ESG
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UK ETS to include engineered greenhouse gas removals by 2029. The UK Government plans to integrate engineered greenhouse gas removals into the Emissions Trading Scheme by 2029, maintaining market stability with robust standards and a cautious approach to woodland-based removals.
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Sustainability is seen as a key value driver. A Morgan Stanley survey of over 330 companies highlights sustainability as a critical element for value creation, with 88% of executives recognising its impact. Companies are increasingly adept at measuring sustainability ROI, enhancing strategic capital allocation….
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INEOS completes £30m investment to switch Hull site to hydrogen. The conversion to hydrogen at the INEOS Hull site reduces carbon emissions by 75%, aiding manufacturers in lowering supply chain emissions. Hydrogen, seen as key for cleaner energy, faces production challenges….
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California clarifies climate disclosure laws requirements for businesses. California’s Air Resources Board (CARB) has issued formal guidance to assist companies in meeting the state’s climate disclosure mandates. The guidance provides flexibility in reporting frameworks and data years, easing compliance for businesses….
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Petrobras appoints Angélica Laureano as Executive Director for Sustainability. Laureano, with 37 years at Petrobras, will lead the company’s energy transition efforts, focusing on decarbonisation and renewable energy. This appointment highlights Petrobras’ commitment to gender diversity in senior management….
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Sol Systems secures $675 million for solar and storage projects. The U.S. clean energy firm will initially support 500 MW projects in Illinois, Ohio, and Texas, with completion expected by 2026. KKR Capital Markets led the financing arrangement….
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A new Government report finds businesses are failing disabled customers. The report highlights persistent barriers in retail, hospitality, and banking, with most disabled consumers lacking confidence in future access. Leading advocates say this is a commercial and moral missed opportunity for UK businesses.
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The UK targets halving sewage pollution by 2030. The Environment Secretary announced a commitment to reduce sewage pollution from water companies by 50% by 2030, addressing public concerns over pollution and governance in the water sector.
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BP sells its onshore wind business to LS Power. The agreement is part of BP’s strategy to refocus on oil and gas. The sale includes 10 wind assets in the U.S. with a net capacity of 1.3 GW….
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UK government invests £63 million to enhance EV infrastructure. The initiative aims to expand charging access, electrify NHS fleets, and improve signage, providing savings for public sectors and households while boosting public confidence in electric vehicles.