Category: CSR/ECO/ESG

IKEA is intensifying its commitment to sustainability, achieving a major milestone by bringing 93 additional factories under its renewable electricity program, now totaling 491 factories globally. This move is part of IKEA’s broader goal to make 100% of its energy usage in production renewable. Key Achievements in FY24: Global Impact of Renewable Electricity: Sriram Rajagopal, […]

In a significant step toward advancing clean nuclear energy, X-energy has successfully closed a $700 million Series C-1 funding round, aimed at accelerating the commercialization of its cutting-edge small modular reactor (SMR) technology. This round saw a strong influx of new investors, including Segra Capital, Jane Street, Ares Management, and Emerson Collective, alongside Amazon’s Climate […]

Singtel’s regional data center arm, Nxera DCT Pte Ltd., has successfully secured a S$643 million (approximately $476 million) green loan to fund the development of DC Tuas, a state-of-the-art, high-power-density data center in Singapore. This loan, supported by major banks including DBS, OCBC, Standard Chartered, HSBC, and UOB, aligns with Singtel’s commitment to sustainability and […]

Investors overseeing €6.6 trillion in assets are urging the European Commission to preserve the integrity of its sustainability disclosure regulations amidst growing concerns over potential changes in the upcoming Omnibus package, scheduled for release on February 26. This package could significantly alter key sustainability frameworks, including the EU Taxonomy and the Corporate Sustainability Reporting Directive […]

The BNP Paribas Foundation has launched the 6th edition of its Climate & Biodiversity Initiative, committing €7 million to fund scientific research on ocean and coastal ecosystems. This new initiative aims to tackle pressing environmental challenges such as ocean acidification, coastal erosion, and overfishing—issues that threaten marine life and biodiversity worldwide. Focus on Ocean Preservation: […]

In a bold move to foster the transition to zero-emission mobility, the European Union is committing €422 million to enhance alternative fuel infrastructure across Europe. The funding will support 39 key projects designed to expand and modernize infrastructure along the trans-European transport network (TEN-T), a crucial step in achieving the EU’s sustainability goals. The initiative, […]

TA’ZIZ has taken a significant step toward strengthening the UAE’s industrial and economic diversification by awarding a $1.7 billion EPC contract to SAMSUNG E&A for the development of the country’s first world-scale methanol production plant. Located in Al Ruwais Industrial City, Abu Dhabi, the plant will be a pioneering facility powered by clean energy from […]