An Austrian court ruled that Austrian Airlines AG misled the public last year when it published ads offering CO2-neutral flights that used 100% sustainable aviation fuel (SAF)., between Vienna and Venice. The greenwashing case was brought by Austria’s Association for Consumer Information (VKI). The ruling ordered the airline to publish information about the case on its social media. Sustainable aviation…
Sustainability technology platform Clarity AI announcd today the launch of a new methodology, aimed at helping index and Etf providers to build and market products aligned with the EU’s Sustainable Finance Disclosure Regulation (SFDR). The EU SFDR forms part of the EU’s Action Plan on financing sustainable growth. The regulation aims to establish harmonized rules for financial market participants including…
Nissan announced that all new models launched by the automaker in Europe going forward will be all-electric going forward, as the company aims to achieve 100% EVs in Europe by 2030. The announcement follows Nissan’s launch in 2021 of its “Ambition 2030 Vision,” which placed vehicle electrification at the core of its long-term strategy, with plans for 2 nearly $18…
The proportion of investment funds in Europe using ESG-related terms in their find names has grown by more than 4 times over the past 10 years, according to a new study released by EU markets regulator the European Securities and Markets Authority (ESMA), as fund managers launched new ESG-related products, and changed the names of funds to incorporate sustainability-related terms….
Global professional services firm EY and tech giant Microsoft announced today the launch of Green Skills Passport, a new free online education program aimed at equipping young people with skills to gain sustainability skills to find green jobs and pursue green economy opportunities. The new program forms part of a collaboration announced between EY and Microsoft last year aimed at…
Global food and beverage company Nestlé announced today the launch of a pilot program to provide weather insurance to smallholder farmers in its Nescafé brand’s supply chain. The company said that the new program comes as climate change pressures coffee-growing areas, with smallholder farmers exposed to the risk of irregular weather conditions affecting their crops. The new program aims to…
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…