The Revenue Support Mechanism Bill and a 2% mandate on sustainable fuels could propel the country into a leading position. Industry experts have welcomed the ambition displayed by the UK government with the introduction of measures to support and accelerate the production of sustainable aviation fuel (SAF). Last month, the new Labour government unveiled two pieces of legislation. The first…
Goldman Sachs Asset Management Exits Climate Action 100+
Goldman Sachs Asset Management has ended its participation in Climate Action 100+, a climate-focused investor network focused on engaging with companies to reduce their greenhouse gas emissions and implement climate transition plans, joining several other investment manager departures as political pressure on group participants builds in the U.S. In a statement provided to ESG Today, a Goldman Sachs spokesperson said:…
Standard Chartered Rolls Out ESG-Linked Cash Accounts for Corporate Clients
International banking group Standard Chartered announced the launch of a new ESG-linked cash account, enabling corporate clients to be rewarded, through the credit balance interest rate or fee pricing, for meeting material ESG-related targets. The new ESG-linked cash account forms the latest in a series of sustainability-focused Transaction Banking Cash solutions by Standard Chartered, which also includes the Sustainable Account,…
Battery Tech Startup Gaussion Raises $12 Million to Scale Rapid Charging Solution
EV battery-focused tech startup Gaussion announced today that it has raised $12 million in a Series A funding round, with proceeds aimed at advancing its technology to significantly enhance battery performance and enable much faster charging. Founded by Dr Thomas Heenan and Dr Chun Tan, University College London (UCL) spinoff Gaussion provides technology to upscale the performance and viability of…
Rio Tinto, BHP, Qantas Invest $53 Million in New Nature-Based Carbon Credit Fund
Carbon assets and investment manager Silva Capital announced today the launch of the Silva Carbon Origination Fund, aimed at providing access to large-scale, high-integrity carbon credits from nature-based projects in Australia targeting reforestation and sustainable agriculture. Alongside the launch, Silva announced the first close of the fund, with mining companies Rio Tinto and BHP and airline company Qantas collectively committing…
Microsoft Unveils New Multi-Framework ESG Reporting Solution
Microsoft announced Project ESG Reporting, a new tool aimed at enabling companies to create, review and approve ESG reports across multiple standards and frameworks. According to Microsoft, the new solution, currently in preview, was designed to help organizations solve the challenge of reporting against a variety of voluntary and regulatory reporting frameworks. In a post announcing the launch of Project…