Aerospace giant Airbus and airline company Cathay Group announced the launch of a new co-investment partnership aimed at scaling sustainable aviation fuel (SAF), and including a joint investment of up to $70 million to accelerate the development of SAF production in Asia and globally. Fuel accounts for the vast majority of the aviation sector’s emissions. Generally produced from sustainable resources,…
The European Commission announced today a series of new proposed changes to the EU Deforestation Regulation (EUDR) – its new law aimed at ensuring that products imported to or exported from EU markets no longer contribute to deforestation and forest degradation globally – including removing due diligence obligations for many retailers and manufacturers, as well as for smaller companies in low-risk…
Proxy advisory firms Glass Lewis announced plans to significantly change its delivery of research and voting recommendations, including no longer providing singular voting advice to clients, noting that investors in the U.S. and Europe are diverging on issues including sustainability and corporate engagement. The move comes as the firm also faces increasing pressure from Republican politicians in the U.S., including…
Enhanced rock weathering (ERW)-focused carbon removal project developer UNDO announced that it has signed a new agreement with Microsoft to permanently remove 28,900 tonnes of CO2 from the atmosphere by 2036 through an accelerated natural process using rocks and soil. Founded in 2022, London-based UNDO develops carbon removal projects based on enhanced rock weathering. The company’s technology accelerates the natural…
Climate research provider and environmental disclosure platform CDP and The Global Reporting Initiative (GRI) announced today the release of GRI-CDP mapping, a new tool aimed at enabling companies to connect data requirements for climate and energy-related disclosures across each organization’s frameworks, to help avoid duplication and advance the consistency of reporting. CDP runs a global environmental disclosure system, enabling investors…
Greenhouse Gas (GHG) reporting framework provider GHG Protocol announced the release of consultations on proposed changes to its guidance and accounting methods underlying reporting of emissions from companies’ purchased electricity and electricity sector actions, forming part of the initiative’s efforts to update its suite of corporate standards and guidance. The new consultations cover the GHG Protocol’s Scope 2 Guidance, updating…
Energy giant TotalEnergies and French civil engineering firm Colas announced a renewed three-year partnership aimed at advancing the decarbonization of the construction sector in France and internationally. Under the partnership, TotalEnergies and Colas are developing solutions around three main areas, including scaling up the deployment of multi-energy solutions at construction sites such as renewable biofuels such and battery systems to…
Energy storage provider Return announced today a growth capital investment of €300 million (UD$350 million) from Dutch pension fund manager APG, on behalf of its pension fund client ABP, with the new capital aimed at scaling Return’s battery energy storage platform in Europe. Energy storage forms one of the key building blocks for the clean energy transition, given the intermittent…