November, 2024

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SEC Fines Invesco $17.5 Million for Misleading ESG Investing Claims

ESG Today

The U.S. Securities and Exchange Commission (SEC) announced that it has charged global asset manager Invesco for making misleading claims regarding its ESG-related investments, including overstating the proportion of assets under management that integrated ESG considerations. Invesco has agreed to pay a $17.5 million civil penalty to settle the SEC’s charges, while not admitting or denying the Commission’s allegations.

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Alberta's conservative party invites climate disinformation into policy debate

Corporate Knights

Members of Alberta’s governing United Conservative Party are debating whether to abandon existing net-zero targets at the party’s annual general meeting in Red Deer this week – a move that would further signal the province’s departure from global and national priorities for mitigating emissions. Drawing on longstanding pro-CO2 rhetoric in climate denialism, Policy Resolution #12 asks the government to scrap its decarbonization goals, remove the designation of carbon dioxide as a pollutant, and r

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Milestone: World’s biggest isolated grid hits new wind and solar penetration record of 85.7 pct

Renew Economy

Western Australia’s South West Interconnected System, regarded as the biggest isolated grid in the world, hit a new penetration record for wind and solar power over the weekend, a new peak of 85.7 per cent. The milestone was noted on LinkedIn by the state’s co-ordinator of energy, Jai Thomas, referring to data displayed on the […] The post Milestone: World’s biggest isolated grid hits new wind and solar penetration record of 85.7 pct appeared first on RenewEconomy.

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SAIC Advances Environmental Stewardship with GHG Reduction, Energy Conservation, and Sustainable Practices

3BL Media

Greenhouse Gas Emissions SAIC’s commitment to environmental sustainability begins with decarbonization of our operations. Our intent is to reduce overall greenhouse gas (GHG) emissions and work with our stakeholders to do the same. Scope 1 and Scope 2 Emissions We measure, monitor and track our Scope 1 and Scope 2 greenhouse gas emissions at facilities where we maintain operational control and publicly disclose those emissions.

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How to Drive Cost Savings, Efficiency Gains, and Sustainability Wins with MES

Speaker: Nikhil Joshi, Founder & President of Snic Solutions

Is your manufacturing operation reaching its efficiency potential? A Manufacturing Execution System (MES) could be the game-changer, helping you reduce waste, cut costs, and lower your carbon footprint. Join Nikhil Joshi, Founder & President of Snic Solutions, in this value-packed webinar as he breaks down how MES can drive operational excellence and sustainability.

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European Bank for Reconstruction and Development - EBRD supports green urban development in Vilnius

Global Renewable News

Highlights EBRD lends 18 million to support construction of a sustainable office building in Vilnius Investment promotes urban regeneration of the city State-of-the-art building to target BR.

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Four global policies could eliminate more than 90% of plastic waste and 30% of linked carbon emissions by 2050

Science Daily / Earth & Environment

A new study determines that just four policies can reduce mismanaged plastic waste -- plastic that isn't recycled or properly disposed of and ends up as pollution -- by 91% and plastic-related greenhouse gasses by one-third. The policies are: mandate new products be made with 40% post-consumer recycled plastic; cap new plastic production at 2020 levels; invest significantly in plastic waste management -- such as landfills and waste collection services; and implement a small fee on plastic packag

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An authoratarian petrostate takes centre stage as COP29 host

Corporate Knights

At the close of every year, the conscience of the world goes on display at the annual United Nations Climate Change Conference. Held last year in the United Arab Emirates, the COP28 meeting came under fire for planning a hydrocarbon-free future in a country where oil and gas account for 30% of total exports. In 2024, COP29 must dig itself out of a bigger hole.

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Tesla Megapacks arrive as former coal site transforms into big Queensland battery

Renew Economy

The first batch of Tesla Megapacks has arrived at the site of one of Queensland’s biggest batteries yet, that is being built at a former coal generation hub south of Brisbane to store excess solar energy and help balance the local grid. The 250 MW, two-hour (500 MWh) Swanbank Battery is being developed by Queensland […] The post Tesla Megapacks arrive as former coal site transforms into big Queensland battery appeared first on RenewEconomy.

