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Amazon Launches Free Climate Solutions Platform to Help Decarbonize Supply Chain

Amazon Launches Free Climate Solutions Platform to Help Decarbonize Supply Chain

Amazon announced the launch of the Sustainability Exchange, a new platform offering free access to sustainability tools and resources used by the company to decarbonize its operations, aimed at sharing its learnings and experiences to help other companies – particularly those in its supply chain – to address their climate footprint. The launch of the new platform follows Amazon’s co-founding,…

Amazon to Require Key Suppliers to Provide Decarbonization Plans

Amazon to Require Key Suppliers to Provide Decarbonization Plans

Amazon announced that it has set climate-related expectations for key suppliers, including providing decarbonization plans, and that it will prioritize working with suppliers committed to reaching net zero, as part of the company’s efforts to tackle its value chain emissions. The new requirements form part of Amazon’s initiatives to reach its goal to achieve net zero carbon emissions by 2040….

Green Economy Outperforms Global Market Over Past 10 Years, Second Only to Tech: LSEG

Green Economy Outperforms Global Market Over Past 10 Years, Second Only to Tech: LSEG

The market for environmental and climate solutions, or “Green Economy” has grown substantially faster than the broader market, both in terms of revenue and valuation, and if treated as a standalone sector, has outperformed all other industries except for the technology sector over the past ten years, according to a new study released by the London Stock Exchange Group (LSEG)….

Guest Post – Mixed Messages: Making Sense of Today’s Proxy Landscape

Guest Post – Mixed Messages: Making Sense of Today’s Proxy Landscape

By: Jamie C. Smith, EY Americas Center for Board Matters Investor Outreach and Corporate Governance Specialist Investors are continuing to hold fast to their conviction that environmental and social factors can materially impact long-term financial value. Heading into the 2024 proxy season, nearly all – 98% − of the 50 investor stewardship leaders representing $50 trillion in assets under management…

Petrochemical Groups Urged to Back Plastics Treaty

Major asset owners and managers call on oil and chemicals giants to stop lobbying against curbs on plastic production. A group of 70 global investors has called on the petrochemicals industry to stop blocking progress on reducing plastic pollution, after the sector successfully lobbied to be excluded from discussions over a global plastics treaty. The statement, published on Thursday by…

CLIMATE LITIGATION – THE GRANTHAM RESEARCH INSTITUTE ON CLIMATE CHANGE AND THE ENVIRONMENT PUBLISHES ITS 2024 GLOBAL TRENDS IN CLIMATE LITIGATION REPORT

According to the Grantham Institute’s 2024 Global Trends in Climate Change Litigation Policy Report (the “Report“) – which was published on 27 June 2024 – climate-related litigation against private sector actors continues to be on the rise. The Report highlights that over 230 climate-related lawsuits have been initiated against corporations and trade associations since 2015, with over two thirds of…

LGPS Support Augments UK Solar Fund

As institutional investors help further surpass fundraising target, NextEnergy Capital calls on Labour government to provide policy certainty and tackle grid connection challenges. Solar energy-focused asset manager NextEnergy Capital’s (NEC) UK-focused fund has exceeded its original fundraising target by 30% thanks to additional capital provided by local government pension schemes (LGPS), bringing total funds committed to £653 million (US$840.5 million)….

Amazon Hits 100% Renewable Energy Goal

Amazon Hits 100% Renewable Energy Goal

Amazon announced today that it has achieved its goal to power its global operations with 100% renewable energy, hitting the milestone in 2023, 7 years ahead of its initial target. Amazon first announced its clean energy goal in 2019, pledging to match all of the electricity consumed across its global operations, including data centers, corporate buildings, stores and fulfillment centers,…

GRESB Launches Transition Risk Analytics Solution for Asset Managers

GRESB Launches Transition Risk Analytics Solution for Asset Managers

Real estate and infrastructure-focused ESG data provider GRESB announced the launch of its new Transition Analytics solution, a new set of emissions and activity analytics aimed at helping asset managers and owners to manage transition risk, engage their portfolio companies with detailed insights, and meet environmental commitments and reporting requirements. According to the company, Transition Analytics provides users with a…

THE UK FOREST RISK COMMODITY REGULATION (“UKFRC”) ONE TO WATCH IN THE COMING YEAR

Deforestation is now the second leading cause of climate change globally, after burning fossil fuels, and is responsible for around 11% of all greenhouse gas emissions.  In the last 60 years more than half of tropical forests worldwide have been destroyed, reducing biodiversity and endangering rare species (see Fifth Special Report of Session – 2023-24:  The UK’s contribution to tackling…