Proposed changes by the Greenhouse Gas Protocol (GHG Protocol) to tighten carbon accounting criteria underlying standards for reporting of emissions from companies’ electricity purchases will ultimately slow the corporate uptake of clean energy and reduce the pace of decarbonization, according to a letter by a group of companies, financiers environmental groups and sustainability experts. The letter was signed* by 48…

Guest post by: Sean Daley, Director of Sustainability Consulting at Sphera Sustainability reporting is increasingly demanding more from businesses, shifting the conversation away from announcing commitments toward demonstrating progress, including how those commitments are actually measured and verified. Organisations are increasingly expected to show that their climate targets are supported by strong data that can withstand scrutiny from auditors, regulators,…

This week in ESG news: IFRS Foundation’s ISSB to develop non-mandatory nature-related reporting requirements; bp hit by shareholder revolt over climate; EU unveils strategy to speed shift away from fossil fuels; Shell faces new climate lawsuit; GM hits clean energy milestone in U.S.; most companies sticking with climate strategies, but changing how they talk about it – survey; Apple increases…

Nuclear technology company X-energy announced that has raised over $1 billion through its initial public offering, selling 44.3 million shares at a price of $23, as the company continues to scale up to deploy advanced small modular reactors (SMRs) for companies including Amazon, Dow and Centrica. The IPO results indicated strong demand, with the offering upsized from 42.9 million shares,…

Global professional services firm Accenture has appointed Jens Laue as EMEA Lead Sustainability Services. In his new role, Laue lead the firm’s Sustainability Services in Europe, Middle East and Africa, with responsibility for growing and scaling the business, and orchestrating solutions to create positive impact and durable business outcomes for clients. Laue joined Accenture in 2022, and has most recently…

Alllianz Global Investors (AllianzGI) announced that it has acquired a 51% stake in German battery storage platform Green Energy Storage Initiative (GESI), marking the firm’s second large-scale energy storage investment in the past few months. Founded in 2023, GESI develops, constructs and operates high-performance, digitalized large utility-scale battery storage systems, designed to provide flexibility within energy systems supplied by intermittent…

Paris-based logistics electrification company Decade Energy announced that it has raised €22 million (USD$26 million), with proceeds from the financing aimed at scaling its electric truck infrastructure platform and expanding into new international markets. Founded in 2019, Decade Energy develops battery storage, EV charging infrastructure, and energy optimization software to support the electrification of logistics fleets through an integrated, asset-backed…

Growth-focused private equity investor Lime Rock New Energy (LRNE) announced the final close of Lime Rock New Energy Fund II, raising $640 million to invest in high growth energy transition companies. At the final close, the fund significantly surpassed its $500 million target, and doubled the size of its predecessor Fund I. Mark Lewis, Managing Director of Lime Rock New…

Meta announced an agreement with ultra-long duration energy storage company Noon Energy, reserving up to 100 GWh of energy storage capacity to provide continuous power for its data center infrastructure. Under the agreement, Meta will secure up to 1GW of energy storage capacity, with initial collaboration on a 25MW project, scheduled for completion by 2028. Following completion of the project,…

bp shareholders resoundingly defeated two resolutions proposed by the energy giant at its annual general meeting (AGM) on Thursday, including resolutions that would have enabled the company to eliminate some climate-related disclosures, and to hold virtual AGMs going forward. Both resolutions were voted against by more than half of shareholders, falling well below the 75% threshold required to pass. Notably,…