Principles announced by Treasury Secretary Janet Yellen put emphasis on Scope 3 reporting from financial institutions and measurable targets. New Principles on the US Department of the Treasury will make net zero investment the “expectation for all financial sector actors”, US-based investor network Ceres has told ESG Investor. As part of New York Climate Week in September, US…
Oxy, ADNOC Partner on Potential Megaton-Scale Carbon Capture Facility in UAE
Energy giants Occidental and Abu Dhabi-based ADNOC announced a new agreement to launch an engineering study aimed at assessing the feasibility of building a new 1 million tonne-per-year Direct Air Capture (DAC) facility in the UAE. The facility would be one of the largest DAC projects in the world, as well as the first megaton-scale DAC facility outside the U.S….
Hormel Foods Commits to Value Chain Emissions Reduction
Global branded food company Hormel Foods announced today a series of new climate targets, including a goals to reduceabsolute greenhouse gas (GHG) emissions from its operations 50%, and within its supply chain 27.5% by 2030, compared to a 2019 base year. The company said that its GHG reduction targets have been validated by the Science Based Targets initiative (SBTi), adding…
BNP Paribas AM Launches New Fossil-Free Fixed Income Funds
BNP Paribas Asset Management announced the expansion of its ESG fixed income ETF range, with the launch of the new BNP Paribas Easy € Corp Bond SRI Fossil Free Ultrashort Duration UCITS ETF and BNP Paribas Easy USD Corp Bond SRI Fossil Free UCITS ETF. Each of the new funds are classified as Article 8 under the EU’s Sustainable Finance…
Energy Analytics Startup Amperon Raises $20 Million
Amperon Holdings, which uses AI to forecast energy usage and supply for energy markets, raised $20 million in Series B funding, with proceeds to be used to unlock more value from grid data and advance electricity forecasting innovation, enabling businesses to navigate the energy complex and accelerate grid decarbonization. Founded in 2018, Houston-based Amperon builds AI-powered electricity analytics for energy market participants,…
Guest Post: Technology is Unlocking New Opportunities for Sustainability. Will Businesses See Them?
By: Christina Shim, Global Head of Product Management & Strategy, IBM Sustainability Software Next month, scientists, political leaders, and business people from around the world will gather in Dubai for the 28th United Nations Climate Change Conference. The annual event, billed COP28, will come after the hottest summer in recorded history and some of the most extreme and destructive flood…
EU Launches Anti-Dumping Investigation Against Chinese Electric Vehicles
The European Commission announced today that is has officially launched an anti-subsidy investigation on imported electric vehicles from China, after finding that a surge in heavily subsidized EVs posed a threat to the EU’s automotive industry. The investigation follows months of pressure from France on the Commission to initiate an anti-dumping probe against EV companies in China, although other countries…