The Coca-Cola Company announced today a series of new 2035 environmental goals, updating and replacing its current targets in areas across water, packaging and emissions, and in some cases softening and pushing back on its prior ambitions, including its goal to increase the use of recycled materials, which has been moved to a target of 35% to 40% by 2035,…
The Abu Dhabi National Oil Company (ADNOC) announced the launch of XRG, described by the company as a new “lower-carbon energy and chemicals investment powerhouse,” with a portfolio of assets of $80 billion, and a goal to more than double its asset value by 2035. According to ADNOC, XRG’s growth will be driven by key megatrends, including the transformation of…
Private equity and venture capital investor EQT Group and Singapore’s sovereign wealth fund, GIC, announced today the acquisition of a majority stake in UK-based energy transition-focused infrastructure company Calisen from a consortium of investors including Goldman Sachs Alternatives, BlackRock-owned Global Infrastructure Partners (GIP), and Mubadala Investment Company. According to a report by the Financial Times, the transaction values Calisen at over…
The European Commission announced the publication of a new set of frequently asked questions (FAQs), aimed at helping support investors in the implementation of the EU Taxonomy, its classification system for defining sustainable economic activities. According to the Commission, the publication is aimed at making the Taxonomy easier to use, and forms part of its efforts to reduce the administrative…
By: Sheri Hinish, Principal Global Consulting Sustainability, Technology + Ecosystems Leader, EY We stand at the intersection of two revolutions—sustainability and artificial intelligence. One demands we change how we live, and the other enables us to do it. The convergence of AI and ESG represents a transformative force for businesses seeking to address today’s sustainability challenges. AI is pivotal in…
Texas Attorney General Ken Paxton announced the launch of a lawsuit against investment giants BlackRock, Vanguard and State Street, joined by 10 other states, accusing the asset managers of using their positions in climate-focused investment initiatives to manipulate coal markets and drive up the cost of energy. In statements received by ESG Today from BlackRock and State Street, the investment…