Contemporary Amperex Technology (CATL) [300750:CH], the world’s largest electric vehicle (EV) batteries maker, is expanding its business to include the development of perovskite solar cells (PSC), as reported by Bloomberg on May 26. PSC is regarded as one of the most promising methods to improve the...
Microsoft [MSFT:US] and Japanese information technology firm Fujitsu [6702:JP] have announced a five-year strategic partnership to jointly develop and deploy sustainability transformation-focused cloud solutions across manufacturing, retail, healthcare, and the public sector, as reported by ESG Today on May 30. Building upon their existing collaboration,...
Meta [META:US] has offered not to use other businesses’ advertising data for its online classified ad service, Facebook Marketplace, as reported by Reuters on May 26. The offer was intended to address competition concerns raised by the Competition and Markets Authority (CMA), the UK’s antitrust watchdog....
Delta Air Lines [DAL:US] is facing a consumer class action lawsuit alleging that the company’s USD1bn carbon neutrality claim is “false and misleading,” as reported by the Guardian on May 30. The lawsuit was filed in California on behalf of a local resident who bought Delta...
A group of large insurers has decided to leave the Net-Zero Insurance Alliance (NZIA) due to greater political pressure from US Republican politicians on collective climate action groups, as reported by the Financial Times on May 27. The insurers that have withdrawn from the alliance included...
The Canadian federal government and the Quebec province have committed approximately CAD150m (USD110m) each to support the establishment of a General Motors-POSCO Chemical battery materials facility in Becancour, Quebec, as reported by Reuters on May 29. The facility aims to produce cathode active material (CAM)...
Austria, France, Ireland, and the Netherlands have jointly urged the European Union (EU) to strengthen legislations to address the environmental impact of private jet travel, as reported by Reuters on May 26. The four countries, which have some of the busiest airports in Europe, have called for...
Indonesia's state utility company, Perusahaan Listrik Negara (PLN) [PLN:IJ], has announced its intention to secure a USD700m investment for the installation of a 200 mega-watts (MW) solar panel system, with the goal of replacing diesel generators and reducing carbon emissions, as reported by Reuters on...
Japan is planning to implement a new regulation that will require 10% sustainable aviation fuel (SAF) use from 2030 for international flights using Japanese airports, as reported by Nikkei Asia on May 25. The Ministry of Economy, Trade, and Industry (METI) will soon submit a...
In one of the furthest-reaching efforts yet, on May 2nd, the Florida Governor signed into law a bill preventing state officials from investing public money to promote environmental, social and governance goals, and prohibiting ESG bond sales (1). Making its position clear on ESG and...
Swedish truck and bus maker Volvo Group [VOLVB:SS] has entered into a 10-year power purchase agreement (PPA) with Vattenfall AB, a Swedish state-owned renewables producer, as reported by Bloomberg on May 23. As per the agreement, Volvo will purchase 50% of the electricity generated by...
G7 leaders have pledged to support the International Sustainability Standards Board’s (ISSB) and its efforts to develop standards for general reporting on sustainability (IFRS S1) and for climate-related disclosures (IFRS S2) at a summit held in Hiroshima, Japan, as reported by Fintech Global on May...
California has submitted a request to the Biden administration to approve its groundbreaking plan that would require all new vehicles sold in the state by 2035 to be electric or plug-in electric hybrids, with the aim of phasing out gasoline-powered vehicles, as reported by Reuters...
The British government has announced new funding for a groundbreaking scientific endeavor in the Amazon rainforest in Brazil, as reported by Reuters on May 25. The project aims to study the effects of increasing carbon dioxide levels on trees. Foreign Secretary James Cleverley visited the...
The New Zealand government and New Zealand Steel (NZ Steel), the country’s major steelmaker owned by BlueScope Steel [BSL:AU], have announced a plan to invest NZD300m (USD188m) in reducing emissions from the Glenbrook steel plant, as reported by the Guardian on May 22. As part...
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