International banking group Standard Chartered announced the launch of a new ESG-linked cash account, enabling corporate clients to be rewarded, through the credit balance interest rate or fee pricing, for meeting material ESG-related targets. The new ESG-linked cash account forms the latest in a series of sustainability-focused Transaction Banking Cash solutions by Standard Chartered, which also includes the Sustainable Account,…
EV battery-focused tech startup Gaussion announced today that it has raised $12 million in a Series A funding round, with proceeds aimed at advancing its technology to significantly enhance battery performance and enable much faster charging. Founded by Dr Thomas Heenan and Dr Chun Tan, University College London (UCL) spinoff Gaussion provides technology to upscale the performance and viability of…
Carbon assets and investment manager Silva Capital announced today the launch of the Silva Carbon Origination Fund, aimed at providing access to large-scale, high-integrity carbon credits from nature-based projects in Australia targeting reforestation and sustainable agriculture. Alongside the launch, Silva announced the first close of the fund, with mining companies Rio Tinto and BHP and airline company Qantas collectively committing…
Microsoft announced Project ESG Reporting, a new tool aimed at enabling companies to create, review and approve ESG reports across multiple standards and frameworks. According to Microsoft, the new solution, currently in preview, was designed to help organizations solve the challenge of reporting against a variety of voluntary and regulatory reporting frameworks. In a post announcing the launch of Project…
China dominates on wind deployment but other countries are not on track to meet the 2030 goal, says Ember. The goal of tripling global wind power capacity by 2030 – agreed at Dubai last year – is within reach, but governments must urgently ramp up their ambitions, according to a new report by energy think tank Ember. That means reforming…
This week in ESG news: SEC launches court defense of its climate disclosure rules; UK to introduce law to regulate ESG ratings providers; MUFG launches new sustainable finance framework; ICVCM rejects a third of voluntary carbon credits; EU publishes FAQ to help companies implement new CSRD sustainability reporting rules; Citi launches sustainable supply chain finance program with IFC; PwC appoints…
Global energy and electricity provider Iberdrola announced that its has raised $525 million in a new green bond issuance through its U.S. business Avangrid’s subsidiary New York State Electricity and Gas, with proceeds aimed at boosting the company’s U.S. network business. According to Iberdrola, demand for the 10-year offering was strong at more than $2 billion, enabling the company to…