The European Commission announced on Tuesday a set of new pilot actions aimed at creating common EU-wide rules for the plastics recycling, forming part of a series of measures to revitalize the plastics recycling sector planned to be released over the next several months. According to the Commission, the new measures come as demand for recycling and circular plastics is…
The Port of Rotterdam has raised €50 million through the issuance of a new Carbon Capture and Storage Bond, marking the first ever corporate bond with use of proceeds to be exclusively allocated to carbon capture and storage (CCS). Proceeds raised through the new bond offering will be allocated to Port of Rotterdam’s equity investment in Porthos, one of the…
The U.S. Department of the Interior announced on Monday the immediate pause of leases for all large-scale offshore wind projects under construction in the U.S., citing “national security risks” potentially resulting from the projects. The announcement will freeze the development five major projects along the U.S. east coast, representing nearly 6 GW of energy, that were set to enter commercial…
Infrastructure investor Equitix announced the acquisition of a substantial minority stake in UK-based energy-from-waste operator Viridor Group from KKR, building on its current 35% stake in the company Viridor operates the largest Energy from Waste (EfW) fleet in the UK, with 12 EfW facilities processing more than 3.5 million tonnes of waste and recycling a year, and producing more than…
By Kamil Kluza, Co-founder and COO, Climate X COP30’s decision to shift the global adaptation finance target, tripling it to $120 billion annually but delaying delivery from 2030 to 2035, was presented as a pragmatic compromise. The target sets the level of global public finance intended to help countries invest in physical resilience, and yet that adjustment quietly changes the…
Approximately two thirds of funds with ESG terms in their names changed their names, with many dropping ESG terms or using terms with less stringent requirements, and half updated their investment policies, following new guidelines for funds using ESG or sustainability-related terms in their name released last year by EU markets regulator the European Securities and Markets Authority (ESMA), according…
Alternative asset and private equity investor KKR announced that it will acquire a majority stake in electric locomotive leasing company Green Mobility Partners (GMP), and the formation of a new strategic partnership with GMP aimed at meeting growing demand for sustainable rail infrastructure across Europe. Launched in 2024 by Christoph Katzensteiner, Vienna-based GMP provides full service for Siemens Vectron electric locomotives,…
Swedish engineering and manufacturing company SKF announced that it has achieved decarbonized status at six new factories, bringing its total number of decarbonized factories to 9 across its global footprint. SKF’s efforts to tackle the carbon footprint of its factories forms part of the company’s commitment to decarbonize its operations by 2030, and to reach net zero emissions throughout its…
Welcome to the final ESG Today Week in Review for 2025! This week in ESG news: New York to require mandatory GHG emissions reporting for large emitters from 2027; EU to scrap 2035 ban on combustion engine cars; Microsoft signs large scale bioenergy-based carbon removal agreement; BlackRock loses another multi-billion dollar pension fund mandate over ESG policies; Canada to launch…
Member states in the European Council announced on Thursday that they have formally adopted amendments to the EU Deforestation Regulation (EUDR), marking the last major legislative step to introduce a new 1 year delay and simplifications to the new law requiring companies to ensure that products imported to or exported from EU markets no longer contribute to deforestation and forest…