ESG Beyond Compliance: Insights from KPMG Canada
KPMG: 55% of Canadian CEOs believe addressing all ESG priorities concurrently is possible, reflecting a growing commitment to sustainability integration. Regulatory and reporting obligations drive 78% of CEOs to prioritize ESG, underscoring the impact of emerging legislation like Bill C-59. 75% of CEOs anticipate substantial ESG returns within three years, but 63% admit to ongoing […]
Return and Verified Launch First-Ever 100% Wind-Powered Carbon Capture Facility
Pioneering Project: Project Concho, located in Texas, will be the world’s first wind-powered Direct Air Capture (DAC) hub, targeting CO₂ removal of 50,000 tons annually by 2030, with plans to scale to 500,000 tons per year. Renewable Energy Collaboration: The hub will utilize a new wind farm by Greenalia and modular DAC technology from Skytree […]
EU Commission Raises €7 Billion in EU Bonds, Including €3 Billion in Green Bonds
Record demand: The €7 billion dual-tranche bond issuance saw oversubscription rates of 17x for the 7-year bond and 27x for the 18-year green bond, reflecting strong investor confidence. Green bond focus: €3 billion of the proceeds will support EU Member States’ green projects under the NextGenerationEU Green Bond Framework. Strategic funding: The transaction brings the […]
PUMA Targets 90% Scope 1 & 2 Emissions Cut and 33% Scope 3 Reduction by 2030
Ambitious Climate Targets: PUMA commits to a 90% reduction in Scope 1 and 2 greenhouse gas emissions and a 33% reduction in Scope 3 emissions by 2030, with targets validated by the Science Based Targets initiative. Circularity Focus: The brand aims to achieve 100% recycled polyester fabric use and expand circular business models, including resale […]
Bolivia Targets $5 Billion in Carbon Credit Sales to Combat Deforestation
Ambitious Climate Goal: Bolivia plans to raise $5 billion through carbon credits to end deforestation by 2030, aligning with global climate targets under the Paris Agreement. Economic and Environmental Relief: The initiative seeks to address Bolivia’s economic struggles, depleted reserves, and soaring deforestation rates, with proceeds earmarked for forest conservation and reforestation. Global Collaboration: Talks […]
