Growing pressure from shareholders for robust ethical guidelines and governance structures seen as sending signal to policymakers. A proposal requesting greater transparency on AI at Apple failed to pass, but saw an optimistic response from experts ahead of what is set to be a busy year increased investor focus on the technology. The proposal – filed by the pension trust…
EU Lawmakers Approve Penalties Including Imprisonment, Fines for Environmental Crimes
The European Parliament announced that it has adopted new rules on environmental crimes and related sanctions aimed at strengthening ecosystem protection, including expanding the list of criminal environmental offences, and harmonized sanctions including fines and imprisonment. The new directive, which was approved by MEPs in a 499 – 100 vote, will now proceed to enter into force, with EU member…
Businesses Embedding Sustainability Outperforming on Profitability, Talent Attraction: IBM Survey
Companies that embed sustainability into their operations are likely to experience significant benefits over their peers in areas including revenue growth, profitability and talent attraction, even without spending more on their sustainability efforts, according to a new global survey of senior executives released by IBM. For the new study, IBM’s Institute for Business Value (IBV), in collaboration with Oxford Economics,…
Munich Re’s MEAG Raises Over $200 Million for Sustainable Forestry Fund
Munich Re Group’s asset manager MEAG announced today that it has raised $207 million in capital commitments at the first closing of its MEAG Sustainable Forestry Equity Fund. Launched in 2022, the Article 9 fund invests in ecologically sustainable forest management, in alignment with the definition of the EU Taxonomy, in addition to contributing to several of the goals of…
Carlyle Hires Former Goldman Sachs Commodities Research Head Jeff Currie for New Energy Transition Role
Global investment firm Carlyle announced today the appointment of former Goldman Sachs head of commodities research Jeff Currie as Chief Strategy Officer of Energy Pathways. In the newly created role, Currie will have responsibility for analyzing commodity market trends and evaluating new investment opportunities across energy markets and the commodity supply chain central to the energy transition. Currie served at…
British Airways Parent IAG Signs Deal for Nearly 1 Billion Liters of Sustainable Aviation Fuel
International Airlines Group (IAG), the parent company of airlines including Aer Lingus, British Airways, Iberia, Vueling and LEVEL, announced today its largest Sustainable Aviation Fuel (SAF) purchase agreement to date for nearly 1 billion liters of SAF, with Twelve, a company that produces a synthetic aviation fuel made from CO2, water, and renewable energy known as e-SAF. Founded in 2015,…
Climate Consultancy South Pole Appoints Daniel Klier as New CEO
Decarbonization-focused consultancy and carbon project developer and solutions provider South Pole announced today the appointment of Daniel Klier as its new Chief Executive Officer. Klier will assume the role beginning in May 2024, taking over from interim CEO John Davis. Klier joins South Pole from sustainability data and technology platform ESG Book, where he currently serves as CEO. Prior to…
Singapore to Introduce Mandatory Climate Reporting Beginning 2025
Singapore will implement mandatory climate-related reporting requirements for listed and large non-listed companies, with obligations for some to begin disclosing in line with the IFRS’ International Sustainability Standards Board (ISSB) standards starting as early as 2025. The new rules were announced today in the Parliament of Singapore by Second Minister for Finance Chee Hong Tat, with details of the new…