Research finds negligible decline in state-forced labour despite regulatory efforts, as Asia’s central position on issue draws eyes to Uyghur solar supply chain risk. Private sector profits from forced labour have surged by 37%, a new report from the International Labour Organization (ILO) has revealed, with annual gains from the practice totalling US$236 billion. The research highlighted that 27.6 million…
GRESB Launches New Suite of Sustainability Data Solutions for Real Estate Managers and Investors
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…
Standard Chartered, DHL to Co-invest in Sustainable Aviation Fuel
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…
Constellation Energy Issues First Nuclear-Focused Green Bond in U.S.
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…
Watered-down Supply Chain Sustainability Due Diligence Law Passes First Hurdle in EU Parliament
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…
US Court Temporarily Pauses SEC Climate Disclosure Rule
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…
Master UK Government Contracts & Social Value with Rio AI
Are you a supplier into a UK government body? Did you know that it’s imperative to have a Net Zero carbon commitment and a plan to get there if you are bidding for government contracts? The UK Social Value Act should also be on your radar – sustainability is more than carbon – as you may need to outline how…
Google Signs 430 MW Carbon Free Energy Deal in Arizona
Google announced a new agreement with Arizona-based water and electricity provider Salt River Project (SRP) to bring more than 430 MW of carbon-free energy capacity to the Arizona grid, and supporting the company’s clean energy goals. Google parent Alphabet announced a 24/7 carbon-free energy (CFE) ambition in 2020, aiming to run its entire business on carbon-free energy by 2030, matching electricity…
TotalEnergies Acquires Carbon Capture Business from Talos Energy for $148 Million
TotalEnergies and Houston, Texas-based energy exploration and production company Talos Energy announced today the acquisition by TotalEnergies of Talos’ carbon capture and storage (CCS) business, Talos Low Carbon Solutions, for a total transaction value of $148 million. TotalEnergies has set a climate goal to achieve net zero emissions by 2050, and the company said that its focus is first to…