ESG
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UK retains national electricity pricing, introduces strategic energy reforms. The government aims to modernise the electricity market, maintaining a unified pricing model while implementing reforms to enhance efficiency and fairness, reduce costs, and secure clean energy investments.
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Iberdrola announces €6.6 billion in sustainable finance transactions. Global energy provider Iberdrola has secured €4.1 billion for a UK wind farm and a €2.5 billion credit line linked to sustainability targets. The financing supports Iberdrola’s ongoing green investment strategy….
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PepsiCo and Cargill launch collaboration for regenerative agriculture. The initiative aims to expand sustainable farming practices across 240,000 acres in Iowa by 2030, enhancing supply chain resilience and supporting farming communities through tailored advice and financial incentives….
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Brookfield and Google announce major hydroelectric power agreement. Brookfield Asset Management and Google have entered into a Hydro Framework Agreement to provide up to 3,000 MW of carbon-free hydroelectric capacity for Google’s U.S. operations. This marks the largest corporate clean power deal for hydroelectricity to date….
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UK launches a Transition Finance Pilot to boost green finance. The initiative aims to remove regulatory barriers hindering companies from reducing carbon emissions, potentially attracting up to £200 billion in investment and reinforcing the UK’s leadership in green finance.
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UK government halts plans for a Green Taxonomy framework. The decision follows a consultation indicating limited support for the taxonomy, with only 45% of respondents expressing a positive view, suggesting a preference for other sustainable finance policies….
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The European Commission’s regulatory changes prompt strategic business thinking. The Omnibus proposals delay sustainability reporting deadlines, offering companies time to refine strategies and improve infrastructure, while stakeholders must use disclosed information wisely to make informed decisions….
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Shell, Accenture, and Amex GBT enhance their SAF platform. The Avelia platform, initially launched in 2022, now includes multiple fuel suppliers, aiming to expand sustainable aviation fuel adoption. Over 57 companies have joined, contributing to significant CO2 reduction….
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Microsoft and Novata collaborate to enhance sustainability data solutions. The partnership aims to co-develop AI tools for SMEs, including Microsoft suppliers, to simplify sustainability reporting and data management, leveraging Microsoft Azure AI Foundry and Microsoft Fabric technologies….
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EU delays new sustainability reporting requirements for large companies. The European Commission has modified the European Sustainability Reporting Standards to postpone additional reporting obligations for major firms, aiming to reduce regulatory burdens as part of its Omnibus I package….