-
Microsoft’s AI outlay has unsettled investors despite strong quarterly growth. The company’s results outperformed expectations, but soaring capital expenditure underscored the rising cost of cloud infrastructure and renewed questions about how soon artificial intelligence investments will deliver returns.
-
Nvidia has become the world’s first publicly traded company to cross a $5 trillion market-capitalisation mark. The milestone, driven by unprecedented demand for artificial-intelligence hardware, reflects the reshaping of global markets around AI infrastructure and raises questions about the sustainability of such concentrated growth.
-
Puma said it will cut around 900 white-collar roles globally by end 2026. The German sportswear group reported double-digit sales declines and rising debt, prompting a wider restructuring under new chief executive Arthur Hoeld as it seeks to stabilise margins and reset its global distribution model.
-
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….
-
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….
-
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….
-
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….
-
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.
-
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.
-
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….