ESG
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HSBC exits UN-backed Net-Zero Banking Alliance, sparking concerns. The bank reaffirms its 2050 net zero goal despite leaving the group, drawing criticism from sustainability investors who question its climate commitment following recent strategic changes….
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California mandates climate risk reporting for large companies. New regulations require firms operating in California to disclose emissions and climate-related financial risks. The FAQ outlines compliance timelines, with initial reports due by January 2026….
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EFRAG proposes significant reduction in sustainability reporting requirements. The European Financial Reporting Advisory Group is considering changes to reduce data points in the European Sustainability Reporting Standards by two-thirds, eliminating voluntary disclosures. The draft proposal aims to simplify sustainability reporting under the EU’s CSRD regulation….
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Frontier coalition secures $41 million carbon removal agreement. The agreement with Arbor enables the construction of a commercial-scale plant to remove 116,000 tons of CO2 by 2030, addressing both carbon removal and clean electricity needs for companies like Google and Shopify….
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UL Solutions unveils new sustainability-focused software solutions. The company launched tools to manage supply chain emissions, meet ISSB reporting requirements, and plan renewable energy deployment, enhancing its ULTRUS platform to address complex sustainability and compliance challenges….
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Iberdrola and Masdar announce a €5.2 billion investment. The offshore wind project, East Anglia THREE, will power 1.3 million UK homes. This marks a milestone in their partnership, focusing on energy security and climate targets….
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ISS Sustainability Solutions launches climate risk report for investors. The new Sovereign Climate Impact Report allows investors to assess and manage climate transition risks in sovereign portfolios, providing tools for carbon footprinting and scenario alignment while supporting compliance with global climate disclosure standards….
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Sumitomo Corporation invests in CO₂ pipeline for UK decarbonisation. The £59.6 million pipeline will aid decarbonisation of cement and lime plants, contributing to the UK’s goal of capturing 50 million tonnes of CO₂ annually by 2035, and securing 13,000 jobs.
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Veolia invests £70M in UK’s first PET tray recycling plant. The facility will process 80,000 tonnes of plastic annually, reducing carbon emissions by up to 70%. It will create over 130 permanent jobs, supporting regional development and sustainability.
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Google reveals a 12% drop in data centre emissions. The 2025 Environmental Report shows Google reduced data centre emissions by 12% in 2024, despite increased energy usage. However, overall emissions grew due to a 20% rise in supply chain emissions….