ESG / Impact News
Tech Giants Google, Meta, Microsoft, and Salesforce Launch 20 Million Ton Nature-Based Carbon Removal Buyers Coalition
Tech Giants Google, Meta, Microsoft, and Salesforce announced today the launch of the Symbiosis Coalition, a new advance market commitment (AMC) collaboration aimed at supporting the development and growth of the nature-based carbon removal market, with a collective commitment to contract up to 20 million tons of nature-based carbon removal credits. According to the companies, […]
Studie: 80% of Companies See Sustainability as a Potential Revenue, Profitability Driver: Morgan Stanley Survey
The vast majority of companies view sustainability as a value creation opportunity, with more than three quarters anticipating potential benefits ranging from higher revenues and profitability to lower cost of capital, although many also expect increased sustainability-related costs and a need for significant investment, according to a new survey released by Morgan Stanley. For the […]
Biotech Startup Cellugy Raises $5 Million to Replace Fossil-Based Ingredients in Personal Care Products
Industrial biotech startup Cellugy announced today that it has raised €4.9 million (USD$5.3 million) in seed funding, with proceeds aimed at scaling up the production of its bio-based solution to replace fossil-based ingredients in personal care products. Founded in 2018, Denmark-based Cellugy provides fully bio-based and biodegradable alternatives to carbon-intensive petrochemicals. The company’s platform leverages […]
Climate-Focused VC ETF Partners Raises $310 Million for Sustainability Solutions Venture Fund
European sustainable venture capital firm ETF Partners announced today that it has raised €285 million (USD$310 million) at the completion of fundraising for its fourth fund. Founded in 2006, London, England-based ETF Partners invests in technology companies, supporting entrepreneurs and innovations addressing the global challenges presented by the climate crisis and enabling significant environmental impact.
Google to Recover Heat from Data Center and Distribute to Local Heating Network
Google announced today a new partnership with energy provider Haminan Energia to recover heat from its data center in Hamina, Finland, and to provide it to the local heating network. Data centers globally are responsible a growing share of climate impact, already reaching up to 2% of the world’s carbon emissions, nearly equivalent to that […]
BNP Paribas Launches New Paris-Aligned Climate ETF
BNP Paribas Asset Management (BNPP AM) announced today the launch of the BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF, a new exchange traded fund aimed at providing investors with developed and emerging markets exposure to companies with high ESG standards and with low and improving greenhouse gas emissions. Launched as […]
Holcim to Build €500 Million Plant to Produce Net Zero Cement
Building materials company Holcim announced that it has broken ground on its new GO4ZERO plant in Belgium, engineered to produce net zero cement, and supporting European decarbonization goals. Planned investment in the new plant is expected to reach over €500 million, with the facility engineered to produce 2 million tons of net zero cement annually […]
Deutsche Bank, EIB Launch Discounted Mortgage Program to Finance Climate-Friendly Homes
Deutsche Bank and the European Investment Bank (EIB) Group announced a new agreement to provide discounted mortgages aimed at promoting the construction of new climate-friendly homes and energy-efficiency modernizations of existing housing in Germany. Under the new program, the EIB Group will guarantee a €150 million mezzanine tranche in a consumer loan securitization with Deutsche […]
Diageo to Invest $110 Million to Decarbonize Flagship Guinness Brewery
Global spirits and beer company Diageo announced plans to invest over €100 million (USD$109 million) to decarbonize its flagship Guinness brewery, St. James’s Gate in Dublin, with a goal to transform the 264-year old site into one of the world’s most efficient breweries by 2030. According to Diageo, the announcement forms part of its 10-year […]
Honda to Invest $64 Billion on Electrification Strategy by 2030
Honda announced that it will significantly boost its investments to pursue its electrification strategy, outlining plans to invest 10 trillion yen (USD$64 billion) over the 10-year period through 2030, with a focus on launching new EV models and to build an integrated battery-focused electric vehicle value chain in its key markets. The new investment plans […]
UK Space Agency invests £9m to monitor climate change
The UK Space Agency has announced £9 million in funding for satellite instruments to monitor climate, its largest investment into an early-stage technology programme. The investment will support 12 projects delivered by the Centre for Earth Observation Instrumentation (CEOI), monitoring the Earth’s atmosphere and taking measurements of critical emissions including carbon dioxide, methane and nitrogen […]
ESG Today: Week in Review
This week in ESG news: LEGO Group ties bonuses for all employees to climate goals; EU issues final rules for funds using ‘sustainability,’ ‘ESG’ names; Microsoft signs reforestation-based carbon removal megadeal; Deloitte survey finds Gen Zs and millennials increasingly consider sustainability in consumption and employment decisions; ERM & Workiva partner on sustainability reporting solutions; EU […]
Normative Launches New Tools to Plan Carbon Reduction Actions, Integrate Supplier Emissions Data
Carbon accounting software provider Normative announced that it has launched a new suite of features on its enterprise carbon platform, aimed at enabling businesses to set and plan emissions reduction strategies, and to integrate supplier emissions data and forecasts into supply chain decarbonization plans. According to Normative, the new features aim to address the need […]
Masdar eyes green hydrogen boom to beat 2030 target
Abu Dhabi company expects green hydrogen to become a cheaper, in-demand future fuel. Abu Dhabi clean energy company Masdar is hoping to beat a 2030 green hydrogen target in a boom fuelled by new technology and the race to cut emissions, The National has been told. Faye Al Hersh, Masdar’s head of business development for […]
How AI is helping to increase plastic recycling rates in the UAE and across the world
Currently, only 9 per cent of plastic is recycled but better ways to sort waste could lead to improvements. While awareness of the environmental problems caused by plastic waste is growing, there is no sign that the amount being produced globally is decreasing – in fact, quite the opposite is true. About 2.3 million tonnes […]
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