ESGNEWS Team, Author at ESG News.earth

KBR Bags Global EPCM Contract from BP

ESGNEWS Team - January 17, 2025

As part of the agreement, KBR will provide EPCM for onshore, offshore, greenfield and brownfield conventional energy projects and new energy sector projects worldwide for three years

McDonald’s Scaling Down DEI

ESGNEWS Team - January 17, 2025

Some of the changes McDonald’s introduced include the removal of aspirational representation quotas and the termination of the Supply Chain's Mutual Commitment to DEI pledge

EV Demand to Peak in 2025, But Concerns Remain

ESGNEWS Team - January 16, 2025

According to a study, 56% consumers are willing to spend up to $40,000 on an EV, even though 60% of them stated that charging infrastructure was a significant obstacle

ESG is not about Ticking Boxes

ESGNEWS Team - January 14, 2025

Environment, Social & Governance or ESG is not merely about ticking boxes; it’s about building a fundamental base for the transformation towards sustainable business practices

GEAPP, ISA Partner to Drive Clean Energy Transition in India

ESGNEWS Team - January 13, 2025

The GEAPP initiatives bridge financing gaps, enhance institutional capacity, and foster cost-efficient scalable solutions to support India's clean energy transition

IBA Wants Blanket Corporate Tax Holidays for CBG Production

ESGNEWS Team - January 13, 2025

The IBA initiative aims to encourage investment in the compressed biogas (CBG) industry and advance this renewable energy source

New MOP Guidelines for Battery Swapping

ESGNEWS Team - January 12, 2025

The main objectives of these guidelines are to promote swapping of batteries as an alternate method of powering EVs, promote battery as a service, and develop a battery swapping ecosystem

Sustainable India@2030

ESGNEWS Team - January 8, 2025

WriteCanvas, a leading transformation partner specializing in ESG and sustainability solutions and ESGnews.earth are gearing up for "Sustainable India@2030" to be held in Mumbai.

Global Recognition: Tech Mahindra Shines in DJSI 2024

ESGNEWS Team - January 8, 2025

In the prestigious 'TSV IT Services' segment, Tech Mahindra secured the top (1) spot in India and a #2 position globally, scoring 88 and a ranking in the 100th percentile.

SuperHumanRace, CREDAI Maharashtra Launch Regional Emissions Inventories for Real Estate

ESGNEWS Team - January 8, 2025

The initiative to create regional emissions inventories for India's real estate value chain is a crucial step in quantifying and addressing carbon risks linked to urban growth

4 Ways CPOs are Leading Corporate Sustainability

ESGNEWS Team - January 8, 2025

Often referred to as unsung heroes, CPOs must drive systemic transformation to build green and resilient supply chains and secure a more sustainable future.

World Bank Launches Global Sustainable Development Bond

ESGNEWS Team - January 7, 2025

According to the World Bank, these bonds support the financing of green and social projects in IBRD member countries.

Biomass Energy – A Green Power Source for Micro Data Centers

ESGNEWS Team - January 7, 2025

In the second part, Dr Choudhuri stresses the importance of biomass energy as a green energy source to power the micro data centers

The Growing Power and Water Demands of AI-Driven Data Centers

ESGNEWS Team - January 1, 2025

In a two-part series, Dr Choudhuri writes about how Al-driven data centers are guzzling water and power and highlights the emergence of micro data centers as a green alternate

Infosys, RheinEnergie Partner to Advance Enterprises’ Energy Transition Goals

ESGNEWS Team - December 30, 2024

RheinEnergie will enable its enterprise customers in Europe to advance their energy transition and sustainability goals through a new collaboration with Infosys.

Miral Announces Sustainability Strategy

ESGNEWS Team - December 27, 2024

Miral has unveiled its Sustainability Strategy, aiming to become a regional benchmark for sustainable LET experiences by 2030

China Introduces Basic Standards for Corporate Sustainability Disclosure

China Introduces Standards for Corporate Sustainability Disclosure

ESGNEWS Team - December 26, 2024

Launched this month, the Basic Standards for Corporate Sustainability Disclosure aim to guide businesses align their sustainability practices with global ESG mandates.

Green Horizons: WriteCanvas’s 2024 and Beyond

ESGNEWS Team - December 24, 2024

For WriteCanvas, we retained an upward trajectory throughout the year.

