ESG
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Stegra partners with Microsoft to promote low-emission steel use. Swedish steel maker Stegra and Microsoft have announced two agreements to integrate near-zero emission steel into Microsoft’s datacenter operations, including a supply deal and an environmental attribute certificates system to support carbon reduction goals….
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LanzaJet and KazMunayGas advance Kazakhstan’s sustainable aviation fuel project. The venture progresses to the engineering and design phase, enhancing regional leadership in low-carbon aviation and economic development, aiming to meet Kazakhstan’s projected sustainable aviation fuel demand of 70,000 tonnes by 2030….
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Iberdrola plans €110 billion investment focusing on grid networks. Europe’s largest utility aims to enhance stability and returns by prioritising regulated grid networks over renewable generation projects. The strategy targets the US and UK, anticipating €7.6 billion annual net profit and 15,000 new jobs by 2028.
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Connect Earth acquires ESG platform Datia to enhance sustainability. Connect Earth, a climate fintech firm, has acquired the ESG reporting platform Datia. This move aims to integrate emissions data with regulatory reporting, aiding financial institutions in meeting sustainability obligations across EMEA and North America….
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EU aims to set 2035 emissions target before COP30 summit. The European Council has committed to establishing a 2035 emissions reduction target for the EU ahead of the COP30 climate conference, despite missing the September deadline due to unresolved disagreements among member states on key climate ambitions….
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Ingka Investments partners with Vanguard Renewables to transform food waste. Ingka Group’s investment arm has made a minority investment in Vanguard Renewables, a BlackRock portfolio company, to convert food waste from IKEA stores into renewable natural gas, enhancing their sustainability efforts….
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Climate Week NYC gathers global leaders amid ongoing climate challenges. With geopolitical instability and economic uncertainty dominating headlines, the urgency of addressing climate change persists. Recent environmental disasters highlight the necessity of maintaining focus on climate action, despite other pressing global issues….
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La Caisse acquires Edify for AUD$1.1 billion investment. The Canadian investor will support Edify’s growth, which includes developing over 1 GW of solar and battery systems and financing new projects for Rio Tinto and the Australian government….
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Eni signs $1 billion fusion energy agreement with CFS. Italian energy company Eni has entered a $1 billion power purchase agreement with Commonwealth Fusion Systems to acquire energy from its first commercial fusion plant, expected to be operational in Virginia in the early 2030s….
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Macquarie raises over $3 billion for energy transition strategy. The firm’s Macquarie Green Energy Transition Solutions fund surpassed its initial target, securing $2.4 billion in fund commitments and $647 million in co-investment, focusing on decarbonisation sectors globally….