Sierra Club has emphasised the importance of proxy voting tools to demonstrate climate-related ambition across states. Most US state pensions are failing to take adequate steps to address climate-related financial risks through their proxy voting guidelines and practices, according to a new report. For a second year, US NGO Sierra Club has partnered with grassroots environmental organisation Stand.earth to assess…
Salesforce, Partners Launch Energy Ratings for AI Models
CRM solutions provider Salesforce, alongside AI community platform Hugging Face, AI developer Cohere, and Carnegie Mellon University, announced today the launch of the AI Energy Score, a new benchmarking tool aimed at enabling AI developers and users to evaluate, identify, and compare the energy consumption of AI models. The new tool comes as the rapid growth of AI by companies…
Equinor Slashes Energy Transition Investment Plans
Norway-based energy company Equinor announced a substantial reduction in its renewable energy and low carbon solutions investment and development plans, citing a need to “adapt to market conditions and further strengthen value creation for shareholders.” As part of the adjustment, announced with the release of its FY 2024 results, the company said that it will slash its planned investment in…
HSBC Appoints Julian Wentzel as New Chief Sustainability Officer
HSBC announced the appointment of Julian Wentzel as its new Group Chief Sustainability Officer, according to an internal memo seen by ESG Today. Wentzel takes on the role after serving as interim Group Chief Sustainability Officer at HSBC following the departure in late 2024 of the bank’s prior CSO Celine Herweijer. Herweijer left the bank shortly after a restructuring decision…
Achilles Launches New Supply Chain Sustainability Reporting Solution
Supply chain risk and performance management solutions provider Achilles announced the launch of Achilles Analytics, a new tool aimed at enabling companies to meet increasing supply chain sustainability regulatory reporting and compliance requirements. According to Achilles, the new solution simplifies management and reporting of validated supplier data collected through the Achilles supply chain due diligence process, allowing companies to track…