Shell, Accenture and American Express Global Business Travel (Amex GBT) announced a series of changes to their blockchain-powered sustainable aviation fuel (SAF) book-and-claim platform, Avelia, aimed at expanding it into a broader industry solution to help scale the adoption of SAF, including opening up the platform to multiple fuel suppliers beyond Shell Aviation. Launched in 2022 with 1 million gallons…

In our “Sustainable Voices” series, we aim to talk with a diverse set of leaders tackling climate change and sustainability challenges, highlighting their journeys into the field and offering advice for others looking to take action. In this installment, we spoke with Stavros Koutsantonis, chief operating officer and managing director of agricultural investment at New Hampshire-based Conservation Resources, a private…

The European Commission announced the adoption of a series of “quick fix” amendments to the European Sustainability Reporting Standards (ESRS), delaying the addition of new requirements for large companies already reporting under the Corporate Sustainability Reporting Directive (CSRD), including new disclosures in areas including biodiversity, workers in the value chain, and Scope 3 emissions. The amendments come as the EU…

Jupiter Fund Management has snapped up CCLA Investment Management for £100m, subject to regulatory approvals. The deal will add £15bn in assets under management, run on behalf of charities, religious institutions and local authorities, when it completes before the end of 2025. CCLA will retain its brand, investment teams and client engagement model to ensure client continuity. Jupiter said in…

HSBC announced that it has decided to withdraw from the Net-Zero Banking Alliance (NZBA), following its North American peers to become the first major UK bank to exit the UN-backed coalition dedicated to advancing global net zero goals through their financing activities. Despite its departure from the NZBA, however, HSBC reiterated its commitment to pursue its net zero by 2050…