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Microsoft Purchases 80,000 Tons of Carbon Removals from U.S. Forest Management Project

Microsoft Purchases 80,000 Tons of Carbon Removals from U.S. Forest Management Project

Microsoft announced the purchase of 80,000 Tons of Carbon tons of carbon removals from the Northern California-based Western Rivers Conservancy’s Blue Creek Improved Forest Management Project, facilitated by climate solutions provider 3Degrees. Managed by Oregon-based non-profit conservation organization, Western Rivers Conservancy (WRC), the project generates carbon and sustainable timber revenue, rejuvenating old-growth habitat and improving the health of the Blue…

CBRE Acquires Singapore-Based Sustainability Advisory Firm Paia Consulting

CBRE Acquires Singapore-Based Sustainability Advisory Firm Paia Consulting

Commercial real estate services and investment firm CBRE announced today the acquisition of Singapore-based sustainability advisory firm Paia Consulting, with the transaction aimed at significantly expanding CRBE’s sustainability offerings for occupier and investor clients. Founded in 2002, Paia provides advisory services aimed at helping companies assess ESG risks and opportunities, and implement sustainable solutions, with a focus on sustainability strategy,…

Indonesia Nickel “Riddled” in Social, Environmental Harms

Increased due diligence and risk mitigation across global EV companies’ supply chains is paramount, the BHRRC insists.   The manufacture of electric vehicle (EV) batteries in Indonesia is riddled with human rights and environmental abuses, according to new research by the Business & Human Rights Resource Centre (BHRRC).  The report highlighted human rights and environmental allegations linked to some of the…

The Road to CSO Success

Author Anna Krotova explains how chief sustainability officers can successfully anchor their function within the core operations of an organisation. With the EU’s Corporate Sustainability Reporting Directive (CSRD) coming into effect this year, many of the 50,000 in-scope companies will be looking to hire or appoint a sustainability lead or chief sustainability officer (CSO). Anna Krotova, co-author of ‘How to…

Goldman Sachs Invests $440 Million in Renewables Platform BrightNight

Goldman Sachs Invests $440 Million in Renewables Platform BrightNight

Goldman Sachs Asset Management’s alternative investments platform Goldman Sachs Alternatives announced today a $440 million strategic investment in renewable power company BrightNight, with proceeds aimed at supporting the company’s independent power producer (IPP) business model and the buildout of its utility-scale portfolio across the U.S. Teresa Mattamouros, Managing Director in Infrastructure at Goldman Sachs Alternatives, said: “Demand for renewable energy…

Sustainable Bond Issuance Could Grow to $1 Trillion in 2024 Despite Sharp Q2 Slowdown: Moody’s

Sustainable Bond Issuance Could Grow to $1 Trillion in 2024 Despite Sharp Q2 Slowdown: Moody’s

Global issuance of labelled sustainable bonds – including green, social, sustainability, sustainability-linked, and transition bonds – declined sharply in the second quarter of 2024, as fewer new issuers entered the market and issuers contend with regulatory scrutiny, according to a new report released by Moody’s Ratings. Despite the decline, however, Moody’s notes that the sustainable bond market remains on track…

GAM Enhances Sustainability Efforts with New Role

Katherine Roach will take on the firm’s expanded sustainability lead position, augmenting the work of outgoing CSO Stephanie Maier. Swiss asset manager GAM Investments has appointed Katherine Roach to the newly created position of Global Head of Sustainability and Investments Business Management, as part of wider efforts to advance its sustainability and responsible investing practices. This is an expansion of…