November, 2023

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How Dominion Energy is creating a $9.8 billion road map for offshore wind

GreenBiz

Close to $22 billion in U.S. offshore wind projects have been delayed or canceled, but the Virginia utility is moving forward with the largest facility in U.S. waters.

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Giant Melbourne battery may triple in size with plans for 12-hour flow battery storage

Renew Economy

Giant battery in Melbourne partly funded by SEC is looking at adding 12-hour storage using flow battery technologies for its next stage. The post Giant Melbourne battery may triple in size with plans for 12-hour flow battery storage appeared first on RenewEconomy.

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Canada's pension plan shouldn’t be a cheerleader for Alberta’s oil and gas industry

Corporate Knights

By standing before the Calgary Chamber of Commerce and pledging our national pension fund’s continued support for the Alberta oil and gas industry, Canada Pension Plan Investment Board (CPPIB) CEO John Graham predictably told Alberta Premier Danielle Smith and her Big Oil allies exactly what they wanted to hear. But the financing needs and expansion plans of oil and gas companies are incompatible with CPPIB’s mandate to ensure Canadians’ retirement security by investing “with a view to achieving

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Unmasking Big Oil’s Audacious Carbon Capture Deception

Richard Matthews

The fossil fuel industry has a long history of malfeasance but their misapplication of carbon capture may be their most audacious disinformation ploy to date. As explained in an Energy Transitions Commission report, carbon technology is being ‘co-opted’ by fossil-fuel companies so they can keep extracting oil and gas. While carbon capture is a critical […] The post Unmasking Big Oil’s Audacious Carbon Capture Deception appeared first on Change Oracle.

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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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New research suggests plants might be able to absorb more CO2 from human activities than previously expected

Science Daily / Earth & Environment

New research paints an uncharacteristically upbeat picture for the planet. This is because more realistic ecological modelling suggests the world's plants may be able to take up more atmospheric CO2 from human activities than previously predicted.

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BlackRock Raises $1 Billion for Energy Transition-Focused Infrastructure Fund

ESG Today

Investment giant BlackRock announced today that it has raised nearly $1 billion in client commitments at the initial close of its energy transition and energy security-focused Evergreen Infrastructure fund, Launched in June 2022, fund is a core, open-ended infrastructure equity fund that focuses on investing in infrastructure businesses in Europe and North America aligned with the themes of energy transition and energy security, in addition to a focus on thematic sectors including transportation

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China to install record-breaking 230 GW of wind and solar in 2023

Renew Economy

China is quietly reorganising its entire power sector to support rapid electrification and renewables uptake – and smashing records along the way. The post China to install record-breaking 230 GW of wind and solar in 2023 appeared first on RenewEconomy.

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Facing the storm: Caribbean countries make urgent call for more equitable climate funding

Corporate Knights

Jamaica was on hurricane watch in the days leading up to the UN COP28 climate summit. An unusual tropical storm swinging in from the west was heading for the Caribbean, a region often in the eye of the changing climate, with intensifying storms, record flooding, devastating drought and crumbling coastlines. In the face of such turmoil, the Caribbean has home-grown solutions that are building resilience and lowering emissions as it girds for fiercer storms: coral reef baskets to protect coastline

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In digital and AI transformations, start with the problem, not the technology

McKinsey Sustainabilty

For digital and AI transformations to succeed, companies need to understand the problems they want to solve and rewire their organizations for continuous innovation

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Future floods: Global warming intensifies heavy rain -- even more than expected

Science Daily / Earth & Environment

The intensity and frequency of extreme rainfall increases exponentially with global warming, a new study finds. The analysis shows that state-of-the-art climate models significantly underestimate how much extreme rainfall increases under global warming -- meaning that extreme rainfall could increase quicker than climate models suggest.

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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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EU Parliament Votes to Push for End of Global Fossil Fuel Subsidies by 2025 at COP28

ESG Today

Lawmakers in the European Parliament voted 462-134 for a resolution outlining its delegation’s position at the upcoming UN COP28 Climate Conference, which includes a call for the end of fossil fuel subsidies globally by 2025. COP28 is set to take place in Dubai from November 30 to December 12. In addition to calling all for an end to all direct and indirect fossil fuel subsidies, at national, EU and global levels, “as soon as possible and by 2025 the latest,” the resolution also supports a tangi

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Filling this 'forgotten element' of the energy transition is critical to net zero

GreenBiz

The pipeline of investable renewable energy and low carbon infrastructure projects in developing nations needs to be up to nine times larger, warns the Tony Blair Institute for Global Change.

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NSW passes climate bill to write 70 pct by 2035 emissions reduction target into law

Renew Economy

In a triumph of multi-partisanship, NSW Parliament has passed legislation to cut the state's emissions by 70% by 2035, and reach net zero by 2050. The post NSW passes climate bill to write 70 pct by 2035 emissions reduction target into law appeared first on RenewEconomy.

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Most Canadians want their investments to align with climate action

Corporate Knights

Are Canada’s financial institutions and large private companies aligned with climate action? Canadians want them to be. In fact, the majority of Canadians want strong policies from the government to ensure that financial institutions invest more sustainably. The government has started to take action, but more is needed. Last week, in the fall economic statement, the federal government promised action on sustainable finance.

