Meta announced that it has signed four environmental attribute purchase agreements (EAPAs) with Madrid-based Zelestra for production of 595 MW of renewable energy to help power the company’s data centers in Texas. Meta, the owner of Facebook, Instagram, and WhatsApp, has set a target to reach net-zero emissions across its value chain by 2030, and is one of the largest…
Zurich Insurance Group announced today a agreement with bioengineered CO2 removal-focused startup Nellie Technologies, for the purchase of up to 17,500 tons of carbon removal generated through the production of biochar over 5 years. The deal marks Zurich’s largest carbon removal purchase agreement to date, and places the company within the top 20 corporate CO2 removal purchasers, according to carbon…
The Swiss government announced that it has approved a new climate goal, targeting a 65% reduction in greenhouse gas (GHG) emissions by 2035, on a 1990 basis. The new decarbonization goal will form the basis of Switzerland’s second Nationally Determined Contribution (NDC) under the Paris Agreement, which the Swiss Federal Council said will be submitted to the UN Framework Convention…
As global attention on climate change intensifies, the regulatory landscape for sustainability reporting is evolving rapidly. Governments, investors, and industry groups are introducing new standards to ensure greater transparency and accountability, leaving sustainability managers with a pressing question: how can we keep up?
The European Commission announced the release of its highly-anticipated “Competitiveness Compass” on Wednesday, outlining its new roadmap aimed at boosting Europe’s productivity and global competitiveness, through a wide-ranging series of measures to promote innovation and investment, reduce administrative burdens on companies, and lower energy costs in the EU. Among the first initiatives to be undertaken under the new roadmap is…
As sustainability reporting becomes a global priority, new regulations are reshaping how companies disclose their impact. For professionals in the oil and gas sector, understanding and meeting these requirements is critical—not only for compliance but also for maintaining stakeholder trust and ensuring long-term business resilience.