Microsoft Signs Worlds Largest-Ever Carbon Removal Deal of 3.3 Million Tonnes with Stockholm Exergi

Stockholm Exergi announced that it has signed a contract with Microsoft covering 3.33 million tonnes of permanent carbon removals from bio-energy with carbon capture and storage (BECCS) at Värtan, Stockholm. The agreement represents the world’s largest permanent removals deal to date. The deliveries of the carbon removal certificates to Microsoft are planned to start in 2028 […]

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Goldman Sachs Acquires Majority Stake in Environmental Risk Reduction Services Provider Adler and Allan

Adler & Allan, a leading provider of environmental risk reduction and advisory services, announced that the Private Equity business within Goldman Sachs Alternatives will acquire a majority stake in the Company from an affiliate of Sun European Partners, LLP (“Sun European”), subject to customary antitrust and regulatory approvals. The transaction is a key milestone in […]

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Royal Caribbean Group Report Details Progress on Decarbonization and Community Impact

Together, with its first Community Impact Report, the company details its progress its net-zero ambitions and supporting the communities it visits  Royal Caribbean Group released its annual Seastainability Report, outlining milestones the company reached on its mission to deliver the best vacation experiences responsibly. Driven by its SEA the Future initiative, the company has advanced […]

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Wellington Management Raises $385 Million in Inaugural Climate Innovation Fund

Wellington Management, one of the world’s largest independent investment management firms, today announced the final close of the Wellington Climate Innovation Fund, with US$385 million in commitments. CIF is Wellington’s first fund to invest solely in private companies developing solutions to help mitigate and adapt to climate change. The Fund seeks to generate attractive returns […]

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South Korea’s LG Electronics Raises $800 Million Global Sustainability Bond

LG Electronics (LG) has successfully issued a global bond of USD 800 million, marking its first in 17 years. Despite the growing global volatility, LG managed to achieve a negative New Issue Premium (NIP), indicating strong interest from global institutions.  The bonds are denominated in U.S. dollars and divided into two categories: a USD 500 […]

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European Retail Giants Zara & H&M Linked to Dirty Brazilian Cotton

Inditex, the owner of fashion giant Zara, is embroiled in a controversy surrounding its cotton sourcing practices. The company is demanding greater transparency from Better Cotton, a certifier of sustainable cotton practices, following allegations that Brazilian cotton producers certified by Better Cotton engaged in serious environmental and social violations. In a letter to Better Cotton […]

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Watershed Streamlines CSRD Compliance with Dedicated Software Launch

Watershed launched Watershed for CSRD, a dedicated software solution for companies reporting under the European Union’s Corporate Sustainability Reporting Directive (CSRD), the most comprehensive ESG disclosure regulation in history. Watershed for CSRD extends Watershed’s science-driven sustainability data management to CSRD compliance as over 50,000 global companies prepare to enter a new era of sustainability reporting. In early 2025, the […]

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Swiss Government Renews its Contribution to the Green Climate Fund

Switzerland will continue to support the Green Climate Fund (GCF) with a total contribution of CHF 135 million over the next four years. The Federal Council took this decision at its meeting on 10 April 2024. The GCF helps developing countries take concrete action to achieve the goals of the United Nations Framework Convention on […]

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Biden-Harris Administration Unveils $20 Billion Grants Initiative to Drive Clean Energy Solutions Nationwide

The U.S. Environmental Protection Agency announced its selections for $20 billion in grant awards under two competitions within the historic $27 billion Greenhouse Gas Reduction Fund (GGRF), which was created under the Inflation Reduction Act as part of President Biden’s Investing in America agenda. The three selections under the $14 billion National Clean Investment Fund […]

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Antofagasta plc Sets Ambitious Emissions Reduction Targets

Antofagasta plc (the “Company”) announces that the Board of Directors (Board) has approved updated greenhouse gas emissions targets, with the Company having successfully met the Company’s previous emissions target ahead of schedule in 2022. Following work to define a decarbonisation strategy, the following targets have been set: Scope 1 and 2 (combined): targeting a 50% […]

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