Snam Signs €4 billion Sustainability-linked Revolving Credit Line, Targets Reduction of Scope 3 Emissions
Record Sustainability Financing: Largest revolving credit facility in the utilities sector for 2024, linked to ambitious climate KPIs, including Scope 3 emissions. Commitment to Net Zero: Supports Snam’s roadmap to achieve carbon neutrality by 2040 and net zero by 2050. Strong Financial Backing: Backed by 24 financial institutions, enhancing flexibility and streamlining Snam’s financial structure. […]
Europe’s Top 25 Banks Urged to Lead on Climate and Biodiversity
Insufficient Policies: European banks are failing to fully align with 1.5°C climate goals and lack comprehensive biodiversity strategies. Greenwashing Risks: Weak scrutiny and transparency in green finance targets open the door to misleading claims. Missed Opportunities: Limited use of biodiversity tools and inadequate sector targets highlight gaps in banks’ sustainability approaches. Europe’s Banks Are “In […]
UK Accounting Watchdog Recommends ISSB Standards for Sustainability Reporting
Global Alignment: Adoption of IFRS S1 and S2 would align UK businesses with global sustainability reporting standards, enhancing transparency and accountability. Comprehensive Reporting: The standards address Scope 3 emissions and integrate environmental impacts with financial disclosures. Support for Transition: Recommendations include phased implementation to ease businesses into compliance without overburdening them. UK FRC Pushes for […]
6 Ways Google Advanced Energy Solutions in 2024
Clean Transition Rate Model: Developed mechanisms such as the clean transition rate and advanced procurement processes to accelerate clean energy adoption. Global Reach: Expanded clean energy capacity in Asia Pacific and partnered on nuclear and geothermal projects globally. Scalable Solutions: Collaborated with Microsoft and others to scale advanced clean energy technologies, driving decarbonization worldwide. Tackling […]
U.S. DOE Grants $1.45 Billion for Qcells Solar Plant in Georgia
Domestic Solar Production Boost: The facility will produce 3.3 GW of solar panels annually, powering 500,000 homes and reducing CO2 emissions by 5 million tons per year. Economic Growth: Creates 1,650 full-time jobs, 1,200 construction jobs, and indirectly supports nearly 6,800 additional jobs in Georgia. Supply Chain Resilience: Strengthens U.S. solar manufacturing, reducing reliance on […]
