Renewable energy capacity experienced its strongest growth in decades in 2023, with a 510 GW increase in global capacity additions in the year, up by 50% over 2022, with China emerging as a key driver of the global growth, according to a new report released today by the International Energy Agency’s (IEA). With the dramatic increase seen over the past…
BNP Paribas Asset Management (BNPP AM) announced today the release of its new Global Sustainability Strategy (GSS), updating its approach to applying sustainability considerations in its investments, and including goals to grow its ranges of sustainable and impact investment solutions across themes including climate, nature-based solutions and economic equality. The new sustainability strategy follows the launch in 2019 of BNPP…
Home appliance manufacturer Whirlpool announced today that it has entered into agreements with One Energy to add onsite wind and solar power at two of its Ohio-based washing machine and dishwasher plants, enabling the creation of more than 40 MW of renewable energy, and marking one of the largest behind-the-meter renewable energy projects in the U.S. According to Whirlpool, the…
London-based sustainability advisory and solutions firm Anthesis announced today the acquisition of sustainable business transformation-focused consultancy Revolt, in a move described by the companies as creating “one of the leading purpose, brand activation, communications, reporting and strategy teams globally.” Launched in 2017 by co-founders Alex Lewis and Pete Bardell, London-based Revolt supports C-suite decision makers with innovative large-scale projects across…
BMW Group announced today that its Munich plant will be the first site in its global production network to transition to manufacturing only all-electric vehicles, with the transformation to be completed from the end of 2027. Established in 1922, the Munich plant initially produced aircraft engines, transitioning in 1948 to producing motorcycles, and in 1952 to automobiles. The plant currently…
Global energy and electricity provider Iberdrola announced a €300 million (USD$328 million) ESG-linked green loan from the World Bank, through its private sector investment arm, International Finance Corporation (IFC), aimed at funding renewables projects in countries that depend coal, including Morocco, Poland and Vietnam. The new loan marks an expansion of the collaboration between Iberdrola and the World Bank launched last…
Netherlands-based bank ABN AMRO announced today the appointment of Tanja Kramer as Head of the ABN AMRO Sustainable Impact Fund, with responsibilities including leadership of the fund as well as involvement in origination and execution activities. Launched in 2021, the ABN AMRO Sustainable Impact Fund (SIF) makes direct investments in companies and early stage projects in key transition sectors, targeting…
Index provider S&P Dow Jones Indices (S&P DJI) announced today the launch of the S&P 500 SDG Index and the S&P Global LargeMidCap SDG Index, aimed at offering investors broad-based equity performance measurements and exposure to companies more aligned with the UN Sustainable Development Goals (SDGs). The UN SDGs refer to the 17 categories of goals adopted in 2015 as…