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This Earth Month, and every month, Target celebrates how sustainability strengthens its business and communities, while delivering a more joyful and meaningful experience for guests. From designing its owned brands to powering its stores, Target makes thoughtful choices through its Target Forward sustainability strategy to benefit people, the planet, and its long-term growth. “Target takes […]
This week in ESG news: SBTi to allow expanded use of carbon credits in net zero targets; Japan releases proposed sustainability reporting standards; EU adopts rules requiring new buildings to be zero emissions by 2030; Watershed launches new CSRD sustainability reporting solution; Lululemon launches first-ever product with new recycled polyester tech and captured carbon; MSCI […]
The world’s dependence on coal-fired power plants witnessed a surprising rise in 2023, marking the highest annual increase since 2016. This trend, highlighted in a report by Global Energy Monitor (GEM), comes despite record growth in renewable energy sources. The key driver behind this uptick is China, which saw a whopping 47.4 GW of new […]
UK-based commercial property investment manager Orchard Street Investment Management announced the appointment of Kathryn Barber as Head of Responsibility and ESG. In her new role, Barber will focus on building Orchard Street’s credentials as a responsible investor, and the integration of ESG across client portfolios. In addition, Barber will support the delivery of social and […]
In an unprecedented move, late on Thursday, the SEC decided to stay their own rule while the litigation is settled to “avoid any regulatory uncertainty.” Meanwhile, Liberty Energy, a Denver-based fracking company, was the first company to sue the SEC and has emerged as the most outspoken opponent of the climate rule. CEO Chris Wright has litigated other environmental rules […]
Professional services firm EY announced today the launch of a new Sustainable Finance Innovation Hub, aimed at supporting financial institutions globally in meeting their ESG regulatory and reporting requirements. Based in Dublin, the new hub will add 40 specialists over the next few months, spanning the environmental, social and governance pillars of ESG, more than […]
A new report by Boston University’s Global Development Policy Center and the African Economic Research Consortium sheds light on China’s potential to be a transformative force in Africa’s shift towards clean energy. The report acknowledges China’s established role as Africa’s biggest trading partner, with substantial investments in large-scale infrastructure projects. However, it reveals a critical […]
Solar energy and energy storage producer MN8 Energy announced today that it has raised $325 million through a private placement of convertible preferred stock, with proceeds from the financing to be used to fund the company’s growth and expansion of operations. Launched in 2017 as Goldman Sachs Renewable Power LLC, New York-based MN8 was rebranded […]