International savings and investments business M&G plc today announced the appointment of Kathy Ryan to the newly created role of Chief Sustainability Officer. In her new position, Ryan will lead M&G’s Group Sustainability Strategy, including embedding sustainability across the business and driving real-world change as a responsible long-term investor. She will join in November and report to Chief Financial Officer,…
Amazon announced that it has added 39 new renewable energy projects in Europe year-to-date, adding more than 1 GW of clean energy capacity. The new projects solidify the Amazon’s position as the largest corporate purchaser of renewable energy in Europe, with a portfolio of 160 wind and solar projects across 13 countries, expected to provide 5.8 GW of clean energy…
Business and financial markets information service provider Bloomberg and climate financial risk data analytics provider Riskthinking.AI announced today the launch of new science-based physical risk indicators, aimed at enabling companies and investors to assess and understand exposure to climate-related risks such as floods, droughts and wildfires. According to the companies, the launch of the new indicators comes as regulators are…
Industrial products, solutions and technologies company Honeywell announced that it will make available technologies and digital solutions to enable its Asia Pacific refining customers to produce renewable fuels, such as Sustainable Aviation Fuels (SAF), from renewable feedstocks. According to Honeywell, the solutions help customers address the need to adopt technologies to produce low-carbon sustainable fuels while maximizing available resources and…
Sustainable mining tech startup Eden today announced that it has raised $12 million in seed funding, with proceeds from the financing aimed at scaling the company’s sustainable natural resource solution. Founded in 2017, Eden has developed Electrical Reservoir Stimulation (ERS) technology, designed to “break rocks with electricity,” in order to increase the recovery of natural resources, improve the economics of…
Singapore-based financial services group DBS today announced the launch of the DBS Eco Renovate Loan, a new sustainable finance tool targeted at small and medium enterprises (SMEs), aimed at enabling smaller companies to access a wider pool of capital to fund green projects. The new solution enables SMEs to borrow up to 100% of the cost of using resource efficient…
Switzerland’s Federal Department of Finance (FDF) announced today that it will proceed with plans to propose regulations to address greenwashing in the financial sector, including investment and disclosure rules for financial products using labels such as ‘sustainable,’ green,’ or ‘ESG.’ The announcement follows the release in December 2022 of a paper by the Swiss Federal Council outlining its position on…
New York Governor Kathy Hochul announced Tuesday a series of awards for 6.4 GW of renewable energy projects, including 3 major offshore wind and 22 land-based projects, marking the largest-ever U.S. state investment in renewable energy to date. When completed, the projects are anticipated to generate enough electricity to power more than 2.5 million homes, deliver 12% of New York’s…