Wed.May 17, 2023

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Accountable and transparent aren’t synonymous

GreenBiz

A misguided narrative in sustainable finance that conflates accountability and transparency. One requires the other, but the link (or lack thereof) between them presents a key barrier to a sustainable, and sustainably financed, economy.

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‘Carbon neutral’ and ‘net-zero’ claims face global greenwash crackdown

Corporate Knights

When a problem is likely to be resolved at some point in the future with no lasting harm, they say it will all come out in the wash. Back in 1986, an ecologist on a research trip to Fiji reportedly coined the term “greenwashing” in an essay critiquing a beachfront resort’s towel reuse policy. Four decades later, greenwashed marketing claims, did not, it turns out, come out in the wash.

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Climate tech needs a lesson in circularity

GreenBiz

An equitable path to the clean economy will require far more attention to where we "dig up" lithium, cobalt and other critically important minerals.

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Getting renewables connected is the first step to a zero carbon grid

Renew Economy

New wind, solar and batteries have faced long delays in getting connected, increasing costs and slowing the shift to renewables. We propose changes to fix these problems. The post Getting renewables connected is the first step to a zero carbon grid appeared first on RenewEconomy.

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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets.

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Small business is a big deal for climate action

GreenBiz

While much of the focus is on big companies for climate action, small and family-owned businesses have a pivotal part to play.

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Zen Energy signs new PPA to by 80 pct output from Wagga Wagga solar farm

Renew Economy

Ross Garnaut-led renewables gen-tailer fulfills pledge to "write lots of PPAs" in new deal with Greek developer Mytilineos. The post Zen Energy signs new PPA to by 80 pct output from Wagga Wagga solar farm appeared first on RenewEconomy.

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World headed for record hot year by 2028 – probably our first above 1.5°C limit

Renew Economy

New report forecasts two-in-three chance of passing 1.5℃ threshold sometime in the next five years. Does this mean the Paris Agreement has already failed? The post World headed for record hot year by 2028 – probably our first above 1.5°C limit appeared first on RenewEconomy.

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Most of US faces elevated risk of blackouts in extreme heat this summer, NERC warns

Utiliity Dive

All areas are expected to have adequate resources for normal summer peak load, but extreme weather could create widespread challenges, the North Americal Electric Reliability Corp. said Wednesday.

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Snowy 2.0 usage set to plummet by 2050 – and VNI West won’t save it

Renew Economy

Reports reveal VNI West will not increase Snowy 2.0’s transmission capacity to Victoria at all – and that the usage of Snowy 2.0 will plummet after 2050. The post Snowy 2.0 usage set to plummet by 2050 – and VNI West won’t save it appeared first on RenewEconomy.

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94% of Companies Planning to Comply with CSRD – Even if They Don’t Need to: Workiva

ESG Today

Nearly all public companies across Europe and the UK are planning to comply with the EU’s upcoming Corporate Sustainable Reporting Directive (CSRD), even including a majority of companies not covered by the mandate, as integrated sustainability and financial reporting is becoming the “new gold standard” of disclosure practices, according to a new survey by business data and reporting solutions provider Workiva.

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Are Your Impact Comms Resonating With Stakeholders?

Whether your organization is at the start of its sustainability and impact journey or years into it, many brands share a common concern: the uncertainty of whether they are sending stakeholders mixed messages. Creating content that speaks to your audience's “love language” can be a tricky dance. But, worry not! 3BL has put together tips to ensure that your content not only finds its rhythm but also resonates with your target audiences.

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Danish giant adds massive green hydrogen hub to 30GW Australia pipeline

Renew Economy

Danish green giant unveils plans for massive green hydrogen production hub in South Australia's Eyre Peninsula, backed by around 14GW of solar and wind capacity. The post Danish giant adds massive green hydrogen hub to 30GW Australia pipeline appeared first on RenewEconomy.

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The Latch deal for Jamie Siminoff’s startup is basically a $20M acqui-hire

Stacey Higginbotham

The recently announced deal by publicly traded Latch to acquire Jamie Siminoff’s startup Honest Day’s Work essentially gives Latch investors a well-regarded executive to manage the flagging public company, and Siminoff a public company to run where he can test out his plans for a new tech startup. On Tuesday, Latch said it would exchange 29 million shares of its stock valued at 76 cents a share for Honest Day’s Work in a deal valued at $22 million.

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Korean giant Samsung signs up for $5 billion Arrowsmith green hydrogen project in W.A.