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Understanding VOC Emissions: Importance of Reduction and Cummins’ Progress

3BL Media

Cummins Volatile organic compounds (VOCs) are emitted as gases from a variety of products and processes, including paint and coating operations. While paint can provide protection and aesthetic benefits to products, the VOCs emitted during the painting process also have environmental implications. VOCs can react with nitrogen oxide when exposed to sunlight to create ground-level ozone, contributing to smog.

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Cisco unveils SD-WAN Configuration Catalog to streamline industrial deployments

Cisco CSR

Cisco's new SD-WAN Configuration Catalog simplifies industrial deployments - reducing setup time, errors, and enhancing security for Industrial IoT networks

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

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. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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Delay and pay: Climate tipping point costs quadruple after waiting

Science Daily / Earth & Environment

The cost of reversing the effects of climate change -- restoring melted polar sea ice, for example -- quickly climbs nearly fourfold soon after a tipping point is crossed, according to new work. Much work has been done to explore the environmental costs tied to climate change. But this new study marks the first time researchers have quantified the costs of controlling tipping points before and after they unfold.

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IAASB Releases New International Sustainability Reporting Assurance Standard

ESG Today

Auditing, quality control, and assurance standard-setting body the International Auditing and Assurance Standards Board (IAASB) announced the publication of its finalized International Standard on Sustainability Assurance 5000 (ISSA 5000), aimed at establishing a new standard for practitioners in carrying out sustainability assurance engagements. The new standard comes as companies are increasingly reporting on sustainability and climate-related risks, opportunities and impacts in alignment with

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New framework for CO2 offsets could create "cowboy carbon markets," critics warn

Corporate Knights

Among the limited accomplishments of COP29 last week was the approval of a long-awaited and controversial global framework for carbon offsets. Some climate campaigners welcomed the announcement with cautious optimism. Others warned that the agreement doesn't fix big mistakes that carbon trading has made in the past. The voluntary market for carbon credits – separate from cap-and-trade markets regulated by governments – has grown slowly over the last few years, hobbled by loose definitions and la

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Australian homes could slash energy bills by two thirds by cutting out gas and petrol, AEMC says

Renew Economy

Australian households could lower their bills by over two thirds if they fully electrify their home by cutting out gas and petrol according to a new report from AEMC. The post Australian homes could slash energy bills by two thirds by cutting out gas and petrol, AEMC says appeared first on RenewEconomy.

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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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What Could a 40% Reduction in Data Center Energy Use Mean for the Grid?

3BL Media

The ballooning energy demands of artificial intelligence (AI) and data centers are driving big plans to potentially triple nuclear power capacity in the U.S. by 2050. From discussions of restarting a reactor at Three Mile Island to the deployment of small modular reactors, data centers need certainty about how they’ll keep pace with data streaming and processing demands at a time when the grid is tapping out.

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Australia’s newest and biggest battery charged with surprise role in keeping lights on in NSW heatwave

Renew Economy

Updated: Australia's newest and biggest battery makes a surprise intervention on the grid as the market operator marshalled resources to keep the lights on in NSW. The post Australia’s newest and biggest battery charged with surprise role in keeping lights on in NSW heatwave appeared first on RenewEconomy.

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Extended outages of “always on” baseload power leaves coal states vulnerable to heatwave

Renew Economy

Absence of more than 3 gigawatts of "always on" baseload fossil fuel generators, including at the country's newly subsidised biggest coal fired power station, leaves coal dependent grids vulnerable to heatwave. The post Extended outages of “always on” baseload power leaves coal states vulnerable to heatwave appeared first on RenewEconomy.

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South Australia’s biggest battery charges up as new wave of storage prepares to enter grid

Renew Economy

Commissioning has started on what will be the biggest battery in South Australia, with a first-of-its-kind contract to deliver a "baseload renewables" supply to the giant Olympic Dam mine. The post South Australia’s biggest battery charges up as new wave of storage prepares to enter grid appeared first on RenewEconomy.

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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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Construction to begin at giant battery in ACT, as plans unveiled for even bigger battery at Hazelwood

Renew Economy

Construction begins on the biggest battery in the ACT, as plans also emerge for an even bigger battery at Hazelwood, near the shuttered coal fired power station. The post Construction to begin at giant battery in ACT, as plans unveiled for even bigger battery at Hazelwood appeared first on RenewEconomy.

