses New Climate Reporting Requirements to Await Clarity on EU Omnibus
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.
Der Markt für Elektrofahrzeuge wächst weltweit, aber die Dynamik schwächt sich ab
Weltweit fast 56 Millionen Elektro-Pkw auf den Straßen: Der Markt für Elektrofahrzeuge wächst 2024 weiterhin, aber die Dynamik schwächt sich ab
ESG Today: Week in Review
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 […]
BaFin warnt: Finanzsektor berücksichtigt Klimarisiko nicht ausreichend
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.
Meta Secures Nearly 800 MW of Renewable Energy to Power U.S. Data Centers
Facebook, Instagram, and WhatsApp owner Meta and clean energy developer Invenergy announced that they have signed a series of agreements, providing Meta with nearly 800 MW of renewable energy from new wind and solar projects in the U.S. to support its operations and data center growth. Under the new agreement, electricity from four new projects […]
Singapore Companies ask to Delay Mandatory Climate Reporting for Smaller Businesses
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 […]
Climatiq Raises €10 Million to Scale Solution to Embed Carbon Data in Business Decisions
“Carbon intelligence” solutions provider Climatiq announced that it has raised €10 million (US$11.7 million) in a Series A funding round, with proceeds aimed at accelerating its AI-powered solutions to help companies integrate carbon data into their business decisions. Founded in 2021, Berlin-based Climatiq offers software infrastructure designed to embed carbon intelligence into decision-focused business tools. […]
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