Greenhouse Gas (GHG) reporting framework provider GHG Protocol announced the release of consultations on proposed changes to its guidance and accounting methods underlying reporting of emissions from companies’ purchased electricity and electricity sector actions, forming part of the initiative’s efforts to update its suite of corporate standards and guidance. The new consultations cover the GHG Protocol’s Scope 2 Guidance, updating…
Energy giant TotalEnergies and French civil engineering firm Colas announced a renewed three-year partnership aimed at advancing the decarbonization of the construction sector in France and internationally. Under the partnership, TotalEnergies and Colas are developing solutions around three main areas, including scaling up the deployment of multi-energy solutions at construction sites such as renewable biofuels such and battery systems to…
Energy storage provider Return announced today a growth capital investment of €300 million (UD$350 million) from Dutch pension fund manager APG, on behalf of its pension fund client ABP, with the new capital aimed at scaling Return’s battery energy storage platform in Europe. Energy storage forms one of the key building blocks for the clean energy transition, given the intermittent…
Global alternative investment manager Apollo announced the appointment of former Nike Chief Sustainability Officer Jaycee Pribulsky as Partner and Chief Sustainability Officer. In her new role, Pribulsky will be responsible for leading Apollo’s sustainability strategy, which focuses on identifying material risks and opportunities across asset classes, while supporting performance, efficiency and innovation, strengthening long-term value creation and enhancing risk management…
The UK government announced the publication of its new Clean Energy Jobs Plan, including initiatives to recruit and train workers for the clean energy economy, targeting an incremental 400,000 green sector jobs by 2030. According to a government statement, the new plan comes as record government and private sector investment in clean energy in areas including renewables and nuclear is…
A group of leading financial, energy and industrial companies announced today the launch of Carbon Measures, a new coalition aimed at advancing a more accurate and consistent accounting framework to track carbon emissions at the company and product level, and carbon intensity standards for key industrial products. Members of the new carbon accounting-focused coalition include ADNOC, Air Liquide, Banco Santander,…
The International Maritime Organization (IMO), the 176-member state UN agency responsible for developing global standards for shipping, announced that its member states have voted to delay the adoption of the “IMO Net-Zero Framework,” a global agreement aimed at implementing measures to reduce the climate impact of ocean shipping. The establishment of the international net zero shipping framework was delayed despite…
This week in ESG news: Majority of companies continue to increase sustainability investments, report revenue growth from sustainability initiatives – Deloitte survey; U.S. SEC to reconsider rules allowing ESG proposals at shareholder meetings; California delays climate reporting rules; Brookfield’s $5 billion deal to power datacenters with fuel cells; Schroders hits renewable energy milestone; LEGO Group phasing out natural gas; Stegra…
