Avoiding Scope 3 pitfalls, nature risk exposure, and poor ESG due diligence
Google Signs Largest-Ever Corporate Fusion Energy Purchase Deal
Google announced that it has signed the largest-ever direct corporate offtake agreement for fusion energy with Commonwealth Fusion Systems (CFS), as well as an investment in CFS, aimed at supporting the CFS’ efforts to bring fusion power to the grid at scale, and the development of its first commercial plant. Fusion, the process of combining two atoms to form a…
EU Regulators Propose Integrating ESG Risks into Stress Tests for Banks, Insurers
Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs) announced the publication of new draft Joint Guidelines on ESG stress testing, setting out how banking and insurance sector authorities in the EU should integrate ESG risks into their supervisory stress tests, and aimed at harmonizing methodologies and practices among banking and insurance supervisors. The ESAs include The European…
Companies, Investors Campaign to Keep Meaningful EU Sustainability Reporting and Due Diligence Requirements
A coalition of 198 organizations, including more than 150 companies and investors, as well as dozens of service providers and sustainability-focused groups announced today the release of a joint statement, calling on European policymakers to preserve key elements of the EU’s sustainability framework, including calling to keep a greater number of companies in the scope of the CSRD sustainability reporting…
Eni, Azimut Launch €100 Million Clean Energy Tech Venture Fund
Italian energy company major Eni’s venture capital unit Eni Next announced a new strategic partnership with asset manager Azimut to accelerate the development of cutting-edge energy technologies, with the planned launch of a new venture investment fund, with a fundraising target of €100 million (USD$118 million). Set to be launched in September 2025, the European Long Term Investment Fund (ELTIF)…