2023-03-16

16 Mar Australian Top Pension Funds Criticized of Not Doing Enough on Climate

Posted at 11:39 by Jordy Leo

Activist investor group Market Forces alleged that Australia’s five largest pension funds were not doing enough to push fossil fuel companies toward decarbonization, as reported by Reuters on March 15. The five schemes, including Australian Super, Commonwealth Super Corp, Australian Retirement Trust, Aware Super, and...

16 Mar UK’s Top Enterprises Required to Achieve Broader Ethnic Diversity Targets

Posted at 11:30 by Jordy Leo

Parker Review Committee, an independent review organization set up by the UK government in 2015 to improve the ethnic and cultural diversity of UK boards, has proposed new ethnic diversity targets for Britain’s top listed and private companies, as reported by Reuters on March 13....

16 Mar Draft EU Rules Propose Protection for Vulnerable Consumers from Electricity Disconnections

Posted at 10:24 by Tracy Liu

A new set of EU rules is set to be released on Tuesday, which will require European Union countries to protect vulnerable consumers who are unable to pay their electricity bills from being disconnected by electricity suppliers, as reported by Reuters on March 13. This...

16 Mar US EPA Proposes National Drinking Water Standard for PFAS Chemicals

Posted at 10:12 by Tracy Liu

The US Environmental Protection Agency (EPA) has taken a significant step in its strategy to combat polyfluoroalkyl substances (PFAS), known as "forever chemicals," by proposing a national drinking water standard for six of these cancer-causing chemicals, as reported by Reuters on March 14. The proposed...

16 Mar Enel and newcleo Partner to Develop Clean Nuclear Technology Projects

Posted at 10:09 by Tracy Liu

Enel [ENEL:IM], the largest utility company in Italy, and newcleo, a next-generation nuclear power manufacturer, have announced that they will collaborate on new technology projects aimed at providing safe and stable power, as reported by Reuters on March 13. This partnership reflects a growing interest in nuclear energy...

16 Mar Germany Forms Alliance with Eastern European Countries to Oppose EU’s Planned Phase-Out of Combustion Engines

Posted at 10:01 by Tracy Liu

Germany, along with Italy and some Eastern European nations, has created an alliance to oppose the EU's plan to phase out internal combustion engines from 2035, and they aim to present their own proposal, as reported by Reuters on March 13. On Monday, transport ministers...

16 Mar Microsoft Signs Its First Ocean-Based Carbon Removal Agreement with Running Tide

Posted at 09:26 by Jordy Leo

Microsoft [MSFT:US] signed a two-year agreement with US-based ocean health company Running Tide to remove 12,000 tons of carbon dioxide equivalent (C02e), as reported by ESG Today on March 10. Running Tide is designing and implementing an ocean-based carbon dioxide removal (CDR) system that uses natural processes such as photosynthesis and...

15 Mar Nike to Stop Using Kangaroo Skin for Shoes

Posted at 16:02 by Tracy Liu

Nike [NIKE:US] has announced that it will stop using kangaroo skins for its shoes, following a similar move by rival brand Puma, which will put an end to a controversial practice that has been criticized by consumers and animal rights activists, as reported by Reuters...

15 Mar EU to Launch New Round of Climate-Related Stress Test in Financial Sector

Posted at 11:52 by Jordy Leo

The European Union’s (EU) financial regulators will carry out a comprehensive system-wide analysis of the financial sector’s resilience to climate-related risks, according to a letter by the European Commission, as reported by ESG Today on March 10. The commission suggested in the letter that the...

15 Mar Mitsubishi Motors Shells Out USD12bn for Developing Green Cars by 2030

Posted at 11:49 by Jordy Leo

Japanese automaker Mitsubishi Motors [7211:JP] released a plan to boost its investment in developing electrified cars including hybrid and battery electric vehicles by 2030, as reported by Nikkei Asia on March 10. Under the plan, the automaker will shell out as much as JPY2.5tr (USD18.8bn)...