ESG Today

1 week ago | esgtoday.com | Mark Segal

ESG Tools, Services/ Executive Moves Energy and electrification advisory, services, and software solutions provider Schneider Electric announced the launch of a new multi-year initiative aimed at building an AI-powered ecosystem for sustainability and energy management. The company said that it has hired sustainability solutions veteran Julien Picaud as Head of Product Management to lead the new initiative According to Schneider Electric, the new initiative is focused on Agentic AI, an...

1 week ago | esgtoday.com | Mark Segal

Environment/ Government The European Commission issued a new report today, assessing the energy and climate plans of EU member states, revealing that the EU is very nearly on track to hit its climate and energy targets, including its goal to cut greenhouse gas (GHG) emissions by 55% by 2030, compared to 1990 levels. According to the report, the Commission’s assessment of the National Energy and Climate Plans (NECPs), the EU is currently on course to reduce net GHG emissions by around 54% by...

1 week ago | esgtoday.com | Mark Segal

Environment/ Government The European Council announced today that it has adopted amendments to a regulation on CO2 emissions standards for new passenger cars and vans, giving car manufacturers more time to comply with CO2 targets, avoiding significant penalties that are slated to start this year. The EU adopted a series of clean mobility regulations in 2023, including a requirement for a 100% reduction in CO2 emissions from new cars and vans registered in the EU from 2035, as well as interim...

1 week ago | esgtoday.com | Mark Segal

Companies/ Environment/ Investors Italian energy company Eni announced today that it has signed an exclusivity agreement with BlackRock’s infrastructure-focused unit Global Infrastructure Partners (GIP) for the potential sale of a co-control stake of 49.99% of Eni’s Carbon Capture, Utilization and Storage (CCUS) business, Eni CCUS Holding. Eni CCUS Holding encompasses several large-scale European CCUS projects, including the UK-based Hynet, aimed at capturing CO2 emitted by industrial plants...

1 week ago | esgtoday.com | Mark Segal

Companies/ Sustainable Finance Italian energy infrastructure and services provider Snam announced that it has raised $2 billion in a multi-tranche sustainability linked bond (SLB) offering, with the cost of debt tied to the company’s interim- and long-term targets to reduce greenhouse gas (GHG) emissions across its value chain. According to the company, the offering is the first-ever SLB linked to a net zero target across Scopes 1, 2, and 3 GHG emissions. Notably, while the volume of...