Egypt Mandates Carbon Disclosure, 20% Offsets For Non-Bank Financial Institutions
Egypt now requires non-bank financial institutions above EGP 100 million ($2.2 million) in capital to disclose emissions and offset 20% through regulated carbon credits. Compliance is tied to operating licenses, embedding climate accountability into financial supervision. The rule is designed to scale demand for Egypt’s voluntary carbon market and strengthen sustainable finance frameworks. Egypt’s Financial […]
Zelestra Launches 9.5 MW Agrivoltaic Solar Project in Sicily Under Long Term PPA
9.5 MW agrivoltaic plant in Modica expected to avoid ~5,200 tonnes of CO₂ annually while preserving agricultural land use. Backed by a 10-year PPA with BKW, reinforcing long-term renewable power supply and price stability. Construction will create up to 80 jobs and fund rural safety upgrades, including solar-powered street lighting. Renewable energy developer Zelestra has […]
Goldman Sachs Plans to Remove Diversity Criteria From Board Candidate Selection
Goldman Sachs is preparing to eliminate race, gender identity, ethnicity, and sexual orientation from board selection criteria, according to a Wall Street Journal report. The move aligns with growing political pressure in the United States to scale back DEI policies across government and corporate sectors. Governance standards, shareholder activism, and board composition practices could shift […]
Global Water Sustainability Index Sets New Standard for Corporate ESG Reporting
New Water Sustainability Index (WSI) introduces a standardized, quantitative method to measure corporate water performance and reduce ESG greenwashing risk. Framework integrates watershed stress, discharge quality, consumption, and reuse, aligning corporate reporting with UN SDG 6 priorities. Researchers say scenario modeling enables cost effective capital allocation and improved resilience in water stressed regions affecting 25% […]
Bloomberg Appoints Lauren Smart as Global Head of Sustainable Finance
Bloomberg taps former S&P Global Sustainable1 chief Lauren Smart to steer its sustainable finance strategy amid accelerating climate risk and transition pressures. Appointment strengthens Bloomberg’s data-led approach to climate risk, capital markets transparency, and ESG integration. Move reflects intensifying demand from global investors and regulators for decision-grade sustainability analytics and transition finance solutions. Bloomberg strengthens […]
