Cross industry News | ESG & Sustainability | OneStop ESG
1439 articles · Page 113 of 120
Andhra Pradesh Unveils AP Integrated Clean Energy (ICE) Policy, Targets Rs 10 Lakh Crore Investment
Andhra Pradesh launches the AP Integrated Clean Energy Policy, targeting Rs 10 lakh crore in investments for renewable energy by 2047, aiming for net zero emissions and creating 7,50,000 jobs.
18 October 2024by Sourav Das
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Bloomberg Introduces New Tool for Evaluating Biodiversity and Nature Risks
Bloomberg has launched a new tool to help investors assess nature and biodiversity risks, aligning with TNFD recommendations, while covering 45,000 companies and providing critical insights on environmental impact.
17 October 2024by Sourav Das
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ESG Book and Zfolio Join Forces to Enhance Financed Emissions Calculation
ESG Book has partnered with Zfolio to streamline financed emissions calculations for financial institutions. This collaboration combines ESG Book’s extensive sustainability data with Zfolio’s platform, enhancing automation and accuracy in emissions assessments.
15 October 2024by Sourav Das
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Mizuho Partners with UNDP to Boost Sustainable Development Initiatives in Asia
Mizuho Financial Group has partnered with the UNDP to enhance sustainable development in Asia, focusing on climate action, poverty reduction, and promoting the UN's Sustainable Development Goals.
14 October 2024by Sourav Das
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Sustainalytics Launches New Solutions for EU Regulatory Compliance and Reporting
Morningstar Sustainalytics has unveiled a suite of tools to support companies and investors in navigating emerging EU regulatory requirements. As part of the EU Sustainable Finance Action Plan Solutions Suite, these offerings include a Corporate Sustainability Reporting Directive (CSRD) Aligned Data solution, an ESMA Fund Naming Rules Solution, and an enhanced EU Taxonomy solution. The CSRD, which expands mandatory sustainability reporting to over 50,000 companies, introduces comprehensive disclosures on environmental and social impacts. Sustainalytics’ CSRD tool helps companies comply with these new requirements, while aiding investors in analyzing ESG performance across portfolios. The ESMA solution addresses greenwashing concerns by supporting fund compliance with new naming rules, and the EU Taxonomy solution provides detailed data on sustainable economic activities, helping investors with regulatory reporting and green investment strategies. These tools aim to streamline compliance with EU regulations and provide greater transparency in ESG reporting.
10 October 2024by Sourav Das
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India Launches First Energy Transition Startup Accelerator
India’s first startup accelerator focused on energy transition has been launched by Transition VC, in collaboration with T-Hub and IEEE. This initiative aims to support innovative startups working on decarbonization, electric transportation, long-duration energy storage, and clean energy solutions. The launch coincides with NITI Aayog’s upcoming national policy framework, designed to propel India towards its Net Zero ambitions. The accelerator will incubate 7-8 startups in its first phase, offering funding from Transition VC’s ₹400-crore fund, alongside mentorship, R&D, and prototyping assistance. T-Hub will act as the Innovation Execution Partner, providing resources for product development, while IEEE will contribute academic expertise and skill-building support. The program addresses the shortage of deep-tech hardware startups in India’s energy transition sector. Through this initiative, Transition VC seeks to foster an ecosystem where startups can innovate, reducing India’s dependence on fossil fuels and contributing to the nation's climate and energy goals.
10 October 2024by Sourav Das
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The Green Glass Ceiling: Women are Being Left Out of Sustainable Jobs, Says IMF Report
A recent analysis by the International Monetary Fund (IMF) highlights a significant gender gap in green jobs, with women being underrepresented in sectors such as renewable energy, sustainable agriculture, and waste management. Despite the rise in employment opportunities within these industries, men hold two-thirds of green jobs globally, leaving women disproportionately stuck in more polluting sectors. A major factor behind this disparity is the lower number of women graduating in STEM fields, which are crucial for green careers. This underrepresentation not only perpetuates the gender gap but also hampers the effectiveness of climate policies, as economies with inclusive workforces are better equipped for a green transition. While green jobs offer higher wages and narrower gender pay gaps, women continue to miss out on these benefits. To close the gap, the report calls for increased STEM education for women and addressing gender biases in recruitment and management.
