Businesses under pressure to provide increased transparency across the full scope of social and human rights. Corporates subject to new and incoming sustainability disclosure rules must be prepared to report on their practices for the inclusion of persons with disabilities and other marginalised groups. “Companies need to account for all social and human rights factors, and that includes…
Nucor, Helion to Build Fusion Power Plant to Decarbonize Steelmaking
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…
SEC Chair Says Climate Disclosure Rule Feedback Pushes Back on Scope 3 Reporting as Less Developed, Unreliable
Many companies have raised concerns with the U.S. Securities and Exchange Commission’s (SEC) plans to include Scope 3 emissions – those originating in areas outside of a company’s control, including the supply chain – as part of the reporting requirements under the Commission’s upcoming climate disclosure rule, according to testimony given on Wednesday by SEC Chair Gary Gensler to the…
Trane Launches AI-Based Building Decarbonization Solution
HVAC and climate control solutions company Trane Technologies announced today the launch of Trane® Autonomous Control Powered by BrainBox AI, a new artificial intelligence and cloud-based building systems optimization tool aimed at helping building owners to accelerate decarbonization and reduce energy consumption. Buildings are a significant contributor to GHG emissions, accounting for around 15% of global emissions, and one of…
InterContinental Energy Raises $115 Million to Develop Green Hydrogen Projects
Large-scale clean energy project developer InterContinental Energy, announced today that it received $115 million, including a continued strategic equity investment from institutional investor GIC, and a new equity investment from Hy24. InterContinental will use the investment to accelerate the deployment of its portfolio of green hydrogen projects. The company is developing projects, based in Australia and the Middle East, and…
La Banque Postale Launches €1 Billion Energy Transition Infrastructure Fund
La Banque Postale and its subsidiaries, LBP AM and CNP Assurances, announced today the launch of a €1 billion impact infrastructure debt fund, aimed at financing energy transition-focused projects in Europe. According to La Banque Postale, the new impact debt fund, classified as Article 8 under the SFDR regulation, will provide long-term support for projects that make a substantial contribution…
Just Climate Launches Natural Climate Solutions Investment Strategy
Climate solutions-focused investment business Just Climate announced announced the launch of its new Natural Climate Solutions (NCS) strategy, aimed at directing capital at scale globally to businesses focused on natural climate solutions, generating the highest climate impact as well as attractive financial returns. Founded in October 2021 by Generation Investment Management, a sustainability-focused investment firm chaired by former U.S. Vice President Al…
LEGO Group Appoints Annette Stube as Chief Sustainability Officer
The LEGO Group announced today the appointment of Annette Stube, currently serving as Head of Sustainability at Stora Enso, as its Chief Sustainability Officer. She will assume her new role at LEGO Group on January 1, 2024, reporting to CEO Niels B Christiansen. In a separate announcement today, LEGO Group confirmed recent media reports that it has dropped its plans…