The Government of Canada announced on Monday the release of a new draft regulation aimed at setting a cap on greenhouse gas (GHG) emissions in the oil and gas sector, and introducing a new emissions allowance trading system to cut GHG pollution in the sector by more than a third. While aiming to cut sector emissions, however, the government stressed…
Tokyo-based banking and financial services company Mizuho Bank announced today that it has acquired a minority equity stake in climate and nature solutions firm Pollination, forming part of a new strategic partnership between the firms, aimed at supporting Mizuho’s clients in implementing decarbonization initiatives, and accelerating Pollination’s growth and international expansion. Founded in 2019, London-based Pollination works with financial institutions,…
Luggage and travel gear company Samsonite announced today a new series of sustainability goals, including a new target to reduce Scope 3 emissions from purchased goods and services 52% by 2030 by significantly increasing the use of recycled materials in its products. According to Samsonite’s most recent sustainability report, nearly all of the company’s greenhouse gas footprint is made up…
UK-based investment management, wealth planning and private investment office services provider LGT Wealth Management announced the appointment of Phoebe Stone as its first Chief Sustainability Officer (UK). Stone joined LGT in 2014 as a Portfolio Manager, and founded the firm’s sustainable investing division in 2018, and has been running the sustainable investing client proposition, dedicated sustainable investment team, ESG integration…
Insurance and investment group Allianz’s trade credit insurance unit Allianz Trade announced the launch of Surety Green2Green, a new solution aimed at enabling clients to engage in low-carbon technologies and renewables projects through issuance of surety bonds and guarantees securing project completion. Surety bonds support companies’ contractual obligations with customers and suppliers, protecting business partners against loss arising from late…