Industrial decarbonization project developer Zero Industrial announced that it has raised $10 million in a Series A funding round, with proceeds to be used to accelerate its development of thermal energy storage projects to replace fossil fuels with electricity. Industrial heating uses high amounts of energy, often from fossil fuel-based sources, in order to transform materials into products such as…
Institutional investors are pushing for the real living wage to hit the high street this proxy season. The UK retail sector is under increasing pressure to pay their workforce a real living wage, as investors prepare to challenge the sector’s biggest offenders at AGMs in the coming months. Members of responsible investment NGO ShareAction’s Good Work investor group – including…
Energy and electrification advisory, services, and software solutions provider Schneider Electric announced a partnership with construction and manufacturing-focused sustainability platform One Click LCA to provide AEC (Architecture, Engineering, and Construction) professionals with environmental data on more than 50,000 electrical products, and enabling data-driven sustainable design decisions. Under the new partnership, Schneider Electric will make Environmental Product Declarations (EPDs) on the…
China’s Ministry of Finance (MOF) issued the country’s inaugural sovereign green bond, raising RMB 6 billion (USD$824 million) to support projects and initiatives aimed at achieving environmental objectives ranging from climate change mitigation and adaptation to natural resource and biodiversity conservation. The new 3-year and 5-year maturity bonds debuted on the London Stock Exchange, making the offering not only China’s…
Greenhouse gas (GHG) emissions in carbon-intensive sectors covered by the EU’s Emissions Trading System fell by 5% year-over-year in 2024, reaching approximately a 50% reduction since the ETS was established in 2005, according to a new report released by the European Commission. Established in 2005, the ETS puts a price on carbon emissions for key GHG intensive sectors, including electricity…
This week in ESG news: EU Commission asks to fast-track development of new sustainability reporting standards; DWS fined $27 million for greenwashing; Unilever acquires sustainable personal care brand Wild; KPMG finds most senior execs have incentive pay ties to ESG goals; EU Parliament agrees to delay sustainability reporting requirements; ISS launches new sustainability bond ratings; Roche sets science-based emissions reduction…