Italian energy company Eni announced today that it has signed an exclusivity agreement with alternative asset and private equity investor KKR to advance the potential sale of a 20% – 25% stake of Eni’s mobility transformation and biofuels-focused business, Enilive. The potential transaction would value Enilive at between €11.5 billion and €12.5 billion (USD$12.5 – $13.6 billion). Eni launched the…
The U.S. Environmental Protection Agency (EPA) announced more than $4.3 billion in grants for projects in 30 states aimed at reducing greenhouse gas emissions across the transportation, electric power, commercial and residential buildings, industry, agriculture, and waste and materials management sectors. The new awards were made under the Climate Pollution Reduction Grants program, which provides grants to states, local governments,…
Logistics giant DHL and green technology provider Envision Group announced today a new partnership aimed at advancing sustainability innovations in logistics and energy, with a particular focus on sustainable aviation fuel. Founded in 2007, Shanghai-based Envision provides renewable energy system solutions for global enterprises, governments and institutions, with a focus on areas including smart wind turbines, energy storage, and green…
By: Mark Mellen, Industry Principal – ESG, Workiva The pause on the U.S. Securities and Exchange Commission’s (SEC) climate disclosure rule has injected a dose of uncertainty into the world of environmental, social, and governance (ESG) reporting. However, this development should not be misconstrued as a sign of a slowdown in the global movement toward standardized ESG transparency. Regardless of…
Sustainable business transformation-focused consultancy Revolt announced today the appointment of former BBDO President and CEO Kirsten Flanik to the newly created role of CEO, North America. The appointment follows the acquisition earlier this year of Revolt by London-based sustainability advisory and solutions firm Anthesis, and forms part of the company’s initiative to bolster its presence in the U.S. market. Revolt…
UAE-based clean energy-focused developer Masdar announced that it has raised $1 billion through the issuance of green bonds, with proceeds aimed at investing in new renewable energy projects. According to Masdar, demand for the bonds was strong, with the offering 4.6x oversubscribed. The offering consisted of $500 million each of 5- and 10-year bonds, and final allocations consisted of 70%…
Our global food system faces a critical challenge: ensuring food security for a growing population while minimising environmental impact. To achieve this, a significant transformation of our food sustainability practices and supply chains is crucial. This challenge took centre stage at the “Revolutionising Food Sustainability and Supply Chains” panel discussion at Reset Connect 2024, sparking exciting ideas for the future…
This week in ESG news: HSBC launches new infrastructure business to go after low carbon transition opportunities; three quarters of companies plan to invest in ESG reporting tech, Deloitte survey finds; Schneider Electric launches new sustainability data management solutions; Starbucks, Mercedes-Benz to build EV charging network across U.S.; states will drive mandatory climate reporting for U.S. companies even if SEC…