Telecommunications and networking technology company Nokia announced that it has signed a new €1.5 billion multicurrency revolving credit facility, with pricing on the new debt tied to its performance towards its Scope 1, 2 and 3 greenhouse gas emissions goals. The new credit facility marks the latest in a series of sustainability-linked financing instruments for Nokia, including a credit facility…

Avoiding Scope 3 pitfalls, nature risk exposure, and poor ESG due diligence

Google announced that it has signed the largest-ever direct corporate offtake agreement for fusion energy with Commonwealth Fusion Systems (CFS), as well as an investment in CFS, aimed at supporting the CFS’ efforts to bring fusion power to the grid at scale, and the development of its first commercial plant. Fusion, the process of combining two atoms to form a…

Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs) announced the publication of new draft Joint Guidelines on ESG stress testing, setting out how banking and insurance sector authorities in the EU should integrate ESG risks into their supervisory stress tests, and aimed at harmonizing methodologies and practices among banking and insurance supervisors. The ESAs include The European…

A coalition of 198 organizations, including more than 150 companies and investors, as well as dozens of service providers and sustainability-focused groups announced today the release of a joint statement, calling on European policymakers to preserve key elements of the EU’s sustainability framework, including calling to keep a greater number of companies in the scope of the CSRD sustainability reporting…