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Australia’s only wind turbine tower maker to close shop, prompts Coalition to ignore its own history

Renew Economy

News Australia's only wind turbine tower manufacturer has decided to pack it in has been packaged by the Murdoch media and Coalition as a renewables embarrassment for Labor. History tells a different story. The post Australia’s only wind turbine tower maker to close shop, prompts Coalition to ignore its own history appeared first on RenewEconomy.

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New tender opens for another 6 GW of wind and solar as record year puts 2030 renewables target within reach

Renew Economy

New tender for 6 GW for wind and solar opens, as Climate Authority calls for CIS to be expanded, for more use of local networks, faster planning approvals and more solar and battery hybrids. The post New tender opens for another 6 GW of wind and solar as record year puts 2030 renewables target within reach appeared first on RenewEconomy.

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South Australia wants to bring back mothballed diesel plants due to lack of demand side options

Renew Economy

South Australia wants to bring back two mothballed diesel generators for the next two summers, citing the lack of demand side measures in the state and delays to the new link to NSW. The post South Australia wants to bring back mothballed diesel plants due to lack of demand side options appeared first on RenewEconomy.

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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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“Quiet revolution:” Wind and solar slash electricity emissions by 40 pct in just 10 years

Renew Economy

Renewables growth from 2015-2025 is on track to cut Australia’s electricity sector emissions by nearly 40% in a decade, equivalent to emissions from all the nation’s cars, commercial vehicles and planes. The post “Quiet revolution:” Wind and solar slash electricity emissions by 40 pct in just 10 years appeared first on RenewEconomy.

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In the end, the only blackouts were in the media headlines: But there has to be a better way to do this

Renew Economy

Blackout featured prominently in media headlines this week, but not on the grid. But as the coal fleet gets older, there are smarter ways of responding to demand spikes. The post In the end, the only blackouts were in the media headlines: But there has to be a better way to do this appeared first on RenewEconomy.

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Big batteries and EVs to the rescue again as faults with new nuclear plant cause chaos on Nordic grids

Renew Economy

Europe's newest and most powerful nuclear reactor – delivered more than a decade late and nearly four times over budget – is proving a headache for grid operators now it's finally up and running. The post Big batteries and EVs to the rescue again as faults with new nuclear plant cause chaos on Nordic grids appeared first on RenewEconomy.

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Farmers and communities to reap billions each year for hosting wind and solar projects, report finds

Renew Economy

New report says total payments to landowners for hosting wind and solar projects will hit $1 billion a year by 2030 and at least $8 billion a year by 2050. The post Farmers and communities to reap billions each year for hosting wind and solar projects, report finds appeared first on RenewEconomy.

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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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Rooftop solar meets 107.5 pct of South Australia’s demand, no emergency measures needed

Renew Economy

Rooftop solar output has broken through the 100% grid demand barrier in South Australia again. The post Rooftop solar meets 107.5 pct of South Australia’s demand, no emergency measures needed appeared first on RenewEconomy.

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World’s largest onshore wind turbine powers up for first time

Renew Economy

The world’s largest onshore wind turbine, a 15MW behemoth capable of powering 160,000 households with blades nearly the length of the MCG, has been powered up. The post World’s largest onshore wind turbine powers up for first time appeared first on RenewEconomy.

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China floats its first gigawatt scale offshore solar park, and completes 3GW PV project at old coal mine

Renew Economy

Chinese company completes world’s second-largest solar facility, a 3 GW PV farm built on an old cold mine, and starts first generation from the world's first gigawatt scale floating solar project. The post China floats its first gigawatt scale offshore solar park, and completes 3GW PV project at old coal mine appeared first on RenewEconomy.

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W.A. nearly doubles grid storage as second Kwinana battery finished and wind and solar hit record highs

Renew Economy

Second stage of Kwinana battery completed, which will nearly double the state's storage capacity as wind and solar hit new record shares of more than 85 pct. The post W.A. nearly doubles grid storage as second Kwinana battery finished and wind and solar hit record highs appeared first on RenewEconomy.

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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.