Australia’s competition regulator the Australian Competition and Consumer Commission (ACCC) announced today the release of its final guidance on environmental claims, aimed at helping companies comply with rules to avoid misleading green marketing and advertising green claims, and protecting consumers from greenwashing. The new guidance follows the publication of a study by ACCC earlier this year that found that 57% of companies…
Investment giant BlackRock announced today the release of its 2024 Private Markets Outlook, identifying the low-carbon transition as one of a few key “mega forces” that it expects to drive “major investment opportunities” over the next year, and calling out specific infrastructure-related areas including clean energy and electrification. In its report, BlackRock highlights the “massive reallocation of capital” expected to…
The UK’s Competition and Markets Authority (CMA) announced today that it has formally launched an investigation into Unilever, examining the global consumer brand giant’s green claims, after an initial review revealed “a range of concerning practices” that the company may be overstating the environmental attributes of some its products. In a statement today from a Unilever spokesperson, the company said…
Climate tech startup Terrascope announced today the launch of a new module on its enterprise decarbonization platform aimed at enabling the measurement and management of Forest, Land, and Agriculture (FLAG) emissions. The forest, land and agriculture sector is one of the most significant sources of global greenhouse gas (GHG) emissions, second only to the energy sector, and is among the…
Fashion sustainability-focused nonprofit Apparel Impact Institute (Aii) announced today that HSBC has joined as a philanthropic funder of its $250 million Fashion Climate Fund (FCF). Launched last year, with lead funders including Lululemon, H&M Group, H&M Foundation, and the Schmidt Family Foundation, the fund seeks to drive actions and solutions supporting the industry’s goal to halve emissions by 2030, with…
S&P Dow Jones Indices (S&P DJI) announced the results of its annual rebalancing and reconstitution of its flagship Dow Jones Sustainability Indices (DJSI), its series of global, regional and country benchmarks, measuring the performance of companies using ESG criteria. High profile changes to the Dow Jones Sustainability World Index (DJSI World), which comprise the top 10% of the largest 2,500…
Global alternative investment manager Apollo announced today the launch of Global alternative investment manager Apollo announced today the launch, a new fund aimed at offering European wealth investors with access to clean energy and sustainable industry-focused private equity investment opportunities. European Long-term Investment Fund, or ELTIFs, are investment vehicles designed to enable investors to invest in companies and projects that…