Australia Court Fines Active Super A$10.5 Million for Greenwashing ESG Investing Claims
A federal court in Australia imposed a A$10.5 million (USD$6.7 million) penalty on superannuation fund Active Super trustee LGSS, after finding that the firm...
UBS Pushes Back Net Zero Target by 10 Years Following Credit Suisse Acquisition
UBS revealed in its 2024 Sustainability Report that it has pushed back its target to achieve net zero greenhouse gas (GHG) emissions in its...
Neste Issues €700 Million Green Bond to Scale Renewable Fuels Production
Sustainable fuel producer Neste announced that it has raised €700 million (USD$765 million) in a green bond offering, with proceeds aimed at supporting the...
Upright Launches 50,000 Company Double Materiality Assessment Database
Impact data company Upright announced the launch of a new database covering 50,000 companies aimed at providing companies and investors with CSRD double materiality...
IFAC Adds Sustainability Reporting Training to Accounting Education Standards
The International Federation of Accountants announced that it has updated its International Education Standards (IES), which forms the baseline for accounting organizations’ education and...
CIP Raises Over $13 Billion for Energy Transition Infrastructure Fund
Energy infrastructure investment manager Copenhagen Infrastructure Partners (CIP) announced that it has raised more than €12 billion (USD$13.1 billion) at the final close of CI...
Carney Eliminates Canada’s Consumer Carbon Tax
In his first act as Canada’s new Prime Minister, Mark Carney signed an order on Friday eliminating a controversial consumer carbon tax, the “fuel...
ESG Today: Week in Review
This week in ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to...
Rio Tinto Signs Solar and Storage Deal to Power Aluminum Operations
Mining giant Rio Tinto announced a new deal with renewable energy firm Edify Energy to supply reliable low-carbon electricity to power aluminum production operations...
Clarity AI Launches New Sustainability Research Solution for Investors
Sustainability technology company Clarity AI announced that it has launched a new AI-powered tool aimed at helping asset managers and investors conduct sustainability research...