Other contributor: Jan Buschfeld On 12 November 2024, a Dutch appeals court ruled that Shell does not have to reduce its CO2 emissions by 45% by 2030 compared to 2019 levels, as previously ordered by the Hague District Court on 26 May 2021. Shell now has the right to adjust its own emissions reductions targets as it sees fit. However,…
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Under a new agreement, Swedish steel manufacturer SSAB will provide fossil-free steel to Amazon Web Services for use in construction of one of its three new data centers in Sweden. The program will see AWS receive steel from SSAB, as well as roof and wall structures for the buildings from SSAB’s subsidiary Ruukki. The main data center buildings are due…
LEGO Group updated its progress on its initiative to switch to paper bags in the packaging of its LEGO sets, as part of the company’s commitment to reduce single-use plastics from its packaging. The update follows an announcement by the company last year that it would begin phasing out single-use plastic in LEGO boxes, replacing plastic pre-pack bags with new…
Global asset manager Columbia Threadneedle Investments announced that it will adopt the new “Sustainability Focus” label introduced by the UK Financial Conduct Authority (FCA)’s Sustainability Disclosure Requirements (SDR) for nine of its global equities, UK equities and multi-asset funds. The firm added that it aims to adopt an SDR sustainability label for two of its fixed income funds in the…
Global consumer brands company announced the launch of a new partnership with Australia-based biotech company Nufarm, aimed at replacing petrochemical-based ingredients in it cleaning products with plant-based oils through the development of a new variety of sugar cane. Fossil fuel are key ingredients used by major consumer products companies in the production of cleaning products, soaps and detergents, presenting significant…
Steelmaking and mining company ArcelorMittal announced today that it would delay a final investment decision on a series of projects aimed at producing low carbon steel in Europe, with the company citing a lack of positive momentum in European policy, energy and market environments. Steelmaking is one of the biggest emitters of CO2 globally, and one of the more challenging…
German climate startup HyperHeat announced that it has raised €3.5 million (USD$3.7 million) in a new funding round, with proceeds aimed at supporting the building and testing of its solutions to use renewable energy to produce zero-carbon industrial heat. Founded in 2023 by Dr. Lars Amsbeck and Frederick Lessmann, HyperHeat is developing a system that will use renewable sources for…