News
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Clarity AI acquires ecolytiq to enhance climate engagement solutions. Clarity AI aims to bolster its climate engagement capabilities for global banking institutions through the acquisition of ecolytiq, a firm specialising in climate engagement solutions for financial services….
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EU lawmakers reject deforestation benchmarking system in key regulation. The European Parliament’s decision may delay the EU Deforestation Regulation, aimed at preventing deforestation-linked products on EU markets, as concerns over outdated data and insufficient risk categories persist….
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Microsoft signs a major carbon removal deal with Copenhagen Infrastructure Partners. The agreement involves capturing nearly 3 million tonnes of carbon through a waste-to-energy facility in Denmark, marking a significant step in Microsoft’s environmental strategy….
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UK commits £12 million to enhance disaster risk finance. The funding aims to expedite responses to climate shocks in vulnerable countries, reducing recovery costs. This move is part of the UK’s strategy to become a leader in sustainable finance.
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The Bank of England has adjusted its mortgage lending rules. From July 2025, individual UK lenders may exceed the 15% cap on high loan-to-income mortgages, provided the overall market remains below this level. The temporary relaxation takes effect immediately via an interim waiver.
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Christian Horner dismissed as Red Bull Racing team principal. Laurent Mekies takes over amid speculation surrounding Horner’s departure, following an internal scandal earlier this year. Red Bull’s recent performance issues may have influenced the decision.
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California’s climate disclosure laws advance amid firm deadlines. The California Air Resources Board has emphasised that companies must prepare for upcoming reporting requirements, with the first public workshop highlighting the importance of meeting these deadlines to ensure compliance….
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The UK Government pledges £92 billion for transport upgrades. The investment aims to boost economic growth, create 42,000 jobs, and improve journey times. It includes major road and rail projects across England and Wales, enhancing connectivity and supporting regional development.
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Morrisons has introduced a new AI product finder. The supermarket’s latest in-app feature, built on Google Cloud, helps shoppers find items more easily during busy periods and seasonal changes, with real-time location guidance across its nationwide stores.
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ESMA issues guidance to prevent greenwashing in sustainability claims. The European Securities and Markets Authority has released a thematic note advising market participants on sustainability-related claims, focusing on ensuring these are accurate, accessible, substantiated, and up to date, to mitigate greenwashing risks….
