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Citigroup & BoA exit global climate-banking group amid political scrutiny
Citigroup and Bank of America (BofA) have announced their departure from the Net-Zero Banking Alliance (NZBA), marking the…
Costco defends DEI initiatives amid rising opposition from activist shareholders
As other companies like Walmart, John Deere, and Tractor Supply retreat or reconsider their diversity, equity, and inclusion…
UK advertisement watchdog reprimands Lloyds over misleading environmental claims
The UK’s Advertising Standards Authority (ASA) has reprimanded Lloyds Banking Group Plc for breaching advertising rules with a…
BlackRock writes down renewable fund amid key investment failures
BlackRock Inc. has announced a significant markdown in the value of its Global Renewable Power Fund III following…
Brazil halts construction of BYD’s factory over human rights violation
Brazilian authorities have suspended the construction of an electric vehicle (EV) factory for Chinese automaker BYD in the…
EIB & Iberdrola sign €100m green loan agreement for photovoltaic plant
The European Investment Bank (EIB) and Iberdrola, with backing from SACE’s Archimede guarantee, have signed a €100 million…
Unilever merges sustainability and communications functions amid strategic shift
Unilever is integrating its sustainability and external communications departments, marking a significant organisational change as the company recalibrates…
Wells Fargo withdraws from UN Net-Zero Banking Alliance
Wells Fargo & Co. has become the third US bank in 2024 to exit the Net-Zero Banking Alliance…
SKF & Swiss Steel Group partner to reduce CO2 emissions
SKF, a Swedish bearing and seal manufacturing company, has achieved a 40% reduction in CO2 emissions associated with…
Volkswagen invests $48m in Patriot Battery Metals to secure lithium supply
Volkswagen Group has made a strategic $48 million investment in Canadian lithium company Patriot Battery Metals, acquiring a…
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