When the outgoing chair of Aberdeen Group, Sir Douglas Flint, said financiers had made a “huge mistake” by claiming they could “save the world”, it made headlines. The ex-HSBC chair’s speech was quoted in the national press after he addressed a City of London conference at the end of last month. He told his audience fund managers had come to…
Google Signs Largest-Ever Corporate Hydropower Deal with Brookfield
Brookfield Asset Management and its clean energy platform Brookfield Renewable announced today the launch of a new Hydro Framework Agreement (HFA) with Google, for the delivery of up to 3,000 MW of carbon-free hydroelectric capacity to power Google’s operations across the U.S. The deal marks the largest-ever corporate clean power deal for hydroelectricity. Under the new agreement, Google will have the…
Benchmark Gensuite Launches New Solution to Measure, Address Climate Risks in Operations and Supply Chains
Environmental Health & Safety (EHS) and sustainability platform provider Benchmark Gensuite announced the launch of its new Sustainability and Climate Risk Management Solution, a new software solution aimed at enabling companies to identify, quantify, and mitigate climate-related risks across global operations and supply chains. The new solution was launched in partnership with GIST Impact, a provider of data and analytics…
DHL Signs Deal with Neste for Over 9 Million Liters of Sustainable Aviation Fuel for Singapore Flights
International express service provider DHL Express, and renewable fuels producer Neste announced today a new agreement for the supply of 7,400 metric tons (9.5 million liters) of sustainable aviation fuel (SAF) to be delivered over the next year to power DHL’s international cargo flights from Singapore. The deal marks one of the largest SAF agreements for the air cargo industry…
UK Drops Plans for Sustainable Finance Taxonomy
The UK government announced today that it has decided not to proceed with its plans to develop and implement a UK Green Taxonomy, its proposed classification system for categorizing climate and environmentally sustainable economic activities, and one of the key parts of its sustainable finance framework. According to a statement released by the UK finance ministry, HM Treasury, the move to…
The Bank That Broke Rank: What HSBC’s Net-Zero Exit Means for the Financial Sector
HSBChas officially withdrawn from theUnited Nations(UN)-backedNet-Zero Banking Alliance (NZBA), becoming the first major UK bank to do so. This decision has sparked debate across the financial world — is this a step toward climate pragmatism, or a retreat from accountability? As more banks question the value of collective climate commitments, the rise of AI in sustainability could reshape the net-zero…