Deutsche Bank announced the publication of its updated Transition Plan, outlining the bank’s progress towards its climate-related goals, and updating its approaches towards reaching its net zero ambitions. Deutsche Bank published its initial Transition Plan in 2023. The update comes as several major banks globally are reassessing their climate and sustainable finance approaches, with many dropping out of industry groups…

Sony Group Corporation announced a series of new medium-term environmental goals, including new targets to reduce Scope 1 and 2 greenhouse gas (GHG) emissions by 60%, and group-wide Scope 3 value chain emissions by 25% by 2030. The new goals form Sony’s ‘Green Management 2030’ (GM2030) medium-term environmental plan, covering the 2026 through to 2030 fiscal years. “Green Management” constitutes…

World Bank Group member the International Finance Corporation (IFC) and Brazil-based investment bank BTG Pactual announced the launch of a new strategic partnership aimed at advancing sustainability and development initiatives in Brazil and across Latin America, by mobilizing resources and expertise to address critical global challenges and fostering impactful investments. IFC and BTG Pactual said that they aim to reach up…

Singapore’s business reporting, accounting and corporate services and markets regulators the Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange Regulation (SGX RegCo) announced significant changes in the timelines for the implementation of most mandatory climate-related reporting requirements for companies, including delaying some disclosures for small and mid-sized companies by up to five years. While all listed companies will still…

Carbon removal buyer coalition Frontier announced that it has facilitated carbon removal offtake agreements of more than $31 million with Ocean Alkalinity Enhancement (OAE) technology company Planetary, from buyers including  Stripe, Google, Shopify, and McKinsey Sustainability, Autodesk, H&M Group, and Workday. Under the new agreements, Planetary will deliver 115,000 tons of carbon removals between 2026 and 2030, generated through a…

Amazon, nuclear technology company X-Energy, power provider Korea Hydro & Nuclear Power Corporation (“KHNP”), and energy solutions and equipment provider Doosan Enerbility announced the launch of a new strategic partnership, aimed at scaling the deployment of advanced nuclear reactors to help meet growing the power demands from data centers and AI infrastructure in the U.S. The new partnership follows a collaboration…

The Net-Zero Banking Alliance (NZBA), a UN-backed banking sector coalition dedicated to advancing global net zero goals through their financing activities, announced that it has paused its activities following a series of high-profile departures from its ranks, and has proposed a significant restructuring, including dropping its format as a membership-based alliance. The NZBA said that it has initiated a member…

The degradation of nature in the UK will cut 4.7% off GDP within the next decade if businesses do not make a greater effort to invest in these solutions and slow down the decline, according to a report. Published by the Green Finance Institute and WWF, the report Business Investment in Nature: Supporting UK Economic Resilience and Growth also found the…

Aalo Atomics, a US-based nuclear technology company announced that it has raised $100 million in a Series B financing round, with proceeds aimed at building the company’s first nuclear power plant to meet the rapidly growing energy needs of AI. Founded in 2023, Texas-based Aalo’s mission is to accelerate the adoption of nuclear energy as a sustainable, resource-efficient power source,…