Month: July 2022

Ceres finds U.S. financial regulators have made significant progress in addressing climate-related financial risk over the past year

Stuart Mitchell

A new scorecard released recently by Ceres shows that U.S. financial regulators across nine federal agencies have taken 230 actions since April 2021 to tackle the financial risks of climate change, a clear sign of regulatory progress.   The 2022 Climate Risk Scorecard: Assessing U.S. Financial Regulator Action on Climate Financial Risk, provides an in-depth analysis of the action steps that the agencies have taken to protect our capital markets, financial institutions, and communities from the effects of climate risk. Among the agencies scored include the Federal Reserve Bank (The Fed),…

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edie launches new report exploring efforts to reach net-zero in the manufacturing sector

Stuart Mitchell

edie has recently published a new Mission Positive report looking at how manufacturing is going beyond just delivering net-zero emissions to also contribute positively to society and the planet. edie is running a new series of reports looking at how key sectors in the UK economy can decarbonise in alignment with the national net-zero target, while also looking at the net-positive benefits they can create along the way. The first report in this series looked at the public sector (click here to download the report). For the second in this series,…

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Kraft Heinz Announces Agreement with Repsol in Company’s First Wind Energy Investment

Stuart Mitchell

The Kraft Heinz Company have announced a 12-year virtual power purchase agreement (“vPPA”) with Repsol, a global multi-energy company operating across more than 20 countries and based in Madrid, Spain. This agreement is the Company’s first investment in wind energy and is designed to help Kraft Heinz achieve its aspiration of procuring the majority of its electricity from renewable sources by 2025. Kraft Heinz is expected to source over 90 gigawatt hours/year of renewable energy from Spanish producer Repsol’s largest wind project, Delta II (Aragon, Spain) – equivalent to powering…

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Truist Announces $120 Million Commitment to Strengthening Small Businesses

Stuart Mitchell

Truist Financial Corporation, together with Truist Foundation and Truist Charitable Fund, have announced a $120 million commitment to strengthen and support small businesses, focusing on Black, Latinx and women-owned businesses. The commitment includes $30 million in philanthropic grants to support nonprofits who assist small businesses and diverse entrepreneurs and $5 million in philanthropic grants, which will support technical assistance, small businesses and volunteerism. In addition, $85 million in investments support debt and equity. Truist is especially focused on partnering with CDFIs, as they are uniquely centered around providing credit and financial services to underserved populations. Truist…

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Blancco Achieves Goal of Becoming Carbon Neutral

Stuart Mitchell

 Blancco Technology Group, the industry standard in data erasure and mobile lifecycle solutions, today announced that it has formally achieved carbon neutral status for 2021, in line with PAS 2060, the globally accepted standard for carbon neutrality. With support from Avieco, a leading sustainability consultancy, Blancco has offset its entire 2021 carbon footprint through investment in two renewable wind energy projects in India. Over the past six months, Blancco has implemented and executed an effective management plan to reduce the company’s carbon footprint. It then set and achieved carbon intensity…

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