Investors must hold companies to account for the lobbying activities of their trade associations, InfluenceMap says. Fossil fuel lobby groups are using decades-old techniques to derail the energy transition, and investors should hold companies to account for their membership of the worst-offending industry associations. That’s the message sent to asset owners through an extensive report by think tank InfluenceMap, which…
States to Drive Mandatory Climate Reporting Forward in U.S. in Absence of SEC Rules: Sustainable Fitch
New laws and regulations at the state and federal levels in the U.S. are anticipated to create mandatory requirements for thousands of companies to provide climate-related reporting, in areas including value chain emissions and climate-related risks, even in the potential absence of climate reporting rules from the Securities and Exchange Commission (SEC), according to a new report by Fitch Group’s…
Guest Post: Talent Mobility’s Crucial Role in the ESG Agenda
By: Dr. Tobias Preising, Global Mobility Services Partner and Tom Frense, Senior Associate, Global Mobility Services at KPMG With ESG increasingly commanding board-level attention, Global Mobility teams are finding ways to help their organizations become more sustainable, diverse and equitable enterprises. Customers, investors, regulators and employees are demanding that companies take responsibility for their impact on the planet and society,…
Climate Tech Startup 44.01 Raises $37 Million to Scale Solution to Turn CO2 into Rock
Carbon sequestration technology startup 44.01 announced today that it has raised $37 million in a Series A funding round, with proceeds aimed at developing and commercializing its technology, and enabling its international expansion. Founded in Oman in 2020, 44.01 provides solutions to eliminate CO2 captured from the air or from hard-to-abate industrial processes by turning it into rock, through its…
Schneider Electric Launches New Sustainability Data Management and Reporting Solutions
Energy and automation digital solutions provider Schneider Electric announced a series of enhancements to its EcoStruxure Resource Advisor energy and sustainability data and reporting platform, with the launch of a suite of new solutions aimed at enabling companies to address new and upcoming sustainability reporting regulatory requirements. According to Schnieder Electric, the updated platform comes amidst an acceleration in corporate…
ESG Today: Week in Review
This week in ESG news: Amazon sets decarbonization expectations for suppliers, achieves 100% renewable energy; EU regulator ESMA tells companies to get data systems in place for sustainability reporting; Microsoft purchases 500,000 tons of carbon removals from Oxy; KPMG launches climate reporting hub; Bain appoints new sustainability practice leader; BlackRock unveils new voting policy for climate-focused funds; GRI launches service…
Canada to Invest up to $1 Billion in Oil Sands Carbon Capture Projects
Canada’s government-backed Canada Growth Fund (CGF) announced the creation of a new strategic partnership with oil and gas producer Strathcona Resources agreement to jointly invest up to C$2 billion (USD$730 million) for the development of carbon capture and sequestration (CCS) infrastructure on Strathcona’s Saskatchewan and Alberta oil sands facilities. CGF commenced operations in 2023, capitalized with $15 billion for deployment…
Bain Appoints Jean-Charles van den Branden as Global Sustainability Practice Leader
Global consultancy Bain & Company announced the appointment of Jean-Charles van den Branden as its new Global Sustainability Practice Leader. According to the firm, in his new role, van den Branden will focus on ensuring that sustainability remains atop the global business agenda, and responsible for accelerating the integration of emerging technology and AI into Bain’s sustainability offerings. Van den…