This week in ESG news: Biden vetoes Republican anti-ESG resolution; EU proposes “green claims” rules to protect consumers from greenwashing; Kering commits to emissions reduction across value chain; Microsoft signs direct air capture carbon removal deal; BlackRock to continue engaging companies on climate & emissions; Biden announces $250 million for building decarbonization; first-ever zero carbon […]
Continue ReadingTransportation decarbonization-focused clean fuel tech startup Amogy announced that it has raised $139 million, with proceeds aimed at funding the commercialization of its emissions-free ammonia-to-power technology. Founded in 2020, Brooklyn, New York-based Amogy offers ammonia-based, emission-free, high energy-density power solutions aimed at enabling the decarbonization of the heavy-duty transportation sector. The company’s technology utilizes liquid […]
Continue ReadingInvestment giant BlackRock announced the release of its Engagement Priorities for 2023, outlining the key themes identified by the firm as sources of material risk or opportunity that will form the focus of its engagements with companies this year. The release of the engagement priorities follows several months of pressure BlackRock, who, as the largest […]
Continue ReadingThe International Accounting Standards Board (IASB), the accounting standards-setting body of the IFRS Foundation, announced today the launch of a new project aimed at exploring potential changes to the requirements by companies to disclose climate-related risks in financial statements. According to the IASB, the new project follows feedback to its recent Agenda Consultation, a public […]
Continue ReadingThe Biden administration on Thursday announced $250 million in funding through the Assisting Federal Facilities with Energy Conservation Technologies (AFFECT) program aimed at helping federal agencies to implement and advance net zero building projects. The new funding announcement follows an executive order signed by President Biden in December 2021, outlining a series of goals and initiatives for […]
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Property and casualty insurance company Chubb unveiled new climate-focused underwriting criteria for oil and gas extraction projects, including making insurance coverage contingent on client adoption of evidence-based plans to reduce methane emissions. Reducing methane emissions has taken center stage in the fight to address climate change in recent years. Methane, emitted from activity such as […]
Continue ReadingBy: Peter Walsh, Director, ESG Market Strategy & Partnerships, Benchmark | Gensuite ® No matter where you turn for market news these days, you’re bound to see a headline about ESG, EHS or sustainability. Markets are maturing, investors and institutions are demanding more environmental data and intel from companies, and new acronyms abound. While some […]
Continue ReadingPrivate equity and venture capital investor EQT Group announced today a €100 million investment by its EQT Growth fund in supply chain sustainability software startup IntegrityNext. Launched by cofounders Martin Berr-Sorokin (CEO), Simon Jaehnig (CRO) and Nick Heine (COO) in 2016, Munich-based IntegrityNext provides a software platform aimed at enabling companies to build more transparent […]
Continue ReadingThe European Central Bank (ECB) announced today the publication of its first climate-related financial disclosures for its corporate sector and non-monetary policy portfolios, indicating progress towards the decarbonization of the Eurosystem’s €385 billion of corporate securities holdings. The move to begin increasing climate-related transparency forms a key part of the ECB’s climate action plan, launched […]
Continue ReadingLawmakers at the European Parliament and members of the EU Council announced today that they have reached an agreement on “FuelEU Maritime,” a new regulation mandating reductions in emissions in the maritime transport sector, with targets beginning as soon as 2025. The agreement marks another step towards the completion of negotiations for the European Commission’s […]
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