Global insurance provider Zurich Insurance Group and risk capital and human capital solutions provider Aon announced the launch of a new clean hydrogen insurance facility, providing coverage for blue and green hydrogen projects with capital expenditures of up to $250 million. Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly…
Energy giant Shell announced today that it has decided to pause construction on its large-scale biofuels facility in the Netherlands, citing market conditions. Shell announced its final investment decision on the Rotterdam-based facility in 2021, with anticipated capacity of 820,000 tonnes a year of biofuels production, and production initially targeted to begin in 2025, making it one of the largest…
Only around one in five of finance executives at large companies believe that they are well prepared to meet upcoming requirements to report and seek external assurance on climate-related risks and opportunities, even as the vast majority anticipate sustainability reporting requirements to increase over the next few years, and as more prepared executives are more likely to view sustainability as…
Sustainability platform CO2 AI announced the launch of Product Footprinting, a new AI-powered solution aimed at enabling companies to compute carbon emissions for products and reduce environmental impact. Paris-based CO2 AI provides solutions aimed at helping large and complex organizations to measure impact and identify levers to reduce impact at scale, leveraging artificial intelligence. According to the company, the new…
Telecommunications company Vodafone’s digital communications solutions unit Vodafone Business announced today the launch of Vodafone Business ESG Navigator, a new software solution aimed at enabling companies to address their sustainability reporting needs, with a particular focus on the EU’s Corporate Sustainability Reporting Directive (CSRD), in collaboration with sustainability reporting software provider Envoria. Founded in 2018, Munich-based Envoria provides solutions enabling…
Global integrated risk assessment firm Moody’s and investment data and research provider MSCI announced today the launch of a new strategic partnership, with each company gaining access to each others’ sustainability and business databases to enable the launch of new data-driven ESG investing and sustainable finance solutions. Under the new partnership, Moody’s will use MSCI’s sustainability data and models, including…
Investment management firm Fidelity International announced that it has revised its sustainable investing framework, launching a new 3-tiered system categorizing funds by their level of ESG integration, citing an evolving ESG client and regulatory landscape. The revised framework comes amidst a series of new regulatory requirements for asset management firms marketing and managing sustainability-focused investment funds, including the EU’s Sustainable…
Google and BlackRock announced today a new clean energy-focused partnership in Taiwan, with Google investing into solar developer and BlackRock portfolio company New Green Power (NGP), and sourcing renewable energy from its solar pipeline to power its data centers and facilities in the region. According to the Taiwan Ministry of Economic Affairs, Taiwan, which currently generates nearly 85% of its…
