Microsoft released its 2026 Environmental Sustainability Report, revealing a significant jump in the tech giant’s GHG footprint, with emissions rising 25% over the prior year, driven by an accelerating AI infrastructure buildout, as well as a shift in the company’s clean energy strategy away from the use of non-additional renewable energy certificates and towards the development of new carbon-free energy…
UAE-based clean energy-focused developer Masdar announced that it has secured a $5.1 billion financing package, reaching financial close to build one of the largest solar and battery storage projects in the world, capable of delivering 1GW of continuous clean power. Described by Masdar as the world’s first gigascale 24/7 renewable energy project, the new Abu Dhabi-based RTC project will include a…
This week in ESG news: EU Commission adopts finalized CSRD and voluntary sustainability reporting standards; Google, McKinsey, Tencent sign large-scale nature-based carbon removal deals; 3M’s new Chief Sustainability Officer; EU lawmakers vote to expand CBAM carbon import tax; Canada looks to include oil and gas-related investment in sustainable finance taxonomy; Starbucks says it is “reassessing” its 2030 climate target; ECB…
Private equity and venture capital investor EQT Group announced the acquisition of U.S. power and AI infrastructure development platform Copia Power from private capital investment firm The Carlyle Group. Carlyle launched Copia in 2021, with the acquisition of a 6 GW U.S. solar and storage development pipeline from energy developer and operator Tenaska, with a focus on using the platform…
Sustainability and business risk software company ESG Playbook announced the launch of Essential Worksheets and Premium Modules, two new sustainability reporting product tiers targeted at small and mid-sized businesses. According to ESG Playbook, the new solutions come as smaller businesses are looking for practical ways to begin reporting, with stakeholders ranging from investors and lenders to insurers, and customers increasingly…
Brazil-based meat giant JBS Foods, the largest global producer of beef and poultry, revealed that it has retired its goal to achieve net zero emissions across its value chain by 2040, and replaced it with goals that no longer include Scope 3 emissions, which account for the vast majority of its greenhouse gas (GHG) footprint. In a post accompanying the…
Circular fashion marketplace startup Fleek announced that it has raised $25 million in a Series B funding round, with proceeds to be used to develop AI-powered technology enabling the second-hand fashion industry scale to meet growing demand. Founded in 2021 by Abhi Arora and Sanket Agarwal, London-based Fleek operates a B2B secondhand fashion marketplace and develops AI tools designed to…