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Boeing Signs 100,000 Ton Carbon Removal Deal with Charm Industrial

Boeing Signs 100,000 Ton Carbon Removal Deal with Charm Industrial

Climate solutions provider Charm Industrial announced that it has signed a new deal with Boeing, with the aerospace giant agreeing to offtake up to 100,000 tonnes of permanent carbon removals. Charm began operations in 2021, and has focused primarily on bio-oil production and sequestration, using plants to capture CO2 from the atmosphere, collecting agricultural residue from harvests or forest fire…

Crédit Agricole Commits to 90/10 Green-to-Brown Financing Ratio by 2028

Crédit Agricole Commits to 90/10 Green-to-Brown Financing Ratio by 2028

Paris-based international banking and investment group Crédit Agricole unveiled a series of new sustainable finance commitments and goals, including a new target to achieve a 90/10 green-brown ratio by 2028, with every euro of financing facilitated for fossil fuels matched with 9 euros for low carbon energy. The new commitments were announced during the bank’s investor day, introducing its new…

Industry diversity shows little improvements, but firms step up on data collection

The investment industry is improving its collection and voluntary disclosure of diversity data, but the demographic make-up of the industry shows little sign of improvement in terms of overall representation. The Investment Association and PwC have jointly published the third annual Talent Report: A Demographic Snapshot of the Industry, which captured data across eight attributes: age, caring responsibilities, disability status,…

COP30 continues: Financial stability warning, solidarity levies and a just transition

As COP30 enters its final stages, warnings have intensified that aligning portfolios with a sustainable transition is a core fiduciary duty and “no longer optional” due to the escalating risks outlined at the climate change conference.  There has been a number of key announcements over the past week, including the $1.3trn Baku to Belem Climate Finance Roadmap, and the activation…

Financial services show progress in addressing modern slavery

Financial services firms including Investec, M&G, St. James’s Place, London Stock Exchange Group, Lloyds and Legal & General are among the companies to have most improved their performance in addressing modern slavery, according to CCLA. In the firm’s third annual UK Modern Slavery Benchmark, six out of the 10 most improved companies since 2023, when the benchmark was launched, were…

PGIM’s Jackson: My top takeaways from PRI in Person

This year’s United Nations’ Principles for Responsible Investment (PRI) conference in Brazil was well-attended, positive and upbeat. It offered an optimistic outlook on progress despite ongoing shifts in global political and regulatory landscapes. While the global transition may be slower than needed to reach net zero by 2050, decarbonisation is underway and opening up many different and attractive investment opportunities….

U.S. Court Pauses Implementation of California Climate Reporting Law

U.S. Court Pauses Implementation of California Climate Reporting Law

A U.S. appeals court issued an injunction pending appeal on Tuesday halting the implementation of a new California law that would require thousands of U.S. companies to report on climate-related financial risks, just weeks prior to the law’s first mandated disclosures. The court did not, however, agree to a request to halt another law requiring companies to report on their…

Engagement is essential as chip influence intensifies

The semiconductor industry remains at the heart of global technological progress; however, in recent years, it has evolved from a relatively under-the-radar enabler to a clear strategic priority. Supply chain disruptions, mounting geopolitical tensions, and the race to secure advanced manufacturing capacity have underscored the critical importance of chips to global growth and competitiveness. At the same time, the demand…

FedEx Expands Sustainable Aviation Fuel Use to Chicago and Miami

FedEx Expands Sustainable Aviation Fuel Use to Chicago and Miami

Global delivery giant FedEx announced a series of new agreements to source sustainable aviation fuel (SAF) for use at Chicago-O’Hare Airport and Miami International Airport, marking an expansion of the company’s deployment of SAF at U.S. airports. The new agreements follow FedEx’s first major U.S. SAF deployment earlier this year, with an deal to purchase more than three million gallons…

DHL to Purchase More than 300 Million Liters of Sustainable Aviation Fuel from Phillips 66

DHL to Purchase More than 300 Million Liters of Sustainable Aviation Fuel from Phillips 66

Logistics giant DHL Group announced a new agreement with U.S.-based energy products manufacturer Phillips 66 for the purchase of more than 240,000 metric tons (314 million liters) of sustainable aviation fuel (SAF), to be delivered to U.S. airports over three years. The deal marks one of the largest SAF agreements by a U.S. producer to date, and is anticipated to reduce…