Net-Zero Banking Alliance ceases operations amid restructuring plans. The coalition will transition to a framework offering guidance for banks on decarbonisation targets, following numerous high-profile departures. This move aims to support banks’ climate transition plans and foster inclusivity….

Global Cement and Concrete Association launches new membership category. The initiative aims to enhance collaboration across the construction sector to support net zero ambitions. It opens membership to key organisations in construction and decarbonisation efforts….

Nuveen acquires majority stake in Ally Energy Solutions. The acquisition, part of Nuveen’s Climate Inclusion strategy, aims to foster a low-carbon economy. Ally Energy, founded in 2014, enhances energy efficiency and sustainability for commercial and industrial clients….

Most EU businesses support comprehensive sustainability rules over simplification. A survey by E3G and YouGov indicates substantial business backing for robust sustainability reporting and due diligence regulations, highlighting their perceived value in enhancing competitiveness and setting global standards….

Amazon partners with Avangrid for Oregon solar energy project. Amazon has signed a Power Purchase Agreement with Avangrid for a new solar facility in Oregon, expected to generate 57 MWdc for its data centres by 2027, creating local jobs and economic benefits….

Barclays partners with UNDO for carbon removal initiative. Barclays has signed its first carbon removal agreement with UNDO to eliminate over 6,500 tonnes of CO2. This collaboration employs enhanced rock weathering technology to accelerate CO2 removal, contributing to Barclays’ net-zero goals….

EU climate goals progress despite risks to competitiveness. The EU has reduced greenhouse gas emissions significantly since 1990, achieving a 37% reduction while facing growing competitive risks from climate change and environmental degradation, according to the European Environment Agency’s latest report….

Microsoft invests in green cement maker Fortera to reduce emissions. Cement production significantly contributes to global emissions. Microsoft’s investment in Fortera supports its sustainable materials strategy, targeting the carbon footprint of its datacenters while helping advance low-carbon building materials….

The SBTi Academy aims to improve climate target-setting skills. The Science Based Targets initiative launched a new platform and certification to enhance professionals’ abilities to set and implement science-based climate targets, addressing the growing demand for sustainability skills globally….

Norges Bank commits $1.5 billion to Brookfield energy fund. Norges Bank Investment Management has partnered with Brookfield Asset Management, investing in the Brookfield Global Transition Fund II to support renewable energy projects and advance the transition to low-carbon solutions globally….