DWS calls for ambition and alignment to decarbonise the sector, as BPIE warns EU building stock a long way from achieving climate goals. EU lawmakers must remain ambitious in their recasting of the European Performance of Buildings Directive (EPBD) to encourage increased investment in the renovation of carbon-intensive real estate. “It is hoped that the EPBD will include provisions…
Deloitte, IBM Launch Sustainability Solutions Collaboration
Global professional services firm Deloitte and tech giant IBM announced today a new global collaboration, leveraging each companies’ sustainability solutions to help organizations accelerate emissions reduction strategies, deliver improved sustainability outcomes and streamline sustainable transformation. Christina Shim, Global Head of Product Management/Strategy, Sustainability Software at IBM, said: “This expanded collaboration with Deloitte builds on our ongoing relationship, making it easier…
EY, AspenTech Partner on Sustainability Solutions for Industrial, Energy Sectors
Global professional services firm EY and industrial software provider Aspen Technology announced today a new alliance aimed at helping industrial and energy markets clients meet demand for resources while achieving their sustainability targets. According to the companies, the new alliance will target companies in sectors including power and utilities, oil and gas, chemicals and advanced materials, industrial products, and mining…
Bloomberg Launches New Tool to Assess Company Impact on SDGs
Business and financial markets information service provider Bloomberg announced today the launch of a new data mapping and materiality assessment tool, aimed at enabling investors to assess the potential impact of a company’s business on any of the UN Sustainable Development Goals (SDGs), and to support impact integration in portfolios. The UN SDGs refer to the 17 categories of goals…
H&M Launches Green Loan Program to Finance Suppliers’ Emissions Reductions Initiatives
Fashion and design brands company H&M Group announced the launch of a new green loan program aimed at facilitating decarbonization in the fashion sector in partnership with Singapore-based financial services group DBS. Under the new program, the H&M’s suppliers will get access to financing from DBS, with “highly favorable” terms to suppliers with specific GHG emission reduction activities. In addition…
EU Commits €4 Billion to Fund Decarbonization, Cleantech Manufacturing Projects
The European Commission announced that it will invest €4 billion for the deployment of innovative decarbonization technologies, with an increased focus on cleantech manufacturing projects, utilizing funds raised through its EU Emissions Trading System (EU ETS). The announcement marks the Commission’s fourth large-scale call for decarbonization-focused projects under the EU Innovation Fund, one of the world’s largest funding programs for…