ESG / Impact News
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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.
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