U.S. federal agency The Equal Employment Opportunity Commission (EEOC) announced that it has filed a lawsuit in a federal court against the New York Times, alleging that the company violated laws prohibiting race- and sex-based discrimination by passing over a white male employee for a promotion due to its Diversity, Equity, and Inclusion (DEI) policies. In a statement provided to ESG…
Amazon and cooling and dehumidification technology company Transaera announced a new agreement to deploy Transaera’s next-generation heat pump technology across Amazon’s global building network. Founded in 2018 by MIT engineers and materials scientists, Massachusetts-based Transaera develops energy-efficient air conditioning and dehumidification systems designed to reduce the energy consumption and emissions associated with cooling buildings. Under the new agreement, which followed…
The European Parliament may push for increased disclosure and investment requirements for financial products under a new proposed sustainable fund categorization system, according to a new draft report on the review of the Sustainable Finance Disclosure Regulation (SFDR). Key new proposals outlined in the draft report, filed by Rapporteur MEP Gerben-Jan Gerbrandy, include mandatory Principal Adverse Indicator (PAI) disclosures and…
Aberdeen Investments announced the appointment of Kate McGrath as its new Head of ESG, Fixed Income, with responsibility for ESG oversight across the firm’s Fixed Income department’s ESG and sustainability focused strategies and mandates, and thematic strategies spanning the UN SDGs and climate transition. McGrath takes on her new role after 8 years at Aberdeen serving on the Sustainable Investment…
The European Commission announced that it has approved new schemes by Austria and Spain aimed at compensating energy-intensive companies for higher electricity prices due to the impact of carbon prices under the EU Emission Trading Scheme (ETS). According to the Commission, the schemes are aimed at reducing the risk of companies relocating their activities to countries outside the EU with…