Increasing scrutiny highlights growing divide between leaders and laggards, with asset owners attempting to close the gap. The banking sector’s journey to net zero emissions has the potential to deliver or dash global climate ambitions – but that journey is fraught with challenges and complications. Although most of the world’s largest banks have set climate commitments, the sector’s decarbonisation trajectory…
Google Signs its First Offshore Wind Purchase Deal in Asia Pacific with CIP
Google announced its first offshore wind power purchase agreement in Asia, with a deal to buy renewable energy from a new wind farm in Taiwan, developed by energy infrastructure investment manager Copenhagen Infrastructure Partners (CIP). The agreement marks the latest in a series of Taiwan-based clean energy transactions for Google, including a partnership announced last year with BlackRock to invest…
Caban Raises $50 Million to Expand Clean Energy Infrastructure Solutions
Alternative energy solutions provider Caban announced that it has raised $50 million in an equity funding round, with proceeds aimed at expanding its Energy-as-a-Service (EaaS) projects to help decarbonize critical infrastructure operators. Founded in 2018, Texas-based Caban provides energy storage solutions aimed at providing critical infrastructure operators with access to renewable power, providing clean energy while reducing operating cost and…
LEGO Group Opens its Most Sustainable, Renewables-Powered Factory
The LEGO Group announced the grand opening of its sixth factory worldwide, LEGO Manufacturing Vietnam, described by the company as its “most environmentally sustainable factory to date,” with key features including plans to use 100% renewable energy, and LEGO’s first LEED Platinum certified buildings. LEGO Group initially broke ground on the southern Vietnam-based factory in 2022, and has invested $1…
New York State Pension Fund Commits $2.4 Billion to Climate Investment Strategies
The New York State Common Retirement Fund, one of the largest public pension plans in the U.S., announced the allocation of $2.4 billion to its Sustainable Investments and Climate Solutions (SICS) Program through investments in three climate-focused investment funds. State Comptroller Thomas P. DiNapoli also announced that the fund completed its annual review of thermal coal, oil sands, shale oil…
CDP Reports 30% Jump in Companies Achieving Top Environmental Disclosure Scores
The number of companies achieving an “A” score in at least one category in research provider and environmental disclosure system CDP’s annual assessment jumped by 30% in 2024, but still represented only 2% of disclosing companies, CDP reported. CDP runs a global environmental disclosure system, enabling investors and other stakeholders to measure and track organization’s performance in key environmental sustainability…