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EIP Raises Investment in Eni’s Renewables, Power and EV Charging Business Plenitude to $850 Million

ESG Today

The company currently has over 3 GW of installed renewables capacity, with a target reach over 8 GW by 2027, sells electricity and gas to 10 million customers across 6 countries, and operates an EV charging network consisting of 21,000 charging points across 13 countries, with a goal to reach 40,000 by 2027. billion (USD$3.2

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Equinor Lands $3 Billion Financing Package for New York Offshore Wind Project

ESG Today

The project is already under construction and is expected to reach commercial operation in 2027. Jens kland, Acting Executive Vice President for Renewables at Equinor, said: This is an important milestone for Equinor, in line with our plan to enhance value and reduce exposure in the Empire Wind 1 project.

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Euronext to Require Science-Based Emissions Reduction Targets from Suppliers

ESG Today

By 2027, its suppliers, which represent 67% of Euronext’s GHG emissions derived from purchased goods and services, will also have to set targets on their Scope 1 and 2 emissions. An efficient and sustainable global financial system is critical for long-term value creation.”. from a 2019 baseline.

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Private Equity Embraces ESG

Chris Hall

That’s not least because PE plays a crucial role in the global economy – it accounts for some US$7 trillion of assets under management, projected to reach almost US$12 trillion by 2027, according to Preqin. Our analysis also unveiled areas where private firms had the upper hand.

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Staying the Course

Chris Hall

We’ve seen greater engagement from the investment community which wants to make good decisions about long-term value creation and address systemic risk,” the PRI’s CEO David Atkin told ESG Investor. “By Its 2024-2027 plan , released last month, was the culmination of 18 months of intense conversations with signatories.

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Equinor Slashes Energy Transition Investment Plans

ESG Today

Norway-based energy company Equinor announced a substantial reduction in its renewable energy and low carbon solutions investment and development plans, citing a need to adapt to market conditions and further strengthen value creation for shareholders. In our view, the energy transition must be balanced and financially sustainable.

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ESG Regulatory Maze Requires a Tactical Approach

Chris Hall

Blue state investor expectations and legal obligations across the pond are reflecting EU and UK iterations from early years of the ESG megatrend; red state equivalent provisions are honing in on the connection to value creation and financial return. of GDP from April 2027.