Renew Economy

Samsung signs up to massive $5 billion Arrownsmith green hydrogen project in Western Australia. The post Korean giant Samsung signs up for $5 billion Arrowsmith green hydrogen project in W.A. appeared first on RenewEconomy.

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Court Greenlights Greenwashing Lawsuit Against TotalEnergies

ESG Today

A legal action filed by a group of environmental organizations with greenwashing claims against energy giant TotalEnergies will be permitted to proceed in the Paris judicial court, a pre-trial judge ruled today, clearing a major hurdle for the lawsuit. The lawsuit, filed in March 2022 by Greenpeace France, Friends of the Earth France and Notre Affaire a Tous, and supported by environmental law organization ClientEarth, argued that TotalEnergies’ “reinvention” campaign, in which the company claim

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Mastering Supply Chain Sustainability: Where Does ESG Fit In?

Speaker: Hortense Grouvel

In this new webinar, you will learn firsthand how to set up a sustainable supply chain program that will help meet increasing ESG requirements stemming from regulators, customers, consumers, and investors alike. Hortense Grouvel, ESG expert at IntegrityNext, and Sean Whelan, Global Senior Manager at Halliburton, will look at how ensuring compliance will also help you increase sustainability performance, resilience, and innovation, allowing you to unlock the full potential of your supply chain op

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Solar Insiders Podcast: From coal valley outsider to solar trailblazer

Renew Economy

Andy McCarthy reflects on his journey from a garage-based start-up to the CEO of RACV solar. Plus Queensland does it again. The post Solar Insiders Podcast: From coal valley outsider to solar trailblazer appeared first on RenewEconomy.

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Heat Pump Startup Quilt Raises $9 Million to Reduce Home CO2 Footprint

ESG Today

Heat pump systems startup Quilt announced today a that it has raised $9 million in a seed funding round aimed at supporting its mission to reduce home-based fossil fuel dependency. Founded in 2022 by three former Google employees, Quilt has developed its electric heat pump system for residential use, with integrated AI to identify heating and cooling patterns to optimize efficiency, leading to long-term cost savings.

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Zen Energy signs new long term power purchase deal with NSW solar farm

Renew Economy

Ross Garnaut-led renewables gen-tailer fulfills pledge to "write lots of PPAs" in new deal with Greek developer Mytilineos. The post Zen Energy signs new long term power purchase deal with NSW solar farm appeared first on RenewEconomy.

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Svante, 3M Partner to Develop Material to “Trap” Carbon

ESG Today

Carbon capture and removal technology provider Svante and 3M announced today a new partnership, to work together towards developing material that can trap CO2 for use in carbon removal solutions. The partnership comes not long after 3M’s venture capital arm, 3M Ventures, took part in Svante’s $318 million Series E fundraising round. Ray Eby, president of 3M’s Personal Safety Division, said: “3M is committed to helping build a low-carbon economy.

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What Regulations Will Impact Sustainability Comms in 2024?

Navigating the waters of sustainability reporting disclosures and regulations can be intimidating, to say the least. With various measures set in motion in 2023 to keep companies accountable, there is a lot in store for brands’ impact communication in the upcoming year. 3BL is kicking off this January with our Navigating ESG Comms Through the Cosmos - Capricorn Edition by highlighting the impact of: The U.S Securities and Exchange Commission (SEC) Climate disclosure rules The European Commission

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How to add smarts to older ceiling fans with remotes

Stacey Higginbotham

On a recent Internet of Things Podcast , we took a voicemail from Keith on our podcast hotline. Keith has several ceiling fans that have “dumb” remotes, meaning they’re manual remotes for power and speed. He wants to know if he can add some smarts to those old fans for automations and routines. The general answer is yes, but it does depend on the existing fan remote technology.

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The Brief: Impact management leaderboard, ground-source heat pumps and direct-air capture, backing diverse fund managers, tying compensation to outcomes

Impact Alpha

Greetings, Agents of Impact! Featured: Impact Management 10 fund managers that are outperforming – in managing impact. Some fund managers link staff incentives to impact. The post The Brief: Impact management leaderboard, ground-source heat pumps and direct-air capture, backing diverse fund managers, tying compensation to outcomes appeared first on ImpactAlpha.

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Morgan Stanley Raises $500 Million for Climate Solutions Strategy

ESG Today

Morgan Stanley Investment Management (MSIM) announced today that it has raised $500 million at the first close of its climate private equity strategy 1GT strategy. Launched in November 2022 , 1GT is a new growth-oriented private equity platform aimed at investing in climate solutions companies that will eliminate 1 billion tons (1 gigaton) of CO2 emissions from the date of investment through 2050.

