Air New Zealand revealed today that it has removed its 2030 science based carbon intensity reduction target, and that it will withdraw from the Science Based Targets initiative (SBTi). Initially set in 2022, and validated by the SBTi, Air New Zealand’s ambition targeted a 28.9% reduction in carbon intensity by 2030, from a 2019 baseline, of the associated with the…

The Global Reporting Initiative (GRI), one of the leading organizations promoting standardized ESG reporting, and the Taskforce on Nature-related Financial Disclosures (TNFD) announced today the publication of a joint interoperability mapping resource, a new guide aimed at helping companies looking to report on nature-related and biodiversity risks and impacts using both the GRI Standards and TNFD recommendations, and to avoid…

Sustainability professionals are grappling with balancing the positive and negative aspects of their companies’ implementation of artificial intelligence on their climate and sustainability initiatives, with many worried about the environmental impact of the new technology, while also anticipating benefits ranging from AI’s ability to support supply chain management efforts to ESG reporting and regulatory compliance, according to a new survey…

International Airlines Group (IAG), the parent company of airlines including Aer Lingus, British Airways, Iberia, Vueling and LEVEL, announced today an agreement with Madrid-based energy company Repsol for the purchase of more than 28,000 tonnes of sustainable aviation fuel (SAF) over the next six months. The agreement marks the largest-ever SAF purchase in Spain to date, according to the companies….

ESG software startup osapiens announced today that it has raised $120 million in a Series B financing round, with proceeds aimed at accelerating the company’s international expansion and supporting investment in its technology platform. Founded in 2018, Mannheim, Germany-based osapiens provides compliance and sustainability reporting solutions aimed at helping companies to create transparency and sustainable growth across the value chain,…

Consumer-focused investment firm L Catterton announced today the appointment of Devon Leahy as its new Global Head of Sustainability. In her new role, Leahy will be responsible for supporting L Catterton’s portfolio companies with a range of sustainability-focused projects and value-creation initiatives. Scott Dahnke, Global Co-CEO of L Catterton, said: “As we continue to strengthen our resources and capabilities to…

France-based water and wastewater services and energy provider Veolia announced that its decarbonization targets have been approved by the Science Based Targets initiative (SBTi), and that its net zero transition plan has been rated as “Advanced” by international ratings agency Moody’s. The achievements make Veolia the first to obtain the double validation of its climate commitments, according to the company….

J.P.Morgan has appointed former UK Parliament Member Chuka Umunna as Global Head of Sustainable Solutions & EMEA Head of Green Economy Investment Banking. Umunna, who has been leading J.P.Morgan’s EMEA ESG and green economy investment banking practice will now co-lead the global ESG practice. J.P.Morgan’s Sustainable Solutions investment bankers provide advice and transaction support to advance sustainability solutions for the…

This week in ESG news: EU regulator calls for sustainability disclosure requirements for all financial products; UK to require SAF on flights from 2025; KLM plans hydrogen-powered flight; Airbus and partners launch $200 million sustainable aviation fuel fund; U.S. invests $4 billion to reduce GHG emissions in key industries; UK launches $10 billion renewable energy investment platform; BCG, CDP report…