Leading construction and mining equipment, engine, turbine and locomotive manufacturer Caterpillar announced today the appointment of George Moubayed as Chief Sustainability and Strategy Officer. Moubayed has been with Caterpillar for over 25 years, joining the company in 1997 as a marketing representative. Most recently, he has been serving as Senior Vice President, responsible for the Enterprise Strategy Division, overseeing the…
Chrysler, Dodge, Jeep, and Citroen parent Stellantis and South Korean battery maker Samsung SDI announced today that they will build a U.S. battery manufacturing gigafactory in the U.S., with the selection of Kokomo, Indiana for the new site. The new project is anticipated to include an investment of more than $3.2 billion. The announcement follows the formation of the StarPlus…
Geothermal heating and cooling technology company Bedrock Energy announced that it has raised $8.5 million in seed capital, with proceeds from the financing to be used to advance its solutions to help decarbonize real estate with carbon-free HVAC systems. Buildings are a significant contributor to global GHG emissions, and one of the hardest to replace, given their long-term nature. Overall,…
Global professional services firm EY and leading enterprise application software company SAP announced an expanded alliance, with the companies collaborating on solutions and services aimed at enabling clients to advance climate and sustainability-related action and reporting. The new collaboration comes as both organizations work to ramp their capabilities and solutions aimed at helping clients manage increasing sustainability and climate-related challenges….
Companies are providing public disclosure on their climate-related risks and opportunities at a substantially greater rate than even a few years ago, according to the Task Force on Climate-related Financial Disclosures’ (TCFD) 2023 Status Report, although significant room for increased reporting remains, with the vast majority of companies not yet reporting across all TCFD recommendations. The new status report marks…
The headlines rarely make for comfortable reading whatever your particular interest but for those of us who worry constantly about climate change the latest reports on September’s weather, and July’s, and August’s, is hard to digest. Yet again another set of records for each month. What stood out about Septembers is that the jump is huge. September beat the previous…
The Finance for Biodiversity (FfB) Foundation has published a guide for financial institutions, explaining how financial institutions can manage biodiversity and climate nexus in their investments and lending. The guide, titled Unlocking the biodiversity-climate nexus, which was presented at the European Business and Nature Summit (EBNS) in Milan on the 11-12 October, was written by FfB Foundation’s Impact Assessment working…
The Biden administration announced the selection of seven sites across the U.S., alongside a $7 billion investment, for the establishment of new clean hydrogen hubs, aimed at dramatically scaling up capacity of low-carbon hydrogen production to decarbonize hard-to-abate industries. According to a White House statement, the hubs are anticipated to collectively produce three million metric tons of hydrogen annually, enabling…