Investor-led sovereign debt assessment framework revamps third pillar ahead of issuing first country reports. The Assessing Sovereign Climate-related Opportunities and Risks (ASCOR) project has introduced climate spending indicators in its updated assessment framework to better inform investors on countries’ risk management. ASCOR is an investor-led project working to develop a free, publicly available, independent tool that assesses countries on climate…
Scania Signs Deal with SSAB for 100% Fossil-Free Steel Deliveries by 2030
Sweden-based truck and bus manufacturer Scania and Sweden-based global steel company SSAB announced today a new agreement for fossil-free steel, including a target to decarbonize all steel deliveries from SSAB to Scania’s heavy-duty vehicles in 2030. SSAB is the main steel supplier for Scania’s vehicles. Steelmaking is one of the biggest emitters of CO2 globally, with total greenhouse gas emissions…
Clean Energy Solutions Provider DSD Renewables Raises $250 Million
Clean energy solutions provider DSD Renewables announced today a $250 million strategic investment from broadband, automotive, and media company Cox Enterprises, aimed at supporting DSD’s growth as accelerate its renewable energy deployment. Founded within GE in 2012 as GE Solar, and rebranded as DSD Renewables in 2019, Schenectady, New York-based DSD provides a “one-stop shop” for custom, large-scale commercial, industrial…
DHL to Invest Over $200 Million in Clean Fuels to Decarbonize Supply Chain Unit
DHL Group’s contract logistics division DHL Supply Chain announced today the launch of a new global Green Transport Policy, aimed at setting a global sustainability standard for its transport fleet and substantially reducing emissions, and including a has commitment to invest an additional €200 million (USD$217 million) in investment in fossil fuel alternatives over the next three years. The release…
Biden Announces Over $6 Billion in New Climate Investments
President Biden announced more than $6 billion in investments aimed at strengthening climate resilience in the U.S., targeting areas including the electric grid infrastructure, reducing flood risk, advancing drought resistance, and advancing community-level clean energy deployment and climate justice efforts. Addressing climate change has been a significant focus for the Biden Administration, starting with the return of the U.S. to the…
Nucor Sets Goal for Net Zero Steelmaking Across Value Chain by 2050
Steel manufacturer Nucor Corporation announced a series of new climate targets, including a goal to achieve net zero emissions across Scopes 1, 2 and 3 from the production of hot rolled steel. According to Nucor, the new commitments make the company the first diversified steelmaker in the U.S. to set GHG reduction targets encompassing all three scopes. Steelmaking is one…