London-based activist shareholder platform Tulipshare is urging Nike [NIKE:US] to be more transparent about the working conditions in its supply chain, as reported by Reuters on March 30. In a shareholder proposal, Tulipshare asked for a report from Nike on its equity goals and human rights commitments, and requested information on...
The shifting landscape in the investment space towards Environmental, Social and Governance (ESG) is moving rapidly. According to Price Waterhouse Coopers LLP (PWC), ESG-oriented assets are projected to double in the United States to USD10.5tr; rise 53% in Europe to USD19.6tr; and more than triple...
On Thursday, Australia passed a new law that mandates companies with over 100 employees to disclose their gender pay gap from the beginning of next year, as reported by Reuters on March 29. It is a part of the Labour government's efforts to enhance working conditions for women. The official data reveal that in...
The Reserve Bank of New Zealand [1068Z:NZ], the country’s central bank, proposed new guidance for the financial sector on managing climate-related risks, as reported by Reuters on March 29. The draft guidance has been adapted from international best practices to suit the context of New...
Germany’s antitrust watchdog has launched a probe into Microsoft [MSFT:US] to assess its power in the market, with the potential of implementing regulatory measures against the US tech giant, as reported by Financial Times on March 28. The German regulator, or Bundeskartellamt, will examine whether...
European Union (EU) delegates have agreed on a new law that requires a significant increase in electric vehicle (EV) recharging and hydrogen refueling stations across Europe’s main transport networks, as reported by ESG Today on March 28. The move intends to realize a transition to...
Germany’s high voltage grid firms (TSOs) have lay out a developing plan for public consultation, revealing their need for 14,197 km of new networks costing hundreds of billions of euros, as reported by Reuters on March 24. The plan aims to boost German power transmission...
Brazil and China are in talks to create a fund for financing the development of green industry and renewable energy in both countries, according to two senior Brazilian officials, as reported by Reuters on March 24. Brazilian President Luiz Inacio Lula da Silva might announce...
As buyers become increasingly aware of how their purchasing decisions affect the environment, the demand for sustainable products and services that align with the Sustainable Development Goals (SDGs) is on the rise. However, not all businesses are genuinely committed to sustainability. According to a study...
LyondellBasell Industries [LYBN:MM], one of the world’s largest plastics, chemicals, and refining companies, and EEW Energy, a thermal waste treatment firm, have signed a letter of intent to explore a partnership aimed at recycling plastics from incineration waste streams, as reported by Reuters on March...
China Energy Engineering Corp. (China Energy) [601868:SH], has suggested constructing a 1,000 megawatt(MW) floating solar power station on Zimbabwe's Kariba dam at an estimated cost of around USD1bn, as reported by Reuters on March 27. Zimbabwe presently generates less than 50% of its 1,700MW power demand due to...
A coalition of investors, including Pictet Group and Schroders Plc [SDR:LN], have urged influential companies such as Ferrari NV [RACE:US] and Tesco Plc[TSCO:LN] to detail how they will fulfill their climate targets instead of simply setting long-term net-zero commitments, as reported by Bloomberg on March 27. The two asset managers, along with Legal & General Investment Management and BNP Paribas Asset...
The European Union (EU) and Germany have resolved an agreement to allow the registration of new vehicles with combustion engines from 2035 provided they use climate-neutral fuel only, as reported by Reuters on March 25. The deal has settled a dispute between the two sides where the EU had wanted a complete ban...
Tokyo Electric Power Company Holdings (TEPCO)[TKECF:US] - a Japanese electric utility company - announced that it had secured the rights to develop up to 1.9 gigawatts (GW) of floating offshore wind capacity in Scotland, in collaboration with Norwegian company Vargronn, as reported by Reuters on March...
Global miner BHP Group Ltd [BHP:AU], an Anglo-Australian multinational mining and metals company, and Chinese steel company HBIS Group Co Ltd [HEBEEZ:CH], one of the largest steelmakers in China, have agreed to trial carbon capture, utilization, and storage (CCUS) technologies at the Chinese firm's steel...
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