ESMA Issues Q&A on ESG Fund Names and Green Bonds
Green Bonds: European Green Bonds are exempt from company exclusion rules; other green bonds require activity-based assessments. Sustainable Investments: Funds must allocate at least 50% to sustainable investments to claim “meaningful” ESG alignment. Controversial Weapons: Exclusions align with SFDR’s adverse impact indicator 14 for consistency. The European Securities and Markets Authority (ESMA) has published a […]
BCG Purchases Over 50,000 Tonnes of Carbon Removal Credits Through ClimeFi
Major Commitment to Carbon Neutrality: BCG has purchased over 50,000 tonnes of carbon removals, bringing its total to nearly 200,000 tonnes. Diversified Portfolio: Investments include advanced technologies like enhanced rock weathering, microbial carbon mineralization, and biochar. Top 10 Global Leader: BCG ranks among the top ten buyers of certified carbon dioxide removals worldwide. Boston Consulting […]
SAP Launches SAP Green Ledger, a Carbon Accounting and Reporting System
Integrated Carbon Accounting: Links emissions data directly to financial transactions for precise tracking and reporting. Regulatory Compliance: Helps businesses meet evolving standards like EU CSRD and prepare for future regulations. Sustainability Innovation: Drives decision-making to reduce emissions, optimize costs, and achieve net-zero goals. SAP has announced the global availability of SAP Green Ledger, a cutting-edge […]
DOE Grants $9.63B Loan to BlueOval SK for U.S. EV Battery Plants
Boosting EV Manufacturing: $9.63B loan funds three U.S. battery plants, producing 120 GWh annually. Job Creation: Over 12,500 jobs, including 7,500 operations roles, created by BlueOval SK facilities. EV Market Leadership: Advances U.S. goals for domestic EV production and global competitiveness. The Department of Energy (DOE) has approved its largest-ever loan of $9.63 billion to […]
Google’s DeepMind GenCast Predicts Weather More Accurately Than Current Leading System
20% More Accurate Predictions: GenCast outperforms the world-leading ENS system in forecasting day-to-day and extreme weather events. Faster and Cost-Effective Forecasts: AI technology generates a 15-day forecast in 8 minutes, compared to hours on supercomputers. Improved Extreme Weather Tracking: Enhanced accuracy for cyclones, hurricanes, and renewable energy planning. Google DeepMind’s latest AI weather forecasting model, […]
