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,…
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…
UK’s newly appointed Secretary of State for Energy Security and Net Zero, Ed Miliband, announced the launch of Mission Control for Clean Power 2030, a new initiative aimed at accelerating the UK transition away from fossil fuel and towards clean and locally generated energy. The government also announced the appointment of Climate Trust CEO and former Chief Executive of the…
By: Priyanka Bawa, Senior Analyst in the Verdantix ESG & Sustainability practice Despite more net zero targets being set than ever before, and more science-based targets being used to back them, 2022 research from South Pole shows that one in four businesses do not intend to talk about their science-aligned climate targets. In the world of sustainability communication, the following two points…
Investment giant BlackRock unveiled its new “Climate and Decarbonization Stewardship Guidelines,” setting out separate engagement and voting policies for investors specifically focused on the low carbon transition. The launch of the new policy may help BlackRock to navigate the complex pressures facing asset managers to meet growing demand to account for climate-related risk and opportunities in clients’ investment portfolios, while…
The world’s biggest ETS is on track to expand, but will that be enough to give it real carbon-cutting teeth? Back in April, carbon market nerds around the world let out a collective cry of joy. The reason for their jubilation was that one tonne of carbon dioxide under China’s emissions trading scheme (ETS) had shot past the ¥100 (US$14)…
The Global Reporting Initiative (GRI) announced today the launch of its new GRI-ESRS Linkage Service, aimed at enabling companies reporting under its disclosure standards to align with the European Sustainability Reporting Standards (ESRS) underlying the EU’s new Corporate Sustainable Reporting Directive (CSRD). GRI Sustainability Reporting Standards are one of the most commonly accepted global standards for sustainability reporting by companies,…