Investing in reformed consumption and production could be five times more profitable than in renewables, but Scope 3 reporting remains a struggle. Investing in a plant-rich food system could add several “healthy years” to the human lifespan and help realise annual savings of US$3.2 trillion by 2050, new research has shown. Published by freshly launched global philanthropic initiative Tilt Collective…
Singapore Exchange Softens Requirement for Scope 3 Reporting for Smaller Companies
Singapore Exchange’s (SGX) market regulator SGX RegCo announced updates to its sustainability reporting rules for listed companies, including pushing back mandatory value chain, or Scope 3, emissions reporting requirements for smaller issuers. The update follows the announcement earlier this year by the government of Singapore that it will implement mandatory climate-related reporting requirements for listed and large non-listed companies, alongside…
Brookfield Raises $2.4 Billion for Emerging Markets-Focused Climate Transition Fund
Brookfield Asset Management announced today that it has raised $2.4 billion for its Catalytic Transition Fund (CTF), aimed at driving clean energy investments in underserved emerging economies, only three months after the fund’s official launch in June 2024. Initially unveiled in December 2023 at the COP28 climate conference in Dubai, with a $1 billion anchor commitment from newly launched UAE-backed…
Trane Commits to Reduce Product Lifecycle GHG Emissions by 40% by 2030
HVAC and climate control solutions company Trane Technologies announced today a new commitment to reduce embodied carbon – greenhouse gas emissions associated with a product’s lifecycle, including the extraction of raw materials, manufacturing, transportation and recycling of materials and products – by 40% by 2030. As part of its efforts to target its embodied carbon, Trane said that it will…
HSBC, Pollination JV Raises Over $1 Billion for Natural Capital Investment Platform
HSBC Asset Management and climate change investment and advisory firm Pollination joint venture Climate Asset Management announced that it has raised over $1 billion for natural capital projects with the final close of its Natural Capital and Nature Based Carbon Funds, alongside its Restore Fund with tech giant Apple. Climate Asset Management was launched by HSBC AM and Pollination in 2020,…
Bloomberg Launches Capabilities to Help Investors Assess Company Climate Progress and Revenue Impact
Business and financial markets information service provider giant Bloomberg announced a series of enhancements to its suite of climate solutions, aimed at enabling users to evaluate companies’ climate emissions targets, including progress credibility and revenue impact, and to align portfolios with net zero investment goals. According to Bloomberg, the updated suite aims to help investors to assess a range of…
Microsoft Signs Deal to Restart Three Mile Island Nuclear Plant to Help Decarbonize Data Centers
Microsoft and Constellation Energy announced a new power purchase agreement enabling the restart of the Three Mile Island Unit 1 nuclear reactor in Pennsylvania, adding approximately 835 MW of carbon-free energy to the 13-state PJM grid. Under the new 20-year agreement, Microsoft will purchase energy from the renewed plant to help match the power its data centers in PJM with…
Day 1 of New York Climate Week
Hey everyone! Luke (CCO) here writing about New York Climate Week! New York City’s annual Climate Week has emerged as a pivotal platform for global climate action. Launched in 2009, this event brings together leaders from around the world to discuss and accelerate climate solutions. Held during the United Nations General Assembly, Climate Week offers a unique opportunity for policymakers, businesses,…