The Government of Canada outlined a plan to develop a new sustainable investment taxonomy, a set of guidelines to help categorize sustainable economic activities aligned with the goals of reaching net-zero emissions by 2050 and limiting global temperature rise to 1.5°C, aimed at facilitating financial flows and investments needed to achieve these goals. The new taxonomy will include both “green”…
The Government of Canada announced the first expansion of its requirements for climate-related financial disclosures to include private companies, with new plans to introduce mandatory climate-related reporting for large, federally incorporated companies. Alongside the new climate-related disclosure requirements, the government also introduced plans for a new sustainable investment taxonomy to help categorize green and transition economic activities. Canada’s process to…
Institutional Shareholder Services’ (ISS) announced today the acquisition by its governance, compensation, sustainability, and cyber risk business ISS-Corporate of SustainaBase, a Florida-based provider of carbon accounting and data management software solutions for corporate sustainability reporting. Launched in 2020, SustainaBase makes software that tracks company greenhouse gas (GHG) emissions and data. As regulatory, competitive, and supply chain pressures to measure and…
Mining giant Rio Tinto announced today an agreement to acquire Philadelphia-based lithium chemicals producer Arcadium Lithium, in a transaction described by Rio Tinto as aimed at “establishing a global leader in energy transition commodities.” Tinto will pay $6.7 billion for the company in the all-cash transaction, paying shareholders $5.85 per share, a 90% premium over Arcadium’s October 4, 2024 closing…
Boston-based Lithios, which is developing technology for sustainable lithium extraction, announced that it has secured a total of $10 million in seed financing. The company said it would use the new funding to scale the production of their Advanced Lithium Extraction (ALE) technology, which allows for tapping into a more environmentally sustainable, lower cost supply of lithium, an element that…
ESG ratings, data, and research provider Morningstar Sustainalytics announced the launch of a series of new tools as part of its EU Sustainable Finance Action Plan Solutions Suite, aimed at helping investors and companies address emerging EU regulatory reporting requirements. The new and updated solutions include a Corporate Sustainability Reporting Directive (CSRD) Aligned Data offering, an ESMA Fund Naming Rules…
The Climate Change Committee (CCC), the UK government’s climate advisor announced today the appointment of Energy UK CEO Emma Pinchbeck as its new Chief Executive. Pinchbeck, who announced that she will step down from her current role next month, will join the CCC on November 11. Established under the UK’s established under the Climate Change Act 2008, the CCC is…
The number of companies linked to greenwashing, or misleading claims about the environmental impact of their operations and products, fell for the first time in six years as regulatory and stakeholder pressure builds, according to a new report by ESG data science company RepRisk, although the study also found that severe greenwashing cases continue to increase, and that progress is…