Global wine and spirits company Bacardi announced today the opening of a new Combined Heat & Power (CHP) system at its rum distillery in Puerto Rico, anticipated to cut the BACARDÍ rum brand’s greenhouse gas (GHG) emissions in half. The new CHP system replaces heavy fuel oil with propane gas, which is a relatively cleaner energy solution, at the facility,…
Morgan Stanley’s Institute for Sustainable Investing and the Stanford University-based Natural Capital (NatCap) Project announced the development of a new tool aimed at enabling companies and investors to assess the potential impacts of projects and activities on natural ecosystems. The new ecosystem footprinting tool is open-source and free for use. According to Morgan Stanley and Stanford, the launch of the…
Construction materials and services company Saint-Gobain announced a new 100 MW, 15-year renewable Power Purchase Agreement (PPA) with TotalEnergies, aimed at helping to decarbonize the company’s North American industrial sites. The agreement marks Saint-Gobain’s third PPA in North America, and is expected to offset the company’s emissions from electricity by 90,000 metric tons per year. Combined, the three PPAs are…
Only 1 in 4 companies are at advanced stages of preparation to obtain independent assurance on their reported ESG information, even though 66% are required to disclose ESG data or expect to be soon – including 78% of listed companies – according to a new survey released by global professional services provider KPMG. For the study, KPMG surveyed senior executives…
Battery manufacturer Northvolt announced plans to build a new gigafactory near Montreal, Canada, with investment in the first phase of the project to begin operations in 2026 anticipated to reach US$5 billion. The project marks Northvolt’s first gigafactory outside of Europe. Founded in 2016, Sweden-based Northvolt has pioneered a sustainable model for battery manufacturing, with a goal to deliver batteries…
Nature Action 100, an investor engagement initiative with 190 institutional investors representing nearly $24 trillion in assets announced its list of 100 companies to be targeted in a campaign aimed at driving corporate action to address nature loss and biodiversity decline. Companies targeted by the campaign include Amazon, McDonald’s, Nestlé, Walmart and Glencore. According to Nature Action 100, companies were…
Steel manufacturer Nucor and clean energy startup Helion announced an agreement to develop a 500 MW fusion power plant at a U.S.-based Nucor steel manufacturing facility, providing the facility with zero-carbon electricity. According to the companies, the collaboration marks the first fusion energy agreement of this scale, and a significant milestone towards industrial decarbonization. Nucor also announced a $35 million…