A selection of this week’s major stories impacting ESG investors, in five easy pieces. There were mixed signals and missed opportunities on sustainable investment in the UK’s latest fiscal statement. Autumn mist – UK Chancellor Jeremy Hunt provided investors with a range of opportunities for disappointment in his Autumn fiscal statement. Overlooked in most reports was HM Treasury’s conclusion that…
Deloitte Canada Signs Deal to Capture and Store Carbon in Concrete
Professional services firm Deloitte Canada announced today a multi-year agreement with carbon removal technology company CarbonCure Technologies to purchase high-quality carbon credits through supporting the deployment of CarbonCure’s technology, which captures CO2 in concrete. Founded in 2012, Halifax, Nova Scotia-based CarbonCure provides solutions that let concrete producers use captured carbon dioxide to produce low carbon concrete mixes. CarbonCure’s technology injects…
Ericsson Issues Inaugural €500 Million Green Bond to Fund Network Energy Efficiency Initiatives
Information and communication technology company Ericsson announced today the completion of its inaugural green bond issuance, raising €500 million to investments in energy efficiency initiatives. The bond offering follows the launch, in December 2022, of Ericsson’s Green Financing Framework, with eligible categories for use of proceeds for green bond issuances outlined in the framework including Energy Efficiency and Renewable Energy….
Amazon Achieves 100% Recyclable Delivery Packaging in Europe
Amazon announced that it has achieved 100% recyclable delivery packaging in Europe. The achievement includes all boxes, bags and envelopes across all items sold by Amazon, as well as third-party selling partners that use Fulfilment by Amazon. Pat Lindner, VP of Mechatronics and Sustainable Packaging at Amazon, said: “We’re excited that our European fulfilment network is now using recyclable packaging…
UK to Invest Over $1.2 Billion to Boost Green Industries
The UK government announced plans to invest £960 million (USD$1.2 billion) in green industries aimed at accelerating manufacturing in key net zero sectors, in addition to a new series of significant reforms designed to rapidly boost the capacity of its electricity grid to address energy transition needs over the coming decades. The new £960 million investment will be provided through…
EU Parliament Votes to Set Up Carbon Removal Certification System
Lawmakers in the European Parliament voted 448-65 to set up a certification system for the quantification, monitoring and verification of carbon removals, aimed at increasing their use, while building trust with high quality carbon removals, and countering greenwashing. The vote establishes Parliament’s negotiating position with the EU Council on the European Commission’s proposal for a certification framework. Launched late last…