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Uber Unveils AI Assistant to Help Drivers Transition to Electric Vehicles
Uber has introduced an AI assistant to support drivers transitioning to electric vehicles, providing answers on EV benefits and logistics, alongside an $800 million commitment to promote sustainable transport.
15 October 2024by Sourav Das
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Macquarie Group Unveils £20 Billion Commitment to UK Infrastructure, Focusing on EV Charging Expansion
Macquarie Group announces a £20 billion investment in UK infrastructure, focusing on EV charging with 650 fast-charging points and renewable energy initiatives to support economic growth.
15 October 2024by Sourav Das
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India's Renewable Energy Capacity Surpasses 200 GW Mark, Comprising 46% of Total Power Capacity
India has surpassed 200 GW of renewable energy capacity, driven by solar and wind projects, marking a major step toward sustainability and energy security. The goal is 500 GW by 2030.
15 October 2024by Sourav Das
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Google Signs Landmark Deal to Power AI Operations with Nuclear Energy
Google has partnered with Kairos Power to use small modular nuclear reactors for AI energy needs, aiming for sustainable operations and reduced carbon footprint. This marks a shift in tech energy sourcing.
15 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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Anaphite Secures $13.7M to Advance Sustainable EV Battery Manufacturing
UK-based startup Anaphite raised $13.7 million in Series A funding to scale its innovative solution aimed at reducing the cost and carbon footprint of EV battery production. Founded in 2018, Anaphite’s unique dry-process technology eliminates the need for energy-intensive drying ovens, cutting energy use by 90%, manufacturing costs by 40%, and carbon emissions by 30%. The funds will support scaling production, expanding dry coating capabilities, and boosting R&D. Backed by investors such as World Fund and Maniv, Anaphite aims to revolutionize the EV battery supply chain with its sustainable approach.
06 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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Watts Water Technologies Among “America’s Greenest Companies 2025"
Watts Water Technologies, Inc., a global leader in plumbing, heating, and water quality solutions, has been named one of America’s Greenest Companies for 2025 by Newsweek. Recognized among the top 300 U.S. companies for environmental sustainability, Watts earned its place through its efforts to reduce greenhouse gas emissions, water consumption, and waste generation, while maintaining transparency in its sustainability practices. The rankings were based on over 25 parameters, derived from the strict European Union sustainability standards. Watts has a legacy of over 150 years of innovation aimed at improving water safety and energy efficiency. CEO Robert J. Pagano, Jr. highlighted the company’s commitment to environmental stewardship both within their operations and through customer support, ensuring a positive environmental impact. Watts’ comprehensive Environmental, Social, and Governance (ESG) initiatives are detailed in their 2023 Sustainability Report, reflecting their continuous efforts to combat climate change and preserve water resources for future generations.
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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