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In this week’s #ESG news, the social risks of renewable energy and carbon removal projects are under the spotlight. As a growing number of countries around the world are being transformed by green projects such as wind farms and reforestation, concerns around ‘green grabbing’ – large scale acquisition of land for environmentally friendly purposes – grow as these projects begin to have negative impacts on local communities. The Financial Times covers the story. Electric vehicle sales have plummeted over the last 12 months. This slowing of sales has potentially huge implications for the energy transition, but also the financial institutions that have pledged to decarbonise loans and investments they make. Bloomberg News covers the story. Finally, new research from Morgan Stanley shows that 80% of companies see sustainability as a key driver of profit. ESG Today covers the story. 🔗 The Financial Times: https://lnkd.in/dTpk5xTM 🔗 Bloomberg: https://lnkd.in/esRmdYPi 🔗 ESG Today: https://lnkd.in/dHPk7q9d

EPH publishes its 2023 Sustainability Report. Energetický a průmyslový holding, a.s. supports its transformation efforts with refined decarbonization commitments. In 2023, EPH continued to reduce its carbon footprint with the closure of hard coal and lignite plants in Northern Ireland, Slovakia and Germany. Further details on the EPH decarbonization commitments and ESG performance are available in the EPH Sustainability Report for the year 2023. 👉 https://lnkd.in/ea56mZPe

🌱 “In the ESG team at Celsia, we work closely with the financial team to set appropriate sustainability metrics and establish challenging but achievable goals," says Manuela Pérez Ferrer, Sustainability Manager at Celsia Energía.      Watch the video to learn how the Future Grids Alliance led by IFC - International Finance Corporation is guiding companies through the energy transition by providing a global platform for knowledge-sharing on common challenges.      Discover more ➡️ www.IFC.org/FutureGrids   #FutureGrids #IFCEnergy #IFCInfrastructure #RenewableEnergy Andres Garcia-Novel, CFA Raquel de la Orden

🔌 Utilities are the cornerstone of power systems and pivotal in the energy transition and access agenda. With advancements in grid digitalization, distributed generation, and battery storage, new opportunities for clean and reliable energy are emerging. However, utilities also face climate impacts and changing supply-demand patterns.      Manuela Pérez Ferrer, Sustainability Manager at Celsia Energía, discusses how the IFC - International Finance Corporation Future Grids Alliance helps utilities navigate these challenges. Watch the video to learn more about this initiative and how it supports a just energy transition.      #FutureGrids #IFCEnergy #IFCInfrastructure #RenewableEnergy

As an #ESG focused IT consulting company, Softech360 recognizes and values the importance of Environmental, Social, and Governance (ESG) criteria in shaping sustainable business practices. We commend GAMUDA’s significant strides in ESG performance, achieving a commendable score of 75/100. This milestone reflects a shared vision of technological and environmental stewardship. Gamuda’s commitment to renewable energy and emission reduction sets a benchmark for corporate responsibility. #ESGProgress #SustainabilityInTech https://lnkd.in/eRDRnfMA

I always have insightful conversations with Astrid von Schmeling, a distinguished expert and long-time colleague in sustainability. We recently covered various critical topics in corporate sustainability, including the latest advancements in sustainability legislation and compliance (CSRD, CSDD, etc.); its impact on the value and supply chain; and the increasing emphasis on environmental initiatives (Green Deal, renewable energy, net zero, etc.). While these are significant focuses, our discussion focused on the continued necessity of developing a comprehensive sustainability strategy to ensure effective integration across all business operations, noting that relying on a single pillar of ESG is insufficient for long-term success. It is always enriching and soo important to connect with colleagues to remain up-to-date with industry developments but also to have fun when catching-up! 😁 #engagement #sustainability #ESG #integration #strategy #beyondsilos #colleagues #fun #connect #supplychain #valuechain #CSRD #CSDD #netzero #corporateengagement #EU #goinggreen

