Surge in AI Adoption Among Energy & Utility Companies, IBM Study Finds
ESG News
by ESG News
1d ago
– 63% of Energy CEOs surveyed expect to realize value from generative AI and automation At Distributech 2024, IBM unveiled additional findings from its global study findings that show that 74% of Energy & Utility companies surveyed have implemented or are exploring using AI in their operations.  Within the sector, among surveyed IT Professionals, 33% are focusing AI projects on HR/Talent Acquisition and 27% are focused on AI Monitoring & Governance. The findings are from IBM’s Global AI Adoption Index 2023 global study* administered by Morning Consult and ..read more
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Formula 1® Aims for Net Zero by 2030 with DHL’s Enhanced Biofuel Fleet
ESG News
by ESG News
1d ago
The partnership has seen the transition into a more sustainable era of transport and logistics as Formula 1 looks to reach its Net Zero goal by 2030.  DHL commemorates 20 years as the Official Logistics Partner of Formula 1® Both companies share a strong commitment to sustainability with an additional 19 biofuel-powered trucks 2024 holds record-breaking calendar with 24 races, including the return to China for the first time since the coronavirus pandemic The DHL Motorsport Team will launch a new motorhome to maximize carbon emissions reduction DHL and Formula 1® announce a multi-year ..read more
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EU Sets Ambitious Targets to Restore Ecosystems by 2050
ESG News
by ESG News
1d ago
EU countries must restore at least 30% of habitats in poor condition by 2030, 60% by 2040, and 90% by 2050 Provisions for agricultural ecosystems can be temporarily suspended under exceptional circumstances Over 80% of European habitats are in poor shape The new law sets a target for the EU to restore at least 20% of the EU’s land and sea areas by 2030 and all ecosystems in need of restoration by 2050. The EU nature restoration law, agreed with member states, will restore degraded ecosystems in all member states, help achieve the EU’s climate and biodiversity objectives and enhance food sec ..read more
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AT&T and L&T Technology Services Forge Strategic Alliance for Climate Solutions
ESG News
by ESG News
1d ago
Pioneering solutions that pair connectivity with engineering expertise to reduce emissions L&T Technology Services Limited, a prominent global digital engineering and R&D services company, and AT&T, one of the largest telecommunications companies worldwide, announced a strategic alliance aimed at curbing global emissions. This groundbreaking collaboration will utilize the combined resources and expertise of both companies to develop advanced solutions that can significantly reduce environmental impact. As part of this collaboration, LTTS will participate in AT&T’s Connect ..read more
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Kering Partners with Tsinghua University and IFM for Sustainable Fashion Course
ESG News
by ESG News
1d ago
Kering, together with Tsinghua University and Institut Français de la Mode, officially launched the “Fashion Sustainability – Global Perspectives and China Practices” Massive Open Online Course (MOOC). On the occasion of the 60th anniversary of the establishment of diplomatic relations between China and France in 2024, Kering has partnered again with Tsinghua University and Institut Français de la Mode to launch a brand new online course – “Fashion Sustainability – Global Perspectives and China Practices”. This Massive Open Online Course (MOOC) is open to university students and people who ar ..read more
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S&P Dow Jones Indices Announces Launch of Innovative Biodiversity-Focused Benchmarks
ESG News
by ESG News
1d ago
S&P Dow Jones Indices, the world’s leading index provider, announced the launch of the S&P Biodiversity Indices, adding to the range of sustainability-oriented performance benchmarking tools it offers to asset managers and other financial institutions. The two nascent indices, the S&P 500 Biodiversity Index and S&P Global LargeMidCap Biodiversity Index, measure the performance of a subset of equity securities from the S&P 500 and S&P Global LargeMidCap indices. To develop the biodiversity-focused versions of these underlying equity market benchmarks, S&P 500 a ..read more
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Canada to Issue Innovative Green Bond Including Nuclear Energy
ESG News
by ESG News
1d ago
The Government of Canada is announcing its plan to issue its second Canadian-dollar-denominated green bond this week, subject to market conditions. This follows the successful issuance of Canada’s first 7.5-year, $5 billion green bond in March 2022. This issuance will be the first under Canada’s updated Green Bond Framework, released on November 21, 2023. As announced in the 2023 Fall Economic Statement, certain nuclear energy expenditures are now included in the framework, in line with current green bond practices from energy utilities in Ontario and the European Union. C ..read more
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Deutsche Bank Unveils Updated Sustainable Finance Framework, Underscoring Commitment to Sustainability Goals
ESG News
by ESG News
1d ago
Deutsche Bank has taken a significant step towards achieving its ambitious sustainability goals with the launch of its updated Sustainable Finance Framework. This comprehensive guideline outlines the bank’s approach to classifying financial products and transactions as “sustainable,” incorporating rigorous environmental and social criteria. Building upon its initial framework launched in July 2020, this update reflects Deutsche Bank’s escalating commitment to sustainability. The bank has progressively raised its target for sustainable financing and investment volumes from €200 billion to €500 ..read more
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Biden-Harris Administration Announces $366 Million to Accelerate Clean Energy Deployment in Rural Communities
ESG News
by ESG News
2d ago
President Biden’s Investing in America Agenda Supports 17 Projects Across 20 States and 30 Tribal Nations and Communities, Bringing Clean Energy, High-Quality Jobs, and Energy Justice to Every Pocket of America As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) today announced more than $366 million for 17 projects across 20 states and 30 Tribal Nations and communities to accelerate clean energy deployment in rural and remote areas across the country. This funding—made possible by the President’s Bipartisan Infrastructure Law—will support a vari ..read more
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Brazil Partners with Largest Climate Finance Alliance to Scale Climate Finance for Green Growth Plans
ESG News
by ESG News
2d ago
Collaborative projects with the Brazilian Development Bank and Brazilian financial institutions aim to support Brazil to deliver its G20 Presidency climate finance priorities and ambitious climate goals UN Secretary-General’s Special Envoy on Climate Ambition and Solutions and Glasgow Financial Alliance for Net Zero (GFANZ) Co-Chair Michael R. Bloomberg and UN Secretary-General’s Special Envoy on Climate Action and Finance and GFANZ Co-Chair Mark Carney announced two new initiatives from GFANZ to help support Brazil’s ambitious climate transition plans and advance the climate finance prioriti ..read more
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