The number of climate-related regulations and frameworks is increasing every day. At the same time, corporate disclosure of greenhouse gas (GHG) emissions, particularly those in line with the Greenhouse Gas Protocol (GHGP), remains poor. Of more than 6,200 companies tracked by ESG Book, less than 50% report Scope 1 emissions in line with the GHGP. Find out how ESG Book’s newly…
Court Rules KLM’s Sustainability-related Advertising was Misleading
An Amsterdam court ruled today that advertising by Dutch airline KLM containing claims about the environmental sustainability of aviation, the impact of initiatives such as the use of sustainable aviation fuels, and asking consumers to join the airline in ‘creating a sustainable future’ were misleading and unlawful. In its ruling, the court said that KLM had made environmental claims in…
Texas Pulls $8.5 Billion From BlackRock Over ESG Investing
The Texas State Board of Education announced on Tuesday the termination of an investment with BlackRock, pulling $8.5 billion in funds from the investment giant, with a statement by the Board’s Chairman Aaron Kinsey citing BlackRock’s “dominant and persistent leadership in the ESG movement.” BlackRock, as the largest global investment management company, and a leading voice in the investment community…
GRESB Launches New Suite of Sustainability Data Solutions for Real Estate Managers and Investors
Real estate and infrastructure-focused ESG data provider GRESB has announced the launch of REAL Solutions, a new planned suite of tools aimed at providing real asset managers and investors with actionable insights into the sustainability, resilience and efficiency of assets. According to GRESB, the launch of the new product suite follows a shift by investors and managers from a need…
Standard Chartered, DHL to Co-invest in Sustainable Aviation Fuel
Logistics giant DHL Express announced today a new strategic partnership with UK-based international bank Standard Chartered to co-invest in Sustainable Aviation Fuel (SAF) through DHL’s GoGreen Plus service, enabling Standard Chartered to balance its upstream logistics emissions with carbon credits. DHL’s GoGreen service provides shippers with the option of climate-neutral shipping through investments in internationally recognized climate protection projects to…