LA Clippers Partner with Green Finance Company Aspiration on the First Climate Positive Arena

The LA Clippers announced today a multi-year partnership with Aspiration Partners on the construction of the Intuit Dome, the first climate positive arena, set to house the team beginning in the 2024-2025 NBA season.

The deal, reported by CNBC to be in excess of $300 million, will see Aspiration become the first Founding Partner of the dome. Aspiration will receive physical and digital signage elements with the deal, and will become the presenting partner of the Clipper Nation MVP Program targeting season ticket holders.

Continue Reading
Posted On :

EIB Backs ArcelorMittal’s Activities to Decarbonize Steelmaking

The European Investment Bank (EIB) Group announced today a €280 million loan granted to steel and mining company ArcelorMittal, aimed at supporting the company’s climate goals through reducions in the environmental footprint of its manufacturing facilities, steel products and technological solutions. The loan is backed by the European Fund for Strategic Investments’ (EFSI Investment Plan for Europe.

Steelmaking is one of the biggest emitters of CO2 globally, with total greenhouse gas emissions (GHG) from the sector accounting for between 7% and 9% of direct emissions from the global use of fossil fuels. Given steel’s heavy dependence on coal, it is also one of the most challenging sectors to decarbonize. While several initiatives have emerged recently to help address the impact of steel, most commercially viable alternatives are still at an early stage.

Continue Reading
Posted On :

Hannon Armstrong Establishes First Green Commercial Paper Program in U.S.

Climate-change solutions investor Hannon Armstrong announced today the establishment of the $100 million CarbonCount Green Commercial Paper Note Program, the first green commercial paper program in the United States, with proceeds targeting green infrastructure projects, and providing transparency into the emissions avoided through the projects.

According to the company, eligible projects for investment include “Behind-the-Meter” distributed building or facility projects, which reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements such as HVAC systems, lighting, energy controls, roofs, windows, building shells, or combined heat and power systems; “Grid-Connected” projects that deploy cleaner energy sources, such as solar and wind to generate power where the off-taker or counterparty is part of the wholesale electric power grid, and; “Sustainable Infrastructure” projects that improve water or energy efficiency, increase resiliency, positively impact the environment, or more efficiently use natural resources.

Continue Reading
Posted On :

New Carbon Intensity Calculations from Platts Provide Transparency into Emissions Footprint of Major Oil Fields

Energy and commodities markets information, benchmark and analytics provider S&P Global Platts announced today the launch of new products aiming to provide transparency into the emissions attributes into the carbon footprint of oil and gas production, including monthly carbon intensity calculations for 14 major crude fields around the world, and the first ever daily carbon offset premiums.

Deb Ryan, Head of Low Carbon Market Analytics at S&P Global Platts, said:

Continue Reading
Posted On :

NTAM’s FlexShares Continues Europe Expansion with Launch of ESG & Climate-Focused Emerging Markets ETFs

FlexShares Exchange Traded Funds, sponsored and managed by global investment manager Northern Trust Asset Management, announced today the launch of the FlexShares Emerging Markets High Dividend Climate ESG UCITS ETF (QDFE) and the FlexShares Emerging Markets Low Volatility Climate ESG UCITS ETF (QVFE), two new emerging markets climate and ESG-focused exchange traded funds.

The launch marks the continuation of FlexShares’ ESG-focused expansion into Europe, following the firm’s entry earlier this year into the European market with a pair of developed market climate-focused ETFs.

Continue Reading
Posted On :

ESG Today: Week in Review

This week in ESG news: Unilever asks suppliers to get on board on climate action; UK’s inaugural sovereign green bond draws big investor demand; Salesforce launches updated Sustainability Cloud carbon tracking platform; SBTi says most company climate commitments are not science-based; JPMorgan avoids 2M tons of emissions through green bond investments; U.S. Bank rolls out full service ESG finance practice; $10 trillion investor coalition launches engagement initiative for companies to address physical climate risk; Marriott commits to net zero emissions goal; major investors support proposed EU sustainability reporting rules, and more.

See below for the highlights of the past week, and get all your ESG news at ESG Today:

Continue Reading
Posted On :

DuPont Advances Progress on Climate Goals with 135 MW Deal with NextEra

Chemical giant DuPont announced today a deal to source 135 megawatts of renewable energy, helping the company move closer to its climate goals, through a new virtual power purchase agreement (VPPA) with a subsidiary of electricity supplier NextEra Energy Resources.

The VPPA will deliver the equivalent of 135 megawatts of new wind power capacity or approximately 528,000-megawatt hours (MWh) of renewable electricity annually from the Appaloosa Run Wind being developed by NextEra in Upton County, Texas. The project is expected to be operational by the end of 2022.

Continue Reading
Posted On :

Unilever Asks Suppliers to Slash Emissions in Half by 2030

Global consumer brands company Unilever announced today the launch of the Unilever Climate Promise, an invitation for its suppliers to set a public target to halve absolute GHG emissions by 2030.

The Unilever Climate Promise is open to all of the company’s 56,000 suppliers and it asks willing companies to reduce GHG emissions by 50% by 2030, report openly on their progress, and share their emissions and footprint data with the company.

Continue Reading
Posted On :

Investor Group Outlines Expectations for Companies to Identify, Manage and Report Physical Climate Risks

Identify 50 highly exposed companies for initial engagement

A group of 50 global investors, representing assets of $10 trillion, announced the publication of a set of expectations for companies in order to demonstrate that they are adequately addressing the physical risks such as such as flooding, droughts and wildfires, as well as opportunities, arising from climate change.

Produced by the Institutional Investors Group on Climate Change (IIGCC) in August 2021 with lead authors from AustralianSuper and Environment Agency Pension Fund, the publication includes expectations regarding the governance, assessment, management, and disclosure of physical climate risks and opportunities, and outlines the steps that companies could take to assess physical climate risks, develop a strategy for building climate resilience, and identify opportunities to provide adaptation solutions.

Continue Reading
Posted On :