World Benchmarking Alliance reports lacklustre progress on social goals, as Labour Rights Investors Network seeks to drum up support and first modern slavery benchmark launches. Companies are “nowhere on track” to delivering the UN Sustainable Development Goals (SDGs), with a “significant gap” in action needed, according to Sofia del Valle, Engagement Lead for Social Transformation at the World Benchmarking Alliance…
Frontier Signs $47 Million Carbon Removal Deals on Behalf of Stripe, JPMorgan, H&M, others
Carbon removal buyer coalition Frontier announced a new set of offtake agreements with Direct Air Capture (DAC) technology companies CarbonCapture and Heirloom totalling $47 million, for the removal of 72,000 tons of CO2 from the atmosphere, on behalf of a group of buyers including Stripe, Alphabet, H&M, and JPMorgan, among others. Launched in April 2022 with $925 million in commitments…
Novata Adds SFDR Reporting Capabilities to Private Markets ESG Data Platform
Private markets ESG-focused data solutions provider Novata announced the expansion of its platform’s SFDR capabilities, aimed at enabling clients to simplify reporting against European regulatory requirements. The EU Sustainable Finance Disclosure Regulation (SFDR) establishes harmonized rules for financial market participants on transparency regarding the integration of sustainability risks and the consideration of adverse sustainability impacts in their processes and the…
IBM Launches Free Courses to Help Address Green Economy Skills Gap
Global technology company IBM announced the launch of free sustainability courses, targeting learners across communities underrepresented in technology, aimed at providing skills for the green economy. The new courses will be provided by IBM SkillsBuild, a free education program focused on underrepresented communities in tech, that helps adult learners, and high school and university students and faculty, develop valuable new…
Gulfstream Completes First-Ever 100% Sustainable Aviation Fuel-Powered Transatlantic Flight
Business jet manufacturer Gulfstream announced today the completion of the first-ever transatlantic flight using 100% sustainable aviation fuel, marking a major aviation decarbonization milestone. The flight from Savannah Georgia to Farnborough Airport in England was accomplished on November 19, using a Gulfstream G600 aircraft, powered by Pratt & Whitney PW815GA engines, both using 100% SAF. Gulfstream President Mark Burns said:…
Over 75% of Companies Have Cut Emissions Intensity Since Paris Agreement: Accenture
More than three quarters of large companies globally have succeeded in cutting their operational emissions intensity, or the emissions per unit of revenue, since the implementation of the Paris Agreement in 2016, but less than a fifth are on track to achieve net zero emissions by 2050 – the goal required to meet the Agreement’s ambition to limit global warming…