This week in ESG news: California regulator gives companies an extra year to prepare for climate reporting obligations; Goldman Sachs exits net zero banking initiative; Switzerland to require companies to disclose net zero plans; Google enters $20 billion partnership to build data centers next to clean energy sources; Hong Kong mandates IFRS-aligned sustainability reporting; GRI appoints new CEO; BCG, Google…
Boston Consulting Group (BCG) announced that it has purchased 50,250 tonnes of certified carbon dioxide removals (CDRs) through CDR portfolio manager ClimeFi, to be delivered over the next two years, and spanning a broad set of carbon removal technologies. The agreement marks the second largest CDR purchase to date for BCG, following the company’s commitment to neutralize 100% of its emissions…
The Government of Canada announced a new climate goal, setting a target to reduce greenhouse gas (GHG) emissions by 45% to 50% by 2035, on a 2005 basis. While the government described the new goal as “the next step” in achieving its net zero by 2050, the target would represent only a minor reduction compared to Canada’s current 2030 goal,…
Global asset manager Invesco announced the launch of the Invesco MSCI North America Climate ETF (KLMN), a new exchange traded fund aimed at helping investors to reduce exposure to greenhouse gas emissions and gain exposure to companies with science-based emissions reduction targets. The new ETF is being launched with a $2.4 billion investment by Finnish pension insurer, Varma, breaking a record for…