The European Commission announced the release of its highly-anticipated “Competitiveness Compass” on Wednesday, outlining its new roadmap aimed at boosting Europe’s productivity and global competitiveness, through a wide-ranging series of measures to promote innovation and investment, reduce administrative burdens on companies, and lower energy costs in the EU. Among the first initiatives to be undertaken under the new roadmap is…
As sustainability reporting becomes a global priority, new regulations are reshaping how companies disclose their impact. For professionals in the oil and gas sector, understanding and meeting these requirements is critical—not only for compliance but also for maintaining stakeholder trust and ensuring long-term business resilience.
Italian utility company A2A announced that it has raised €500 million (USD$521 million) in a new green bond offering, with the issuance marking the first by a European corporate issuer to use the EU’s new European Green Bond (EuGB) label. Adopted by the EU in November 2023, and taking effect last month, the EuGB regulation was launched by the European…
Semiconductor company STMicroelectronics announced that it has signed a Power Purchase Agreement (PPA) to buy renewable energy from French multinational TotalEnergies for manufacturing sites in France. The deal will see TotalEnergies provide STMicroelectronics with 1.5 terrawatts of power over the next 15 years. The renewable energy will be sourced from two recently completed wind and solar farms, operated by TotalEnergies….
Energizer Holdings, one of the world’s largest manufacturers and distributors of single use batteries, announced the introduction of 100% recyclable plastic-free packaging for its portfolio of Energizer batteries. According to Energizer, the new redesign addresses a major consumer desire for more renewable solutions, and marks a milestone in the company’s commitment to environmental stewardship. Lori Shambro, Executive Vice President and…
European market infrastructure provider Euronext announced the launch of the CAC PAB Index, adding a climate-focused Paris Agreement aligned benchmark to its CAC Index suite. Indices that are labelled as Paris-aligned Benchmarks (PABs) under EU rules must meet criteria for asset selection that results in the index aligning with the long-term climate goals of the Paris Agreement. Criteria include a minimum…