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Global bank ING and the European Investment Bank (EIB) announced today the launch of a new sustainable finance program aimed at providing €600 million in new loans to small and medium-sized enterprises (SMEs ) in Belgium, the Netherlands and Luxembourg to enable investments with a positive climate and environmental impact. The fund will provide low-interest […]
This week in ESG news: IFRS takes over responsibilities of the TCFD; Amundi votes against more than 500 directors over climate strategy; investors push back against EU plan to ease sustainability reporting requirements; Coca-Cola launches $138 million decarbonization venture fund; ESG now # 2 priority for procurement execs, Deloitte survey finds; Singapore plans mandatory ESG […]
American Airlines issued its 2022 Sustainability Report, providing updates on the company’s strategy and progress on key issues over the year. The report affirms American’s focus on the sustainability issues most important to its business and stakeholders, including climate change, customer and team member safety, human capital and customer service. “Over the past year, American has […]
Global mining and metals company Rio Tinto announced today a partnership with Sumitomo to build a pilot plant at Rio Tinto’s Yarwun Alumina Refinery in Queensland, Australia, aimed at reducing the carbon intensity of alumina production. The pilot project, Yarwun Hydrogen Calcination Pilot Demonstration Program, aims to demonstrate the viability of using hydrogen in the […]
“Our Best Today, Better Tomorrow” GUESS released its FY 2022-2023 ESG Report, “Our Best Today, Better Tomorrow,” highlighting 9 years of meaningful reporting progress and its sustainability commitments for the future. The report details the global fashion brand’s first-ever ‘double materiality assessment,’ which was conducted to identify, update, and prioritize sustainability topics, and refresh GUESS’ […]
The Countries Buying Fossil Fuels from Russia in 2023 This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on real assets and resource megatrends each week. While Russia’s revenues from fossil fuel exports have declined significantly since their peak in March of 2022, many countries are still […]
Athletic footwear, apparel, and accessories company PUMA announced today a new commitment to source all bovine leather from verified deforestation-free supply chains. A recent report released by the UN-backed Race to Zero found that deforestation attributable to companies with land-based value chains, particularly in the forest, land and agriculture sectors, is responsible for a significant proportion of […]
TCL Electronics ESG Report 2022 demonstrates efforts on a brand and product level which aim to inspire its customers to live more sustainable lives TCL Electronics, a leading consumer electronics brand and the world’s top two TV brand, recently launched its 2022 ESG report, detailing the milestones reached on TCL’s sustainability journey to date and […]
Ranking the Most Competitive Countries Around the World Just as a well-made ship needs fair weather for a smooth voyage, businesses need a supportive ecosystem to start and stay successful. Rankings for the most competitive countries attempt to quantify this support directly, seeing which economies have the best frameworks for business to thrive. Examining how […]
Insurance group AXA announced today a series of decarbonization targets for its investment and insurance activities, including goals to reduce emissions of its largest commercial insurance clients by 30% and to cut the carbon footprint of the group’s general account investment assets by 50% by 2030, on a 2019 basis. The new goals, published with […]