An Amsterdam court ruled today that advertising by Dutch airline KLM containing claims about the environmental sustainability of aviation, the impact of initiatives such as the use of sustainable aviation fuels, and asking consumers to join the airline in ‘creating a sustainable future’ were misleading and unlawful. In its ruling, the court said that KLM had made environmental claims in…
The Texas State Board of Education announced on Tuesday the termination of an investment with BlackRock, pulling $8.5 billion in funds from the investment giant, with a statement by the Board’s Chairman Aaron Kinsey citing BlackRock’s “dominant and persistent leadership in the ESG movement.” BlackRock, as the largest global investment management company, and a leading voice in the investment community…
Real estate and infrastructure-focused ESG data provider GRESB has announced the launch of REAL Solutions, a new planned suite of tools aimed at providing real asset managers and investors with actionable insights into the sustainability, resilience and efficiency of assets. According to GRESB, the launch of the new product suite follows a shift by investors and managers from a need…
Logistics giant DHL Express announced today a new strategic partnership with UK-based international bank Standard Chartered to co-invest in Sustainable Aviation Fuel (SAF) through DHL’s GoGreen Plus service, enabling Standard Chartered to balance its upstream logistics emissions with carbon credits. DHL’s GoGreen service provides shippers with the option of climate-neutral shipping through investments in internationally recognized climate protection projects to…
Energy provider Constellation Energy announced today that it has raised $900 million through a green bond offering, the first of its kind in the U.S. that can be used to finance nuclear energy projects. The company said that it will use proceeds from issuance for investments in its nuclear power generation that reduce or avoid carbon emissions or provide other…
The European Parliament’s Legal Affairs Committee announced today that it has approved the revised Corporate Sustainability Due Diligence Directive (CSDDD). The adoption of the bill by the committee, in a 20-4 vote clears a key hurdle towards the final passage of the new rules requiring companies to address their negative impacts on human rights and the environment and across their…
The Fifth Circuit U.S. Court of Appeals released a ruling granting an administrative stay temporarily halting the U.S. Securities and Exchange Commission’s (SEC) new climate-related disclosure rule, marking the latest in a series of challenges to the implementation of the new rule requiring companies to report on climate-related risks and greenhouse gas (GHG) emissions. The court’s ruling comes in response…