Sustainability has undergone a profound transformation over the past two decades. What began as a moral movement—rooted in reputation management and risk mitigation—has increasingly become a strategic business imperative. The latest annual report published by the UN Global Compact and Accenture[1] underlines how the business case for sustainability leadership to be at the core of a company’s strategy is stronger than…
Science Based Targets initiative Launches New Training and Certification Platform
The Science Based Targets initiative (SBTi) announced the launch the SBTi Academy, a new learning platform aimed at equipping professionals with skills to set and deliver science-based climate targets. The launch of the new hub was announced alongside the introduction of a new certification process for “SBTi Certified Experts,” aimed at confirming a skill level to help businesses to navigate…
Microsoft Invests in Low-Carbon Cement Startup Fortera to Tackle Data Center Emissions
Microsoft announced an investment in green cement manufacturer Fortera, alongside an agreement securing rights to procure low-carbon cement from the company, forming part of the tech giant’s efforts to advance technologies to address the carbon footprint of its datacenters, as well as to help advance the sustainable materials market. Cement production is a significant contributor to global greenhouse gas emissions,…
NBIM Invests $1.5 Billion in Brookfield’s Energy Transition Fund
Norges Bank Investment Management (NBIM), the investment manager for Norway’s $1.8 trillion oil fund announced a new agreement with Brookfield Asset Management, committing $1.5 billion to its latest energy transition fund, the Brookfield Global Transition Fund (BGTF II). Brookfield’s BGTF investment strategy focuses on three primary areas, including the expansion of clean energy, the transformation of companies operating in carbon-intensive…
EU Reduces GHG Emissions 37%, but Faces Growing Climate, Nature Risks: Report
The EU has made significant progress towards meeting its climate goals, including reducing greenhouse gas emissions by well over a third since 1990, despite economic growth, but continues to face growing risks to its competitiveness from climate change and environmental degradation, according to a new report by the European Environment Agency (EEA). The new publication forms part of a series…
KKR Acquires 50% Stake in $1.25 Billion North America Solar Portfolio from TotalEnergies
Alternative asset and private equity investor KKR announced an agreement to acquire a 50% stake in a portfolio of solar energy assets from TotalEnergies, in a transaction valuing the portfolio at an enterprise value of $1.25 billion. The portfolio includes six large-scale solar projects totalling 1.3 GW and 41 smaller distributed generation sites adding another 140 MW, primarily based in…
Apple Launches Project to Restore Forests, Generate Carbon Credits
Apple announced the launch of a new sustainable forest management project, investing in the restoration and protection of thousands of acres of coastal redwood forest in California. Under the project, Apple has invested in the long-term restoration and sustainable management of the Gualala River Forest in Mendocino County, California, part of a large stretch of coastal redwood forestland housing hundreds…