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…
Snacking, food, and pet care products provider Mars announced that it has signed a new contract with investment manager Foresight Energy Infrastructure Partners to secure the majority of the output of a large-scale wind farm in Sweden, marking one of the company’s largest renewable energy commitments in Europe to date. The new agreement forms Mars’ second European contract under its…
The European Commission announced today that it has approved a €400 million Greek aid scheme aimed at supporting investments to boost cleantech manufacturing capacity. The Commission’s approval was made under the new Clean Industrial Deal State Aid Framework (CISAF), designed to enable Member States to provide support for goals including clean energy development, industrial decarbonization and clean technology. Adopted in…
EU member states in the European Council voted on Tuesday to approve an agreement to significantly scale back sustainability reporting and due diligence requirements for companies under the “Omnibus I” simplification package. The green light by EU states marks the last major step towards the final adoption of the new rules to dramatically cut back the number of companies covered…
Forest restoration company Rainforest Builder announced that it has signed a new multi-year agreement with Microsoft to deliver up to 1.8 million carbon credits to the tech giant, generated from a large scale ecosystem restoration project in Sierra Leone. According to Rainforest Builder, the 15-year deal marks one of the largest carbon removal transactions in Africa to date. Founded in…
Toyota Motor Europe announced the launch of a new circular factory in Walbrzych, Poland, aimed at scaling the company’s capabilities to process vehicles at the end of their life cycle and advance its circular economy strategy. According to the company, the factory is expected to process close to 20,000 End-of-Life vehicles annually, and will facilitate the recovery and recycle of…
Global trading and investment company Mitsui & Co. and Nike, announced the signing of a new virtual power purchase agreement (VPPA) in Japan, to supply renewable energy certificates generated from domestic solar power plants. According to the companies, the new agreements will enable Nike Japan to source 100% of its electricity needs across its distribution centers, stores, and offices from…