Shriram Finance Consolidating Green Finance with New Subsidiary

ESGNEWS Team - December 24, 2024

Sriram Finance aims to achieve an Asset Under Management (AUM) of Rs 5,000 crores for its green finance vertical within the next three to four years.

EVA Air joins DJSI and leads S&P Global Rankings

ESGNEWS Team - December 19, 2024

Based on EVA Air's leadership and commitment to sustainable (ESG) practices, the airline secured the top rank in the global airline industry in this year's S&P Global Corporate Sustainability Assessment.

TruAlt Bioenergy, SCAO sign MOU for biofuel production in India

TruAlt Bioenergy, SCAO sign MOU to boost biofuel production in India

ESGNEWS Team - December 17, 2024

TruAlt Bioenergy has aligned its efforts with India’s targets of reaching 500 GW and 50% of the energy basket from RE by 2030.

India Releases Taxonomy of Green Steel

ESGNEWS Team - December 13, 2024

The taxonomy of green steel grades steel's greenness based on emission intensity, with five-star steel having emission intensity below 1.6 t-CO2e/tfs.

COP 29 Global Energy Storage and Grids Pledge

Key highlights of the Global Energy Storage and Grids Pledge

ESGNEWS Team - December 12, 2024

58 countries have signed the COP29 Global Energy Storage and Grids Pledge, which is a global commitment to develop resilient, decarbonized global energy systems

Reliance Power Announces New RE Subsidiary

ESGNEWS Team - December 11, 2024

Reliance Power has appointed Mayank Bansal as Chief Executive Officer and Rakesh Swaroop as Chief Operating Officer of the new subsidiary

Madhav Gadgil Wins UNEP Champions of the Earth Award

ESGNEWS Team - December 11, 2024

Madhav Gadgil, a well-known ecologist and environmental scientist chaired The Madhav Gadgil Committee constituted to protect , preserve, and rejuvenate the Western Ghats

MGNREGS Major Contributor to NbS Employements: UNCCD

MGNREGS Major Contributor to NbS Employement: UNCCD

ESGNEWS Team - December 11, 2024

UNEP estimates that only 1.8% of global employment is contributed by NbS, with 95% of it coming from MGNREGS in India

Climate Adaptation: Time to pull up our collective national socks!

ESGNEWS Team - December 10, 2024

India needs international capital of $10-20 billion annually which needs to go into climate adaptation efforts to sustain socio-economic transformation.

What does the Draft NESRS have in Store for Non-EU Parent Companies in Sustainability Reporting Standards?

ESGNEWS Team - December 10, 2024

The draft NESRS addresses sustainability topics such as climate change, pollution, water resources, biodiversity, circular economy, workforce, and business conduct.

GRIHA Launches Infrastructure Rating for Highways & Ports

ESGNEWS Team - December 9, 2024

As per GRIHA, offering standardized frameworks for evaluating and improving infrastructure performance, both ratings seek to promote sustainability

Impacted by Climate Change, Financial System Requires Regulatory Oversight: RBI

ESGNEWS Team - December 9, 2024

M Rajeshwar Rao, Deputy Governor, RBI has asserted that the central bank has taken proactive steps to mitigate the risks associated with climate change that could affect the financial system

Coca-Cola refocuses on water, packaging and emissions reduction

ESGNEWS Team - December 6, 2024

As part of its ongoing sustainability effort, the global giant Coca-Cola announced updated voluntary environmental goals for 2035.

Exide Becomes India’s First Battery Manufacturer to Embrace Green Logistics

ESGNEWS Team - December 6, 2024

The green logistics initiative is a part of Exide’s commitment to reduce its carbon footprint and enhance the sustainability of its entire supply chain

Sustainability and Security Measures Adding to Regulatory and Economic Uncertainties: Official

ESGNEWS Team - December 5, 2024

Sustainability and security measures are adding to regulatory and economic uncertainties according to a GOI official

LG Energy Solution, GM to Develop Prismatic Battery Cells for EVs

ESGNEWS Team - December 3, 2024

Under this new definitive agreement, the companies will jointly develop prismatic battery cell technology and affiliated chemistries.

Masood Mallick and Bhupender Yadav unveiled the 2nd National Circular Economy Framework.

