Clean energy company XGS Energy announced that it has raised $13 million in a new financing round, with proceeds aimed at expanding its geothermal energy technology, financing new projects, and growing its team. Founded in 2008, California-based XGS Energy provides heat-harvesting technology to enable access to affordable and carbon-free geothermal energy. The company’s solution drills a single directional well to…
Quality assurance and certification provider Intertek announced the launch of a new suite of tools aimed at helping companies to comply with the supply chain management requirements of the EU’s new Deforestation Regulation (EUDR), set to go into effect at the end of the year. The EUDR was initially introduced by the EU Commission in November, 2021, with proposals aimed…
Beauty company L’Oréal announced that it has reached 100% renewable energy for its European operations – including factories, distribution centers and offices – as of December 2024. The announcement marks a significant step towards the achievement of one of the company’s key sustainability goals under its “L’Oréal for the future” strategy, which include targets to reach carbon neutrality and 100%…
By: Jim Pelletier, Lead Product Manager at Wolters Kluwer TeamMate Organizations are facing an escalating challenge in the form of climate risk and the potential disruption it represents. Businesses are experiencing increased physical and transitional risks, impacting financial stability and operational continuity, and calling long-term strategic direction into question. Internal audit, uniquely positioned to provide assurance and insights, can help…
The European Commission has tasked the European Financial Reporting Advisory Group (EFRAG) with supporting its plan to significantly simplify the reporting requirements under the Corporate Sustainability Reporting Directive (CSRD), with a request to develop technical advice underlying the CSRD’s European Sustainability Reporting Standards (ESRS), and setting a timeline of only seven months, with a deadline for the new advice of…
Written by Julia Dreblow, founder, SRI Services and Fund EcoMarket I’m going to guess that you may not have heard of the British Standards Institution’s (BSI) PAS 7342, the new British standard specification for retail sustainable investment funds. This newly published, publicly available document is a project I became involved in around six years ago while stressing about the direction…
Fidelity International’s head of stewardship in Europe, Emilie Goodall, has announced she will leave the role to pursue new opportunities. In a post on LinkedIn announcing her departure, Goodall said she was thankful to have had “a front-row seat” to the rapid transitions the industry is navigating. “Sustainability terminology debates aside, the underlying day-to-day practice of stewardship is transforming, and…