As the Golden State passes groundbreaking climate disclosure laws, all eyes are on the SEC’s next move amid fierce Republican pushback to its forthcoming rules. Democrat Senator Scott Wiener likens California’s legislature to the videogame Mortal Kombat when describing the pressurised environment in which he successfully steered one of two landmark climate disclosure bills in September. “The opposition was…
Green Hydrogen Startup Electric Hydrogen Raises $380 Million
Hydrogen electrolyzer manufacturer Electric Hydrogen (EH2) announced today that it has raised $380 million with the completion of its Series C funding round, with proceeds from the financing aimed at accelerating the company’s manufacturing and deployment plans. Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly for sectors with difficult…
Austrian Airlines Found Guilty in Greenwashing Case over Carbon Neutral Flight Claims
An Austrian court ruled that Austrian Airlines AG misled the public last year when it published ads offering CO2-neutral flights that used 100% sustainable aviation fuel (SAF)., between Vienna and Venice. The greenwashing case was brought by Austria’s Association for Consumer Information (VKI). The ruling ordered the airline to publish information about the case on its social media. Sustainable aviation…
Clarity AI Launches Methodology to Build SFDR-Aligned Indexes and ETFs
Sustainability technology platform Clarity AI announcd today the launch of a new methodology, aimed at helping index and Etf providers to build and market products aligned with the EU’s Sustainable Finance Disclosure Regulation (SFDR). The EU SFDR forms part of the EU’s Action Plan on financing sustainable growth. The regulation aims to establish harmonized rules for financial market participants including…
Nissan to Launch Only All-Electric Car Models in Europe Starting Now
Nissan announced that all new models launched by the automaker in Europe going forward will be all-electric going forward, as the company aims to achieve 100% EVs in Europe by 2030. The announcement follows Nissan’s launch in 2021 of its “Ambition 2030 Vision,” which placed vehicle electrification at the core of its long-term strategy, with plans for 2 nearly $18…
EU Market Regulator Finds 4x Increase in Use of ESG Language in Fund Names
The proportion of investment funds in Europe using ESG-related terms in their find names has grown by more than 4 times over the past 10 years, according to a new study released by EU markets regulator the European Securities and Markets Authority (ESMA), as fund managers launched new ESG-related products, and changed the names of funds to incorporate sustainability-related terms….
EY, Microsoft Launch Green Skills Training Program
Global professional services firm EY and tech giant Microsoft announced today the launch of Green Skills Passport, a new free online education program aimed at equipping young people with skills to gain sustainability skills to find green jobs and pursue green economy opportunities. The new program forms part of a collaboration announced between EY and Microsoft last year aimed at…