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Many firms deploying AI have suffered losses before gains emerge. A new EY survey of 975 executives shows cumulative AI-risk losses of around US $4.4 billion, largely from compliance failures, biased models, and sustainability setbacks. But companies with mature responsible AI practices report stronger business outcomes.
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ESG is now seen as essential for business success. Business leaders globally recognise the intrinsic link between environmental and social factors and financial performance, integrating ESG into core strategies despite economic uncertainties, and showing increased confidence in meeting net-zero targets….
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TotalEnergies and Veolia expand partnership to promote clean energy. The collaboration aims to develop solutions for reducing emissions and conserving resources, leveraging TotalEnergies’ expertise in low-carbon energy and Veolia’s skills in water and waste management….
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Novata acquires Atlas Metrics to expand sustainability data solutions. The acquisition enhances Novata’s reach, supporting over 400 clients globally with advanced ESG management tools, aligning with its mission to transform sustainability data into business resilience….
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British International Investment commits $60 million to Southeast Asia. The investment supports the Green Investment Partnership under Singapore’s FAST-P framework, aiming to address Southeast Asia’s $210 billion annual climate infrastructure gap through blended finance, focusing on renewables and decarbonisation projects.
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Major firms urge EU to avoid deforestation law delay. Nestlé, Mars Wrigley, and others warn that deferring the EU Deforestation Regulation harms forests, climate efforts, and businesses that have already invested in compliance….
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Diginex completes acquisition of ESG data company Matter. The acquisition, valued at $13 million, aims to enhance Diginex’s ESG data capabilities. Majority owner Nasdaq remains a stakeholder, supporting Matter’s integration into Diginex’s innovative solutions for sustainable finance….
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Singapore introduces new guide to help companies avoid greenwashing. The Competition and Consumer Commission of Singapore has released guidelines to assist businesses in making accurate quality-related claims, addressing concerns about misleading environmental claims and promoting transparency for consumer benefit….
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Microsoft and Shizen Energy expand renewable agreements in Japan. The new agreements total 100 MW across four solar projects, following an earlier 25 MW deal. Located in Kyushu and Chugoku, these projects support Microsoft’s clean energy goals….
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Sunhat secures €9.2 million to enhance AI-powered ESG solutions. The German startup plans to expand its AI platform for validating sustainability data, targeting significant growth and new partnerships, with funding led by CommerzVentures….