A selection of the major stories impacting ESG investors, in five easy pieces. The Energy Permitting Reform Act was introduced in the US, while Australia and New Zealand pledged to strengthen their economic and investment ties to advance the climate transition. Across the pond – Despite headwinds largely linked to Republican candidate Trump’s presidential campaign, climate action and policymaking did…
Australia Court Fines Mercer $7.4 Million for Misleading Sustainable Investment Claims
The Federal Court in Australia issued a judgement Friday, ordering Marsh McLennan company Mercer Superannuation to pay an A$11.3 million ($USD7.4 million) penalty for making false claims about some of its sustainable investment options. Mercer has admitted to the allegations in the case. The judgement follows the launch of the court action early last year by Australia’s corporate, markets, and…
JetBlue Purchases Sustainable Aviation Fuel for Use at New York’s JFK Airport
JetBlue and fuel provider World Fuel Services announced a new supply agreement for up to 5 million gallons of sustainable aviation fuel (SAF) for use at New York’s JFK airport, with deliveries beginning as early as the fourth quarter of 2024. According to the new agreement, World Fuel will supply blended SAF provided by Valero Marketing and Supply Company, consisting…
Masdar, TotalEnergies Explore New Green Methanol & SAF Plant to Decarbonize Hard-to-Abate Industries
UAE-based clean energy-focused developer Masdar announced today a new agreement with France-based energy company TotalEnergies, to assess the development of a commercial green hydrogen to methanol to Sustainable Aviation Fuel (SAF) project in Abu Dhabi. According to Masdar, the focus of the new project will be to help decarbonize hard-to-abate sectors, such as the aviation and maritime industries. The project…
Microsoft Purchases 80,000 Tons of Carbon Removals from U.S. Forest Management Project
Microsoft announced the purchase of 80,000 Tons of Carbon tons of carbon removals from the Northern California-based Western Rivers Conservancy’s Blue Creek Improved Forest Management Project, facilitated by climate solutions provider 3Degrees. Managed by Oregon-based non-profit conservation organization, Western Rivers Conservancy (WRC), the project generates carbon and sustainable timber revenue, rejuvenating old-growth habitat and improving the health of the Blue…
CBRE Acquires Singapore-Based Sustainability Advisory Firm Paia Consulting
Commercial real estate services and investment firm CBRE announced today the acquisition of Singapore-based sustainability advisory firm Paia Consulting, with the transaction aimed at significantly expanding CRBE’s sustainability offerings for occupier and investor clients. Founded in 2002, Paia provides advisory services aimed at helping companies assess ESG risks and opportunities, and implement sustainable solutions, with a focus on sustainability strategy,…