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The state of grocery retail in Latin America

McKinsey Sustainabilty

Persistent inflation and shifting consumer preferences will test grocery retailers across the region. Four imperatives—supported by investments in advanced analytics—could be critical to keeping pace.

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What Questions Are Brands Asking About Their ESG Initiatives Ahead of 2024?

Temperatures are rising (and not just metaphorically) as key stakeholders anxiously anticipate the outcomes of COP28. While companies reconsider their 2024 environmental sustainability strategies, there is another aspect of ESG that deserves exploring, the social sector. In the latest edition of "Navigating ESG Comms Through the Cosmos - Sagittarius Edition", 3BL hones in on this sign’s bold quality of asking questions others are burning to know the answers to.

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DSM-Firmenich Appoints Katharina Stenholm as Chief Sustainability Officer

ESG Today

Nutrition, health, and beauty company dsm-firmenich announced today the appointment of Katharina Stenholm as Chief Sustainability Officer, with responsibility for developing a new ESG strategy for the newly formed company. Stenholm’s appointment follows the completion of the merger between DSM and Firmenich earlier this month, with the company expecting the new consolidated ESG strategy to build on the existing actions of both companies.

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Lessons from losing my mind | Andy Dunn

TEDxInnovations

Neurodiversity and innovation often go hand in hand, but does that mean visionary entrepreneurs get a free pass to say and do anything they want? Bonobos founder and mental health advocate Andy Dunn shares his experience navigating bipolar I in the midst of running a successful startup, offering lessons learned on his journey to wellness and steps to create a future where everyone is able to "dream crazy dreams" -- while being held accountable.

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Renewable Energy Investor Low Carbon Secures £310 Million to Finance Solar PV Buildout

ESG Today

Renewable energy investment and asset management company Low Carbon has announced that it has secured a £310 million finance facility with international banks ABN AMRO, ING, the Commonwealth Bank of Australia, and Intesa Sanpaolo (IMI CIB Division), aimed at enabling the construction of large-scale solar PV projects. Combined with a £230 million senior debt facility announced in August 2022, the total debt funding of £540 million marks one of the largest private sector construction debt faciliti

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OFWAT chief: Water companies must show customer benefits

Envirotec Magazine

David Black, chief executive of Ofwat, giving a keynote address at the British Water event. Major infrastructure improvements in the water sector in PR24 will require companies to better demonstrate how any increase in water bills will benefit customers, said David Black, chief executive of Ofwat, at a British Water reception held at the House of Lords on 27 April 2023.

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The Silver Lining to Corporate DEI Challenges

In our latest edition of Navigating ESG Comms Through the Cosmos - Scorpio Edition, 3BL embraces the perspective of one of the zodiac's most misunderstood signs: Scorpio. While this sign often has a darker view of the world, they do not shy away from shining a light on controversial topics. This month we take a deep dive into corporate pullback of DEI and how companies can utilize astrological advice to reinvent its social impact communication.

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NREL energy audit tool may help cities meet climate, building decarbonization goals

Utiliity Dive

Local governments often lack the staff and resources to conduct energy audits on thousands of buildings, an engineer at the National Renewable Energy Lab said, but technology can help overcome those challenges.

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Extremely hot days are warming twice as fast as average summer days in North-West Europe

Science Daily / Earth & Environment

New study analyzed data on near-surface air temperatures recorded for North-West Europe over the past 60 years. The findings show that the maximum temperature of the hottest days is increasing at twice the rate of the maximum temperature of average summer days. The results highlight the need for urgent action by policy makers to adapt essential infrastructure to the impacts of climate change.

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Carolina market reforms would increase grid reliability and reduce customer costs

Utiliity Dive

Opening the energy market in the Carolinas to more competition translates to more options to meet customer preferences and, in turn, supports economic development prospects throughout both states.

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Forward Thinking on the rollercoaster of central banking with Hans-Helmut Kotz

McKinsey Sustainabilty

“A boring world might lead us to terrible stagnation, which we don't want. We need innovation in front of all the issues we are dealing with.” A former central banker and economist talks about the difficult balances that need to be struck.

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Supercharge Your ESG Content This Libra Season

Throughout Climate Week, a feeling of urgency on tackling the climate crisis was palpable. Yet, questions continue to linger about corporate progress. Are we truly moving the needle or are we stuck in a cycle of empty statements and a flood of reports and guidelines? In the latest edition of Navigating ESG Comms Through the Cosmos - Libra Edition , we use Climate Week outcomes to explore how brands can communicate progress credibly.