Home appliance manufacturer Electrolux announced today that it has set a new science-based climate target to reduce greenhouse gas emissions across its value chain, including in its products and operations. The new target has been approved by the Science Based Targets initiative (SBTi), one of the key organizations focused on aligning corporate environmental sustainability action with the global goals of…

Boston Consulting Group (BCG) announced today a strategic agreement with 1PointFive, the Direct Air Capture (DAC)-focused subsidiary of energy giant Occidental (Oxy), including the purchase of 21,000 metric tons of carbon dioxide removal (CDR) credits over three years. In addition to the carbon removal purchases, BCG will collaborate with 1PointFive through consulting services, including on the development of business processes…

Financial services and solutions provider Apex Group announced today the launch of Holtara, a new ESG solutions subsidiary, combining the firm’s ESG advisory and reporting platform, focused on serving private markets clients. The launch of Holtara follows Apex’ acquisition last year of asset management service provider MJ Hudson’s Data & Analytics business, which included the firm’s ESG & Sustainability advisory…

Renewable energy capacity experienced its strongest growth in decades in 2023, with a 510 GW increase in global capacity additions in the year, up by 50% over 2022, with China emerging as a key driver of the global growth, according to a new report released today by the International Energy Agency’s (IEA). With the dramatic increase seen over the past…

BNP Paribas Asset Management (BNPP AM) announced today the release of its new Global Sustainability Strategy (GSS), updating its approach to applying sustainability considerations in its investments, and including goals to grow its ranges of sustainable and impact investment solutions across themes including climate, nature-based solutions and economic equality. The new sustainability strategy follows the launch in 2019 of BNPP…

Home appliance manufacturer Whirlpool announced today that it has entered into agreements with One Energy to add onsite wind and solar power at two of its Ohio-based washing machine and dishwasher plants, enabling the creation of more than 40 MW of renewable energy, and marking one of the largest behind-the-meter renewable energy projects in the U.S. According to Whirlpool, the…

London-based sustainability advisory and solutions firm Anthesis announced today the acquisition of sustainable business transformation-focused consultancy Revolt, in a move described by the companies as creating “one of the leading purpose, brand activation, communications, reporting and strategy teams globally.” Launched in 2017 by co-founders Alex Lewis and Pete Bardell, London-based Revolt supports C-suite  decision makers with innovative large-scale projects across…

BMW Group announced today that its Munich plant will be the first site in its global production network to transition to manufacturing only all-electric vehicles, with the transformation to be completed from the end of 2027. Established in 1922, the Munich plant initially produced aircraft engines, transitioning in 1948 to producing motorcycles, and in 1952 to automobiles. The plant currently…