Meta announced that it has signed a Power Purchase Agreement (PPA) with renewable energy and battery storage company MN8 Energy for the production of 80MW of energy from a new solar project in Pennsylvania. Meta, the owner of Facebook, Instagram, and WhatsApp, has set a target to reach net-zero emissions across its value chain by 2030. According to a recent…
The UK government announced the release of the finalized UK Sustainability Reporting Standards (UK SRS), based on the sustainability and climate-related standards developed by the IFRS Foundation, aimed at enabling companies to provide consistent and standardized reporting on sustainability and climate-related financial information, risks and opportunities, aligned with international frameworks. While the government endorsed the standards for voluntary use, it…
Paris-based international banking and investment group Crédit Agricole announced today the appointment of former French government cabinet minister Quentin Guerineau as its new Chief Sustainability and Impact Officer. The new appointment follows the recent departure of the bank’s former Chief Sustainability and Impact Officer, Éric Campos, who announced his exit from Crédit Agricole late last year, and now serves as…
Climate-focused investment management coalition the Net Zero Asset Managers (NZAM) initiative announced its official relaunch on Wednesday, with more than 250 asset management signatories, including some of the largest global investment firms – but with some notable absences as well. The NZAM coalition relaunch includes the release of a new signatory commitment, which appears to carefully navigate the initiative’s alignment…
Biogas developer and Andion CH4 announced it has secured €67 (USD$79 million) in a private credit facility, with proceeds aimed at supporting the expansion of its biogas and biomethane project pipeline across Italy and the Nordic region. The financing was provided by Goldman Sachs Alternatives, the private credit arm of Goldman Sachs’ asset management business. Christian Schaefer, Managing Director, and…
Guest post by: Justin Floyd, CEO of RedCloud Most corporate ESG strategies focus on visible, incremental improvements. Companies invest in sustainable packaging, carbon offset credits and compliance reporting. They appoint Chief Sustainability Officers to measure progress and publish annual updates. These efforts matter. But they often overlook a systemic failure that undermines many sustainability initiatives at once. Every year, an…
Germany-based telecommunications giant Deutsche Telekom announced that it has achieved company-wide climate neutrality across its operations, hitting one of the company’s key climate goals on the path to net zero across the value chain. The achievement follows the launch by Deutsche Telekom in 2021 of a series of climate goals, including a target to reach net zero Scope 1 and…