La Banque Postale and its subsidiaries, LBP AM and CNP Assurances, announced today the launch of a €1 billion impact infrastructure debt fund, aimed at financing energy transition-focused projects in Europe. According to La Banque Postale, the new impact debt fund, classified as Article 8 under the SFDR regulation, will provide long-term support for projects that make a substantial contribution…
Climate solutions-focused investment business Just Climate announced announced the launch of its new Natural Climate Solutions (NCS) strategy, aimed at directing capital at scale globally to businesses focused on natural climate solutions, generating the highest climate impact as well as attractive financial returns. Founded in October 2021 by Generation Investment Management, a sustainability-focused investment firm chaired by former U.S. Vice President Al…
The LEGO Group announced today the appointment of Annette Stube, currently serving as Head of Sustainability at Stora Enso, as its Chief Sustainability Officer. She will assume her new role at LEGO Group on January 1, 2024, reporting to CEO Niels B Christiansen. In a separate announcement today, LEGO Group confirmed recent media reports that it has dropped its plans…
The European Commission announced the adoption of a series of measures aimed at fighting microplastics pollution, including banning the sale of a broad series of products to which microplastics have been added, including cosmetics, detergents and toys. Microplastics are often added to many products due to their applicability as filler, providers of texture, or as emulsifying agents, although they often…
Chemical company LyondellBasell today announced the launch of its +LC (Low Carbon) solutions, a new range of chemicals produced using recycled and renewable feedstock that manufacturers can use to make their products more sustainable and help them meet emissions goals. LyondellBasell is among the world’s largest producers of polymers including propylene oxide and its derivatives including propylene glycol, propylene glycol…
Business sustainability ratings provider EcoVadis announced today the launch of the the EcoVadis Product Carbon Footprint (PCF) Data Exchange, a new feature in its Carbon Action Module solution, aimed at enabling companies to more precisely track product-level greenhouse gas emissions. According to EcoVadis, the new feature aims to address one of the key barriers to companies’ carbon reduction strategies, enabling…
French President Emmanuel Macron unveiled the country’s “ecological plan” to cut greenhouse gas (GHG) emissions by 55% by 2030, compared to 1990 levels, in line with the EU’s interim climate goals. According to the President’s presentation of the plan, reaching the 2030 goal will require a major acceleration in the country’s GHG emissions reduction progress, ramping to 5% per year…
CBRE Group, one of the world’s largest commercial real estate services and investment firms, has announced a strategic partnership with carbon accounting software provider Emitwise, aimed at enabling CBRE to collect greenhouse gas emissions data from its supply chain, and to provide its suppliers with carbon accounting capabilities. CBRE said that it will also make a strategic investment in Emitwise…
The U.S. Securities and Exchange Commission (SEC) announced on Monday that it has charged Deutsche Bank’s investment arm DWS, one of the largest asset managers in Europe, over misleading statements the firm made regarding its ESG investment process. DWS has agreed to a $19 million fine to settle the charges, marking the largest-ever greenwashing penalty imposed on an asset manager…