CII unveils 2nd National Circular Economy Framework

ESGNEWS Team - December 3, 2024

The Confederation of India Industries unveiled its second National Circular Economy Framework during the 9th International Conference on Waste to Worth

The world’s eyes turn to Riyadh as COP16 kicks off

ESGNEWS Team - December 2, 2024

Global dignitaries, policymakers, scientists, and NGOs will engage in intense discussions as part of the 'critical' UN meeting to restore land at the 16th Conference of the Parties (COP16)

BioE3 is a rising star in India’s economic constellation

ESGNEWS Team - November 29, 2024

The recently launched BioE3 has fuelled the sectors growth.

GH2 Needs a 35%-40% Price Drop for Cost Viability: CareEdge Ratings

GH2 Needs 35%-40% Price Drop for Cost Viability: CareEdge Ratings

ESGNEWS Team - November 29, 2024

To achieve cost viability of GH2 to $2.1 per kg, lowering electrolyzer costs by 35-40%, improving efficiency by 12-14%, and maintaining policy support are crucial

Singapore’s Top 100 Outperform Global Benchmarks in Sustainability Reporting

ESGNEWS Team - November 28, 2024

According to a new KPMG report, Singapore’s top 100 companies excelled in sustainability reporting, leading globally in ESG integration and climate risk recognition

Why did Walmart Derail its DEI Policy?

ESGNEWS Team - November 28, 2024

Walmart has retracted its support for an equity racial center established in 2020 and has withdrawn from a prominent gay rights index

Key Takeaways from COP29: WEF

ESGNEWS Team - November 27, 2024

COP29 summit in Baku underscored the global climate agenda, and also highlighted complex geopolitical backdrop, emphasizing urgent action against climate change

1000 Enterprises Incorporated ISSB Standards: Report

ESGNEWS Team - November 27, 2024

Last fiscal, more than 1,000 businesses incorporated and 30 jurisdictions are nearing incorporating the ISSB standards into their legal or regulatory frameworks

ESG Trends and Opportunities for APAC Enterprises

ESGNEWS Team - November 26, 2024

The potential for APAC enterprises to meet their ESG commitments is through technological advancements, policy pushes, renewable energy adoption, and mid-to-long term insights

Green signal for two hydro-electric project of 426 MW in Arunachal Pradesh

Green signal for two hydro-electric projects of 426 MW in Arunachal Pradesh

ESGNEWS Team - November 26, 2024

The Cabinet has approved two hydro-electric power projects worth Rs. 3689 crore investments in Arunachal Pradesh.

India to Resist Shift in Focus from Climate Finance to Mitigation

ESGNEWS Team - November 25, 2024

India expressed dissatisfaction with the CoP29 summit and pledged to resist any shift in focus from climate finance to mitigation

COP29: Mission Accomplished?

ESGNEWS Team - November 24, 2024

The Baku Finance Goal (BFG) has set a new commitment of $1.3tn of climate finance to the developing world each year.

Is a Breakthrough Possible at COP29?

ESGNEWS Team - November 22, 2024

As COP29 draws to a close, delegates await updates on negotiations regarding a new climate finance target during COP29 climate talks

TotalEnergies to Measure Methane Emissions at OIL

ESGNEWS Team - November 22, 2024

TotalEnergies and Oil India Limited (OIL) have partnered to use TotalEnergies' AUSEA1 technology to measure methane emissions at OIL sites in India

Many hits, some misses at COP29

ESGNEWS Team - November 21, 2024

At COP29, the Baku leadership chose to bypass the inter-governmental process of discussions and debates to push through agreement on rules that are more or less the same.

CSR vs. ESG: Not Identical Twins

ESGNEWS Team - November 19, 2024

There is a common misperception that achieving CSR or Corporate Social Responsibility means achieving ESG objectives.

ISO Announces ISO ESG Implementation Principles

ESGNEWS Team - November 18, 2024

ISO has released the principles amid increasing ESG scrutiny and regulations like CSRD, the Modern Slavery Act, and IFRS S1 and S2

CERC proposes New Carbon Credit Trading Regulations

ESGNEWS Team - November 18, 2024

CERC aims to establish a transparent and well-defined framework for Carbon Credit Certificate trading on power exchanges

Renewable Energy Adoption Fast Paced, but Challenges Persist

ESGNEWS Team - November 15, 2024

COP29 underscores the significance of renewable energy, with nations pledging billions to transition to a greener future, highlighting the need for collective initiatives and positive policy frameworks

88% Executives Plan to Increase IT spending for Sustainability: IBM

ESGNEWS Team - November 15, 2024

However, the IBM survey found a notable gap between top executives and their employees regarding sustainability expectations and perceptions

How Private Equity can Optimize ESG for Value Creation?