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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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Reframing employee health: Moving beyond burnout to holistic health

McKinsey Sustainabilty

A new McKinsey Health Institute survey across 30 countries offers insights into how organizations can help create a workplace that prioritizes physical, mental, social, and spiritual health.

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'Cooling glass' blasts building heat into space

Science Daily / Earth & Environment

Researchers aiming to combat rising global temperatures have developed a new 'cooling glass' that can turn down the heat indoors without electricity by drawing on the cold depths of space. The new technology, a microporous glass coating, can lower the temperature of the material beneath it by 3.5 degrees Celsius at noon, and has the potential to reduce a mid-rise apartment building's yearly carbon emissions by 10 percent.

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Is the Nuclear Energy Industry Ready for Artificial Intelligence?

Energy Central

IAEA Working Groups on AI IAEA Report on AI and Nuclear Energy US Nuclear Regulatory Commission Strategic Plan and Workshops on AI OECD/Nuclear Energy Agency – Task Force on Artificial Intelligence and Machine Learning for Scientific Computing in Nuclear Engineering The often quoted mantra of silicon valley’s entrepreneurs is “move fast and break things.

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The first step toward an embedded sustainability strategy: Pinpoint key ESG issues

GreenBiz

The initial building blocks in creating an embedded strategy are establishing material ESG factors and stakeholders and developing a materiality matrix.

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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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Small modular nuclear reactors: a history of failure

Renew Economy

Dozens of ‘small modular reactor’ designs are being promoted, but precious few will reach construction stage and likelihood of SMRs being built in large numbers is negligible. The post Small modular nuclear reactors: a history of failure appeared first on RenewEconomy.

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How much science is there behind the Science Based Targets Initiative?

Impact Alpha

There is an urgent race to curb rising temperatures and prevent the worst effects of climate change. This is reflected in a growing. The post How much science is there behind the Science Based Targets Initiative? appeared first on ImpactAlpha.

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Seeing around corners: How to excel as a chief of staff

McKinsey Sustainabilty

A chief of staff can be instrumental to a CEO’s success while also advancing their own career. Here are eight pieces of advice from those who have mastered the role.

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Designing cities for 21st-century weather

Science Daily / Earth & Environment

Researchers have investigated how changes in urban land and population will affect future populations' exposures to weather extremes under climate conditions at the end of the 21st century. They used a data-driven model to predict how urban areas across the country will grow by 2100, and found that how a city is laid out or organized spatially has the potential to reduce population exposures to future weather extremes.

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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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Joint statement on UNFCCC work programme on just transition pathways

We Mean Business Coalition

Organizations working with business, financial institutions and employer organizations on just transition share expectations for the new UNFCCC work programme on just transition pathways.  Download the joint statement (pdf) To Parties attending UNFCCC COP28,     We welcome the establishment at COP27 of a new UNFCCC work programme on just transition for discussion of pathways to achieve the goals of the Paris Agreement, as well as the decision to convene annual high-level ministerial roundtable

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Why Unilever’s downshift on sustainability is good news

GreenBiz

Environmental and social commitments are aligning more closely with tangible financial goals, a sign of sustainability’s maturity in business.

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Case for gas as transition fuel falling apart on both economic and environmental costs

Renew Economy

Australia's biggest gas projects have cost shareholders $US19bn and the methane emissions are on par with coal, studies show. The post Case for gas as transition fuel falling apart on both economic and environmental costs appeared first on RenewEconomy.

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IBM Launches Free Courses to Help Address Green Economy Skills Gap

ESG Today

Global technology company IBM announced the launch of free sustainability courses, targeting learners across communities underrepresented in technology, aimed at providing skills for the green economy. The new courses will be provided by IBM SkillsBuild, a free education program focused on underrepresented communities in tech, that helps adult learners, and high school and university students and faculty, develop valuable new skills and access career opportunities, through collaborations with so

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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.

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Global economics intelligence executive summary, October 2023

McKinsey Sustainabilty

The global outlook is unchanged despite weaker readings in trade, consumer confidence, and business activity. Still-elevated inflation and interest rates are acting as headwinds to economic growth.

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Low-intensity fires reduce wildfire risk by 60%, according to study by Columbia and Stanford researchers

Science Daily / Earth & Environment

High-intensity, often catastrophic, wildfires have become increasingly frequent across the Western U.S. Researchers quantified the value of managed low-intensity burning to dramatically reduce the risk of such fires for years at a time.

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BlackRock study finds gender-balanced companies outperform peers

Financial Times: Moral Money

World’s largest asset manager publishes report as critics attack ESG factors in investing

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Most companies are fumbling their 2025 plastic waste targets

GreenBiz

The world is off track to tackle plastic pollution. Here's what business must do now, according to the Ellen MacArthur Foundation.

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How Will Virgo Season Impact Your ESG Communication?

3BL’s in-house experts merge the celestial wisdom of astrology with current environmental, social, governance (ESG) communication trends to offer a unique perspective and practical advice on sharing your company’s commitments effectively. 3BL’s new “Navigating ESG Comms through the Cosmos” series begins with Virgo season! In this edition, we delve into: How businesses have responded to environmental disasters over the past few months and why you can expect a continued focus on the climate crisis