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Microsoft Launches New Datacenter Design Avoiding Use of Water for Cooling

Microsoft Launches New Datacenter Design Avoiding Use of Water for Cooling

Microsoft announced the launch of a new datacenter design, optimizing AI workloads and avoiding the consumption of water for cooling, supporting the company’s datacenter-focused sustainability goals. The announcement follows the release by Microsoft earlier this year of its “Datacenter Community Pledge,” aimed at ensuring that the company’s growing datacenter footprint serves helps to address societal challenges and create benefits in…

Heidrick & Struggles Builds Out Climate & Sustainability Advisory and Talent Team in Europe

Heidrick & Struggles Builds Out Climate & Sustainability Advisory and Talent Team in Europe

Global leadership advisory and talent solutions provider Heidrick & Struggles announced today a series of senior hires aimed at expanding its climate and sustainability practice, which helps companies find executives and hire personnel to support their climate and sustainability efforts. The new Europe-based hires include Uroš Zver, Rafe Jackson, and William Gibbs as Partners at the firm. Each of the…

Google, Intersect Power, TPG Launch $20 Billion Data Center Clean Energy Partnership

Google, Intersect Power, TPG Launch $20 Billion Data Center Clean Energy Partnership

Google announced today the launch of a new partnership with clean energy developer Intersect Power and alternative asset firm TPG, with plans to invest $20 billion in renewable power infrastructure by 2030 to enable the buildout of new data center capacity in the U.S., powered by clean energy. Alongside the new partnership, Intersect Power announced that it has raised $800 million…

Amazon Achieves 99% Landfill Diversion for Data Center Hardware Under New Circularity Program

Amazon Achieves 99% Landfill Diversion for Data Center Hardware Under New Circularity Program

Amazon announced a series of achievements through its data center hardware circularity program, including diverting more than 99% of decommissioned racks from Amazon Web Services (AWS) facilities from landfill so far in 2024. Amazon’s hardware circularity program forms part of its plan to reach net zero carbon emissions by 2040, as well as its initiatives to address the sustainability aspects…

Standards Interoperability can Streamline Nature Data Flood

ISSB expects SASB enhancements to reflect location-specific nature risks, acknowledges role for standard setters in data consistency.  Standard setters’ efforts to align nature-related disclosure requirements will help investors to select from a growing plethora of metrics and data, according to panellists at ESG Investor’s Nature Data for Institutional Investors event.  Until interoperability is achieved, investors and their portfolio companies will…

Sovereign wealth funds increasingly prioritise energy transition

Sovereign wealth funds (SWFs) are increasingly investing in the green energy transition as renewable energy tops climate investment priorities, according to a report by PwC. The report – Rethinking the role of long-term investors in the energy transition – published in collaboration with the International Forum for Sovereign Wealth Funds (IFSWF) and One Planet Sovereign Wealth Fund Network (OPSWF), looked…

SGS Launches New Suite of Climate and Energy Transition Services

SGS Launches New Suite of Climate and Energy Transition Services

Testing, inspection and certification company SGS announced today the launch of a series of new climate action services, aimed at supporting companies in their efforts to measure and reduce emissions, comply with new evolving climate regulations and transition to cleaner energy sources. The new climate services form part of SGS’ recently launched sustainability suite, IMPACT NOW. Announced in November, IMPACT…

Switzerland to Require Companies to Disclose 2050-Aligned Net Zero Roadmaps

Switzerland to Require Companies to Disclose 2050-Aligned Net Zero Roadmaps

The Swiss government announced the launch of a consultation on a series of new proposals to update its sustainability-related disclosure rules for companies, including a requirement for companies to provide plans to align with Switzerland’s net zero by 2050 climate target, and for climate-related reporting to be based on standards such as the ISSB or the EU’s ESRS. The proposals…

Single Standard Offers Progress on Mining’s ESG Risks

Panellists at ESG Investor’s Nature Data event identified need for guidance and action on artisanal mining, lobbying and Indigenous Peoples’ rights. Investors seeking to address the ESG risks in their mining investments have been urged to respond to a consultation on a consolidated sustainability standard developed by leading industry bodies. The Copper Mark, International Council on Mining and Metals (ICMM),…

Aviva Investors fined in Luxembourg for ESG administrative failings

Aviva Investors has been fined €56,500 by Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) for “persistent breaches” of their internal governance framework concerning five sub-funds classified as Article 8 under the EU’s Sustainable Finance Disclosure Regulation (SFDR). During an inspection that took place between 3 October 2022 and 11 May 2023, the CSSF found certain bonds held by the…