Day: 13 March 2024

Energy financing: the transformation of BNP Paribas’ business model is accelerating, as confirmed by several rankings

Stuart Mitchell

For BNP Paribas, the year 2023 was marked, by a simultaneous acceleration of financing for the production of low-carbon energy, and the shift away from financing for the production of fossil fuels. This has allowed the Group to advance the timing for some of its objectives. A majority of financing for low-carbon energy  On February 1st 2024, BNP Paribas published its annual results, which show a very strong acceleration in the financing of low-carbon energies: the stock of credit exposures to low-carbon energy production now accounts for 65% of the Group’s…

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New Benevity Report Reveals a Surge in Corporate Volunteerism

Stuart Mitchell

Benevity Inc., the leading provider of global corporate purpose software, today released The State of Corporate Volunteering, a report from Benevity Impact Labs that reveals a surge in corporate volunteerism as companies seek ways to address the challenges of employee connection in a hybrid work world. The data revealed a 57% year-over-year increase in the rate of global employee volunteering participation and a 41% year-over-year increase in the total number of volunteer hours dedicated by companies and their people. Since the onset of the pandemic, there has been a 15%…

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Carbon Clean wins 2024 Tech Tour Growth50 Sustainability Award

Stuart Mitchell

Carbon Clean, a leader in revolutionising carbon capture solutions, has won the Sustainability Award at the Tech Tour Growth50 Europe 2024 Summit, securing the greatest number of votes from an investor community judging panel. Carbon Clean was named as one of the top 50 European technology companies with the biggest growth potential and considered to be on a path to becoming a unicorn in the 2024 Tech Tour Growth50 List. A Selection Panel of more than 90 investors assessed multiple factors to finalise the List, including revenue growth, market potential,…

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Sainsbury’s invests in living wages for banana workers three years ahead of industry commitment

Stuart Mitchell

From today, every single banana bought at Sainsbury’s will contribute towards paying thousands of workers a fairer wage and support the future of banana growers in Cameroon, Colombia, Dominican Republic and Ghana. Last year, Sainsbury’s, along with nine other UK retailers brought together by IDH, committed to enabling banana workers – those employed on large banana plantations – to receive a living wage by 2027. Sainsbury’s has taken action to address living wages now, three years ahead of the industry commitment. The price Sainsbury’s is paying for every box of…

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Major companies celebrate clean buildings agreement between states

Stuart Mitchell

Major businesses, employers, and trade groups applaud a new agreement between nine states to collectively work to reduce climate pollution from buildings in the coming years.  California, Colorado, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, and Rhode Island today signed a memorandum of understanding outlining their collective efforts to accelerate the deployment of clean technologies such as heat pumps in new and existing homes. The agreement comes amid a surge in corporate support for collaboration among state governments to tackle planet-warming pollution from homes, offices, factories, and other buildings, which…

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