ESGNEWS Team - November 14, 2024

Private equity firms can position portfolio companies as sustainability leaders, attracting a wider range of bidders and making auction procedures more competitive

India Launches Platform to Accelerate Green Energy Transition

ESGNEWS Team - November 14, 2024

The platform will assist states in creating energy transition blueprints, project implementation, and fostering innovation in emerging technologies

MDBs Pledge $120B Climate Finance

ESGNEWS Team - November 14, 2024

Multilateral development banks (MDBs) have pledged $120 billion in climate finance for countries to achieve climate outcomes

COP29 Discuss Benefits of International Carbon Market Standards

COP29 Leaders Discuss Benefits of International Carbon Market Standards

ESGNEWS Team - November 13, 2024

Three COP 29 leaders emulate how International Carbon Market Standards and the actual implementation will enable the world to mitigate climate action

Why are the national renewables targets falling short of market forecasts?

Why are National Renewables Targets Falling Short of Market Forecasts?

ESGNEWS Team - November 13, 2024

IRENA suggests a global tripling of renewables to at least 11,000 GW by 2030 to keep 1.5C within reach

India’s First CO2-to-Green Methanol Plant Announced

ESGNEWS Team - November 13, 2024

Ohmium International, Breathe Applied Sciences, Spirare Energy, and JNCASR have collaborated for India's first CO2-to-Green Methanol plant

Banks, Insurance Sector Crucial to Sustainability

ESGNEWS Team - November 12, 2024

Banks and insurance sectors received scores below 50% in the GEM evaluation, indicating a need for increased communication and cooperation in ESRS compliance

Corporates Power Drive Climate Change Solutions

ESGNEWS Team - November 11, 2024

100 CEOs and executives from the Alliance of CEO Climate Leaders urged world leaders to meet Paris Agreement objectives.

ISA Aims to Unlock $1 Trillion in Solar Investments by 2030

ESGNEWS Team - November 8, 2024

ISA is focusing on green hydrogen partnerships, conducting readiness assessments in Egypt, Morocco, Namibia, and Egypt, and supporting the ISA with three years of content

India’s Climate Policies Can Reduce 4 Billion Tons of CO2 emissions

ESGNEWS Team - November 8, 2024

India's current climate policies on the power, transportation, and residential sectors can reduce about 4 billion tonnes of CO2 emissions between 2020 and 2030

IFC’s $400 Million Support to Bajaj Finance Fund Raising Initiative

ESGNEWS Team - November 7, 2024

The funding for Bajaj Finance aims to support women-owned microenterprises, improve access to climate finance for EVs and EECG, promote financial inclusion

Four Highlights of the World Solar Market Report

ESGNEWS Team - November 6, 2024

The World Solar Market Report shows global solar capacity increasing from 1.22 GW in 2000 to 1,418.97 GW in 2023. We present you four key highlights

MNRE Minister Stresses on Increasing Solar Projects efficiency, Cost Reduction

ESGNEWS Team - November 6, 2024

Union MNRE Minister Pralhad Joshi has stressed on increasing the efficiency of solar projects, reducing cost and developing energy storage solutions

