EU Approves New ESG Ratings Regulation to Enhance Transparency and Investor Trust
Boosting transparency: The new regulation requires ESG rating providers in the EU to be authorized and supervised by the European Securities and Markets Authority (ESMA) and comply with strict transparency standards. Preventing conflicts of interest: A clear separation of business and activities is mandated to ensure the integrity and reliability of ESG ratings. Global alignment: […]
Indonesia, Germany Invest €1.2 Billion Green Funding for Clean Energy Development
€1.2 Billion Agreement Signed: Indonesia’s PT PLN (Persero) and Germany’s KfW signed an MoU to fund the development of a Pumped Storage Hydropower Plant (PLTA) and related transmission projects, marking a major step toward Indonesia’s renewable energy goals. Accelerating Energy Transition: The partnership supports Indonesia’s strategy to increase renewable energy capacity by 75% over 15 […]
Starbucks Appoints Marika McCauley Sine as Chief Sustainability Officer
Leadership Transition: Marika McCauley Sine, a sustainability leader from Mars Inc., has been named Starbucks’ Chief Sustainability Officer, succeeding Michael Kobori, who will retire at the end of 2024. Sustainability Goals: McCauley Sine will drive Starbucks’ ambitious sustainability agenda, including achieving carbon neutrality in its coffee supply chain by 2030 and certifying 10,000 Greener Stores […]
BlackRock, Block, and Partners Drive $200M Investment in Sustainable Aviation Fuel
BlackRock, Block, Ripple, and Samsara have joined the Sustainable Aviation Buyers Alliance (SABA) to fund $200 million in sustainable aviation fuel (SAF) deals, supplying 50 million gallons to Alaska Airlines. The initiative will offset 500,000 tons of CO2 over five years, supporting SAF’s 80% carbon reduction potential compared to conventional jet fuel. SAF certificates (SAFc) […]
Endesa Commits Record €9.6 Billion Investment to Power Spain’s Energy Transition
Historic Investment Increase: Endesa boosts its 2025-2027 strategic plan investment by 8%, marking a record €9.6 billion to support energy transition and electrification goals. Focus on Grids and Renewables: 42% of investment (€4 billion) targets grid modernization, while €3.7 billion redirects to hydroelectric and wind power over solar assets. Financial Strength and Growth: Endesa anticipates […]
