Impact data company Upright announced the launch of a new double materiality assessment (DMA) tool, capable of providing companies with real-time DMAs, including clarity on key impacts, risks, and opportunities, using just a company URL. Upright said that it is offering the new tool free of charge, with organizations that have advanced sustainability reporting assurance needs able to upgrade to access…

Facebook, Instagram, and WhatsApp owner Meta and Engie North America announced that they have signed new purchase power agreements (PPAs), including a PPA which will see Engie supplying 100% of the energy produced from its largest-ever solar project to power Meta’s data center operations in Texas. The new agreement will increase the overall scale of the commercial relationship between the…

European asset manager Amundi announced that it has been selected by a coalition of UK Higher Education Institutions (HEIs), led by the University of Cambridge, to launch a cash fund that excludes companies contributing to fossil fuel expansion globally. According to Amundi, the new fund will exclude fossil fuel companies, as well as utilities, banks, insurers, and other companies that…

The UK Government introduced its finalized law to regulate ESG ratings providers in Parliament, with the new legislation bringing the providers under the supervision of the Financial Conduct Authority (FCA). The new legislation follows a call by securities regulator standards setter IOSCO in 2021 for regulators to focus on improving transparency in the ESG ratings and data space, and to…