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Accenture Appoints Jens Laue as Sustainability Services Lead for EMEA

Accenture Appoints Jens Laue as Sustainability Services Lead for EMEA

Global professional services firm Accenture has appointed Jens Laue as EMEA Lead Sustainability Services. In his new role, Laue lead the firm’s Sustainability Services in Europe, Middle East and Africa, with responsibility for growing and scaling the business, and orchestrating solutions to create positive impact and durable business outcomes for clients. Laue joined Accenture in 2022, and has most recently…

AllianzGI Acquires Majority Stake in Battery Storage Platform GESI

AllianzGI Acquires Majority Stake in Battery Storage Platform GESI

Alllianz Global Investors (AllianzGI) announced that it has acquired a 51% stake in German battery storage platform Green Energy Storage Initiative (GESI), marking the firm’s second large-scale energy storage investment in the past few months. Founded in 2023, GESI develops, constructs and operates high-performance, digitalized large utility-scale battery storage systems, designed to provide flexibility within energy systems supplied by intermittent…

Decade Energy Raises €22 Million to Scale Fleet Electrification Infrastructure Platform

Decade Energy Raises €22 Million to Scale Fleet Electrification Infrastructure Platform

Paris-based logistics electrification company Decade Energy announced that it has raised €22 million (USD$26 million), with proceeds from the financing aimed at scaling its electric truck infrastructure platform and expanding into new international markets. Founded in 2019, Decade Energy develops battery storage, EV charging infrastructure, and energy optimization software to support the electrification of logistics fleets through an integrated, asset-backed…

Meta Signs 1 GW Energy Storage Deal to Power Data Centers

Meta Signs 1 GW Energy Storage Deal to Power Data Centers

Meta announced an agreement with ultra-long duration energy storage company Noon Energy, reserving up to 100 GWh of energy storage capacity to provide continuous power for its data center infrastructure. Under the agreement, Meta will secure up to 1GW of energy storage capacity, with initial collaboration on a 25MW project, scheduled for completion by 2028. Following completion of the project,…

bp Shareholders Defeat Resolution Aimed at Reducing Climate Disclosures

bp Shareholders Defeat Resolution Aimed at Reducing Climate Disclosures

bp shareholders resoundingly defeated two resolutions proposed by the energy giant at its annual general meeting (AGM) on Thursday, including resolutions that would have enabled the company to eliminate some climate-related disclosures, and to hold virtual AGMs going forward. Both resolutions were voted against by more than half of shareholders, falling well below the 75% threshold required to pass. Notably,…

Amazon Signs 685,000 Ton Carbon Credit Deal to Reduce Emissions from Rice Farming in India

Amazon Signs 685,000 Ton Carbon Credit Deal to Reduce Emissions from Rice Farming in India

Amazon announced that it has entered into a long-term carbon credit offtake agreement with The Good Rice Alliance (TGRA), aimed at supporting the delivery of high-integrity methane emission reductions from rice cultivation across India. Founded in 2022, Bayer-owned TGRA works with rice farmers across India to deploy sustainable agricultural practices designed to reduce methane emissions from irrigated rice production. Rice…

EU to Set “Ambitious” Electrification Target to Accelerate Transition Away from Fossil Fuels

EU to Set “Ambitious” Electrification Target to Accelerate Transition Away from Fossil Fuels

The European Commission presented its new “AccelerateEU” strategy, outlining a series of proposed actions aimed at addressing the rapid increase in energy costs and reducing the EU’s reliance on imported fossil fuels. Among the key long-term measures included in the new plan is a commitment by the Commission to present an Electrification Action Plan, including “an ambitious electrification target,” alongside…

GM Achieves 100% Renewable Electricity Goal in U.S.

GM Achieves 100% Renewable Electricity Goal in U.S.

GM announced a new clean energy milestone, with the company securing 100% of the energy needed to power all its U.S. sites with renewable electricity in 2025. The company said that it was the first U.S. automaker to achieve this goal. With the achievement, GM reached its goal, set in 2021, to source 100% renewable energy to power its U.S….

ISSB Decides to Develop Non-Mandatory Nature-Related Reporting Requirements

ISSB Decides to Develop Non-Mandatory Nature-Related Reporting Requirements

The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced that it has decided to proceed with the development of proposed requirements for companies to provide nature-related disclosures in the form of an IFRS Practice Statement, instead of a mandatory standalone standard. In an effort to address concerns about its decision, the ISSB stressed that applying the Practice Statement would have the…