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Rabobank Launches North America Energy Transition Team

Rabobank Launches North America Energy Transition Team

Netherlands-based cooperative bank Rabobank today announced today the launch of a new North American renewable energy team, including the appointments of new senior bankers and energy transition-dedicated analysts. Rabobank said that the new team, which now includes 30 professionals focused on the energy transition, will help fuel its broader growth and sustainability strategy in North America. Greg Hutton, Head of…

Maersk Signs its Largest-Ever Green Fuel Deal to Drive Fleet Decarbonization

Maersk Signs its Largest-Ever Green Fuel Deal to Drive Fleet Decarbonization

Integrated container logistics company A.P. Moller – Maersk announced today a major fuel purchase agreement with China-based clean energy company Goldwind, for the offtake of 500,000 tonnes per year of green methanol, beginning in 2026. According to Maersk, the deal marks first large scale green methanol offtake agreement for the global shipping industry, and will enable low carbon operations for…

ESMA publishes explanatory notes on the definition of “sustainable investments”, “do no significant harm” and the use of estimates in European sustainable finance regulation

The European Securities and Markets Authority (“ESMA“) has today published three useful explanatory notes covering key topics of the European sustainable finance framework, namely: a) the definition of “sustainable investments”; b) the application of do no significant harm (“DNSH“) principle; and c) the use of estimates. The explanatory notes set out factual information regarding these concepts, with the aim of…

GRI, IFRS Tackle Sustainability Reporting Challenges with New Platform

The Sustainability Innovation Lab in Singapore will support businesses in adapting to new reporting requirements. In a move to address sustainability reporting challenges, the Global Reporting Initiative (GRI) in partnership with the International Financial Reporting Standards (IFRS) Foundation launched the Sustainability Innovation Lab (SIL) on 20 November. The SIL will host research platforms that will examine sustainability reporting issues and provide…

Sink, Swim or Adapt

Adaptation bonds are among the potential vehicles for private investment, but policy action is still needed at COP28.  The UN Environment Programme’s (UNEP) 2023 Emissions Gap Report – aptly titled ‘Broken Record’ – clearly states that the world is a long way from limiting global warming to 1.5°C by 2050, despite ongoing efforts to mitigate climate-related risks.   The realities…

Hong Kong Promotes Product Eco-Responsibility: New Regulations on Disposable Plastic Products

Plastic pollution is a global environmental problem. To combat this issue, the United Nations Environment Assembly passed a resolution in March 2022 to develop a draft global agreement on plastic pollution by the end of 2024 (reported here). The third session of the Intergovernmental Negotiating Committee recently concluded in Nairobi, Kenya with the next session scheduled in April 2024 in…

ESG Book Launches Risk Scores Assessing Company Exposure to Key Sustainability Issues

ESG Book Launches Risk Scores Assessing Company Exposure to Key Sustainability Issues

Sustainability data and technology company ESG Book announced today the launch of Risk Score, a new tool aimed at enabling investors and corporates to assesses company exposure to critical ESG topics, based on the UN Global Compact (UNGC). The UNGC is a consortium of companies and organizations across the globe committed to aligning their strategies and operations with a series…

Sustainable Building Tech Startup Vizcab Raises $5.5 Million

Sustainable Building Tech Startup Vizcab Raises $5.5 Million

Sustainable building design software provider Vizcab announced today that it has raised €5 million (USD$5.5 million) in a Series A funding round, aimed at supporting the acceleration of net zero in the construction industry. Buildings and real estate are significant contributors to the global climate challenge, accounting for nearly 40% of carbon emissions, according to the International Energy Agency and…

LSEG to Launch ESG Data Analytics Platform with ESG.AI

LSEG to Launch ESG Data Analytics Platform with ESG.AI

London Stock Exchange Group (LSEG) and Canadian-based ESG data tech company ESG.AI announced today a new partnership to launch a new next generation ESG analytics platform, targeted at major companies, banks, asset managers and consultants. The new partnership will bring together LSEG’s expansive financial markets dataset with ESG.AI’s platforms, which enable users to capture real-time ESG data, calculate up-to-the-minute ESG…