Investor Coalition for Equal Votes finds financial disadvantage in dual-class shares, as regulation on shareholder rights mooted at London conference. A US$2.5 trillion pension fund coalition has called for the phase out of unequal voting rights for shareholders at companies, as concerns were raised at this week’s Pensions and Lifetime Savings Association (PLSA) ESG conference on the level of influence…
Nasdaq Launches AI-Powered ESG Data Platform
Capital markets technology and exchange company Nasdaq announced today the launch of Nasdaq Sustainable Lens, a new AI-powered SaaS platform aimed at helping companies and investors to navigate and utilize ESG data from across thousands of companies. According to Nasdaq, the new platform provides users access to more than 9,000 companies’ documents, enabling them to summarize sustainability-related disclosures and credibly…
American Airlines Signs Carbon Removal Agreement with Cleantech Startup Graphyte
Carbon removal startup Graphyte today announced that American Airlines will be its inaugural customer, with the purchase of 10,000 tons of permanent carbon removal to be delivered in early 2025. Graphyte utilizes a Carbon Casting approach to carbon removal, which dries and compresses biomass–such as residues from timber and farming operations–into dense carbon blocks, protected by an environmentally-safe, impermeable polymer…
Dow to Build $6.5 Billion Net Zero Chemical Plant in Canada
Chemicals and materials science giant Dow announced its decision to move forward on Fort Saskatchewan Path2Zero, a $6.5 billion project to build the world’s first net zero Scope 1 and 2 emissions ethylene plant in Alberta, Canada. The project will see Dow build a new ethylene cracker and increasing polyethylene capacity by 2 million metric tons annually (MTA), as well…
Companies Only Partly Ready for New IFRS Climate Reporting Standards: EY Survey
Companies globally are making progress with their climate disclosures, both in terms of the number of businesses reporting on climate-related factors and the quality of the reporting, according to a new study released by global professional services firm EY, although the improvements are only “marginal,” and significant work remains to prepare for reporting against the new sustainability disclosure standards released…
Virgin Atlantic Completes First Ever 100% SAF-Powered Transatlantic Flight on Commercial Airliner
A consortium led by Virgin Atlantic announced the successful completion of Flight100, the first ever transatlantic flight by a commercial airline using 100% sustainable aviation fuel (SAF). The flight, conducted on a Boeing 787 using Rolls-Royce Trent 1000 engines, originated in London’s Heathrow Airport, and landed at JFK Airport in New York on Tuesday evening, with Virgin Atlantic founder Richard…