Swedish engineering and manufacturing company SKF announced that it has achieved decarbonized status at six new factories, bringing its total number of decarbonized factories to 9 across its global footprint. SKF’s efforts to tackle the carbon footprint of its factories forms part of the company’s commitment to decarbonize its operations by 2030, and to reach net zero emissions throughout its…
Welcome to the final ESG Today Week in Review for 2025! This week in ESG news: New York to require mandatory GHG emissions reporting for large emitters from 2027; EU to scrap 2035 ban on combustion engine cars; Microsoft signs large scale bioenergy-based carbon removal agreement; BlackRock loses another multi-billion dollar pension fund mandate over ESG policies; Canada to launch…
Member states in the European Council announced on Thursday that they have formally adopted amendments to the EU Deforestation Regulation (EUDR), marking the last major legislative step to introduce a new 1 year delay and simplifications to the new law requiring companies to ensure that products imported to or exported from EU markets no longer contribute to deforestation and forest…
The Government of Canada announced the appointment of the Canadian Climate Institute to lead the development of a new sustainable investment taxonomy, with plans for the initial categorization system to identify green and transition investments to be released by the end of 2026. The announcement follows an initial commitment by the prior Canadian government in 2024 to launch a sustainable…
Climate tech startup InPlanet announced today a new carbon credit purchase agreement with Microsoft, for the delivery of more than 28,500 tonnes of CO2 removal between 2026 and 2028, generated through Enhanced Rock Weathering (ERW) projects in Brazil. Founded in 2022, Brazil and Germany-based InPLanet is developing ERW as a scientifically rigorous pathway for durable carbon dioxide removal and regenerative…
Logistics giant Deutsche Post DHL Group’s air and ocean freight business DHL Global Forwarding announced a new agreement with Air France KLM Martinair Cargo (AFKLMP), expanding their collaboration to the use of emissions reduction rights to help DHL decarbonize air freight and meet its sustainability goals. The new announcement follows an initial agreement between the companies in 2022, with DHL…
ISS STOXX’s benchmark and custom index solutions unit STOXX announced today an agreement to acquire sustainability-focused index and data provider ECPI from investment management solutions company Confluence. Founded in 1997, Milan-based ECPI provides sustainability indices, data, and analytics to the institutional investor community, assisting asset owners and asset managers in developing sustainable investment solutions ranging from investable indices to sustainability…
An increasing proportion of asset owners globally reported implementing sustainability considerations in their investment strategies over the past year, despite geopolitical headwinds, with investment performance and risk management increasingly emerging as top drivers for sustainable investing, according to a new survey released by index provider FTSE Russell. For the report, FTSE Russell’s “8th Annual Sustainable Investment Asset Owner Survey 2025,”…
Indian renewable energy company ReNew Energy Global announced that it has signed a long-term agreement with Google to develop a 150 MW solar project in Rajasthan, India. Under the deal, Google will purchase the environmental attribute certificates from the project, which the company said it will allocated to its Scope 3 emissions. Google’s environmental targets include 2030 goals to reach…
By: Stuart Lemmon, Global Head of Practices at SE Advisory Services For much of the past decade, corporate sustainability has operated in declaration mode: set an ambitious target, publish a roadmap, wait for policy to catch up. That approach has reached its limits. While COP continued to advance the multilateral agenda, for companies it reinforced a harder truth: credibility now…