30-Aug-2021
DWS rocked by $1t SEC greenwashing probe
Deutsche Bank AG’s asset-management arm, DWS Group, are under investigation by US Securities and Exchange Commission and federal prosecutors for allegedly overstating its ESG credentials across its $1t fund.
30-Aug-2021
King Yuan Fu joins RE100 initiative
The first plastic container manufacturer in Taiwan joined the Climate Group’s RE100 and commits to achieve 100% renewable electricity by 2050
30-Aug-2021
Europe’s banks lagging on sustainability: BlackRock study
Europe’s banks are slow to act on sustainability and have limited understanding of their exposure to environmental, social and governance risks, according to a report by asset manager BlackRock for the European Commission.
30-Aug-2021
Japan ministries sign off on carbon trading plans
Japan’s Economy, Trade and Industry (METI) and Environment (MoE) ministries have signed off on separate interim plans for a carbon pricing mechanism, with the former’s proposal based around a voluntary baseline-and-crediting scheme.
23-Aug-2021
PNC commits $20b to environmental finance
The PNC Financial Services Group announced today it is committing $20 billion over five years in support of environmental finance.
23-Aug-2021
China vows crackdown on projects with high energy use
China will curb development of projects that use large amounts of energy and have high carbon emissions, the state planner said.
23-Aug-2021
India unveils $1.3b infrastructure plan
India is set to spend 100trn rupees ($1.33b) on a national infrastructure plan to boost economic growth and help the country meet its climate goals.
23-Aug-2021
Fresh Del Monte announces 2030 sustainability goals
New commitments include reducing the group’s Scope 3 Emissions by 12.3% compared to 2020 levels.
23-Aug-2021
Gresham House forest fund exceeds £100m close target
The Gresham House Forest Growth & Sustainability fund saw £127m ($174m) in subscriptions during its first fundraise, including commitments from two major institutional investors, exceeding the initial target of £100m.
23-Aug-2021
Wood clinches £430m UK green transition loan
The UK’s Credit Guarantee Department has issued its first ever “green transition loan of $430m ($589m) to energy engineering and services firm Wood to grow its low-carbon business over the next five years.
23-Aug-2021
BlueScope on road to net zero
Australian steel making giant Bluescope has snubbed gas as a pathway to achieving net zero.
23-Aug-2021
Switzerland to mandate climate reporting for companies, financials
The Swiss government announced its planned timeline for mandated climate disclosure for large public companies, banks and insurance companies.
23-Aug-2021
Mode Global targets net-zero from crypto operations by 2030
Mode’s new commitment has been announced to coincide with its signing of the Crypto Climate Accord (CCA), from the non-profit of the same name.
23-Aug-2021
China hopes to open ETS door to financials before year-end
China is hopeful institutional investors will be able to trade in the national emissions trading scheme by year-end.
23-Aug-2021
ACC, more Foods sign Business Ambition for 1.5°C
Holcim subsidiary ACC (materials – India), Hill & Smith (construction and engineering – UK) and Nomad Foods (food and beverage – UK) have signed the Business Ambition for 1.5°C pledge.
23-Aug-2021
ART expands TREES standard
The Architecture for REDD+ Transactions (ART) has released an expanded and enhanced version of The REDD+ Environmental Excellence Standard (TREES), its high-integrity standard for measuring climate progress in the forest sector.
23-Aug-2021
G7 Impact Taskforce announces membership
The new Taskforce includes BlackRock, Temasek, Schroders, Mahindra Group, Morgan Stanley, S&P Global, BASF, the World Bank, the International Monetary Fund and the European Commission.
23-Aug-2021
US Treasury to oppose development bank financing for fossil fuel projects
Department issued new energy financing guidance to multilateral development banks says the United States would oppose their involvement in fossil fuel projects except for some downstream natural gas facilities in poor countries.
23-Aug-2021
S. Korean lawmakers push ahead with bill for net-zero
South Korea took its first step towards enshrining its goal of becoming carbon neutral into law.
23-Aug-2021
EPCOR releases ESG report and sets pathway to net zero
Utility EPCOR is set to reduce greenhouse gas emissions 50% by 2025 and 85% by 2035 compared to 2020 emissions, and to reach net-zero by 2050.