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BBVA achieves record €30 billion in sustainable finance for Q2 2025. The bank’s sustainable finance volumes for H1 2025 reached €63 billion, marking a 48% increase from the previous year. BBVA’s initiatives focus on climate, natural capital, and social projects….
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A U.S. judge allows antitrust lawsuit against asset managers. The case accuses BlackRock, Vanguard, and State Street of conspiring to manipulate coal markets through sustainable investment initiatives, with claims that they pressured coal companies to reduce production to meet climate goals….
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Mars launches initiative to protect peanut crops from climate change. The Mars Protect the Peanut Plan is a new agri-science initiative aimed at safeguarding peanut crops against climate change impacts, including droughts, flooding, pests, and disease, to ensure the reliability of global supply….
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The European Commission launches a consultation on Circular Economy Act. The initiative aims to reduce resource dependence, enhance competitiveness, and address environmental impacts, focusing on creating a single market for secondary raw materials by 2026….
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UK green energy tariffs decline sharply amid cost of living crisis. Green energy deals have dropped from 85% to 18% of the market due to rising costs, with consumers prioritising affordability over sustainability. Suppliers now focus on balancing green credentials with consumer expectations.
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Helion begins construction of its first fusion power plant. The plant, located in Malaga, Washington, aims to supply Microsoft with carbon-free energy by 2028, marking a significant step toward commercial fusion power and supporting Microsoft’s sustainability goals….
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EFRAG revises sustainability reporting standards, simplifying requirements significantly. The European Financial Reporting Advisory Group (EFRAG) has released revised drafts of the European Sustainability Reporting Standards, cutting reporting datapoints by 68% to reduce the burden on companies under the EU’s Corporate Sustainability Reporting Directive….
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Barclays exits the Net-Zero Banking Alliance amid global shifts. Barclays’ departure from the UN-backed coalition follows similar exits by major banks globally, amid political pressure. Despite leaving, Barclays maintains its net-zero commitment and sustainable finance goals….
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APG commits A$1 billion to Octopus Australia’s energy platform. The partnership will enhance Octopus Australia’s renewable energy projects, marking a significant step in Australia’s clean energy transition with a focus on solar, wind, and battery storage developments….
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US state officials warn investment firms against ESG integration. State treasurers and financial officers from 21 US states have cautioned major investment firms against incorporating sustainability and climate considerations into their strategies, expressing concerns about the erosion of traditional fiduciary duty….