IKEA parent INGKA Group announced that is has adjusted one of its climate goals, replacing its target to reach 100% emission-free home deliveries by 2025, with a new ambition to achieve more than 90% of home deliveries made by zero-emissions vehicles by 2028, citing a variety of factors including a rapid increase in online orders, and the availability of electric…
Carbon data provider Sylvera announced that it has launched its first durable carbon dioxide removal (CDR) ratings, with the introduction of ratings for biochar projects on its platform. Biochar, or biological charcoal, is produced by heating biomass, such as forest residue, wood or crop waste, in the absence of oxygen, creating a stable form of carbon, which when buried in…
Expanding power needs driven by the ongoing growth in AI, alongside other structural shifts such as electrification, will continue to create investment opportunities in the infrastructure and utilities sectors, and even further growth in energy transition investment, according to a new report released by the BlackRock Investment Institute. The report forecasts that the power demand for AI will continue to…
International banking group Standard Chartered announced that it achieved $982 million income generation from sustainable finance in 2024, growing by 36% year-over year. Announced with the release of the bank’s 2024 annual report, the growth in sustainable finance income brings Standard Chartered within reach of its goal to reach $1 billion in annual income from sustainable finance by 2025. The…
International banking group Standard Chartered announced that it achieved $982 million income generation from sustainable finance in 2024, growing by 36% year-over year. Announced with the release of the bank’s 2024 annual report, the growth in sustainable finance income brings Standard Chartered within reach of its goal to reach $1 billion in annual income from sustainable finance by 2025. The…
Over three quarters of CFOs expect that their companies will maintain or increase sustainability-focused investments even after the recent U.S. election, although investment focus will shift away from environmental and social impact, and towards areas addressing stakeholder expectations and business operations, according to a new U.S.-focused survey released by accounting and advisory firm BDO. For the report, 2025 CFO Sustainability…
This week in ESG news: HSBC net zero goals delayed by 20 years; majority of companies to stick with climate reporting plans even if regulations change; IKEA publishes plan to achieve net zero; Canada pushes back climate reporting for banks, insurance companies; Nestlé and Mars to pay farmers to cut emissions in dairy supply chain; TNFD launches platform to upskill…