Hurricane Beryl, which knocked out power to almost 3 million homes in Texas this week, is just one more illustration that the frequency and intensity of these tropical storms and hurricanes have been increasing. The science regarding extreme weather is clear: Climate change is the main reason. The effects of global warming on weather patterns, sea levels, and atmospheric conditions…
NLine Energy Raises $11 Million to Drive Expansion of Industrial Clean Energy Tech
Clean energy technology company NLine Energy announced that it has raised $11 million, with proceeds aimed at expanding its business helping commercial and industrial facilities to decarbonize in North America and internationally. Founded in 2010 with an initial focus on developing small hydropower projects, Oregon, U.S.-based NLine Energy provides technology aimed at converting wasted energy found in steam distribution systems…
KPMG Launches New Climate Reporting Resources Hub
Global professional services firm KPMG announced today the launch of Clear on Climate Reporting, a new digital hub aimed at helping companies provide reporting to investors and regulators on the financial implications of climate-related risks and opportunities on their businesses. According to KPMG, the new hub is being launched as companies are seeing greater climate change-drive broader stakeholder scrutiny of…
Amazon Launches Free Climate Solutions Platform to Help Decarbonize Supply Chain
Amazon announced the launch of the Sustainability Exchange, a new platform offering free access to sustainability tools and resources used by the company to decarbonize its operations, aimed at sharing its learnings and experiences to help other companies – particularly those in its supply chain – to address their climate footprint. The launch of the new platform follows Amazon’s co-founding,…
Amazon to Require Key Suppliers to Provide Decarbonization Plans
Amazon announced that it has set climate-related expectations for key suppliers, including providing decarbonization plans, and that it will prioritize working with suppliers committed to reaching net zero, as part of the company’s efforts to tackle its value chain emissions. The new requirements form part of Amazon’s initiatives to reach its goal to achieve net zero carbon emissions by 2040….
Green Economy Outperforms Global Market Over Past 10 Years, Second Only to Tech: LSEG
The market for environmental and climate solutions, or “Green Economy” has grown substantially faster than the broader market, both in terms of revenue and valuation, and if treated as a standalone sector, has outperformed all other industries except for the technology sector over the past ten years, according to a new study released by the London Stock Exchange Group (LSEG)….
Guest Post – Mixed Messages: Making Sense of Today’s Proxy Landscape
By: Jamie C. Smith, EY Americas Center for Board Matters Investor Outreach and Corporate Governance Specialist Investors are continuing to hold fast to their conviction that environmental and social factors can materially impact long-term financial value. Heading into the 2024 proxy season, nearly all – 98% − of the 50 investor stewardship leaders representing $50 trillion in assets under management…