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LEGO Group Rolling Out Paper-Based Bags for Packaging Bricks

LEGO Group Rolling Out Paper-Based Bags for Packaging Bricks

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…

Columbia Threadneedle Adopts FCA’s SDR Sustainability Focus Label for Nine Funds

Columbia Threadneedle Adopts FCA’s SDR Sustainability Focus Label for Nine Funds

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…

Unilever, Nufarm Partner to Replace Fossil Fuels with Plant-Based Ingredients in Cleaning Products

Unilever, Nufarm Partner to Replace Fossil Fuels with Plant-Based Ingredients in Cleaning Products

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…

ArcelorMittal Delays Green Steel Investments Due to Unfavorable Policy, Market Environments

ArcelorMittal Delays Green Steel Investments Due to Unfavorable Policy, Market Environments

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…

Cleantech Startup HyperHeat Raises €3.5 Million for Solution to Decarbonize Industrial Heat

Cleantech Startup HyperHeat Raises €3.5 Million for Solution to Decarbonize Industrial Heat

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…

British Airways Parent IAG Signs 10-Year Purchase Deal for Synthetic Sustainable Aviation Fuel

British Airways Parent IAG Signs 10-Year Purchase Deal for Synthetic Sustainable Aviation Fuel

International Airlines Group (IAG), the parent company of airlines including Aer Lingus, British Airways, Iberia, Vueling and LEVEL, announced that it will purchase Sustainable Aviation Fuel (SAF) from Infinium, a producer of eSAF, a synthetic drop-in fuel substitute derived from natural sources. The deal will see Infinium provide commercial volumes to any of IAG’s five airlines over ten years. Founded…

LeapFrog Raises Over $1 Billion for Social Impact Fund Aimed at Reaching 100 Million Low-income People

LeapFrog Raises Over $1 Billion for Social Impact Fund Aimed at Reaching 100 Million Low-income People

Impact-focused investment firm LeapFrog Investments has announced that it has raised over $1.15 billion for its flagship social impact strategy, including reaching commitments of $1.02 billion for its fourth and largest fund (Fund IV), which aims to reach 100 million lower-income people in growth markets with healthcare or financial tools, ahead of the fund’s $1 billion target. Launched in 2008,…

Guest Post: Why Carbon Removals Are Here to Stay

Guest Post: Why Carbon Removals Are Here to Stay

By: Marta Krupinska, CEO of CUR8 For way too long, the question on every climate-conscious CFO’s mind was: “Do we truly need carbon removals?” While the science on carbon emissions and their effect on global warming was undisputed, seeing the strategic value of carbon removal remained elusive for corporate leaders. As businesses ramped up their climate action plans, questions lingered:…

More than 40% of Largest Global Companies Integrating ESG Performance in Executive Pay: KPMG Study

More than 40% of Largest Global Companies Integrating ESG Performance in Executive Pay: KPMG Study

The world’s largest companies are increasingly integrating ESG performance in executive and board compensation, and are appointing dedicated sustainability leaders, as they continue to set climate goals and prepare for regulatory sustainability-related disclosure requirements, according to a new report released by global professional services firm KPMG. For the report, KPMG’s Survey of Sustainability Reporting 2024, KPMG analyzed the sustainability reports…

US State-level Ambition Cannot End with Trump – PRI

Policy briefing emphasises importance of providing investors with a robust sustainable finance market that is interoperable state-by-state.   State-level lawmakers can still drive sustainability action and investment in the US – irrespective of federal policy priorities – according to a new briefing by the UN-convened Principles for Responsible Investment (PRI).   The report aims to support US states wanting to evaluate, adapt…