Kimberly-Clark UK & Ireland, the manufacturer of household brands including Andrex and Kleenex, has become the first major consumer products company in the UK to sign long-term offtaker agreements for green hydrogen, to decarbonize production of products including toilet and facial tissues. The company is partnering with Carlton Power and HYRO – the latter being a joint venture between Octopus…
International banking group Standard Chartered announced the launch of its new Sustainable Escrow and Account Bank solution, aimed at enabling clients to embed sustainability into their cash management, by holding funds in accounts referenced against the bank’s portfolio of sustainable loans and projects. The new offering forms the latest in a series of sustainability-focused Transaction Banking Cash solutions by Standard Chartered,…
The European Commission announced the release of a new Call for Evidence, seeking input on a planned upcoming “environmental omnibus proposal” aimed at simplifying environmental legislation and reducing administrative burdens for companies in areas including circular economy, industrial emissions and waste management. The initiative forms part of a major simplification push in the EU, and follows the release by the…
The International Court of Justice (ICJ), the UN’s principal judicial body, announced the release of its Advisory Opinion on the Obligations of States in respect of Climate Change, indicating that countries have an obligation under international law to reduce greenhouse gas (GHG) emissions and to contribute to climate change adaptation, opening up potential requirements by wealthier nations to pay compensation…
The U.S. Securities and Exchange Commission (SEC) has told the U.S. Court of Appeals that it does not intend to review or revisit its climate disclosure rules for companies, and asked the court to rule on rule on petitions filed against the rules. The SEC also declined to say whether it would uphold the climate disclosure rules if the court ruled…
By: Pierre du Rostu, CEO of AXA Digital Commercial Platform The protection gap describes the difference between the total losses caused by an event and the proportion of those losses covered by insurance. The wider the protection gap, the greater the difference between what needs to be covered and what is. Insurers aim to close the protection gap so that…
Sustainability standards body Gold Standard announced the publication of its Engineered Removals Activity Requirements, a new framework aimed at setting benchmark requirements for the certification of high-integrity engineered carbon dioxide removal (CDR) projects. Engineered removals refer to technology-based solutions that physically extract CO2 from the atmosphere, such as direct air capture (DAC) and bio-energy with carbon capture and storage (BECCS)….
Climate data solutions provider Jupiter Intelligence announced the launch of a series of new tools, aimed at enabling banks and asset managers to quantify physical climate risk within their portfolios and to calculate the ROI on resilience investments. The new tools will form part of Jupiter Intelligence’s flagship ClimateScore Global climate analytics platform. Launched in 2020, the platform was designed…
Goldman Sachs Alternatives announced an agreement by its infrastructure team to acquire non-hazardous liquid waste management services provider Liquid Environmental Solutions (LES), from Boston-based investor Audax Private Equity. Founded in 2002, Texas-based LES manages non-hazardous liquid waste for clients across sectors including restaurant, grocery chain, hospitality, education, and environmental services across the U.S. The company collects, treats, and recovers materials…