This week in ESG news: Google acknowledges moonshot climate goals “getting harder” to reach; Amazon signs 2 million ton nature-based carbon removal deal; EU regulators propose Taxonomy simplification measures; Companies still struggling to quantify impact of sustainability risks and opportunities;…
Sustainable infrastructure investor Actis announced the acquisition of Klara Renewables, a 171 MW operating onshore wind portfolio in Poland, from private markets investment manager CVC’s infrastructure strategy CVC DIF. The transaction marks Actis’ entry into the Polish market and the…
Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs) each announced the release of a series of proposals aimed at simplifying disclosure requirements and reducing the reporting burden for companies, asset managers, banks and insurers under the EU…
Alternative asset manager KKR and South Korean industrial conglomerate SK Group announced the launch of a new renewable energy platform valued at KRW 2 trillion (USD$1.3 billion), creating Korea’s largest renewable energy business, and aimed at addressing Korea’s surging clean-power demand…
Amazon announced a multi-year agreement to purchase nearly 2 million tonnes of carbon removal credits from a nature restoration project in South Africa, with the company’s investment enabling the expansion of one of the largest carbon removal projects in the…
A significant majority of executives report that have a strong understanding of their companies’ sustainability strategies, yet fewer than one in five companies currently use robust methodologies to quantify the financial impact of sustainability on value creation and future performance,…
Brookfield Asset Management and fuel cell technology provider Bloom Energy announced a major expansion in their partnership, with Brookfield committing $25 billion to finance the deployment of Bloom’s fuel cell technology to support the power needs of AI infrastructure globally.…
Crédit Agricole CIB announced the launch of Smart Platform Assisted SustainablE (SPASE), a new AI-powered ESG-linked trade finance solution aimed at enabling companies to assess ESG performance across suppliers, products and trade flows. According to Crédit Agricole CIB, the new…
Climate research provider and environmental disclosure platform CDP announced the appointment of Beth Thoren as CEO of the CDP Foundation, the new charitable foundation focused on driving strategic principles for environmental disclosure. The appointment follows the announcement last month of a major restructuring of CDP,…
Danish development finance institution Impact Fund Denmark announced the final close of SDG Fund II, securing DKK 5 billion (USD$760 million) in commitments for its blended finance fund focused on backing private-sector businesses advancing the UN Sustainable Development Goals (SDGs)…