This week in ESG news: Amazon sets decarbonization expectations for suppliers, achieves 100% renewable energy; EU regulator ESMA tells companies to get data systems in place for sustainability reporting; Microsoft purchases 500,000 tons of carbon removals from Oxy; KPMG launches climate reporting hub; Bain appoints new sustainability practice leader; BlackRock unveils new voting policy for climate-focused funds; GRI launches service…
Canada’s government-backed Canada Growth Fund (CGF) announced the creation of a new strategic partnership with oil and gas producer Strathcona Resources agreement to jointly invest up to C$2 billion (USD$730 million) for the development of carbon capture and sequestration (CCS) infrastructure on Strathcona’s Saskatchewan and Alberta oil sands facilities. CGF commenced operations in 2023, capitalized with $15 billion for deployment…
Global consultancy Bain & Company announced the appointment of Jean-Charles van den Branden as its new Global Sustainability Practice Leader. According to the firm, in his new role, van den Branden will focus on ensuring that sustainability remains atop the global business agenda, and responsible for accelerating the integration of emerging technology and AI into Bain’s sustainability offerings. Van den…
Global food and beverage company Nestlé announced today that it has developed Star 4, a new high-yielding Arabica coffee variety aimed at mitigating the impact of climate change on the coffee supply chain, and enabling lower greenhouse gas emissions attributes from coffee farming. According to Nestlé, the new coffee variety is being launched as climate change threatens to reduce the…
WisdomTree Research Director Mobeen Tahir considers whether Toyota is navigating a road to success or steering towards its own downfall. On 28 May, the Financial Times published a news article titled, ‘Toyota bets on new line of combustion engines in challenge to Tesla’. Having previously criticised Toyota’s lack of progress on electric vehicles (EVs), my initial reaction was, is this…