ESG
-
Honeywell UOP, Johnson Matthey, GIDARA Energy, and SAMSUNG E&C have announced the formation of an alliance aimed at developing new technology to accelerate sustainable aviation fuel (SAF) production and reduce costs. Fuel is a major contributor to emissions in the aviation sector. SAF, generally derived from sustainable resources like waste oils and agricultural residues, is…
-
Nippon Steel has revealed a significant investment plan amounting to ¥870 billion (approximately £4.9 billion) to transition its steelmaking processes in Japan from traditional blast furnaces to electric arc furnace (EAF) technology. This strategic shift is part of its efforts to substantially decrease carbon emissions in steel production, a sector known for its high CO2…
-
Global digital services and consulting firm Infosys has unveiled a new set of commitments under its updated sustainability strategy, “Infosys ESG Vision 2030.” This includes an ambitious goal to become carbon negative by the end of the decade, aiming to absorb more greenhouse gases than it emits. Infosys introduced its ESG Vision 2030 strategy in…
-
Flexible workspaces are reshaping local economies and modern business resilience.
-
Alternative asset management firm TPG has announced that its climate investment platform, TPG Rise Climate, will acquire a majority stake in Aurora Energy Research, a UK-based power market analytics provider. Aurora Energy Research, established in 2013 by University of Oxford professors and economists, offers power market forecasting and analytics to aid significant investment and financial…
-
Oxford University’s Saïd Business School and the accounting organisations AICPA & CIMA have announced the launch of the Sustainability Reporting and ESG Data Management Programme. This new executive management course focuses on strategies for sustainability reporting. Amir Amel-Zadeh, Associate Professor of Accounting at Saïd Business School, stated that this initiative arises as companies encounter new…
-
Multinational chemicals company DuPont has announced a significant milestone in its global sustainability mission, with all its electricity needs across European Union operations now being met by renewable sources. This achievement, facilitated through the use of Renewable Energy Certificates (RECs) and on-site solar energy, represents a crucial step toward DuPont’s pledge to achieve net-zero carbon…
-
ScottishPower Energy Networks (SPEN), part of Iberdrola’s UK operations, plans to invest over €262 million to enhance and future-proof the UK’s electricity distribution infrastructure. This investment supports the nation’s climate targets and aligns with SPEN’s ED2 business plan (2023–2028), setting the groundwork for the forthcoming regulatory phase (ED3). SPEN CEO Nicola Connelly stated, “We are…
-
Meta, the parent company of Facebook, Instagram, and WhatsApp, has announced a new agreement with Constellation Energy to extend the operational life of a nuclear energy facility in Illinois by 20 years. The facility’s 1.1 GW output will support Meta’s operations in the region and contribute to the company’s clean energy targets. Starting in June…
-
A coalition of major financial institutions and governments has unveiled plans to establish a company dedicated to boosting private investment in sustainable development projects across emerging markets and developing economies (EMDEs). Blended finance integrates public or philanthropic capital with private funding through a unified investment structure, facilitating investment in ventures with high perceived risk profiles,…