Australia-based telecommunications and information services company Telstra announced today that it will no longer be using carbon credits to offset its operational carbon emissions, shifting focus instead to investments in decarbonization projects to reduce its direct emissions footprint. In addition to moving away from offsetting, Telstra also announced an increase in its decarbonization goals, raising its scope 1 and 2…

Carbon removal solutions provider Carbonfuture and Swiss Re announced today that they have signed a new biochar carbon removal (BCR) agreement, with Swiss Re purchasing at least 70,000 tonnes of BCR credits, sourced from Carbonfuture partner Exomad Green’s new Riberalta facility in Bolivia. Biochar, or biological charcoal, is produced by heating biomass, such as forest residue, wood or crop waste,…

ISS ESG, the sustainable investment arm of ISS STOXX, announced today the launch of its enhanced Modern Slavery solution, aimed at helping investors monitor and report their risks around modern slavery in their portfolios. According to ISS ESG, the launch comes as investors face ongoing scrutiny regarding portfolio holdings involved in controversies such as forced and child labor and human…

Brookfield Asset Management (BAM) and UAE-backed climate investment platform ALTÉRRA announced the launch of the Catalytic Transition Fund, aimed at directing capital into clean energy and transition assets in underserved emerging economies. The new fund, to be managed by Brookfield, is being launched with a $1 billion anchor commitment from ALTÉRRA, with a target to catalyze up to $5 billion…

Google announced its first-ever Clean Transition Tariff-based (CTT) supply agreement, rolling out a new market rate structure aimed at accelerating the next generation of clean technologies, and facilitating investment in clean energy, while helping companies meet their climate goals. Renewable energy purchases are often made through Power Purchase Agreements in which a buyer promises to buy a certain amount of…

Software provider EcoOnline announced the launch of a new Corporate Sustainability Reporting Directive (CSRD) assessment capability within the company’s ESG software solution. According to the company, the new solution aims to simplify the process of collecting data for CSRD, covering European Sustainability Reporting Standards (ESRS) topics and standards, and allowing businesses to efficiently identify material risks, extract data-driven insights, and…