Steelmaking and mining company ArcelorMittal announced plans to construct a €1.3 billion (USD$1.5 billion) electric arc furnace (EAF) in Dunkirk, France, marking a major step in the decarbonization of its European steel production. Steelmaking is one of the biggest emitters of CO2 globally, and one of the more challenging sectors to abate, with total greenhouse gas emissions (GHG) from the…
The U.S. Securities and Exchange Commission (SEC) has placed anti-greenwashing rules put in place by the Commission during the Biden administration setting criteria for ESG and sustainability-labelled investment funds under review, according to comments by SEC Chair Paul Atkins. Testifying at a hearing by the U.S. House Financial Services Committee, when asked about finalized rules passed by the SEC under…
European Commission President Ursula von der Leyen defended the EU’s carbon pricing mechanism at an industry conference on Wednesday, noting the system’s progress on decarbonizing industry, and calling on member stated to dramatically increase their reinvestment of revenues from the system back into industrial innovation, to help address concerns from emissions intensive sectors over the impact of the program. Von…
Guest post by: Sebastien Cross, Co-founder and Chief Innovation Officer, BeZero Carbon The adoption of the first voluntary certification methodologies under the Carbon Removal and Carbon Farming (CRCF) Regulation is a meaningful step forward for European climate policy. By setting out common standards, the EU is starting to build the infrastructure required for permanent carbon removals. This progress matters for…
Real estate sustainability data solutions provider Deepki announced the acquisition of energy management company Sobre Energie, in a move described by the company as aimed at expanding its capabilities in the management of the energy performance of real estate. Paris-based Sobre Energie was founded in 2016 and provides energy management and energy-efficiency services for commercial and public real estate portfolios,…
Deutsche Bank announced that it has raised €500 million (USD$593 million) in a new green bond offering, the first by the bank to be issued under the EU’s European Green Bond (EuGB) standard. Adopted by the EU in November 2023, and taking effect in December 2024, the EuGB regulation was launched by the European Commission to establish a “gold standard” for green bonds,…
The European Commission announced the adoption of new measures under its Ecodesign for Sustainable Products Regulation (ESPR), including the introduction of a ban on the destruction of unsold apparel, clothing, accessories and footwear. The new measures follow the adoption of the EU’s ESPR regulation in 2024, empowering the Commission to adopt ecodesign requirements for products to improve their environmental sustainability….
The vast majority of companies have continued to advance their sustainability initiatives over the past year despite a shifting regulatory environment, although more than 40% said they continue to do so while also being more cautious about communicating externally on sustainability, according to a new survey released by business data and reporting solutions provider Workiva. For the study, Workiva’s 2026…
Global property and casualty insurer Liberty Mutual Insurance’s investment firm Liberty Mutual Investments (LMI) and industrial decarbonization-focused private equity firm Ara Partners announced the formation of a new cross-platform partnership targeting investments across energy and infrastriucture. According to Ara Partners, the new collaboration includes a strategic commitment from LMI to support Ara’s Energy and Infrastructure investment platforms, and will also…