It would be easy to despair over climate change. After all, not only was 2024 the hottest year in recorded history, it was also when the world crossed the 1.5 C threshold that nearly every government pledged to avoid. But there are things we can still do, as individuals and together, to address, and hopefully reverse, the impact of global…
How To Use Sustainability Accounting to Drive Decarbonisation in Your Operations?
The Oil and Gas sector faces increasing pressure to reduce greenhouse gas (GHG) emissions. With global stakeholders demanding transparency, accountability, and tangible progress toward decarbonisation, sustainability managers are at the forefront of this transition. One powerful tool in their arsenal is sustainability accounting. By systematically tracking and reporting environmental performance, organisations can not only meet regulatory requirements but also uncover…
Schroders to Adopt All Four of the FCA’s SDR Sustainability Labels for Funds
Global investment manager Schroders announced plans to adopt each of the four sustainable investment labels – “Sustainability Focus”, “Sustainability Impact”, “Sustainability Improvers” and “Sustainability Mixed Goals” – introduced by the UK Financial Conduct Authority (FCA)’s Sustainability Disclosure Requirements (SDR) regulation, becoming, the firm believes, the first to do so. Anna O’Donoghue, Global Head of Product Development and Governance, Schroders, said:…
Texas-Led Multi-State Coalition Threatens BlackRock, Goldman Sachs, JPMorgan and Others with Legal Action Over ESG Commitments
Texas Attorney General Ken Paxton announced that he has sent a letter to BlackRock, Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup, and Morgan Stanley warning the Wall Street firms of potential legal actions over their diversity and climate investing policies and practices. The letter was co-signed by 9 other state Attorneys General, including the AGs of Alabama, Idaho, Indiana,…
Stockholm Exergi Awarded $1.8 Billion by Sweden for Bio-energy Carbon Removal and Storage Project
Swedish energy company Stockholm Exergi announced today that it has been awarded support for bio-CCS, a technology that captures biogenic carbon dioxide before it reaches the atmosphere, through a reverse auction by the Swedish Energy Agency, with granted support of SEK 20 billion (USD$1.8 billion), to be paid out over up to 15 years. According to Stockholm Exergi, the new…
Amex GBT Launches Solution Enabling Businesses to Apply Carbon Price for Travel and Fund Decarbonization Solutions
B2B travel platform American Express Global Business Travel (Amex GBT) announced the launch of a new integrated emissions-based carbon pricing tool, enabling users to track the carbon emissions specific to their flights, and direct investment towards decarbonization initiatives. According to Amex GBT, the new tool enables companies to pick a carbon calculation methodology, with methodologies offered including those provided by…
BlackRock Launches First Fund Using FCA’s “Sustainability Improvers” Label Targeting Brown-to-Green Materials Opportunities
Investment giant BlackRock announced the launch of the BlackRock BFM Brown to Green Materials Fund for UK investors, a new fund aimed at targeting overlooked opportunities stemming from the transition to a low carbon economy in the materials sector. The launch marks the first UK domiciled mutual fund to use the new “Sustainability Improvers” label introduced by the UK Financial…