Construction materials and services company Saint-Gobain announced a new 100 MW, 15-year renewable Power Purchase Agreement (PPA) with TotalEnergies, aimed at helping to decarbonize the company’s North American industrial sites. The agreement marks Saint-Gobain’s third PPA in North America, and is expected to offset the company’s emissions from electricity by 90,000 metric tons per year. Combined, the three PPAs are…
Only 1 in 4 companies are at advanced stages of preparation to obtain independent assurance on their reported ESG information, even though 66% are required to disclose ESG data or expect to be soon – including 78% of listed companies – according to a new survey released by global professional services provider KPMG. For the study, KPMG surveyed senior executives…
Battery manufacturer Northvolt announced plans to build a new gigafactory near Montreal, Canada, with investment in the first phase of the project to begin operations in 2026 anticipated to reach US$5 billion. The project marks Northvolt’s first gigafactory outside of Europe. Founded in 2016, Sweden-based Northvolt has pioneered a sustainable model for battery manufacturing, with a goal to deliver batteries…
Nature Action 100, an investor engagement initiative with 190 institutional investors representing nearly $24 trillion in assets announced its list of 100 companies to be targeted in a campaign aimed at driving corporate action to address nature loss and biodiversity decline. Companies targeted by the campaign include Amazon, McDonald’s, Nestlé, Walmart and Glencore. According to Nature Action 100, companies were…
Steel manufacturer Nucor and clean energy startup Helion announced an agreement to develop a 500 MW fusion power plant at a U.S.-based Nucor steel manufacturing facility, providing the facility with zero-carbon electricity. According to the companies, the collaboration marks the first fusion energy agreement of this scale, and a significant milestone towards industrial decarbonization. Nucor also announced a $35 million…
Many companies have raised concerns with the U.S. Securities and Exchange Commission’s (SEC) plans to include Scope 3 emissions – those originating in areas outside of a company’s control, including the supply chain – as part of the reporting requirements under the Commission’s upcoming climate disclosure rule, according to testimony given on Wednesday by SEC Chair Gary Gensler to the…