Google and TotalEnergies announced a new long-term renewable energy Power Purchase Agreement (PPA), supplying Google with 1.5 TWh of certified renewable electricity from TotalEnergies’ Montpelier solar farm in Ohio, supporting Google’s data center operations in the region. Google’s environmental targets include 2030 goals to reach net zero emissions across its operations and value chain, and its 24/7 CFE ambition, aiming to run its…
The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR) announced the pricing of HK$10 billion (USD$1.3 billion) of digital green bonds, marking the largest-ever digital bond issuance in the world to date. A digital green bond, or a tokenized green bond, is a green bond that is represented on a blockchain network. Investors…
The Taskforce on Nature-related Financial Disclosures (TNFD) announced plans to end its technical work program, including its work to develop technical guidance for nature-based reporting, following an announcement by the IFRS Foundation’s International Sustainability Standards Board (ISSB) that it will begin work on standard setting for disclosure requirements on nature-related risks and opportunities. The TNFD was launched in 2021, building on…
The Financial Reporting Council (FRC), the UK regulator for auditors, accountants and actuaries, announced today the publication of International Standard on Sustainability Assurance (UK) 5000, “General Requirements for Sustainability Assurance Engagements,” a new standard aimed at ensuring quality and consistency for practitioners in carrying out assurance engagements for sustainability reporting. The publication of the new standards comes as the UK…
The world’s largest companies are once again setting net zero goals across their value chains, after pausing in 2024 – even in North America – and are seeing greater decarbonization results, as they embrace a wider set of tools to reduce emissions across their businesses, according to a new study released by global professional services firm Accenture. The increase in…
The European Investment Bank (EIB) Group announced the global launch of its Green Checker tool, extending the solution to help banks identify projects eligible for green financing, and businesses to access sustainable financing, beyond the EU. According to the EIB, the Green Checker tool provides a solution to support green and wider sustainability eligibility assessments for investments and enterprises, with…