UK ad regulator the Advertising Standards Authority (ASA) announced a series of rulings, banning ads from fashion retailers including Nike, Lacoste and Superdry over misleading claims about the sustainability attributes of their products. According to the ASA, the rulings form part of the regulator’s wider investigation of environmental claims in the retail fashion sector, with the ads identified for investigation…

The European Commission announced today plans to invest up to €5.2 billion (USD$6.1 billion) in net zero technology, clean hydrogen and industrial decarbonization projects, using funds generated through its EU Emissions Trading System (EU ETS). The new funding opportunities consist of three calls for proposals, including €2.9 billion earmarked for the Commission’s 2025 Net-Zero Technologies call, €1.3 billion for its…

Telecommunications and media giant AT&T has committed to ending its diversity, equity and inclusion (DEI) policies, and to refrain from DEI-based hiring quotas, training and supplier requirements, in a letter to U.S. Federal Communications Commission Chairman Brendan Carr. The letter by AT&T forms the latest in a series of moves by U.S. companies and investors to pull back on their…

Sustainability-focused financial group Triodos Bank announced the launch of its first integrated Climate and Nature Strategy, combining its climate and biodiversity ambitions into a single strategy across Triodos Bank, and its investment unit, Triodos Investment Management. The new strategy includes a series of targets aimed at rapidly reduce financed emissions, accelerating the energy transition and scaling-up high-integrity nature-based solutions. As…

The European Financial Reporting Advisory Group (EFRAG) announced the release of its finalized proposed revision of the European Sustainability Reporting Standards (ESRS), aimed at significantly simplifying and reducing sustainability reporting requirements for companies under the EU’s Corporate Sustainability Reporting Directive (CSRD). The new proposed ESRS would dramatically cut back reporting obligations for companies under the CSRD, with EFRAG reducing datapoints…

Sustainable investing-focused capital market exchange Green Impact Exchange (GIX) announced today the appointment of Maria Mahl as Chief Product Officer, responsible for leading the execution of GIX’s recently announced product roadmap. Founded in 2022 by former NYSE executives, including CEO Daniel Labovitz, former head of regulatory policy at the NYSE, and Chief Operating Officer Charles Dolan, former Executive Floor Governor…

Nature-based solutions startup Pantheon Regeneration announced a new investment from Microsoft’s Climate Innovation Fund, with proceeds from the investment supporting the scaling of the development of Pantheon’s ecological restoration projects, aimed at reviving biodiversity and removing carbon from the atmosphere. Founded in 2023, Pantheon develops, finances and manages projects that remove and reduce greenhouse gas emissions from the atmosphere while…

The Bank of England (BoE) announced today the release of “Supervisory statement (SS) 4/25 – Enhancing banks’ and insurers’ approaches to managing climate-related risks,” its finalized new policy with stronger expectations for banks’ and insurers’ management of climate-related risks, across areas ranging from board and management accountability, climate risk integration, and climate-related data quality. The new policy replaces the BoE’s…

Crédit Agricole CIB, the corporate and investment banking arm of Crédit Agricole Group, and the  European Investment Bank (EIB) announced the launch of a new strategic agreement aimed at supporting wind energy development in Europe through the mobilization of up to €8 billion of capital for in investments in the sector. Under the new joint initiative, the EIB will provide…

The Partnership for Carbon Accounting Financials (PCAF) announced the launch of its updated Global Greenhouse Gas Accounting and Reporting Standard for the Financial Industry, a new standard aimed at enabling a broad range of financial institutions including banks, asset managers and insurance companies to measure and report GHG emissions related to their financial activities. PCAF is a global partnership of…