ACMI seeks to address risks through new alliances, as industry participants cite carbon markets’ ability to channel climate finance and support sustainable development. Africa’s climate transition is set to be bolstered by a new partnership focused on heightening integrity and transparency in the continent’s burgeoning voluntary carbon markets (VCMs), addressing stumbling blocks which have unsettled investors. At Climate Week NYC,…
3M Commits to Reduce Emissions Across the Value Chain by More than 40% by 2030
3M announced a series of new and updated climate-related goals, including a new target to reduce absolute Scope 3 greenhouse gas (GHG) emissions by 42% by 2030, on a 2021 basis. The company also announced that its near-term emissions reduction goals have been validated by the Science Based Targets initiative (SBTi) as being in line with the 1.5° C trajectory…
HSBC, IFC Launch SDG-Focused Emerging Markets Sustainable Corporate Bond Fund
HSBC Asset Management and World Bank Group member the International Finance Corporation (IFC) announced an agreement to launch a new fund targeting SDG-aligned corporate bond issuers in emerging markets. According to HSBC and IFC, the new fund aims to enhance sustainability in the emerging markets corporate bond space by investing in key areas such as sustainable technologies, social impact, and…
Wolters Kluwer Appoints Richard Pulliam to Lead EHS & ESG Business Unit
Professional services and information solutions provider Wolters Kluwer announced the appointment of Richard Pulliam as Senior Vice President and General Manager of Wolters Kluwer Corporate Performance & ESG (CP & ESG) division’s EHS & ESG unit. The EHS & ESG business unit, known for its EHS and operational risk management software product Enablon, forms part of Wolters Kluwer’s recently formed…
EU Commission Proposes One Year Delay to Law Banning Deforestation-Linked Products
The European Commission announced that it is proposing a one-year delay to the implementation of the EU Deforestation Regulation (EUDR), a new law aimed at ensuring that products imported to or exported from EU markets no longer contribute to deforestation and forest degradation globally, which is currently set to apply to from the end of this year, beginning with large…
UK to Invest £22 Billion in Carbon Capture Projects
The UK government announced on Friday that it will make up to £21.7 billion available over the next 25 years for the development of two new “carbon capture clusters” capable of removing and storing more than 8.5 million tonnes of industrial carbon emissions per year. In addition to supporting new carbon capture and CCUS enabled hydrogen projects, the new funding announcement is…