10 October 2024by Sourav Das
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Asda Links Supplier Financing Rates to Decarbonization and ESG Performance
Asda has launched a new sustainability-linked supply chain finance program in partnership with HSBC UK, incentivizing suppliers to adopt sustainable practices. Starting in 2025, the program will offer more than 250 suppliers enhanced financing rates based on their ESG performance, including data disclosure, target-setting, and decarbonization efforts. Suppliers performing well against key performance indicators (KPIs), assessed by EcoVadis, will benefit from preferential terms. The initiative aligns with Asda's commitment to reducing Scope 3 emissions, which account for 98% of its carbon footprint, while also encouraging transparency and improved ESG practices in its global supply chain.
04 October 2024by Sourav Das
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California Enacts Landmark Climate Disclosure Law for Large Companies
On October 1, 2024, California Governor Gavin Newsom signed a new climate disclosure law, requiring large companies operating in the state to report emissions and climate-related financial risks. The law, incorporating SB 253 and SB 261, mandates businesses with over $1 billion in revenue to disclose emissions from all scopes, while those with over $500 million must report on climate-related risks. Despite earlier concerns, the original 2026 start date remains intact. Key amendments include more flexible reporting for Scope 3 emissions and consolidated reporting at the parent company level, solidifying California’s role in advancing corporate climate transparency.
02 October 2024by Sourav Das
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The Rise of Greenhushing: Why Companies Stay Silent on Sustainability
Greenhushing is when companies deliberately withhold information about their sustainability efforts, even if they have achieved carbon neutrality or made significant environmental progress. This trend is driven by fear of legal repercussions, consumer misconceptions about green products, and concerns about public scrutiny or greenwashing accusations. While these companies take meaningful actions toward sustainability, they choose not to advertise them, often to avoid negative perceptions or backlash. Greenhushing is increasing across industries, potentially slowing the spread of environmental solutions and reducing the visibility of corporate climate action.
02 October 2024by Sourav Das
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EU Commission Takes Action Against 17 Member States for Failing to Implement CSRD Rules
The European Commission has initiated infringement procedures against 17 EU member states for not fully transposing the Corporate Sustainability Reporting Directive (CSRD) into their national laws. The CSRD, an update to the Non-Financial Reporting Directive (NFRD), significantly expands the scope of mandatory sustainability reporting to over 50,000 companies. It introduces stricter reporting requirements on environmental, social, and governance (ESG) impacts and risks. Despite the July 2024 deadline, countries like Germany, Belgium, and Spain have not yet complied. The Commission warned that without transposition, the harmonization of sustainability reporting across the EU would be compromised, affecting investment decisions. Member states have two months to respond before further legal action is taken. Additionally, the Commission has opened infringement cases against 26 states for failing to meet renewable energy permitting provisions, with only Denmark meeting the deadline for compliance.
01 October 2024by Sourav Das
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Atlas Metrics Secures €12.2 Million to Expand ESG Reporting Platform
Berlin-based ESG software startup Atlas Metrics has raised €12.2 million in Series A funding to expand its team, enter new markets, and enhance its ESG compliance and performance management platform. Founded in 2021, the company helps mid-sized businesses and financial institutions meet regulatory requirements, including the EU’s Corporate Sustainability Reporting Directive (CSRD). Atlas Metrics’ platform automates ESG reporting, utilizing AI and advanced analytics to transform sustainability data into strategic insights. The funding round was led by MMC Ventures, alongside existing investors Cherry Ventures, b2venture, and Redstone.
01 October 2024by Sourav Das
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