The Revenues for Nature (R4N) project has announced support for an initial seven investment models designed to unlock up to $200m for nature restoration and conservation. Achieving global nature goals requires an additional $200bn to be mobilised annually, with the private sector expected to play a crucial role in closing this gap. Yet its contribution remains limited – most nature-related funding…
Climate solutions provider Watershed announced the launch of an open and free version of its global emissions database, in a move aimed at enabling organizations and companies to make more accurate decarbonization decisions. Founded in 2019, San Francisco-based Watershed provides an enterprise sustainability platform enabling companies to measure, report, and reduce their greenhouse gas emissions, to meet their climate goals…
Japanese conglomerate Hitachi announced a series of updates to its long-term environmental targets, including setting a new goal to achieve net zero greenhouse gas (GHG) emissions across its value chain by 2050. The new net zero goal represents a more ambitious target than the company’s prior goal to achieve carbon neutrality across the value chain by 2050, expanding its initiative…
Microsoft announced that it has signed an agreement with Sublime Systems to buy more than 600,000 tons of low-carbon cement, with the purchase agreement aimed at helping the technology giant address its carbon footprint, as well as to help advance the sustainable materials market. Cement production is a significant contributor to global greenhouse gas emissions, and one of the more…
Energy and electrification advisory, services, and software solutions provider Schneider Electric announced the launch of a new multi-year initiative aimed at building an AI-powered ecosystem for sustainability and energy management. The company said that it has hired sustainability solutions veteran Julien Picaud as Head of Product Management to lead the new initiative According to Schneider Electric, the new initiative is…
The European Commission issued a new report today, assessing the energy and climate plans of EU member states, revealing that the EU is very nearly on track to hit its climate and energy targets, including its goal to cut greenhouse gas (GHG) emissions by 55% by 2030, compared to 1990 levels. According to the report, the Commission’s assessment of the…
In its 2023 Sustainability Disclosure Requirements and Investment Labels regulations, the Financial Conduct Authority (FCA) came to an interesting conclusion: “We have said that governance is an enabler of environmental and/or social outcomes, rather than an end in itself. So, products investing in assets with good governance alone would need to do more to qualify for a label.” At the…
The 100 largest global companies operating in the UK have slacked in their efforts to address slavery in their supply chains, according to a new global benchmark by investment manager CCLA. Global companies scored on average 30 out of a potential 62 points in the first Global Modern Slavery Benchmark ratings – this compares to UK companies scoring an average…