ESG Today

1 day ago | esgtoday.com | Mark Segal

Environment Competition-based impact platform XPRIZE announced today the winners of its $100 million XPRIZE Carbon Removal competition, aimed at addressing climate change by catalyzing gigaton-scale carbon dioxide removal (CDR) solutions. Launched in 2021, the competition was funded by Elon Musk and the Musk Foundation.

1 day ago | esgtoday.com | Mark Segal

Companies/ Energy Transition/ Environment European low-cost airline Wizz Air announced today the launch of “Flying Towards Net Zero,” its new roadmap outlining its plan to achieve its goal to reach net zero by 2050. The new plan envisions emissions reductions of nearly 90% by the airline, with the bulk to be achieved through the use of sustainable aviation fuel (SAF).

1 day ago | esgtoday.com | Mark Segal

Environment/ Government/ Investors New York City Comptroller Brad Lander announced that he was increasing demands on asset managers for the city’s pension system – collectively the fourth largest public pension plan in the U.S. – to align their investments with the city’s climate goals, including requirements to submit strong net zero action plans, and to set expectations for all portfolio companies to set full value chain net zero goals.

2 days ago | esgtoday.com | Mark Segal

Companies/ Environment The LEGO Group announced the grand opening of its sixth factory worldwide, LEGO Manufacturing Vietnam, described by the company as its “most environmentally sustainable factory to date,” with key features including plans to use 100% renewable energy, and LEGO’s first LEED Platinum certified buildings. LEGO Group initially broke ground on the southern Vietnam-based factory in 2022, and has invested $1 billion in the 44-hectare site.

2 days ago | esgtoday.com | Mark Segal

Investors The New York State Common Retirement Fund, one of the largest public pension plans in the U.S., announced the allocation of $2.4 billion to its Sustainable Investments and Climate Solutions (SICS) Program through investments in three climate-focused investment funds. State Comptroller Thomas P.