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Meta and Engie North America sign new solar energy agreements. The agreements include a 600 MW solar project in Texas, boosting their collaboration to over 1.3 GW. This supports Meta’s commitment to renewable energy for its data centres….
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Norges Bank releases its 2030 Climate Action Plan. The plan outlines its updated approach to managing climate-related financial risks and opportunities. It focuses on engagement with portfolio companies to align activities with global net zero emissions targets by 2050….
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Arca signs a 10-year carbon removal agreement with Microsoft. British Columbia-based Arca will use its technology to transform mining waste into rock, permanently sequestering nearly 300,000 tonnes of CO2. The agreement supports Microsoft’s goal to become carbon negative by 2030….
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Net Purpose acquires SDI AOP to unify sustainable investment standards. The acquisition aims to enhance sustainable investing by creating a unified standard that accelerates investments aligned with climate and Sustainable Development Goals, leveraging the expertise of major pension asset managers….
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UK universities plan £500m fossil-free cash investment fund. A coalition of 79 higher education institutions, led by Cambridge, aims to decarbonise short-term investments through a new fund excluding fossil fuel-linked companies, expected to launch by late 2025.
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UK grants FCA powers to regulate ESG ratings providers. The legislation aims to ensure transparency and comparability in ESG ratings, enhancing trust in sustainable finance. A public consultation on detailed rules is expected by year-end.
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Upright launches a tool for real-time double materiality assessment. The tool, available for free, allows companies to conduct a comprehensive double materiality assessment using just their URL, addressing key impacts, risks, and opportunities in minutes….
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Two global giants are reshaping their workforces through AI-driven restructuring. PwC and Amazon have each announced major headcount reductions tied to automation investment and slower growth. Both moves highlight how large employers are shifting from expansion to productivity, using artificial intelligence to redefine roles, structures, and future hiring priorities.
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GSK lifted its 2025 sales forecast after a strong third quarter. Specialty medicines drove the increase, with double-digit gains across HIV, oncology, and respiratory treatments boosting overall revenue. The company now expects annual growth of 6–7 per cent, reflecting continued momentum in higher-margin therapies and a robust launch pipeline.
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Japan’s economy strengthened modestly in October, led by corporate investment. The government’s latest monthly report points to rising capital expenditure in equipment, software, and digitalisation, while household consumption remains subdued and export risks persist. Officials maintained their overall view of moderate recovery for the third consecutive month.