Anybody who has worked with me knows that I'm passionate about sustainability, which is why I was thrilled to see in Make UK's latest report that around two-thirds of manufacturers are now setting ESG targets. However, the study also revealed that half don't have the resources to put this into practice. With a little outside-the-box thinking, there are still viable routes to implementing an ESG strategy. I believe that modern problems require modern solutions – read my full thoughts in Energy Digital Magazine 👇 #Manufacturing #ESG #Sustainability

Sustainability is at the heart of everything we do at Air Products. MSCI’s ‘A’ rating for environmental, social and governance (ESG) ratings is a clear recognition of #AirProducts’ critical role in addressing the significant #sustainability and environmental challenges facing our world, and that is why Air Products has committed to invest $15 billion in first-mover, world-scale #lowcarbon #cleanenergy projects to accelerate the #energytransition. We’re proud of this MSCI recognition in addition to numerous other accolades we have earned from #Barron, S&PGlobal, #Newsweek etc. #workingtogetherwinningtogether

Our new 2023 Sustainability Report includes details of how our medium-voltage inverter technology is proving pivotal at the Umm Al Quwain Seawater Reverse Osmosis desalination plant, the largest desalination project in the Northern Emirates. Read this and other major global success stories by downloading your copy here.

ESG Today: Week in Review - This week in ESG news: Biden admin invests $6 billion in industrial decarbonization projects; Microsoft signs one of largest-ever biochar carbon removal deals; Mississippi orders BlackRock to ‘cease and desist’ from ESG investing; Walmart invests in 1 GW of new clean energy projects; Vanguard found guilty of misleading green investing claims in Australia; Persefoni launches free emissions tracking and reporting tool; Starbucks certifies more than 6,000 “greener stores”; EU’s Nature Restoration Rule in jeopardy after failing to gain member states’ approval; LEGO signs carbon removal deal with Climeworks; BlackRock CEO says “I’ve never seen more demand for energy infrastructure”; capital raises for sustainable packaging, clean hydrogen, energy storage, green cement solutions, and more. See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Microsoft Signs 400 MW Renewable Energy Purchase Deals from New Texas Solar Projects JDE Peet’s Launches New Series of Climate and Deforestation Goals SLB Acquires Majority Stake in Aker Carbon Capture for $380 Million Walmart Invests in Nearly 1 GW of New Clean Energy Projects Across the U.S. Starbucks Certifies Over 6,000 Locations as Greener Stores LEGO Group Signs 9-Year Carbon Removal Deal with DAC Provider Climeworks Microsoft Signs 95,000 Ton Biochar Carbon Removal Deal with Climate Solutions Startup The Next 150 Government & Regulators Australia Court Finds Vanguard Guilty in Greenwashing Suit UK Fashion Retailers ASOS, Boohoo and Asda to Change Green Claims after Regulator Investigation EU Council Fails to Approve Landmark Nature Restoration Law Biden Administration Invests $6 Billion in Industrial Decarbonization Projects ESG Services and Tools Persefoni Launches Free Emissions Measurement and Reporting Solution Sustainability Advisory Firm Anthesis Acquires Purpose-focused Consultancy Given Private Equity & Venture Capital Heat Pump Tech Startup Evari Raises $7.5 Million Utility-Scale Energy Storage Provider Lightshift Raises $100 Million from Climate-Focused Investor Greenbacker Clean Fuel Startup WASE Raises Over $10 Million to Scale Waste-to-Energy Solution Watttron Raises $13 Million for Sustainable Packaging Solutions Cleantech Startup EVOLOH Raises $20 Million for Low Cost Clean Hydrogen Technology Sustainable Materials Sourcing Platform Circular Raises $10.5 Million Green Cement Startup Cemvision Raises €10 Million ESG Investing Mississippi Seeks Multimillion Dollar Penalty Against BlackRock Over ESG Investing BlackRock’s Fink Says Energy Transition Remains an Investment “Mega Force” Despite Political Pushback Exec Moves Growth Investor Verdane Expands Decarbonization Team with New Senior Hires Reports, Studies & Surveys MSCI Study Reveals Heavier Net Zero Transition Opportunities Exposure for Private vs Public Climate Funds This week in