Industrial, Investment, Energy Giants Launch Coalition to Establish a Global Carbon Accounting Framework
A group of leading financial, energy and industrial companies announced today the launch of Carbon Measures, a new coalition aimed at advancing a more accurate and consistent accounting framework to track carbon emissions at the company and product level, and carbon intensity standards for key industrial products. Members of the new carbon accounting-focused coalition include ADNOC, Air Liquide, Banco Santander,…
International Agreement to Decarbonize Shipping Delayed After Threats from U.S.
The International Maritime Organization (IMO), the 176-member state UN agency responsible for developing global standards for shipping, announced that its member states have voted to delay the adoption of the “IMO Net-Zero Framework,” a global agreement aimed at implementing measures to reduce the climate impact of ocean shipping. The establishment of the international net zero shipping framework was delayed despite…
ESG Today: Week in Review
This week in ESG news: Majority of companies continue to increase sustainability investments, report revenue growth from sustainability initiatives – Deloitte survey; U.S. SEC to reconsider rules allowing ESG proposals at shareholder meetings; California delays climate reporting rules; Brookfield’s $5 billion deal to power datacenters with fuel cells; Schroders hits renewable energy milestone; LEGO Group phasing out natural gas; Stegra…
Daylight Raises $75 Million to Turn Homes into Solar Power Plants
Decentralized energy company Daylight Energy announced that it has raised $75 million to grow its decentralized energy network that allows homeowners to generate and share power. Founded in 2022, New York-based Daylight offers a decentralized energy model that enables help homeowners reduce energy bills and stay powered during outages, using a solar and battery storage installation that sends excess energy…
U.S. Federal Reserve, FDIC Scrap Climate Risk Management Framework for Banks
The U.S. major banking regulators, including the Board of Governors of the Federal Reserve System (Fed), Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC), announced that they are withdrawing the interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions, a key framework designed to help large banks manage climate-related risks. Established in…
Sustainability Consultancy Longevity Partners Appoints Jessica Francisco as New CEO
Real asset-focused energy and sustainability consultancy Longevity Partners announced today the appointment of Jessica Francisco, formerly Chief Sustainability Officer at Cushman & Wakefield, as its new Chief Executive Officer. Francisco takes on the new role from Longevity Partners Founder and CEO Etienne Cadestin, who announced that he will transition from his executive role after leading the firm for 10 years….
EcoVadis Launches New Solution Enabling Workers Across Supply Chains to Report on Human Rights Issues
Business sustainability ratings and solutions provider EcoVadis announced the launch of Worker Voice Connect, a new digital grievance mechanism aimed at enabling workers to anonymously report on workplace concerns, allowing companies to monitor and address human rights issues in their global supply chains. According to EcoVadis, the new solution aims to address a gap that exists in current grievance mechanisms,…
Airbus Partners with Siemens to Decarbonize Industrial Sites in U.S., UK
Siemens and Airbus announced the launch of a new framework agreement to work to decarbonize four Airbus industrial sites in the U.S. and UK, through measures including renewable energy integration, smart energy management, and the use of low-carbon heat systems. Under the new agreement, Siemens will evaluate the sites and create and implement an overall decarbonization masterplan for each to…