This week in ESG news: Deloitte study finds over 70% of companies have abandoned M&A deals over ESG concerns; CDP launches new sustainability reporting platform; EU regulators call for action on greenwashing in financial sector; H&M warns against use of carbon credits in corporate net zero plans; Climeworks unveils carbon removal tech breakthrough; Kimberly-Clark’s new Chief Sustainability officer; carbon markets…
Consumer brands company Kimberly-Clark announced the appointment of Lisa Morden as its first Chief Sustainability Officer. In her new role, Morden will lead Kimberly-Clark’s Sustainability Function, responsible for operationalizing the company’s climate and sustainability-related initiatives, with a team of global program leaders working to coordinate the execution of programs supporting the company’s climate, energy, environmental stewardship, fiber sourcing, water management,…
Global mining and metals company Rio Tinto announced plans to develop a new facility in Western Australia, aimed at testing the effectiveness of a new low-carbon ironmaking process, including a pilot plant to test production at a semi-industrial scale. Rio Tinto expects to invest $143 million (A$215 million) in the project, which the company said will support the decarbonization of…
Cheng-En Li, Research Analyst at MainStreet Partners, explores how market performance of large-cap companies is influenced by poor ESG practices. While grappling with uncertainty in capital markets caused by the exacerbation in inflation, mounting policy rates, and geopolitical tensions in 2023 and 2024, many institutions are now looking to align themselves more closely with good ESG practices in response to…
Industrial equipment company John Cockerill announced a new agreement to raise €230 million (USD$250 million) for its subsidiary John Cockerill Hydrogen, in a deal led by energy services and technology company SLB, and Belgian public investment institutions SFPIM and Wallonie Entreprendre, and aimed at accelerating the deployment of the company’s electrolyzer technology, enabling the production of green hydrogen. Hydrogen is…