As nations look to secure supply chains and economic opportunities, a new IEA analysis demonstrates the intricate interactions between energy, industrial, and trade policies. Energy Technology Perspectives 2024, the latest IEA publication, focuses on the future of the top six mass-produced clean energy technologies. These include solar photovoltaics, wind turbines, electric vehicles, batteries, electrolysers, and heat pumps. The global technology market is projected to grow from $700 billion in 2023 to over $2 trillion by 2035, equivalent to the value of the crude oil market in recent years, largely due to current policy settings. The clean technology trade is projected to significantly increase, reaching $575 billion within ten years, surpassing half of the current global natural gas trade. The IEA report highlights the significant opportunities for nations to manufacture and trade clean energy technologies due to their rapid adoption. It also presents difficult choices for governments, who must balance trade-offs and tensions depending on the industrial and trade policies they choose to implement. Clean technologies market is expected to surpass fossil fuels in value over the next decade. The integration of energy, industry, and trade is becoming increasingly interconnected as nations strive to establish their position in the new energy economy. “As we have demonstrated, clean energy transitions offer a significant economic opportunity, which nations are rightfully attempting to take advantage of. Governments should, however, work to create policies that support ongoing competition, cost-cutting, and innovation in addition to advancements in their energy and climate goals,” said Fatih Birol, Executive Director, IEA. The global clean technology market is growing rapidly, with significant investments in clean technologies being made by countries like China, the US, the EU, and India. Despite the impact of the US Inflation Reduction Act, the EU's Net-Zero Industry Act, and India's Production Linked Incentive Scheme, China is expected to dominate the global manufacturing sector, with its clean technology exports expected to surpass $340 billion in 2035. This is approximately equal to the combined oil export earnings of Saudi Arabia and the United Arab Emirates this year. ETP-2024 highlights that nations at different stages of development can still access the clean energy economy, despite less than 5% of the value created by developing clean technologies today. The analysis of over 60 indicators, including business climate, energy and transportation infrastructure, resource availability, and domestic market size, provides crucial insights for emerging and developing economies. The report suggests that emerging economies can leverage their competitive advantages to expand beyond mineral extraction and processing. In the next ten years, Southeast Asia may become affordable for polysilicon and solar panel wafer production, Latin America, particularly Brazil, expand wind turbine exports, and North Africa could become a center for electric vehicle manufacturing. The Strait of Malacca, separating Pacific and Indian oceans, now accounts for half of all maritime trade in clean energy technologies. The Strait of Hormuz is involved in more than 20% of the fossil fuel trade, with varying implications for energy security. It highlights the global impact of the growing trade in clean energy technology, suggesting that importing clean technologies could enhance energy supply resilience and longevity. Solar PV modules on large container ships can produce as much electricity as 50 LNG tankers' natural gas or 100 bulk ships' coal in a single trip. "Many economies, not just a select few, should benefit from growth in the production and trade of clean energy technologies," Dr. Birol stated. According to this report, nations in Africa, Latin America, Southeast Asia, and beyond have a great chance to be significant players in the emerging energy economy. And it concludes that they can realize this potential with strong strategic alliances, more funding, and more work to lower exorbitant financing costs.

Global Clean Energy Market to Reach $2 T in 10 Years

ESGNEWS Team - October 31, 2024

As energy transitions progress, the global market for critical clean energy technologies is expected to triple to over $2 trillion over the next ten years

$78 T Needed to Achieve Net-Zero and 1.5 C Warming

ESGNEWS Team - October 31, 2024

A new report says that decisive action is needed to achieve net-zero by 2050, as world is currently on path for 2.5˚C to 3˚C global warming

Has Green Hydrogen Reached Crossroads?

ESGNEWS Team - October 29, 2024

The U.S. Department of Energy’s Hydrogen initiative aims to reduce the cost of green hydrogen to $1 per kg within the next decade.

RPF Updates SOP to Protect Vulnerable Children

ESGNEWS Team - October 29, 2024

The Railway Protection Force (RPF) has updated standard operating procedure (SOP) to protect vulnerable children found on railway premises

Gender equality in India progressing; Social Norms, Safety Concerns Persist: UN

ESGNEWS Team - October 28, 2024

India's progress towards gender equality has improved through increased investments and women's leadership, but social norms, workforce participation, and safety measures remain obstacles

NTPC to Power Indian Army with Green Hydrogen

ESGNEWS Team - October 28, 2024

NTPC developed the advanced solar hydrogen microgrid system that uses hydrogen for energy storage, providing 200kW of continuous power year-round

Concerns about excessive power sector investment without purchase agreements

ESGNEWS Team - October 28, 2024

Aequitas cautions against over power sector investment and past industry mistakes in India's ambitious power capacity expansion plan

Climate Disaster: UNEP Report Warns of 3°C Warming

ESGNEWS Team - October 25, 2024

A new UNEP report warns nations to significantly increase emissions reduction targets to avoid catastrophic global warming.

Global Biofuels Alliance to Establish Secretariat in India

ESGNEWS Team - October 24, 2024

The Global Biofuels Alliance will benefit from legal standing and privileges in India by signing a Host Country Agreement (HCA) with the country.

Sustainable Investing Gaining Traction In the Financial Markets

ESGNEWS Team - October 24, 2024

Sustainable investing has surged with ESG-focused funds and assets under management, indicating a growing demand for ethical investment options.